http://www.engineeringnews.co.za
R/€ = 14.55 Change: 0.26
R/$ = 12.43 Change: 0.15
Au 1293.43 $/oz Change: 0.55
Pt 904.50 $/oz Change: 2.81
 

Topic

Goldcorp says Peru and Nevada would make portfolio perfect

By: Bloomberg     22nd May 2018 Goldcorp CEO David Garofalo says he’s happy with his company’s portfolio of assets, but that doesn’t mean he doesn’t have a wish list. In an ideal world, the company would have an asset in Nevada’s Carlin Trend. “If you’re an Americas-based gold company, you should be there. Barrick and Newmont... 

Tianqi Lithium picks up minority SQM stake for $4.07bn

By: Henry Lazenby     17th May 2018 Lithium producer Tianqi Lithium has secured a 24% stake in Sociedad Quimica y Minera de Chile (SQM) from crop nutrient producer and distributor Nutrien, for $4.07-billion. Nutrien's sale of its SQM holdings was required by the Competition Commission of India and Ministry of Commerce in China... 

Copper industry in crisis, new areas pursued

By: Jessica Oosthuizen     17th May 2018 The global copper industry is in crisis – traditional orebodies are becoming depleted and the commodity market has depressed the price of copper to such an extent that mining companies cannot afford to invest in expansion or new equipment, says foundry and engineering company Thos Begbie group... 

Aethon to acquire base metals project in Chile

By: Creamer Media Reporter      17th May 2018 TSX-V-listed Aethon Minerals has entered into an option agreement with private Chilean company Sociedad Legal Minera La Florida De Canela to acquire a 100% interest in the Llanos De Llahuin project, in Chile. The project is considered to have potential for a substantial copper/gold/molybdenum... 

Private firm takes on Codelco for control of Chile lithium deposit

By: Reuters     15th May 2018 A foreign-backed miner has sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims, according to a lawsuit filed in March that will be carefully watched by potential investors being courted by the country's new government. The little-known and remote... 

Logicalis to acquire Coasin Chile for $20m

By: Natasha Odendaal     15th May 2018 A subsidiary of Logicalis is acquiring Chilean information and communications technology services and solutions provider Coasin Chile for up to $20.2-million in cash, parent company JSE-listed Datatec said on Tuesday. Logicalis, which expects to complete the deal in the third quarter of this... 

DST committed to making inroads despite tight budget

By: Kim Cloete     9th May 2018 The Department of Science and Technology will be working on a tight budget of R7.8-billion this year, but hopes to make inroads in programmes and innovations across South Africa. The money will be used to address transformation, through key research, development and support initiatives.  

Chile copper output up 18.9% in first quarter 2018 – Cochilco

By: Reuters     9th May 2018 Chile's copper production increased 18.9% in the first quarter of 2018 from the same period a year earlier, Chilean copper commission Cochilco said on Tuesday. Production this year was boosted by a low basis for comparison following an historic strike last year at BHP's Escondida copper mine, the... 

Private firm takes on Codelco for control of Chile lithium deposit

By: Reuters     9th May 2018 A foreign-backed miner has sued Chile to block State-run Codelco from exploiting a lithium deposit where both have claims, according to a lawsuit filed in March that will be carefully watched by potential investors being courted by the country's new government. The little-known and remote... 

Kinross reports knock-out Q1 profit

By: Henry Lazenby     9th May 2018 Canadian multinational gold producer Kinross Gold has reported a 435% jump in headline profit for the three months ended March 31, as 30% higher year-on-year margins and a decrease in depreciation, depletion and amortisation boosted the bottom line. Adjusted net earnings increased to... 

Goldman Sachs maintains buy rating on Glencore

By: Marleny Arnoldi     4th May 2018 Diversified miner Glencore’s strong production growth has prompted investment banking and management firm Goldman Sachs to maintain its buy rating on Glencore.  

MGX looking forward to booking first revenue by Oct as commercial petrolithium plants deploy

By: Henry Lazenby     28th April 2018 Budding energy metals producer MGX Minerals is looking forward to generating its first revenues later this year as the first commercial petrolithium extraction systems deploy to sites in Utah and Alberta. “It’s a liability until it becomes an asset,” president and CEO Jared Lazerson says of the... 

Chile copper mine Escondida says no early wage agreement reached

By: Reuters     26th April 2018 Chile's Escondida, the world's largest copper mine, said on Thursday that early contract talks with its workers' union ended without an agreement, setting the stage for legally scheduled negotiations to begin in June. The union representing workers at the mine, which is controlled by BHP told... 

