http://www.engineeringnews.co.za
R/€ = 15.85 Change: 0.04
R/$ = 13.97 Change: 0.05
Au 1331.05 $/oz Change: -4.52
Pt 843.94 $/oz Change: 20.53
 

Topic

Fourteen NGOs oppose LME plans to ban tainted cobalt

By: Reuters     Updated 3 hours ago Fourteen non-governmental organisations (NGOs) including Amnesty and Global Witness have opposed plans by the London Metal Exchange to ban cobalt tainted by human rights abuses, a letter seen by Reuters showed. Cobalt is a key ingredient in the batteries that power electric vehicles, a... 

African cobalt to continue dominating EV battery space – consultant

By: Tasneem Bulbulia     21st February 2019 Africa will continue to play a dominant role in the supply of cobalt for use in electric vehicle batteries, says Core Consulting MD Lara Smith. Speaking at a South African Institute of Mining and Metallurgy (SAIMM) breakfast seminar, in Johannesburg, on Thursday, she indicated that, from an... 

Idaho cobalt project development stalled by weak near-term price outlook

By: Mariaan Webb     20th February 2019 TSX-listed eCobalt Solutions has announced cost control measures to preserve its treasury, until the cobalt market recovers sufficiently to raise the necessary funding required for the advanced-stage Idaho cobalt project (ICP) in the US. The company will be reducing its overhead costs so that... 

AfDB optimistic about Eskom’s turnaround prospects

By: Terence Creamer     19th February 2019 The African Development Bank (AfDB), which has extended billions of rands in loans to Eskom, says it is optimistic the actions being taken to turnaround the embattled South African power utility will bear fruit. Power, energy, climate and green growth complex VP Amadou Hott told Engineering News... 

Buybacks and bumper profits on the cards as mining giants report

By: Bloomberg     18th February 2019 A surge in iron-ore prices is fueling hopes for bigger returns and a share-buyback spree as the world’s top miners prepare to report results. BHP, Rio Tinto, Glencore and Anglo American are expected to announce bumper profits over the next two weeks. So far, the biggest producers have remained... 

Nevada like Witwatersrand of 1970s – Bristow 

By: Martin Creamer     15th February 2019 Nevada is like the Witwatersrand of the 1970s, says new Barrick Gold president and CEO Dr Mark Bristow, whose Randgold Resources is now merged into Barrick to form the world’s biggest gold mining company, which is also an extractor of copper, a metal that Bristow sees as “another gold”. The brand... 

On-The-Air (15/02/2019) 

By: Martin Creamer     15th February 2019 African countries are streaking ahead of South Africa on the mining automation front; mining companies are opting for solar power because it is cheaper than Eskom power; and only black-owned companies will be allowed to buy the seven mining operations that are up for sale in Mpumalanga.... 

Barrick’s Loulo gold mine going solar

By: Martin Creamer     14th February 2019 As part of its cost-reduction me and drive to manage its carbon footprint, the Loulo-Gounkoto gold mine is to install a 24 MW off-grid solar hybrid plant to support its existing 63 MW thermal power station, by harnessing Mali’s abundant solar resource. The 24MW off-grid solar plant has the... 

Barrick advancing autonomous gold production – Bristow 

By: Martin Creamer     14th February 2019 Autonomous production systems and projects are being advanced across Barrick Gold as the group focuses on boosting mining efficiency, new Barrick president and CEO Dr Mark Bristow tells Mining Weekly Online. This is part of an all-out drive by Bristow to ensure that Barrick, into which Randgold... 

Bristow snaps into fast action wearing Barrick crown 

By: Martin Creamer     13th February 2019 Dr Mark Bristow has snapped into fast action wearing the Barrick crown. His Randgold Resources, which now falls under the Barrick Gold umbrella, on Wednesday bowed out with panache when it declared a 35% dividend increase to $2.69 a share, buoyed by record production of 807 000 oz of gold at the... 

Cobalt's price crash bottoming out, stocks to hinder quick rally

By: Reuters     12th February 2019 Cobalt's near year-long price slide is finally coming to an end, but high inventories of the battery metal will stop prices quickly re-claiming 2018's 10-year highs. London Metal Exchange prices have crashed to two-year lows of $32 000/t compared with levels near $100 000 in the first half of 2018. 

Nzuri finds funding for Kalongwe

By: Esmarie Iannucci     12th February 2019 Copper junior Nzuri Copper has secured a loan facility of A$3-million from major shareholder Tembo Capital Mining, to advance its Kalongwe copper/cobalt project, in the Democratic Republic of Congo. The unsecured loan will have a maturity date of nine months once the definitive agreement has... 

