http://www.engineeringnews.co.za
R/€ = 15.54 Change: 0.01
R/$ = 13.23 Change: -0.01
Au 1285.74 $/oz Change: -0.38
Pt 976.00 $/oz Change: -1.50
 

Topic

Qld zinc mine ‘well timed’, production brought forward – MMG

By: Esmarie Swanepoel     Updated 44 minutes ago First production from the $1.4-billion Dugald River zinc project, in Queensland, has been brought forward from the first half of 2018 to late 2017, as the project development advances ahead of schedule. ASX-listed MMG CEO Jerry Jiao on Wednesday said that with production of about 170 000 t/y of... 

Saracen increases profits in FY2017

By: Esmarie Swanepoel     Updated 48 minutes ago Gold miner Saracen Mineral Holdings has reported a 10% increase in net profits after tax for the full year ended June, while earnings before interest, tax, depreciation and amortization (EBITDA) rose by 54%. Saracen on Wednesday reported net profits after tax of A$28.4-million, compared with the... 

Santos redeems notes

By: Esmarie Swanepoel     Updated 1 hour ago Oil and gas major Santos will redeem its €1-billion subordinate notes issued in 2010, in line with a strategic focus to reduce debt and costs, and on prudent capital management. The notes to be redeemed are Santos’ most expensive debt instrument, and replacing it with more efficient long-term... 

Northern Star reports record profit

By: Esmarie Swanepoel     22nd August 2017 Gold miner Northern Star Resources on Tuesday reported a 42% increase in net profit after tax for the year ended June, as the company’s organic growth strategy continued to deliver. Net profit increased to a record A$215.3-million, while earnings before interest, tax, depreciation and... 

BHP announces US shale exit, profit jumps to $5.8bn

By: Esmarie Swanepoel     22nd August 2017 Mining major BHP has heeded investors’ calls to exit its shale gas business, announcing on Tuesday that it would sell the US onshore assets that it had bought for $20-bilion five years ago. BHP, which has come under pressure from activist shareholders over its US shale investment, said it had... 

Sasol turns to courts after Sars slaps it with tax bills worth R12.8bn 

By: Terence Creamer     21st August 2017 JSE-listed energy and chemicals group Sasol will approach the Supreme Court of Appeal (SCA) to resolve a tax dispute with the South African Revenue Service (Sars), which has slapped it with assessments for outstanding tax liabilities and penalties worth R12.8-billion. The company made a... 

Turkish firms set for $64bn spending spree to leave home

By: Bloomberg     21st August 2017 Robert Yuksel Yildirim had barely been at the family’s construction-materials business a year before the company won its first international contract. Now, it’s a conglomerate with interests in mining, ports and chemicals across 28 countries. Twenty four years after the deal to import coal... 

Strong operating recovery as AngloGold sets new safety record

By: Martin Creamer     21st August 2017 Production of 1.748-million ounces after strong second-quarter recovery has put AngloGold Ashanti virtually at the halfway mark to meet full year guidance, CEO Srinivasan Venkatakrishnan said on Monday in presenting the company’s half-year results that also saw full-year cost guidance remain... 

Scotgold submits planning application for revised operations

By: Mariaan Webb     18th August 2017 The Loch Lomond and Trossachs National Park Planning Authority has confirmed receipt and has validated Scotgold’s application for revised operations at the Cononish gold and silver project, in Scotland. The validation defines the start of the statutory determination period, Aim-listed Scotgold... 

Explorer overcomes funding crunch, targeting first gold pour at Mali project by year-end

By: Ilan Solomons     18th August 2017 It is common knowledge that securing investment for exploration projects, particularly for junior operators, has been “extremely challenging”, owing to the current tepid global economic climate and low commodity prices, emerging gold miner Hummingbird business development head Robert Monro tells... 

Modern materials handling systems support operational improvements

By: Robyn Wilkinson     18th August 2017 With the Internet of Things driving large-scale automation and data exchange in manufacturing technologies, drive engineering company SEW-EURODRIVE South Africa national sales manager Norman Maleka believes that materials handling systems will become increasingly integral for improving... 

Project aids community development

By: Marleny Arnoldi     18th August 2017 With 70% of the R370-million Cornubia Interchange project complete, construction design and engineering services provider Royal HaskoningDHV and the eThekwini roads provision department say the project is likely to be completed in January next year.  