Antofagasta Q1 copper output down 10.5%

By: Reuters     25th April 2018 Chilean-focused Antofagasta said first quarter copper production fell by 10.5% to 153 800 t compared with the same quarter a year ago, mainly because of lower quality ore, but kept full-year output guidance unchanged. The issue of ore quality in mature copper regions, especially Chile, the... 

Union at BHP's Escondida copper mine in Chile says no advance deal likely

By: Reuters     25th April 2018 The union of workers at BHP's Escondida copper mine, in Chile, the world's largest, told Reuters on Tuesday it had made little progress on an early contract deal with management, making it "highly likely" that no agreement would be struck before official talks begin in June. The union accepted... 

Anglo reports 4% increase in Q1 production

By: Anine Kilian     24th April 2018 Diversified miner Anglo American on Tuesday reported a 4% year-on-year increase in total production on a copper equivalent basis in the first quarter ended March. The company had a “solid start to 2018”, despite the suspension of operations at the Minas-Rio mine, in Brazil, CEO Mark Cutifani said. 

Chile's Copec to buy stake in copper project in Peru

By: Reuters     24th April 2018 Chilean industrial conglomerate Empresas Copec said on Monday it had reached an agreement with Peru's Minsur to buy a 40% stake in a holding company that owns a Peruvian copper mine project for $168.5-million. Minsur will retain 60% ownership in Cumbres Andinas, the company that controls the... 

Barrick beats Q1 earnings call; halves debt in 3yrs

By: Henry Lazenby     24th April 2018 Canadian mining major Barrick Gold's Porgera Joint Venture mine, in Papua New Guinea, is still operating at only 25% of capacity following a 7.5 magnitude earthquake that struck the island on February 26, the company announced on Monday in its first-quarter earnings release. The earthquake... 

Banchile auctions 1.5m shares in Chile's SQM, raises $76m

By: Reuters     21st April 2018 Brokerage firm Banchile on Friday auctioned 1.5-million series-A shares in Chile lithium miner SQM at a sale price of 30 000 pesos ($50.36) per share, raising a total of $76-million. SQM, which operates primarily in Chile's Salar de Atacama, is one of the world's largest and most cost-efficient... 

Cochilco forecasts Chile's 2018 copper output up 4.3%

By: Reuters     21st April 2018 Chilean copper commission Cochilco forecast on Friday that Chile would produce 5.76-million tonnes of the red metal in 2018, up 4.3% from 2017, while estimating copper prices at $3.06 per pound this year. The projections follow a difficult year for the world's top copper producer in 2017, after... 

Bolivia nearing deal on partner to develop lithium – Minister

By: Reuters     20th April 2018 Bolivia's energy minister said on Thursday the government would pick a partner to develop the country's ample lithium resource "in coming days" after narrowing the field of candidates to two firms from Russia and Germany. The South American nation hopes to sign a deal with a foreign partner after... 

Latin America the leading region in new global wave of exploration

By: Rebecca Campbell     20th April 2018 Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices for aluminium, copper, zinc, nickel, lead, palladium and, more modestly, gold,”... 

BHP cuts guidance at Olympic Dam and Pilbara iron-ore ops

By: Esmarie Swanepoel     19th April 2018 Mining giant BHP has reduced its full-year production expectations for its Pilbara iron-ore operations, as well as the Olympic Dam mine, in South Australia. The miner on Thursday reported a 6% drop in iron-ore production during the three months to March, compared with the previous quarter,... 

Relations sour at giant copper pit with automation looming

By: Bloomberg     19th April 2018 Just as labour tensions ease at BHP Billiton’s giant Escondida mine, the copper industry has another iconic mine to worry about. Relations between the world’s largest copper producer, Codelco, and unions in its Chuquicamata division have reached the lowest point in years as the mine transitions... 

Chile's SQM says lithium industry needs at least $10bn investment over 10 yrs

By: Reuters     18th April 2018 The global lithium industry will need $10-billion to $12-billion of investment over the next decade to meet surging demand amid the electric vehicle boom, an executive of Chilean miner SQM said on Wednesday. Demand for the metal is set to grow by 600 000 t to 800 000 t of lithium carbonate... 