Matric pass rate improves, but …

By: Martin Zhuwakinyu     8th February 2019 Our 2018 matriculants – those who wrote the National Senior Certificate (NSC) exams and those who attended schools affiliated with the Independent Examination Board (IEB) alike – deserve a huge pat on the back for doing the nation proud. The NSC pass rate was 78.2% last year, a significant... 

Fourteen NGOs oppose LME plans to ban tainted cobalt

By: Reuters     7th February 2019 Fourteen nongovernmental organisations (NGOs) including Amnesty and Global Witness have opposed plans by the London Metal Exchange to ban cobalt tainted by human rights abuses, a letter seen by Reuters showed. Cobalt is a key ingredient in the batteries that power electric vehicles, a... 

Congo 2018 copper output up 12.9% to 1.2Mt – Chamber of Commerce

By: Reuters     6th February 2019 Copper production in Democratic Republic of Congo, Africa's top producer, rose 12.9% in 2018 to 1.2-million tonnes, the Chamber of Commerce said in a presentation on Wednesday. Output of cobalt, a key component of electric car batteries, rose 43.8% to 106 439 t, while gold production increased by... 

Working together can deliver mining’s massive benefits – Friedland 

By: Martin Creamer     6th February 2019 Mining can and will deliver massive benefits if all stakeholders work together, Ivanhoe Mines executive co-chairperson and founder Robert Friedland said on Wednesday Speaking on the third day of the Investing in African Mining Indaba, he outlined the huge potential of collaborative government,... 

Energy megaprojects on South Africa's radar as utility falters

By: Bloomberg     5th February 2019 South Africa is looking to spend-billions of rand to secure energy from megaprojects on the continent at a time when state power utility Eskom is broke and struggling to supply enough electricity. The government has signaled a willingness to buy 5 000 MW of power from a planned $18-billion... 

Subdued construction activity, higher imports cut PPC's sales volumes

By: Marleny Arnoldi     5th February 2019 JSE-listed cement producer PPC has reported difficult trading conditions for the nine months to December 31, 2018, with cement volumes down between 2% and 3%, against a backdrop of estimated market contraction of between 4% and 5%. The company said an uncharacteristically weak December retail... 

Underlying demand growth remains a boon for cobalt and copper – ERG

By: Tasneem Bulbulia     1st February 2019 While many industrial commodities fell victim to geopolitical and macroeconomic woes in 2018, Eurasian Resources Group (ERG) CEO Benedikt Sobotka expects to see a strong upside for cobalt and copper this year as underlying demand rallies. With some additional volatility expected ahead, the severe... 

Katanga advances cobalt debottlenecking project  

By: Tasneem Bulbulia     1st February 2019 Katanga Mining, which is a subsidiary of diversified major Glencore, says its cobalt debottlenecking project is progressing on schedule. In an update to shareholders published on Friday, the Democratic Republic of Congo-based company said three new filter presses, a magnesium oxide reagent plant... 

Glencore’s FY18 copper, cobalt output up on restart of Katanga processing operations 

1st February 2019 Diversified miner Glencore on Friday reported an 11% year-on-year increase in its copper production and a 54% year-on-year increase in its cobalt output, mainly as a result of the restart of Democratic Republic of Congo- (DRC-) based subsidiary Katanga Mining’s processing operations in late 2017.... 

SA passport among Africa’s ‘strongest’

By: Martin Zhuwakinyu     1st February 2019 A couple of weeks back, I mentioned in this couple that the African Union will this month be providing details of its plans to launch a pan-African passport as part of its efforts to improve the free movement of people on the continent. The benefits of such a move will be immense; they will... 

Ivanhoe reports ‘unprecedented’ copper intersection in the DRC 

By: Creamer Media Reporter      31st January 2019 The Kamoa North prospect area has delivered an “unprecedented” 22.3-m intersection of 13.05% copper in a thick, flat-lying deposit, sending Canada’s Ivanhoe Mines share price up 10% on the TSX on Wednesday. The new drill hole at the Democratic Republic of Congo-based project includes grades of... 

Kibali achieves success across the board; above production guidance

By: Tasneem Bulbulia     29th January 2019 The Kibali gold mine, in the Democratic Republic of Congo (DRC), produced 807 251 oz of gold in 2018, above its target of 750 000 oz and 35% higher than its output in the previous year. This was achieved on the back of the successful ramp-up in underground production and a steady improvement in... 

Kola gets $2.1bn price tag

By: Esmarie Iannucci     29th January 2019 The Kola potash project, in the Republic of the Congo (also known as Congo-Brazzaville), is expected to cost $2.1-billion to develop, triple-listed Kore Potash said on Tuesday. The ASX-, JSE- and Aim-listed company revealed that Kola would have a nameplate capacity of 2.2-million tonnes a year of... 

