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Kangaroo shares jump on deal

By: Esmarie Swanepoel     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... 

Indonesia issues new tax rules as Freeport seeks fiscal guarantee

By: Reuters     8th August 2018 Indonesia's president has issued new tax regulations aimed at providing clarity for mining companies shifting their current contracts to special mining permits, in a move that could help cement a $3.9 billion deal with Freeport McMoran Inc. Freeport last month signed a heads of agreement to sell... 

Copper supply woes on show with No. 2 mine output to halve

By: Bloomberg     6th August 2018 A battle over the world’s second-largest copper mine has dogged Freeport-McMoRan shareholders for more than a year. Now it may be the turn of the copper market. Production at Grasberg in Indonesia will fall by more than half next year as its giant pits transition to underground operations,... 

Sihayo to cost $58.7m

By: Esmarie Swanepoel     6th August 2018 An updated feasibility study (FS) into the Sihayo gold project, in Indonesia, has increased the expected capital cost from the $58.7-million estimated in the start of 2014, to $153-million. However, with an increase in the mineral resource estimate, the project is now expected to recover some... 

Gold demand falls 4% y/y in Q2

By: Anine Kilian     2nd August 2018 Global gold demand remained muted at 964 t in the second quarter, 4% lower year-on-year, according to the World Gold Council’s (WGC’s) latest ‘Gold Demand Trends’ report. Speaking to Mining Weekly Online, WGC member and market relations head John Mulligan said mine production in the second... 

Kupang operating licence granted

By: Esmarie Swanepoel     1st August 2018 ASX-listed Gulf Manganese has been awarded its operating licence for the Kupang smelting facility, in Indonesia. The licence is valid for a period of 30 years, from the end of July 2018, and allows Gulf Manganese to buy, sellc and transport manganese ore within Indonesia for smelting, as well as... 

Cokal gets funding partner for BBM

By: Esmarie Swanepoel     1st August 2018 ASX-listed Cokal has secured development funding for its 60% owned Bumi Barito Mineral (BBM) pulverised coal injection (PCI) coal project, in Indonesia. Cokal on Wednesday told shareholders that it had executed a binding term sheet with Aahana Global Resources & Investment, a special purpose... 

First tin concentrate to market in Q4 – AfriTin 

By: Martin Creamer     30th July 2018 Emerging tin mining company AfriTin is on track to place its first tin concentrate into the market in the fourth quarter of this year. The Aim-listed company is going all out to put Africa, once the fourth-biggest exporter of tin but now without an industrial-scale mine, back on the global tin... 

Fate of South African gold rests on one giant, loss-making mine

By: Bloomberg     30th July 2018 Three thousand meters below the plains southwest of Johannesburg, teams of miners are toiling to revive the gold industry that underpinned South Africa’s economy for generations. The South Deep mine was built to target the world’s second-biggest known body of gold-bearing ore, a deposit that... 

Coking coal continues multiyear price downtrend

By: Nadine James     27th July 2018 BMI Research expects coking coal prices to gradually edge lower in the second half of this year. Its expectation from the previous forecast done in March that premium hard coking coal export prices will fall below $200/t by mid-year, has played out as prices are now hovering at around $170/t. 

No longer flavour of the month, SA rethinks its bus rapid transit systems

By: Irma Venter     27th July 2018 It seems government’s love affair with bus rapid transit (BRT) systems has cooled. Courted in the Brazilian city of Curutiba – it is difficult to find a local government transport executive who has not been there on a study tour – and sworn to fidelity in the pressure cooker years before the... 

Strong Q2 puts Newcrest only 2% below original FY target

By: Esmarie Swanepoel     26th July 2018 Gold miner Newcrest Mining has reported a strong June quarter, resulting in the company missing its original full-year production guidance by only 2%. Newcrest in April adjusted full-year production forecasts from between 2.4-million and 2.7-million ounces, to between 2.25-million and... 