It’s time for industry to stand up – Holland

By: Natasha Odendaal     17th August 2017 Dual-listed Gold Fields will oppose the new Mining Charter Three “with everything its got” as the mining industry stands firm in the standoff with the Department of Mineral Resources (DMR). Backing the action taken by the Chamber of Mines (CoM), Gold Fields CEO Nick Holland on Thursday said that,... 

Manufacturing sector slows Q2 spending, Q3 outlook more promising

By: Natasha Odendaal     16th August 2017 While the manufacturing sector slowed its overall investment during the second quarter of the year, there are indications of a recovery in the third quarter, new data released by the Manufacturing Circle suggests. The latest Manufacturing Composite Investment Tracker (MCIT) shows continued –... 

Bushveld Energy, IDC studies indicate favourable vanadium battery, electrolyte demand

By: Mia Breytenbach     16th August 2017 There is favourable demand for vanadium redox flow batteries (VRFBs), particularly in the utility and offgrid, as well as minigrid markets, with demand to peak in 2025 to 2030. This is according to recently concluded market studies, commissioned by Aim-listed Bushveld Minerals’ energy subsidiary... 

Technology set to unleash mining innovation – Anglo’s O’Neill

By: Martin Creamer     16th August 2017 In the next ten years, technology is set to unleash a wave of mining innovation, with the sweet spot centred on changing the thinking around orebodies and processing plants rather than much-spoken-about automation. “Our focus has changed from hunting technologies to hunting value,” Anglo American... 

Woodside profits surge in H1

By: Esmarie Swanepoel     16th August 2017 ASX-listed Woodside Energy has reported a 49% increase in half-year net profit after tax to $507-million, as production reached 42.2-million barrels of oil equivalent. Production for the first half of 2017 was slightly lower than the 45.9-million barrels of oil equivalent reported in the... 

Sierra Rutile bribery scandal unlikely to affect Iluka operations

By: Esmarie Swanepoel     16th August 2017 ASX-listed mineral sands miner Iluka said on Wednesday that a bribery scandal at its recently acquired Sierra Rutile operations, in Sierra Leone, was unlikely to have a material impact on the company. Reports emerged this week that Iluka had uncovered suspected bribe payments made by... 

Enclosed Bulk Bag Discharger

     16th August 2017 A new BULK-OUT™ Model BFC Bulk Bag Discharger features an enclosure to contain errant dust escaping through the seams or fabric of bulk bags when working with unlined bags. White polymer panels enclose the sides, rear and top of the frame, while clear panels on four hinged access doors allow... 

Paulson and other hedge funds rewarded as angst fuels gold

By: Bloomberg     15th August 2017 Hedge-fund managers including billionaire John Paulson are being rewarded as investor worries over everything from uneven economic data to US-North Korean tensions fuel a rally in bullion. At the end of June, Paulson & Co. owned 4.36-million shares of SPDR Gold Shares, a US government filing... 

Outa lays corruption charges against former Eskom board director 

By: African News Agency      15th August 2017 The Organisation Undoing Tax Abuse (Outa) has laid a criminal complaint with the police against former Eskom director, Mark Pamensky. Outa chief operating officer Ben Theron on Tuesday said the charges related to Pamensky’s conduct while at Eskom and a business ”linked to the Gupta business empire.” 

Caledonia’s Blanket mine on track to deliver 80 000 oz/y by 2021

By: Anine Kilian     14th August 2017 Gold miner Caledonia Mining is confident its Blanket mine, in Zimbabwe, will meet its full year production guidance of 52 000 oz to 57 000 oz, as well as the longer-term output target of 80 000 oz by 2021. The mine produced just over 25 000 oz of gold in the first half of this year, at an all-in... 

Higher prices lift Newcrest revenue as FY gold output dips

By: Esmarie Swanepoel     14th August 2017 Gold miner Newcrest Mining on Monday reported a 6% increase in revenue for the 2017 financial year, despite slightly lower gold production. Revenue for the 12 months to June 30 increased from A$3.2-million to A$3.4-million, as the company benefited from an 8% higher realised gold price and a 10%... 

Nevsun delays Timok schedule, provides more capital for flagship Bisha ops

By: Henry Lazenby     11th August 2017 Canadian base metals producer Nevsun Resources this week announced a strategic update on its capital allocation plans, allotting extra capital to its Eritrea-based Bisha zinc/copper/gold operation and delaying the timetable for delivery of the Serbia-based Timok prefeasibility study (PFS) to the... 

Having problems measuring/monitoring difficult media?

