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No Brics leader among those who first phoned President Ramaphosa, on Sunday

By: Rebecca Campbell     19th February 2018 Not one of the five world and regional leaders who formed the first group to phone new South African President Cyril Ramaphosa on Sunday to hold preliminary discussions with, and to congratulate, him came from a Brics (Brazil, Russia, India, China and South Africa) group country. Two of the... 

Nuclear energy future imminent, despite delays in updated IRP

By: Simone Liedtke     16th February 2018 South Africa-based engineering, procurement and construction (EPC) company Lesedi Nuclear Services (Lesedi) business development executive Shane Pereira believes that there is a future for nuclear power globally, although it is being hindered locally by the delay in passing the updated Integrated... 

São Gonçalo solar plant, Brazil

By: Sheila Barradas     16th February 2018 Enel Green Power Brasil Participações plans to build solar photovolatic plant, which will be able to generate more than 850 GWh/y of renewable energy. 

'Off to the races' for South African assets as Ramaphosa steps in

By: Bloomberg     15th February 2018 Stocks surged the most since December 2014, the rand rallied to a three-year high and bond yields fell to a level last seen more than two years ago as market favorite Cyril Ramaphosa took the helm of Africa’s most industrialized economy. “This is the Cyril bonus,” said Wayne McCurrie, the head of... 

Indian mineral royalty rate revision on the cards

By: Ajoy K Das     15th February 2018 Signaling an imminent revision in royalties payable, barring coal, lignite and sand, the Indian government has constituted a study group to review existing rates, recommend any revision and suggest policy changes in administration of the royalty regime. According to a government order, the... 

Global wind energy installations remain above 50 GW - GWEC

By: Simone Liedtke     14th February 2018 Installations in the global wind energy market remained above 50 GW in 2017, with Europe, India and the offshore sector having had record years. The Global Wind Energy Council (GWEC) on Wednesday released its 2017 market statistics, which highlighted a decrease to 19.5 GW for Chinese... 

Gold-focused Crusader puts Brazil, Portugal lithium assets up for sale

By: Schalk Burger     13th February 2018 ASX-listed minerals exploration and development company Crusader Resources aims to dispose of its lithium interests in Brazil and Portugal to focus its development and funding on the Borborema gold project, in Brazil, and the Juruena and Novo Astro gold exploration projects, in western Brazil.... 

Zuma defiant till the end as party moves to recall him

By: News24Wire      13th February 2018 A defiant President Jacob Zuma has refused to resign immediately as head of state, daring the African National Congress's (ANC's) National Executive Committee (NEC) to recall him. The party's highest decision making body resolved to recall him, invoking the clause in the African National Congress... 

Wind energy installations continue to grow – WWEA

By: Megan van Wyngaardt     12th February 2018 The overall capacity of all wind turbines installed worldwide by the end of 2017 reached 539 291 MW, preliminary statistics published by World Wind Energy Association (WWEA) has shown. A WWEA report, released on Monday, further showed that 52 552 MW of wind energy capacity were added last year,... 

Global aeronautics body promoting networking among young researchers

By: Rebecca Campbell     9th February 2018 The International Forum for Aviation Research (IFAR) is seeking to develop international interactions between young professionals working in both technical and non-technical areas of aviation research around the world. This initiative is described as “early career networking” and is a focus area... 

Lagoa do Barro, Morro do Chapéu II and Delfina Wind Farms, Brazil

By: Sheila Barradas     9th February 2018 Enel Green Power Brasil Participações has been awarded the right to sign 20-year power supply contracts with three wind projects for 618 MW of new capacity. 

Cougar secures cobalt project in Chile

By: Creamer Media Reporter      7th February 2018 ASX-listed Cougar Metals has secured a cobalt exploration project in Chile, which executive chairperson Randal Swick said on Wednesday was considered a complementary opportunity to its lithium prospect in Brazil. Cougar has signed a letter of intent (LOI) with Antasitua Chile to acquire a 100%... 

World Mining Congress 2018: Stages of program formation

     5th February 2018 From June 19 till June 22, the 25th anniversary World Mining Congress will be held in Astana. Such large-scale event of world significance is held for the first time not only in Kazakhstan, but also in the territory of CIS. Kazakhstan was chosen not casually for anniversary WMC. Country's... 