Freeport remains positive about copper despite trade tensions

By: Mariaan Webb     25th July 2018 US-based Freeport-McMoRan remains positive on the outlook for copper, despite the recent decline in prices associated with international trade developments, CEO Richard Adkerson affirmed on Wednesday. Copper has been caught up on the trade war rhetoric between the US and China, while at the same... 

Indonesian government asked to recalculate Freeport mine damage

By: Reuters     25th July 2018 Indonesia's parliament has asked the government to recalculate damage to the environment from the giant Grasberg copper mine operated by the local unit of Freeport McMoRan, the Environment Ministry said. A 2017 report by Indonesia's Supreme Audit Agency (BPK) calculated that Freeport's... 

BMI raises thermal coal price forecast to $100/t

By: Anine Kilian     24th July 2018 BMI has increased its thermal coal price forecast for this year to $100/t from $85/t previously as a result of tight supply from exporting countries and higher demand on the back of hot weather in importing countries.  The research company said in a statement on Tuesday that Newcastle coal prices... 

Rantau Dedap geothermal power project, Indonesia

By: Sheila Barradas     20th July 2018 PT Supreme Energy is building Indonesia's second geothermal facility that will use dual flash technology. 

Solid Q2 performance rounds out strong first half for Rio Tinto

By: Esmarie Swanepoel     17th July 2018 Diversified major Rio Tinto has reported increased production in most of its commodities in the second quarter ended June, compared with the previous corresponding period. “Operational performance was solid across most commodities, rounding out a strong first half performance for the group,”... 

Copper heads for fifth weekly loss, aluminium awaits Trump-Putin summit

By: Reuters     13th July 2018 Copper headed for a fifth weekly loss on Friday as trade tensions between the United States and China rumbled on, while aluminium hit a three-month low ahead of a summit between US President Donald Trump and Russian President Vladimir Putin. Trump and Putin are due to meet in Helsinki on Monday... 

Event provides inclusive platform for power supply industry

By: Tasneem Bulbulia     13th July 2018 POWER-GEN & DistribuTECH Africa is an important power generation and distribution event, as it enables the entire spectrum of the power supply industry to convene in one place, from end-user and supplier to service provider, says industrial rope access provider Skyriders marketing manager Mike... 

Indonesia to pay $3.85bn for majority stake in Freeport's Grasberg copper mine

By: Reuters     12th July 2018 Indonesia on Thursday struck an agreement with Freeport-McMoRan and Rio Tinto to buy a controlling stake in the world's second-biggest copper mine via a series of transactions valued at $3.85-billion. The heads of agreement establishes a structure for Indonesia, through its state-owned mining... 

Indonesia reaches preliminary deal with Freeport on Grasberg

By: Bloomberg     12th July 2018 Indonesia has struck an “initial agreement” to take majority ownership of Freeport-McMoRan’s giant Grasberg copper and gold mine, President Joko Widodo told reporters in Jakarta on Thursday. State-owned PT Indonesia Asahan Aluminium, also known as Inalum, will end up with a 51% stake,... 

Mining can be a major driver of development in poor countries – ICMM

By: Marleny Arnoldi     10th July 2018 The lives of people living in countries whose economies are dependent on mining have, on average, improved faster than those of people in other countries over the past 20 years, a report by the International Council of Mining and Metals (ICMM) has found.  

Rising minerals and fuel exports propel Australian trade to record high

By: Esmarie Swanepoel     10th July 2018 Australia’s total trade in goods and services reached a record A$763.2-billion in 2017, new data from the Department of Foreign Affairs and Trade has found. The Composition of Trade, Australia 2017 found that the value of Australia’s goods and services exports rose 14.8% to A$386.7-billion in... 

Platinum jewellery heading for good year – PGI 

By: Martin Creamer     9th July 2018 Significant demand growth is under way in the platinum jewellery market, which remains the second biggest ounce contributor to platinum demand at 2.5-million ounces of yearly fabrication, some 35% of total demand. “We’re seeing a lot of growth in the market. Obviously, the platinum price is... 