Rio Tinto lifts iron, bauxite and copper output, warns sanctions could impact aluminium

By: Esmarie Swanepoel     18th April 2018 Diversified giant Rio Tinto has reported production increases at its iron-ore, bauxite and copper divisions, while warning shareholders that US sanctions against Russian companies could impact aluminium production in 2018. “We delivered a solid operational performance across most commodities in... 

Same-day delivery to be the norm by 2022, survey finds

By: Anine Kilian     13th April 2018 Manufacturers, transportation and logistics firms and retailers are moving to meet the growing needs of the on-demand economy, in which the online buying, smartphone-wielding consumer expects a seamless, faster purchasing journey, a global survey has shown. The ‘Future of Fulfilment Vision... 

SA firm’s high-capacity air hoists making inroads into global oil and gas, marine sectors

By: Schalk Burger     13th April 2018 Industrial pneumatic equipment manufacturer ATS 2000 is reporting significant demand for its high-capacity air hoists in the international oil and gas market and for industrial and marine applications, says ATS 2000 MD Glenton Rebello. The company has manufactured four 60 t air hoists at its... 

Global silver output falls 4.1% in 2017, as industrial demand ramps up – GFMS

By: Henry Lazenby     12th April 2018 A new survey by the GFMS team at Thomson Reuters has found that global silver output had fallen 4.1% in 2017 to 852.1-million ounces. Prepared by GFMS, the report found that total physical demand of 1.02-billion ounces was 25% lower year-on-year, signalling that the tightening of the... 

Lava in lab studies could lead miners to new iron-ore deposits

By: Marleny Arnoldi     12th April 2018 A study on iron-ore deposits has found that some magmas split into two separate liquids – one of which is rich in iron – and could lead to the discovery of new iron-ore deposits.  

Gold Fields to make decision on Chile gold mine next year

By: Reuters     12th April 2018 South African miner Gold Fields will complete preparatory work in 2019 at its Salares Norte project, in northern Chile, and is eyeing potential output of around 345 000 oz/y of gold at the site by the early 2020s, a company executive said. Gold Fields will decide whether to give the go-ahead for... 

Metso sees South American revenue rising as mining rebounds

By: Reuters     12th April 2018 Mining equipment maker Metso Oyj expects to increase its revenue in South America excluding Brazil by 15% to 20% a year over the next two to three years as higher metals prices spur mining activity, a company executive told Reuters. Eduardo Nilo, VP of Metso's operations in South America,... 

Miners urge new Chile government to give exploration a boost

By: Reuters     12th April 2018 Copper mining industry leaders meeting in Santiago this week called on Chile's month-old government to open up exploration or risk losing investment as companies hunt elsewhere for new projects. Chile produces around a third of the world's copper, making it by far the biggest exporter of the... 

Ecuador may eliminate windfall mining tax this – minister

By: Reuters     12th April 2018 Ecuador could remove a hotly debated windfall tax on the mining sector this year, its mining minister told Reuters on Wednesday, as the cash-strapped South American country seeks to boost foreign investment and diversify away from oil. The tax, which went into effect in 2009 under former leftist... 

Collahuasi says to slash costs to under $1/lb in 2018

By: Reuters     11th April 2018 Chilean miner Collahuasi said on Tuesday it expected to slash production costs to under $1/lb of copper this year as it boosts output and uses efficiency measures to optimise operations. Collahuasi, owned by Anglo American and Glencore, is a copper mine located in northern Chile and is among the... 

Teck lifts Quebrada Blanca Phase 2 ownership to 90%

By: Henry Lazenby     5th April 2018 Canadian diversified miner Teck Resources has bought out a further 13.5% minority stake in the Quebrada Blanca Phase 2 (QB2) project, in Chile, for $52.5-million in cash by acquiring private Chilean company Inversiones Mineras (IMSA), the company said on Wednesday. The transaction lifts Teck’s... 

Revitalised demand growth to buttress molybdenum prices

By: Reuters     4th April 2018 Healthy demand for molybdenum rich stainless steel, especially from the oil and gas industry, plus sluggish supply growth are expected to keep the price of this minor metal riding high. Molybdenum prices at nearly $13/lb are at their highest since 2014, having more than doubled since December 2015. 

Caserones copper mine in Chile says to close copper concentrator

By: Reuters     4th April 2018 Caserones copper mine, in Chile, said on Tuesday that it would temporarily shut down its copper concentrator in order to replace a leaking pipe. The Environmental Tribunal of Antofagasta, a province of Chile's northern mining region, asked Lumina Copper, which owns the mine, to shut down the... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close