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New research finds developing countries’ coal miners face ‘substantial risk inequality’

By: Tasneem Bulbulia 31st October 2018 Coal miners in developing countries are likely to be exposed to health and safety risks more often than those working in advanced economies, new research has found. Researchers from Cardiff University, funded by the Institution of Occupational Safety and Health (IOSH), have found that a lack of... →

Volatility in global base metals industry to remain, but outlook stable – Moody’s

By: Marleny Arnoldi 30th October 2018 Financial services firm Moody’s Investor Service has a stable outlook for the global base metals industry over the next 12 to 18 months, although indications are that economic growth rates may have peaked. The firm said in a release on Tuesday that synchronised economic growth rates in 2018,... →

Battery metal bulls fear China's big disrupter to hit nickel

By: Bloomberg 29th October 2018 Commodity traders expect nickel, the silvery-white metal used to make stainless steel, to be a winner from the electric-vehicle revolution -- it’s a key component of batteries. But a Chinese metals giant with a knack of upending markets is threatening to spoil the party. Tsingshan Holding Group... →

Cokal warns of possible fraud

By: Esmarie Iannucci 26th October 2018 Coal miner Cokal has flagged possible financial irregularities and fraudulent activities that could have impacted the company’s financial statements for the 2018 financial year. The ASX-listed miner on Friday said that the company’s board was currently investigating the irregularities and... →

Newcrest reports y/y increase in Q1 production

By: Esmarie Iannucci 24th October 2018 Gold miner Newcrest Mining reported a 5% increase in production for the quarter ended September 30, compared with the previous corresponding period, but output fell by 14% when compared with the June 2018 quarter Gold production in Newcrest’s first quarter reached 548 000 oz and the... →

Shopping centre benefits from 30 per cent water and energy savings as a result of Optidrive Eco and OptiflowTM

23rd October 2018 A major shopping centre near Jakarta, Indonesia is achieving at least 30 per cent savings in water and energy costs as a result of installing Invertek Drives Ltd’s OptidriveTM Eco variable frequency drives (VFD). The monthly water and associated energy costs at the Karawaci Shopping Mall, West... →

Arc exits Indonesia JV to focus on Ontario project

By: Esmarie Iannucci 19th October 2018 ASX-listed junior Arc Exploration has inked a binding sales agreement to divest of its joint venture (JV) interest in the Trenggalek copper/gold project, in East Java, Indonesia. The company has sold its interest to JV partner PT Sumber Mineral Nusantara for A$100 000, saying on Friday that the... →

Gulf cornerstone investor pulls out over mining moratorium risk

By: Esmarie Iannucci 17th October 2018 Manganese ore and alloy developer Gulf Manganese has lost a cornerstone investor in the midst of uncertainty around a moratorium on all mining activities in East Nusa Tenggara, Indonesia. Gulf Manganese in August this year announced a A$10.8-million investment from Indonesian businessman Bapak... →

Freeport CEO may be ready to sell, but does anyone want to buy?

By: Bloomberg 17th October 2018 Freeport-McMoRan’s annual LME Week party is usually an opportunity for CEO Richard Adkerson to hobnob with the traders and consumers who buy copper from his mining company. At this year’s event, he was surrounded by investment bankers. With its biggest stock overhang – a deal around its... →

Rio Tinto copper output jumps; iron-ore, aluminium production slip

By: Esmarie Iannucci 16th October 2018 Diversified major Rio Tinto has reported lower production across nearly all its commodities, besides copper, in the three months to September. “We have delivered consistent operational performance in the third quarter, highlighted by strong production from the group’s copper assets,” Rio CEO... →

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... →

What’s changed and what remains the same 20 years after the launch of Google Search?