     11th August 2017 KOBOLD, represented locally by Instrotech, has a turbine wheel flowmeter, model DOT, that is perfectly suited to low viscosity applications. Proven turbine wheel technology measures and monitors even difficult media such as distilled water, acids, bases, alcohol and additives as well as several... 

Eskom given 30 days to meet Nersa requirements for 2018 tariff application 

By: Terence Creamer     11th August 2017 The National Energy Regulator of South Africa (Nersa) has refused Eskom’s request to deviate from key aspects of the multiyear price determination (MYPD) methodology, as well as the minimum information requirements for a tariff application (MIRTA) and has given the utility until the end of August... 

KITE 2017 provides a comprehensive portal for industrial technology solutions

     11th August 2017 The KwaZulu-Natal Industrial Technology Exhibition (KITE), held between 26 and 28 July 2017 at the Durban Exhibition Centre, once again proved that it is undoubtedly the only place in KwaZulu-Natal to source and experience a comprehensive variety of industrial technology solutions under one roof.... 

SEW-EURODRIVE supplies MOVITRANS® Contactless Energy Transfer system to Sasol Wax

     11th August 2017 SEW-EURODRIVE has supplied its MOVITRANS® Contactless Energy Transfer system to Sasol Wax, a major manufacturer of a comprehensive range of mineral-oil based and synthetic paraffin waxes, petroleum jellies, and liquid paraffins, using a proprietary gas-to-liquid (GTL) process. Sasol Wax produces... 

Wheaton Precious Metals hikes quarterly dividend 43% on sector-leading cash flow

By: Henry Lazenby     11th August 2017 Metals-streaming pioneer Wheaton Precious Metals (WPM) has increased its quarterly dividend by 43% to $0.10 a share, as its strong cash flow of $250-million during the first half of the year, combined with ample liquidity encouraged the board to return more cash to investors. Under the company’s... 

Primero craters as Q2 output, cash flow fall

By: Henry Lazenby     11th August 2017 Half the value of Canadian precious metals producer Primero Mining’s NYSE-listed stock has been wiped out on Thursday, after the company reported disappointing second quarter results indicating significant declines in output and cash flows. The dual-listed company, with its flagship San Dimas... 

Company ships dryers and convection oven

     11th August 2017 Global manufacturer of thermal-processing equipment Thermal Product Solutions has shipped two Gruenberg dryers to a prominent diesel engine manufacturer. The drying ovens – whose shipment was announced in March – will be used to dry diesel particulate filters after they are washed during the... 

KM 2 board machine rebuild project, Russia

By: Sheila Barradas     11th August 2017 The project entails rebuilding the KM 2 board machine at Knauf’s mill, in Kommunar. 

Safety at the forefront with first spray-cooled roof

     11th August 2017 Swedish steel producer Ovako has awarded technology provider Systems Spray-Cooled with a contract to modernise and increase safety on its electric arc furnace (EAF) with the first Spray-Cooled roof in the Nordic region, located at its bar, billet, tube and rings facility in Hofors, Sweden. After... 

Small farms an economical option in South Africa

By: Robyn Wilkinson     11th August 2017 While many medium-sized farms have been unable to weather the challenges facing the South African agricultural industry and have consequently been absorbed by larger commercial farms, smaller farmers are proving that it is possible to generate a sustainable income from a modest operation through... 

Smart factory systems boosting product customisation

By: Schalk Burger     11th August 2017 Smart factory systems – specifically digital information technology systems that support highly detailed, varied and variable industrial work – are integral to enabling effective customisation of products and their management across disparate supply chains, says enterprise resource planning... 

Stakeholder support integral to urban farming in S Africa

By: Robyn Wilkinson     11th August 2017 While the appetite for urban farming exists in South Africa, more needs to be done to motivate stakeholders from both the private and public sectors to play a role in creating and growing successful projects that can be translated into sustainable investments, say engineering and infrastructure... 

Survey identifies protecting market share as one of top priorities for South African organisations

By: Mia Breytenbach     11th August 2017 Protecting market share, strengthening customer relationships and driving efficiencies are key priorities for South African organisations, according to survey findings presented at the Experian 2017 Innovation Summit in Johannesburg last month. While South African businesses are gearing up for... 

McEwen picks up Primero’s Black Fox mine

By: Henry Lazenby     10th August 2017 TSX- and NYSE-listed McEwen Mining has agreed to buy precious metals producer Primero Mining’s Black Fox mine and complex for $35-million, expanding the junior miner’s production footprint in Canada. “Buying the Black Fox Complex provides fantastic synergies with our recently acquired Timmins... 

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
Subscribe Now for $119 Close