Tharisa entering multi-project PGM-chrome growth phase

By: Martin Creamer     31st January 2018 Platinum group metals (PGMs) and chrome co-producer Tharisa Minerals, which predicts that a global chrome ore deficit is on the horizon, has published details of its strategic Vision 2020 growth thrust. “Tharisa is entering an exciting growth phase,” CEO Phoevos Pouroulis said in the release to... 

Nornickel says palladium output may fall in 2018

By: Reuters     31st January 2018 Norilsk Nickel, the world's largest palladium producer, said on Wednesday its production of palladium could decline in 2018, while the output of nickel from Russian raw material would remain flat. Nornickel, part-owned by Russian tycoon Vladimir Potanin and aluminium giant Rusal, previously said... 

Brazil, Peru to lead LatAm mineral project development to 2020

By: Henry Lazenby     30th January 2018 Boosted by higher commodity prices in general, miners are increasingly focusing on project development as healthier balance sheets allow them the opportunity to return to their long-term growth strategies. According to data supplied by Fitch-affiliated research firm BMI, two countries are... 

Team South Africa syncing its act to host tenth Brics summit

By: African News Agency      29th January 2018 Different South African sectors are synchronising their act on Monday, as Pretoria prepares to host the highly anticipated 10th summit of the Brics bloc – which groups Brazil, Russia, India, China, and South Africa – to be held in July. “One of the things we did last year is that we found that... 

As global economy hums, Davos turns bullish on commodities

By: Bloomberg     27th January 2018 The last two editions of the World Economic Forum were somber affairs for oil industry chieftains and commodities tycoons. The consensus in Davos was that oil was going to stay low, OPEC would fail to lift prices, and the mining industry faced a difficult time. Roll forward to 2018 and there’s... 

Nersa welcomes Mkhize as petroleum pipelines regulator

By: Megan van Wyngaardt     26th January 2018 The National Energy Regulator of South Africa (Nersa) has appointed Muzuvukile Mkhize as full-time regulator member responsible for petroleum pipelines regulation, following Cabinet approval. Mkhize will fill the role for a five-year term from January 16 this year to January 15, 2023. His... 

Project to lift station platforms proving challenging, PRASA admits

By: Irma Venter     26th January 2018 Commuters making use of the 18 new X’Ttrapolis Mega commuter trains, supplied by Gibela to the Passenger Rail Agency of South Africa (PRASA) are “extremely happy” with the new rolling stock, says PRASA strategic asset development group executive Piet Sebola. The Gibela Rail Transport Consortium... 

Bandeirante and Areado small hydropower plants, Brazil

By: Sheila Barradas     26th January 2018 The project entails the construction of power plant with a total output of 28 MW. 

Anglo American delivers increased output of most products in 2017

By: Natasha Odendaal     25th January 2018 Despite removing higher-cost platinum and metallurgical coal volumes, LSE- and JSE-listed Anglo American has reported a 5% rise in total production on a copper equivalent basis in 2017. “We have delivered another strong operating performance in 2017. The 5% increase for the full year reflects our... 

Chinese steel mills win domestic iron-ore pricing in some 2018 contracts

By: Reuters     25th January 2018 Chinese steelmakers have succeeded in a push to include domestic iron-ore price indices in some 2018 annual supply contracts with global miners, four industry sources said, as the world's top buyer boosts its clout over pricing of major commodities. The move marks a major step in the evolution... 

Anglo American expects to get licences to expand in Brazil

By: Reuters     24th January 2018 Anglo American said on Tuesday it expects to receive long-awaited licences on Friday which will pave the way for the mining company to boost its Brazilian iron ore production capacity by about 56%. Anglo American plans to invest 1-billion reais ($308.94-million) to expand its iron ore extraction... 

Brio jumps 50% on friendly $264m Leagold takeover bid

By: Henry Lazenby     24th January 2018 The TSX-listed equity of Brio Gold jumped 50% on Tuesday following rising precious metals producer Leagold Mining's announcement of its intention to make a friendly $264-million all-scrip offer for the company by February 28. Leagold is making good on its promise to use the April 2017 acquisition... 

Tech revolution will see 'serious winners and losers', warns Davies

By: African News Agency      23rd January 2018 There will be "serious winners and losers" as a result of the Fourth Industrial Revolution and South Africa needs to be properly prepared and positioned to reap the benefits, or be saddled with the negative consequences. This was according to Trade and Industry Minister Dr Rob Davies who said... 