By: Natasha Odendaal 12th October 2018 As Google Search celebrates its twentieth year, the local division has revealed how South Africans use search, the significant surge in searches and overhauls underway to improve the popular feature. Google has experienced significant growth over the past two decades, starting from an offering in... →

RioZim to sue central bank over dollar payments

By: Reuters 9th October 2018 Zimbabwe's gold miner RioZim on Tuesday said it would take legal action to force the central bank to pay it in US dollars for part of its output, signalling impatience by mining companies over acute dollar shortages afflicting the economy. The shortages have worsened since 2016 and are the... →

Nene's IMF trip eases fears over his future

By: Reuters 9th October 2018 Finance minister Nhlanhla Nene is traveling to Indonesia for an International Monetary Fund (IMF) meeting, the Treasury said on Tuesday, a statement that may soothe markets a day after a media report that he had asked the president to sack him. The rand fell more than one percent on Monday when... →

Turkey puts import quotas on steel – WTO filing

By: Reuters 8th October 2018 Turkey will introduce quotas on the amount of steel it imports from Oct. 17, with an additional 25% duty on any imports above the quotas, it said in a filing published by the World Trade Organization on Monday, blaming a surge in imports. It said it had begun investigating the case for emergency... →

Awak Mas could deliver 100 000 oz/y

By: Esmarie Iannucci 4th October 2018 A definitive feasibility study (DFS) into the Awak Mas gold project, in Indonesia, has estimated that the project could produce 100 000 oz/y over an initial 11-year period. Owner Nusantara Resources on Thursday reported that the DFS estimated a post-tax net present value of $152-million and an... →

Finders reports another wall failure

By: Esmarie Iannucci 3rd October 2018 Junior Finders Resources has reported a wall failure within the Kali Kuning openpit operation at its Wetar copper project, in Indonesia. The company on Wednesday said that some 300 000 bank cubic meters of waste rock from the north-eastern highwall was displaced into the pit on October 1,... →

China battery firms set up $700m nickel JV in Indonesia

By: Reuters 28th September 2018 Chinese battery firm GEM on Friday said it was teaming up with four companies to invest a total of $700-million in a project to produce battery-grade nickel chemicals in Indonesia. The investment comes as several global metals producers have also set their sights on Indonesia's nickel reserves,... →

Freeport seals deal with Indonesia on giant Grasberg copper mine

By: Bloomberg 27th September 2018 Freeport-McMoRan and Indonesia signed an agreement, paving way for the US miner to hand over majority control of the giant Grasberg copper and gold mine to a local State-owned company. Freeport CEO Richard Adkerson and PT Indonesia Asahan Aluminium president director Budi Gunadi Sadikin signed... →

Indonesia plans news conference on $3.9bn Freeport copper mine deal

By: Reuters 27th September 2018 Indonesia's Energy Ministry plans to hold a ceremony on Thursday linked to a $3.9-billion share purchase deal involving Freeport McMoRan, Rio Tinto and state miner Inalum, it said in a document. The exact purpose of the ceremony, taking place at 4 p.m. Jakarta time (09:00 GMT), was unclear. A... →

Indonesia 2018 coal output target now 507Mt

By: Reuters 26th September 2018 Indonesia has increased its 2018 coal production target to around 507-million tonnes from a previous target of 485-million tonnes, the Energy Ministry said on Wednesday, a move that may add to downward pressure on prices for the fuel. Indonesia is the world's top exporter of thermal coal, and... →

Central banks add 193 t of gold to reserves in H1

By: Marleny Arnoldi 20th September 2018 Central banks have added 193.3 t of gold to their reserves in the first six months of this year, which is an 8% increase compared with the 178.6 t bought in the same period last year, making it the strongest first half for central bank gold buying since 2015. The World Gold Council (WGC) states... →

Martin Engineering Vibrators Go Pink For Breast Cancer Awareness Month

19th September 2018 Following the success of its 2017 campaign, the global leader in bulk material handling technologies is repeating its Cougar Cares fundraising program for National Breast Cancer Awareness Month in October. Manufacturing a limited-edition series of Cougar® brand DC truck vibrators painted in the... →

Poorer South Africans carrying the can for SA’s lack of financial inclusion

19th September 2018 Paul Kent, MD of Sureswipe, says that South Africa needs a national financial inclusion strategy that has the commitment of all the dominant players in government and business, and that we should look at other emerging economies like India and Indonesia to see how it can be done. The challenge... →

Coal exports from top shipper hobbled with miners facing constraints

By: Bloomberg 19th September 2018 Coal exports from Indonesia will be restrained this year, which could frustrate a plan by the government to ease a burgeoning trade deficit while keeping prices elevated, according to an industry group. Producers in the world’s largest shipper face an order backlog of 18 months as they aren’t... →

