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Keliber raises €10m in share issue

By: Creamer Media Reporter      15th February 2019 Finland’s Keliber has raised more than €10-million through directed share issues to current shareholders and personnel of the company, with the Finnish Minerals Group now the company’s largest shareholder. The share issue directed to the current shareholders of the company was oversubscribed,... 

Agnico Eagle to open two new mines in 2019

By: Mariaan Webb     15th February 2019 With two new mines at Meliadine and Amaruq to start operations in 2019, Canadian gold miner Agnico Eagle is forecasting record gold production for the year, building on the 1.63-million ounces that the company’s mines in Canada, Finland and Mexico produced in 2018. The full-year production... 

Luxembourg Protocol can save South Africa billions – Rail Working Group

By: Natasha Odendaal     14th February 2019 The adoption of the Luxembourg Rail Protocol to the Cape Town Convention on International Interests in Mobile Equipment is expected to be a game changer for South Africa, said Rail Working Group chairperson Howard Rosen on Thursday. The treaty, which is expected to enter into force late in 2019,... 

Canadian explorer hits high-grade gold in Finland

By: Creamer Media Reporter      6th February 2019 News of high-grade gold intersects at the Aamurusko prospect, in northern Finland, sent Canadian explorer Aurion Resources’ share price up 27% on Tuesday. The TSX-V-listed explorer announced that it had intersected 42.28 g/t gold over 4 m in drill hole 82 and 24.50 g/t gold over 4.75 m about 56... 

Finland's Keliber investigating equity financing options for lithium project

By: Creamer Media Reporter      4th February 2019 Finland’s Keliber has appointed Carnegie Investment Bank and Nordea Bank as advisers for the equity financing for the company’s mining and lithium chemical production project. The advisers will explore different financing options, including a potential initial public offering through a listing... 

Zambian cement producer stocks up on critical spares from SEW-EURODRIVE (Pty) Ltd.

30th January 2019 A major cement producer in Zambia has not only standardised on products from SEW-EURODRIVE (Pty) Ltd., but has also invested significantly in a comprehensive stockholding of critical spare units to prevent any costly downtime and subsequent loss of productivity. The multimillion-rand order... 

How the cargo ship industry is cleaning up its filthy act

By: Bloomberg     18th January 2019 Air pollution from cars and factories has been regulated in much of the world since the 1970s. When it comes to the smoke-belching ships that carry global trade, the rules have been a lot looser. Big changes start next January, though, when long-debated standards from the International Maritime... 

Tripartite expo to cater for bigger PVP audience

By: Cameron Mackay     18th January 2019 The Pumps, Valves & Pipes Africa (PVP) 2019 international trade exhibition and conference is expected to welcome more than 10 500 industry professionals at this year’s event. The 2019 PVP Africa event, which will take place from June 11 to 13, in Johannesburg, at Gallagher Convention Centre, is... 

African countries urged to sign Luxembourg Protocol at Zimbabwe PIDA meeting

By: African News Agency      27th November 2018 African countries have been urged to sign the Luxembourg Protocol by Soteri Gatera, the chief of industrialisation and infrastructure at the Economic Commission for Africa (ECA). Gatera made the call during his presentation titled, ‘The Luxembourg Rail Protocol: Railway Rolling Stock Financing –... 

Enterprise Europe Network

By: Riaan de Lange     2nd November 2018 With all the nonsense packaged as news that you are subjected to – or, more correctly, bombarded with – on a daily basis, it is quite easy for you to get sucked in and to then not see the forest for the trees. You might be more familiar with the British adage, not see the wood for the trees,... 

Agnico Eagle hikes 2018 production guidance

By: Mariaan Webb     25th October 2018 Canadian gold major Agnico Eagle has again increased its gold guidance for 2018, adding another 200 000 oz to its production target for the year, following a strong operational third quarter. The NYSE- and TSX-listed miner now expects to produce 1.60-million ounces in 2018, up from its... 

BASF and Norilsk Nickel sign nickel and cobalt supply agreement

By: Creamer Media Reporter      22nd October 2018 Chemicals and cathode giant BASF has locked in a local source of feedstock for its European battery materials business, announcing on Monday that it had signed a long-term, market-based agreement with Russian miner Norilsk Nickel (Nornickel) for nickel and cobalt supply. The German group also... 

