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Chilean court freezes sale of stake in lithium giant SQM to Tianqi

By: Reuters     12th October 2018 SANTIAGO – A Chilean court on Thursday suspended the sale of a coveted stake in lithium producer SQM to China's Tianqi Lithium, saying it will consider a lawsuit filed by the Chilean company's controlling shareholders, who oppose the deal. The lawsuit, filed on Wednesday, alleges a previous... 

Court says Colombia votes cannot block mining, oil projects

By: Reuters     12th October 2018 Colombia's constitutional court on Thursday ruled that local referendums that ban mining and oil extraction cannot halt energy projects, after a raft of votes spooked multinational companies. A wave of environmentally focused anti-mining referendums over the past 18 months have worried... 

Sierra Leone axes plan to build Chinese-funded airport

By: Reuters     12th October 2018 Sierra Leone's government has terminated a $400-million scheme to build a new airport with Chinese labour and loans, according to a letter written last week by the country's minister of transport and aviation, reviewed by Reuters. The plan – one of many Chinese infrastructure projects that have... 

Polymer Concrete Market Growing At 3.5% CAGR To Reach USD 600 Million By 2025

12th October 2018 According to a new research report by Global Market Insights, Inc. Polymer Concrete Market size is forecast to exceed USD 600 million by 2025. High polymer prices may prove to become a obstacle in the growth of the polymer concrete market. Few resins, fibers or acrylates that are added to the... 

TerraCom looks at increased output at BNU

By: Esmarie Iannucci     12th October 2018 oal junior TerraCom on Friday revealed the potential to expand production at its Baruun Noyon Uul (BNU) coking coal mine, in Mongolia, to three-million tonnes a year. TerraCom told shareholders that following an extensive exploration programme, the company has compiled a detailed execution plan... 

Malaysian minister offers to step down from review of Lynas rare earth plant

By: Reuters     12th October 2018 The Malaysian minister in charge of a committee reviewing Australian rare earth miner Lynas Corp's plant has offered to step down following company criticism that she would not be impartial. Malaysian Deputy Minister to the Prime Minister's Office Fuziah Salleh said in a statement on Friday that... 

Lithium leaders tout bright EV future after tough trading debut

By: Bloomberg     12th October 2018 The market for lithium will remain tight through 2025 as producers struggle to lift output fast enough to meet demand for the material that’s essential in making batteries for electric vehicles (EVs), according to the sector’s newest public company, Livent. “We think demand is going to grow... 

Congo miners seek concessions in new code as arbitration on hold

By: Bloomberg     12th October 2018 Miners in the Democratic Republic of Congo are seeking concessions under the nation’s new industry code and holding off challenging it through arbitration, in the hope they can still wring out a compromise in the world’s main source of cobalt and Africa’s biggest copper producer. Producers... 

Company offers new range of equipment

By: Halima Frost     12th October 2018 Power equipment and tool supply company Hire It launched its locally assembled range of small plant construction equipment, called Kwagga, following a need for cheaper and more readily available equipment by industry. Launched in August, Hire It sales director Richard Fraser says stock to the... 

Europe placed to contribute to African growth story

12th October 2018 Southern Africa is today off the radar of the majority of European companies and the many opportunities offered by the region are still largely ignored by European Union (EU) business leaders, professional consulting group European House Ambrosetti senior partner Paolo Borzatta said at a media... 

Wind body to request smoothing of procurement profile in IRP submission

By: Terence Creamer     11th October 2018 The South African Wind Energy Association (SAWEA) will appeal for a “smooth rolling procurement” of new wind-energy capacity in its response to the draft Integrated Resource Plan (IRP 2018) so as to close a three-year procurement gap in the current document. The Draft IRP 2018 was released on... 

China swoops in on Canadian oil that's $50 below US crude

By: Bloomberg     11th October 2018 Chinese oil buyers are making a beeline for a bargain across the Pacific. With Canadian oil over 60% cheaper than US benchmark West Texas Intermediate and global marker Brent, China’s refiners are being lured to the heavy, sludgy crude. That’s because – apart from being a source of fuel – it’s... 

Gold gets ignored as global equity rout fails to fire up havens

By: Bloomberg     11th October 2018 Equities are plummeting, President Donald Trump says the Federal Reserve’s gone ‘loco’ and the trade war’s heating up, yet traditional havens in times of trouble such as gold are not getting any love. The biggest selloff in equities since February rolled through Asia and into Europe on Thursday,... 