Fractured, complex world presents growth opportunities for South Africa

By: African News Agency      23rd January 2018 The fractured state of the world is an opportunity for South Africa to exploit if it can show a compelling growth story. This is according to Economic Development Minister Ebrahim Patel, who is in Davos for the World Economic Forum (WEF), as part of the South African delegation looking to... 

Copper production declined in first ten months of 2017 – ICSG

By: Schalk Burger     23rd January 2018 Worldwide copper mine production declined 2.6% in the ten months to October 2017, while concentrate production declined by 2.2% and production through solvent extraction-electrowinning declined by 4.3% in the same period, according to the intergovernmental copper body The International Copper... 

Agarwal plans to keep his Anglo American stake for a long time

By: Bloomberg     23rd January 2018 Anil Agarwal, the Indian commodities billionaire, said the rally in Anglo American vindicated his personal bet in the mining group, adding that he plans to own the shares for a long time. Agarwal surprised Anglo’s management last year when he took a 21% stake in the company, becoming its top... 

ADM has made takeover approach to Bunge – WSJ

By: Reuters     20th January 2018 Agricultural processing and trading company Archer Daniels Midland has proposed a takeover of Bunge, the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore in an industry moving towards consolidation. Bunge and other top grains... 

Eskom challenges need to be addressed urgently, or South Africa will sink – Gigaba

By: Megan van Wyngaardt     18th January 2018 Finance Minister Malusi Gigaba on Thursday painted a grim picture of the financial challenges facing power utility Eskom, stating that the national fiscus would be unable to bail the State-owned enterprise (SOE) out in the event of a default. Speaking at a pre-World Economic Forum (WEF)... 

WEF 2018 meeting to feature record number of world leaders

By: African News Agency      18th January 2018 A record number of heads of state, government and international organisations, as well as leaders from business, civil society, academia, the arts and media, are set to attend the World Economic Forum’s (WEF) 48th annual meeting taking place in Davos-Klosters, Switzerland, from January 23 to 26.... 

Vale could be 'natural' owner for Samarco, in talks with BHP

By: Reuters     17th January 2018 Brazil's Vale is in talks with BHP Billiton on options for their joint venture Samarco, and it may be easier for Vale to resolve that miner's problems as sole owner, a director of the Brazilian mining company said on Wednesday. "Maybe Vale would be a natural owner of Samarco, maybe it could make... 

South32 boasts record manganese, aluminium production in December quarter

By: Megan van Wyngaardt     17th January 2018 Triple-listed diversified miner South32 on Wednesday reported that, while it had achieved its guidance for all its operations during the three months to December 31, its South African manganese operations, in particular, exceeded expectations, owing to strong market demand. Saleable ore... 

GoldMining lifts global resource estimate with a million indicated ounces from Crucero

By: Henry Lazenby     17th January 2018 Americas-focused project developer GoldMining Inc has reported a new Canadian National Instrument 43-101-compliant resource estimate for its newly acquired Crucero project, in south-eastern Peru, adding about one-million ounces of gold in the indicated category to its global resource profile. The... 

Avanco takes option on Vale’s Pantera copper project

By: Megan van Wyngaardt     16th January 2018 ASX-listed Avanco has agreed terms for an option to acquire 100% of the Pantera copper project from Brazilian major Vale, with a payment of $500 000 paid upon signing. Located near Avanco’s existing operations in the Carajás mineral province, in Brazil, the 9 7000 ha Pantera licence has the... 

Brazilian miner Vale ordered to repair environmental damage

By: Reuters     16th January 2018 A Brazilian court on Monday ordered the world's largest iron-ore miner Vale to repair environmental damages its operations caused in land belonging to a community of descendants of escaped slaves in northern Brazil. Federal prosecutors announced the ruling in a statement that said the electricity... 

Harvest to expand Arapua fertiliser capacity

By: Henry Lazenby     15th January 2018 Brazil-focused fertiliser producer Harvest Minerals is planning a significant expansion at its Arapua fertiliser project, with the addition of four knife mills and associated infrastructure that will push production capacity above the 320 000 t/y level. The LSE Aim-listed company announced on... 

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