Amid falling platinum prices, PGM miners upping chrome ore production to improve profitability 

By: Nadine James     19th October 2018 Some platinum group metals (PGM) producers have become large producers of chrome ore to improve their profitability, says Kagiso Asset Management investment analyst Mandi Dungwa. South Africa is the world’s largest chrome producer, delivering more than half of the global ore supply in 2017, with... 

Alaris says US acquisition in line with strategy to expand globally

By: Natasha Odendaal     12th October 2018 JSE AltX-listed Alaris Holdings has signed an agreement to acquire US-based mWave Industries after receiving applying for and receiving unconditional Committee on Foreign Investment in the United States approval from the US government. The technology holding company concluded the final closing... 

Precast Concrete Faҫades Bring Buildings To Life

21st September 2018 Precast construction technology represents Finnish high-tech know-how at its best. The country’s professionalism in precast technology originates from its extensive application of this construction method. Testing innovative solutions and developing new products has been possible due to a solid... 

ABB equipment set for Kittilä gold mine in Finland

By: Tasneem Bulbulia     7th September 2018 The Kittilä mine has invested in multinational corporation ABB’s production and personnel hoists, and these are set to be installed and introduced at the mine during 2020/21 The ABB delivery includes one friction type production hoist with 2.5 MW of motor power and a 1.2 MW single drum personnel... 

Nordic amends gold purchase agreement with PFL Raahe

By: Marleny Arnoldi     7th September 2018 TSX-listed Nordic Gold Corporation said on Thursday that it had agreed to amend certain terms in the November 2017 pre-paid forward gold purchase agreement with PFL Raahe Holdings. The agreement provided Nordic with $20.6-million to restart the Laiva gold mine, in Finland.  

Topinoja biogas plant expansion, Finland

By: Sheila Barradas     7th September 2018 Gasum is expanding and modernising the Topinoja plant. 

Beowulf marks maiden resource milestone at Aitolampi

By: Creamer Media Reporter      13th August 2018 Aim-listed Beowulf has announced a maiden mineral resource estimate for its Aitolampi graphite project, which it believes has the potential to serve the developing battery manufacturing market in Finland and Sweden. The Aitolampi project, in eastern Finland, has an indicated and inferred mineral... 

South Africa falls to 37th on International Property Rights Index

By: Marleny Arnoldi     8th August 2018 South Africa is now ranked thirty-seventh in the global property rights rankings of the International Property Rights Index, with its score having declined from seven in 2017, when the country ranked twenty-seventh, to 6.35 this year. This is the largest decline by any country measured, mostly... 

IFC, Gaia partnership working to power Africa

By: Simone Liedtke     1st August 2018 World Bank Group member, the International Finance Corporation (IFC), has forged a new partnership with Moroccan renewable energy developer Gaia Energy to create a joint platform for the development of wind power and other renewable energy projects in Africa. Originally developed by Gaia Energy,... 

Agnico Eagle improves 2018 guidance, sees ‘enormous’ potential in Nunavut

By: Mariaan Webb     26th July 2018 Canadian gold major Agnico Eagle Mines has added 50 000 oz to its gold production guidance for 2018, after a strong operational performance from its mines during the June quarter. The NYSE- and TSX-listed miner, which operates in Canada, Finland and Mexico, increased its guidance to 1.58-million... 

Bluejay's Dundas may be attractive to Rio Tinto – analysts

By: Mariaan Webb     12th July 2018 The closure of Rio Tinto's South African subsidiary Richards Bay Minerals (RBM) as a result of violent protests this week, may play into the hand of London- and Frankfurt-listed Bluejay Mining, which is developing the Dundas ilmenite project, in Greenland. The project is said to be the... 

Corruption’s heavy toll

By: Martin Zhuwakinyu     6th July 2018 Picture this scene: you are driving along a road in suburban Johannesburg and a stern-looking cop pulls you over, informing you, as you wind down your window, that you have exceeded the speed limit or committed any of several traffic infractions. In a tone that can put the fear of God into any... 

Tanzania approves first large-scale wind farm project

By: John Muchira     6th July 2018 The authorities in Tanzania have granted Australian company Windlab approval to build a 300 MW wind farm, which is expected to contribute significantly to the country’s energy needs. This comes after Windlab's local subsidiary, Windlab Developments Tanzania, was awarded an environmental- and... 