Nickel producers eye Indonesia to plug into EV battery market

By: Reuters 14th September 2018 Several global metals producers have set their sights on Indonesia's nickel reserves to tap an expected surge in demand for the metal for electric vehicle batteries. Sumitomo Metal Mining (SMM) said on Thursday that it and nickel miner PT Vale Indonesia are conducting a feasibility study to... →

Nickel price to benefit from short supply, strong steel demand through 2019

By: Reuters 12th September 2018 Slower production increases in leading supplier Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price gains through 2019. Nickel, which recently hit its lowest since December, could climb as high as $16 000... →

Davies to attend G20 meeting

By: African News Agency 11th September 2018 South Africa's trade and industry minister Rob Davies will attend a meeting with peers from the G20 global grouping in Argentina set to focus on the agriculture sector, his department said on Tuesday. The G20 or Group of Twenty is an international forum for the governments of Argentina,... →

Santos completes divestment of noncore assets

By: Esmarie Iannucci 7th September 2018 Oil and gas major Santos has completed the $221-million sale of its non-core Asian portfolio of assets to Ophir Energy. The deal was struck in May of this year, and would see Santos divest of its 31.87% interest in the Chim Sao and Dua oilfields, in Vietnam, the 67.5% interest in the Maleo and... →

Significant growth expected in flame arrestor market

7th September 2018 The global flame arrestors market is estimated to be $713.8-million in 2018 and is projected to reach $924.7-million by 2023, at a compound annual growth rate of 5.31%, according to research company Research and Markets. In their report titled ‘Flame Arrestors Market by Type (In-Line and... →

Bell reports strong H1 results, remains bullish on South African market

By: Nadine James 31st August 2018 JSE-listed Bell Equipment achieved a 6% year-on-year increase in revenue to R3.7-billion for the six months to June 30. Headline earnings a share increased by 10% to 131c and an interim dividend of 20c was declared. →

Riau gas-fired combined-cycle gas turbine power project, Indonesia

By: Sheila Barradas 31st August 2018 PT Medco Ratch Power Riau plans to build a baseload power plant with a capacity of 1 445 GWh/y. →

Gulf welcomes cornerstone investor

By: Esmarie Iannucci 28th August 2018 ASX-listed Gulf Manganese has secured a A$10.8-million cornerstone investment from Indonesian business man Bapak Dato Dr Low Tuck Kwong in exchange for a 19.8% equity holding in Gulf. Gulf on Tuesday said that it would issue more than 714.59million shares to Bapak TK Low at a placement price of... →

Santos half-year profit doubles

By: Esmarie Iannucci 23rd August 2018 Oil and gas major Santos has doubled its interim underlying profit in the six months to June, as revenues surged. Underlying profit for the interim period was reported at $217-million, compared with the $109-million in the previous corresponding period, while earnings before interest, tax,... →

Global copper mine production up 5.7% in first five months of 2018 – ICSG

By: Marleny Arnoldi 21st August 2018 The International Copper Study Group (ICSG) says global mine production of copper in the first five months of this year increased by 5.7% year-on-year to about 450 000 t, while concentrate production increased by 5.5% year-on-year and solvent extraction and electrowinning (SX-EW) increased by 6%... →

Kangaroo shares jump on deal

By: Esmarie Iannucci 17th August 2018 The share price of junior Kangaroo Resources surged by more than 40% on Friday on news of a takeover offer from major shareholder PT Bayan Resources. Kangaroo on Friday reported that it had entered into a binding scheme implementation agreement with PT Bayan under which the shareholder would... →

Threat of contagion in emerging markets deepens commodity risk

By: Bloomberg 13th August 2018 When Thailand devalued its currency two decades ago, few in global commodity markets took note. Within a year, the crisis morphed into an emerging-market rout that eviscerated the price of everything from crude oil to copper. Fast forward to today and Turkey is presenting a similar challenge. The... →

Fibre optics punted for pipeline monitoring amid major spills in mining and other sectors

By: Nadine James 10th August 2018 Fibre optics were invented to carry huge amounts of voice data over long distances very efficiently, but advancements in optical technology have enabled the use of specialised fibre optic cables as sensors with the ability to measure parameters such as acoustic energy, temperature, strain, and... →

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