SAIIA, Brookings launch Foresight Africa report   

By: Sane Dhlamini     28th January 2019 The South African Institute of International Affairs (SAIIA) and the Brookings Institution’s Africa Growth Initiative (AGI) launched the Foresight Africa report on Monday, in Johannesburg, highlighting the top priorities for the continent in 2019.  AGI senior fellow and director Brahima Coulibaly... 

Barrick CEO on Zambia tax dispute: Threats don't solve problems

By: Bloomberg     25th January 2019 Barrick Gold’s new CEO, Mark Bristow, said his company is seeking solutions to a dispute over mining taxes in Zambia. “We’re engaged with the government in a constructive way,” he told reporters at a press conference in the Ivory Coast’s economic capital, Abidjan. “We don’t believe that... 

Ivanhoe welcomes new DRC President Felix Tshisekedi

By: Marleny Arnoldi     25th January 2019 TSX-listed Ivanhoe Mines on Thursday welcomed the inauguration of Felix Tshisekedi as President of the Democratic Republic of Congo (DRC). “On behalf of everyone at Ivanhoe, we congratulate Tshisekedi and we salute the people of [the] DRC for their insistence on a peaceful and democratic... 

Expanded products portfolio leads to new opportunities

By: Cameron Mackay     25th January 2019 New markets and opportunities have arisen after technical solutions provider BMG expanded its products portfolio with the addition of Fenner conveyor belting products last year. “BMG decided to sign a long-term agreement in 2018 with polyvinyl chloride (PVC) solid woven conveyor belting products... 

Growth forecast for sub-Sahara

By: Martin Zhuwakinyu     25th January 2019 In last week’s instalment of this column, I took issue with African institutions’ not-so-golden silence while rogue governments on the continent ride rough-shod over their citizens. One of the examples I mentioned was the Democratic Republic of Congo (DRC), where Presidential and Parliamentary... 

UCT researchers selected for research hubs to address global challenges

By: Sashnee Moodley     24th January 2019 Funding agency United Kingdom Research and Innovation (UKRI) and the Global Challenges Research Fund (GCRF) have selected University of Cape Town (UCT) researchers to establish research hubs at UK universities, to tackle some of the development challenges facing the world. The hubs offer five... 

AVZ eyes A$10m capital raise

By: Esmarie Iannucci     24th January 2019 ASX-listed junior AVZ Minerals is hoping to raise up to A$10-million through an underwritten share purchase plan (SPP) to advance its Manono lithium and tin project, in the Democratic Republic of Congo. The SPP will be underwritten to A$5-million by Patersons Securities, with the shares to be... 

Vodacom’s strong international operations offset South Africa’s lagging performance 

By: Natasha Odendaal     24th January 2019 JSE-listed Vodacom’s international operations have boosted the group’s financial performance in the quarter ended December 31, 2018, after a dip in the South African operations. The group’s revenue was up 1.5% to R23-billion and service revenue increased by 2.4% to R18.9-billion, while group data... 

Jervois to acquire M2 Cobalt to propel its East African ambitions

By: Marleny Arnoldi     22nd January 2019 ASX-listed Jervois Mining will acquire TSX-V-listed M2 Cobalt as it seeks to gain a foothold in East Africa. Under the terms of the agreement, each common share of M2 will be exchanged for one common share of Jervois. This represents an implied offer price of C$0.262 apiece, based on the closing... 

ERG to pilot blockchain-based solution to enhance provenance, traceability of cobalt

By: Simone Liedtke     21st January 2019 Global Battery Alliance (GBA) founding member Eurasian Resources Group (ERG) will be piloting a blockchain-based solution based on the IBM Blockchain Solution, to enhance the provenance and traceability of cobalt in the metal’s supply chain. Following the announcement on Monday, ERG explained in... 

China Moly to increase stake in Congo's Tenke copper mine to 80%

By: Reuters     18th January 2019 China Molybdenum Co said on Friday it had agreed to buy a holding company for $1.14-billion in order to increase its control in Democratic Republic of Congo's massive Tenke copper mine. China Moly, already the majority owner of Tenke, will have an 80% stake in the mine after the acquisition of... 

Katanga appoints new CEO, CFO after signing management services agreement with Glencore International 

By: Tasneem Bulbulia     18th January 2019 Katanga Mining has entered into a management services agreement with Glencore International, to better reflect the integrated nature of Katanga’s and Glencore International’s businesses and enhance existing controls. Glencore International is a subsidiary of Glencore. 

SEW-EURODRIVE gear units used in OEM projects

By: Khutso Maphatsoe     18th January 2019 Local original-equipment manufacturer (OEM) Wamechsi Group uses products from automation and drive specialist SEW-EURODRIVE South Africa for a range of wastewater treatment plants it has built in the country. This standardization is largely owing to the quality and reliability of the German... 

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