Global Trade Show - Set to Surpass 2017 Success

29th June 2018 The Global Trade Show of Networking and Matchmaking South Africa 2018 (GTS2018) a leading business opportunities exhibition, is back for a second year in South Africa – bigger and better! The three-day event, which takes place from 27 to 29 July at Gallagher Convention Centre in Midrand,... 

SA tech firm eyes enhanced global growth as it tackles US market

By: Natasha Odendaal     29th June 2018 Home-grown technology group Alaris is targeting an increase of its share in the largest market it can enter as it pursues the acquisition of an undisclosed US company specialising in passive radio frequency and microwave antenna solutions. The group, through its UK subsidiary Alaris Investment... 

DFS opens door for Keliber to advance Finland lithium project

By: Creamer Media Reporter      15th June 2018 Exploration and development firm Keliber has published the results of a definitive feasibility study (DFS) for its lithium project, in Finland, confirming its financial and technical feasibility. The DFS endows the lithium project with a net present value, using an 8% discount, of €295-million,... 

Positive PEA indicates viability of Firesteel’s Laiva mine

By: Marleny Arnoldi     12th June 2018 TSX-V-listed Firesteel Resources on Tuesday announced the positive results of a preliminary economic assessment (PEA) at the company’s Laiva gold mine, in Finland.  

Boliden bets on battery boost as electrification gains traction

By: Bloomberg     12th June 2018 Boliden AB, the mining company that traces its roots to a 1920s gold discovery in northern Sweden, is preparing for a future where everything from boats to cars and its own machines run on electricity. Although the company’s mines mainly produce base metals needed for construction and... 

Transport Decarbonisation Alliance launched

By: Simone Liedtke     25th May 2018 The Transport Decarbonisation Alliance (TDA), a coalition aiming to catalyse the accelerated decarbonisation of the transport sector, was launched earlier this week in Leipzig, Germany, as part of the International Transport Forum (ITF). Rail transport company Alstom and partner companies, cities... 

Researchers suggest 100% renewable energy system is plausible

By: Nadine James     18th May 2018 A multinational group of researchers have co-authored a paper to demonstrate that there are no roadblocks to sourcing 100% of a country’s power supply from renewable sources. The researchers, from Germany’s Karlsruhe Institute of Technology, South Africa’s Council for Scientific and Industrial... 

Beowulf raises £1.5m for graphite and magnetite projects

By: Creamer Media Reporter      16th May 2018 Exploration company Beowulf Mining has raised £1.5-million for general working capital purposes and to support its graphite and magnetite activities. The proceeds were raised at 5p a share, said Beowulf, which owns the Kallak magnetite iron-ore project and the Åtvidaberg polymetallic exploration... 

Norway postpones decision on carbon capture plant, drops Yara

By: Reuters     15th May 2018 Norway postponed a final decision on whether to go ahead with a project to develop Europe's first industrial carbon capture and offshore storage (CCS) project, after dropping one of its participants, Yara International . The government said on Tuesday that fertiliser maker Yara's site, one of... 

Lionsgold share trading suspended following TRAC acquisition

By: Mariaan Webb     11th May 2018 Trading in the shares of Lionsgold on London’s Aim has been suspended on the basis that the recent acquisition of TRAC Technology is considered a “fundamental change of business”. The company’s ordinary shares will be suspended until it complies with the Aim’s Rule 14, which deals with reverse... 

Beowulf provides Aitolampi drilling update

By: Creamer Media Reporter      4th May 2018 Exploration and development company Beowulf Mining said on Friday that its latest drilling programme at the Aitolampi graphite project, in Finland, had confirmed the continuity of mineralisation between the holes drilled in 2017. CEO Kurt Budge reported that this year's drilling showed that... 

New funding triggers open call for project proposals

4th May 2018 Multi-donor fund, the Energy and Environment Partnership covering Southern and East Africa (EEP Africa) will launch an open call for proposals on innovative clean energy projects, technologies, and business models that require funding during the African Utility Week (AUW) to be held in Cape Town... 

Beowulf awards resource estimate, ESIA roadmap contracts

By: Marleny Arnoldi     2nd May 2018 Aim-listed exploration and development company Beowulf Mining has awarded a mineral resource estimate (MRE) contract for the Aitolampi graphite project, in Finland, to mining consultancy CSA Global. 

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