SQM controlling shareholder moves to block stake sale to China's Tianqi

By: Reuters     11th October 2018 The controlling shareholder in Chilean lithium producer SQM on Wednesday filed suit with Chile's Constitutional Court to block a deal allowing the sale of nearly one-fourth of the miner to China's Tianqi Lithium. The lawsuit alleges that Chile's antitrust court last week failed to follow due... 

South Africa gets $35bn in investment pledges towards $100bn goal

By: Reuters     11th October 2018 South Africa has investment commitments of $35-billion as part of plans by President Cyril Ramaphosa to attract $100-billion over the next five years to revive the country's flagging economy, his economic adviser told Reuters on Wednesday. Ramaphosa has appointed a team of investment envoys -... 

Alaska's Graphite Creek is potentially key to US defence industrial base

By: Mariaan Webb     10th October 2018 The Graphite Creek graphite project that TSX-V-listed Graphite One Resources is studying in Alaska could be a key source of supply for the US defence industry, which has recommended that the country reduce its import reliance for critical equipment and material. Commenting on the White House/US... 

Hydro CEO says focus on full output at Alunorte, no layoffs

By: Reuters     10th October 2018 Norway's Norsk Hydro is focused on a return to full output at its Alunorte alumina refinery in Brazil and is not contemplating layoffs there, CEO Svein Richard Brandtzaeg told Reuters on Wednesday. Hydro had said last week it would close down the world's largest alumina refinery and lay off 4... 

Trade rules need to address Chinese excess capacity – EU's Moscovici

By: Reuters     10th October 2018 Any rewrite of global trading rules must deal with the issue of excess industrial capacity in China, European Commission Economic Commissioner Pierre Moscovici said on Wednesday. "We absolutely need to address the issue of overcapacities in China. Nobody can say that this is not a problem. This... 

New equipment to boost PE port’s manganese export capacity by 1.8 Mt/y

By: Marleny Arnoldi     10th October 2018 Transnet Port Terminals (TPT) has taken delivery of the first two of four RAM rotating spreaders that are set to create an additional 1.8-million tons a year of capacity for manganese exports at its Port Elizabeth (PE) terminal. A further two spreaders will arrive from China at the end of... 

The battery boom created a new lithium superpower in China

By: Bloomberg     10th October 2018 With a ruined 13th Century castle, the Irish town of Carlow is an unlikely staging post in the super-charged rise of a key player in China’s push to dominate the global electric-vehicle revolution. Ganfeng Lithium Co. sent a team to the town -- a 90-minute drive southwest of Dublin -- in 2013,... 

The real cash cow in mining isn't metals. It's bad old coal

By: Bloomberg     10th October 2018 For all the bullish talk about metals of the future, miners are making some of their biggest profits from heavy-industry stalwart coal. Base metals from copper to zinc have tumbled this year, caught up as a proxy for trade fears and emerging market jitters. Meanwhile, coal has ground steadily... 

China aluminium exports to surge on trade war - CRU

By: Reuters     9th October 2018 Chinese aluminium exports are expected to surge in coming months and next year after Beijing boosted tax rebates as part of a package to soften the impact of a trade war with the United States, according to industry consultancy CRU. High Chinese exports of metals such as aluminium and steel in... 

More than 86% of businesses and organisations will use AI by 2025

By: Creamer Media Reporter      9th October 2018 By 2025, more than 86% of businesses and organisations will use AI, and data utilisation will reach 80%. AI services will be everywhere, creating an intelligent world that will reveal endless avenues of opportunity, according to the Global Connectivity Index (GCI) research by Huawei Technologies,... 

More than 86% of businesses and organisations will use AI by 2025

9th October 2018 By 2025, more than 86% of businesses and organisations will use AI, and data utilisation will reach 80%. AI services will be everywhere, creating an intelligent world that will reveal endless avenues of opportunity, according to the Global Connectivity Index (GCI) research by Huawei Technologies,... 

Is the reign of Glencore’s billionaire copper king near its end?

By: Bloomberg     9th October 2018 Aristotelis Mistakidis is one of the world’s most powerful commodity traders. For nearly 20 years, the brash, hyperactive Greek known to everyone simply as “Telis” has ruled over the global copper market, buying and selling enough of the red metal to supply every factory in the US twice over.... 