Chilean miner Mantos Copper seeks buyer to help finance expansion

By: Reuters     6th July 2018 Private equity-backed Chilean miner Mantos Copper is looking to find a buyer to help finance the expansion of mines it bought from Anglo American in 2015, it said. The company's owner, a consortium led by British investment company Audley Capital Advisors and Orion Mine Finance Group, bought... 

Indonesia extends permit for giant Freeport copper mine as talks continue

By: Reuters     4th July 2018 Indonesia has extended a temporary operating permit for Freeport McMoRan's Grasberg project, the world's second-biggest copper mine, until the end of the month while discussions continue over long-term rights. Freeport's local unit, PT Freeport Indonesia (PTFI), has been given a temporary... 

Indonesia’s Inalum close to acquiring Rio interest in Grasberg copper mine

By: Reuters     1st July 2018 Indonesia's state-owned mining holding company PT Inalum is close to finalising a multi-billion-dollar deal to acquire a majority stake in the giant Grasberg copper mine, government officials said on Saturday. Situated in Indonesia's eastern-most province of Papua, Grasberg, the world's... 

India’s SCCL to get new coal blocks, foray into new business verticals

By: Ajoy K Das     26th June 2018 Government miner Singareni Collieries Company Limited (SCCL) has adopted a twin-pronged expansion strategy to take its coal mining operations beyond its present southern Indian geographical boundaries and at the same time add new business verticals of ‘manufactured sand’ production and solar... 

Nickel market deficit increases, but surplus expected by 2020 – BMI

By: Marleny Arnoldi     26th June 2018 BMI Research anticipates the global refined nickel market to remain in a slight deficit this year, as global production remains subdued.  

Order for 97 MW steam generation system received

22nd June 2018 Thermal power generation systems manufacturer Mitsubishi Hitachi Power Systems (MHPS) has received an order to provide a steam turbine power generation system for a pulp and paper mill in Sumatra, Indonesia. With an output of 97 MW, the system will be used as an in-house power source, while steam... 

Siemens boss outlines how China’s BRI will benefit 70% of global population

By: Zandile Mavuso     22nd June 2018 Earlier this month, multidisciplinary cooperation Siemens held its first Belt & Road International Summit in Beijing, China, themed Create, Connect and Collaborate, during which it advocated for a digital ecosystem to foster future-oriented infrastructure development globally in what it referred... 

Butene-1 production unit, Indonesia

By: Sheila Barradas     22nd June 2018 PT Chandra Asri Petrochemicals has awarded the construction contract for the unit. 

Dutchman Reaches Australia By Electric Car After 827 Days

21st June 2018 Wiebe Wakker with his electric 'Blue Bandit' in Darwin Driving from the Netherlands to Australia by car is already a big challenge, electric pioneer Wiebe Wakker did it without money and hasn’t visited a single fuel station on his way. The 31-year-old solo-traveller left Amsterdam on the 15th of... 

Asia's thermal coal demand poised to grow

By: Esmarie Swanepoel     19th June 2018 Asia’s thermal coal demand could increase by some 400-million tonnes by 2030, a new report commissioned by the Minerals Council of Australia (MCA) found. Asian thermal coal demand is expected to grown from the 740-million tonnes in 2017, to 1.147-billion tonnes in 2030. 

Untapped opportunity in Africa’s emerging startup hubs

18th June 2018 African startups are in a unique position to leverage innovation to answer some of the continent’s most pressing challenges. To achieve this, an enabling environment is mission critical, according to Abu Cassim, founder and director of Jozi Angels, an angel network that invests in early stage... 

Copper industry in crisis, new areas pursued

By: Jessica Oosthuizen     13th June 2018 The global copper industry is in crisis – traditional orebodies are becoming depleted and the commodity market has depressed the price of copper to such an extent that mining companies cannot afford to invest in expansion or new equipment, says foundry and engineering company Thos Begbie group... 

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