Woolworths to trial plastic bag free store

By: Reuters     9th October 2018 South African department store chain Woolworths Holdings will remove single-use plastic bags from one of its stores during a six-month trial period in a bid to end plastic pollution, it said on Monday. From November, Woolworths, which also has operations in Australia and New Zealand, will not... 

Technology cost assumptions used to produce IRP explained 

By: Terence Creamer     9th October 2018 An experienced electricity system modeller has corrected a suggestion that the draft 2018 Integrated Resource Plan (IRP 2018) uses levelised cost assumptions for the various generation technologies tested, explaining that overnight capital cost assumptions for each technology are key inputs. The... 

Altura ships first lithium

By: Esmarie Iannucci     9th October 2018 Lithium miner Altura Mining has shipped its first cargo of spodumene concentrate from Port Hedland to its offtake partner in China. The company on Tuesday said that some 5 000 t of spodumene concentrate was loaded onto the vessel MV Clipper Tenacious, which was shared with two other exporters. 

Gold nudges up on risk aversion amid China worries

By: Reuters     9th October 2018 Gold prices edged higher on Tuesday as risk appetite fell, with Asian stocks slipping to 17-month lows amid concerns over a potential slowdown in China's economic growth. Spot gold was up 0.2% at $1 189.58/oz at 07:15 GMT. On Monday, it fell 1.2%, its biggest one-day percentage fall since August... 

Chile eyes new copper markets to shield economy from trade war

By: Reuters     9th October 2018 Chile aims to find new copper markets and expand its lithium industry as it seeks to shield its economy from a US.China trade war, the mining minister of the world's biggest copper producer said on Monday. Baldo Prokurica also told Reuters the South American nation was considering further... 

Chinese delegation to witness proudly South African logging system 

By: Martin Creamer     8th October 2018 The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight during their visit into a South African borehole logging system that is poised to go... 

Northern produces first rare earth carbonate

By: Esmarie Iannucci     8th October 2018 Rare earths miner Northern Minerals has produced its first rare earth carbonate at its Browns Range pilot plant, in Western Australia. The production of the first final product followed the start of plant commissioning in June this year. 

Hydro restarts Brazil alumina refinery at half capacity

By: Mariaan Webb     8th October 2018 Norwegian aluminium company Norsk Hydro will restart its Alunorte alumina refinery, in Brazil, at 50% capacity, following approval by federal environmental agency IBAMA to use its press filter technology for processing bauxite residues. The “exceptional” authorisation, which was granted on... 

Vitol, Trafigura to bid for coal mines once owned by Guptas

By: Bloomberg     5th October 2018 Commodities traders Vitol Group and Trafigura Group have entered the bidding process for South Africa’s Optimum Coal, a miner under bankruptcy protection that was once controlled by the Gupta family. The interest from two of the biggest commodities trading houses underscores the strategic value... 

South Africa researching hydrogen storage for platinum-using fuel cells

By: Martin Creamer     5th October 2018 South Africa’s Council for Scientific and Industrial Research (CSIR) is researching innovative hydrogen storage technologies that have the potential to be key enablers of platinum-catalysed fuel cells, which generate clean electricity using hydrogen as a fuel and platinum as a catalyst. The... 

On-The-Air (05/10/2018) 

By: Martin Creamer     5th October 2018 Minerals Minister Gwede Mantashe this week made a strong call for price-hit platinum to be vigorously marketed; Desperately needed mineral exploration has received a major boost by being freed from regulatory red tape; and China is so impressed with South Africa’s mining investment codes that it... 

Kenya on course to develop nuclear energy, official says

By: Reuters     5th October 2018 Kenya's ambition of having a nuclear power plant is still on course and it hopes to build its first such facility in the next 12 to 15 years, a senior Energy Ministry official said on Friday. Joseph Njoroge, principal secretary for electricity, told Reuters the East African nation plans to turn... 

Lynas shares jump on Malaysia review comments

By: Reuters     5th October 2018 Shares in Australian rare earths miner Lynas Corp jumped 12% on Friday after Malaysia's prime minister downplayed the roles of two Lynas critics in an environmental review of its processing plant in the country. Concerns that Malaysia's newly elected government could close down Lynas'... 

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