http://www.engineeringnews.co.za
R/€ = 15.73 Change: -0.10
R/$ = 13.84 Change: -0.12
Au 1281.31 $/oz Change: -12.55
Pt 794.99 $/oz Change: -8.87
 

Topic

Gold bull McEwen sticks with his $5 000 call as pot stocks peak

By: Bloomberg     18th January 2019 Gold mining veteran Rob McEwen is nothing if not optimistic. The founder of Goldcorp is sticking with his bold prediction that the precious metal will soar almost fourfold to $5 000/oz, bolstered by a weaker dollar and waning demand for trendy assets like pot stocks. 

Germany's 2019 hard coal imports seen rising after mining ends

By: Reuters     18th January 2019 Germany is expected to import 45-million tonnes of hard coal this year, up roughly 1.4% from 2018 despite mounting competition from renewable energy, as the closure of domestic mines reduces domestic supply, importers said on Friday. The total would comprise an estimated 30 million tonnes for... 

Aussie coal junior claims discrimination in Poland

By: Mariaan Webb     18th January 2019 Australia-headquartered Prairie Mining, which focuses on coal projects in Poland, said on Friday that, as a foreign investor, it faced discriminatory treated in Poland, as its tussle with the Ministry of Environment (MoE) over the Debiensko mining concession dragged on. The company has applied... 

On-The-Air (18/01/2019) 

By: Martin Creamer     18th January 2019 The mines are contributing vast tracts of land to turn western Gauteng into a farming paradise. Calls are being made for the creation of a development coalition to place South Africa’s platinum mining business on a prosperous new path. The attempt to break the world land speed record on South... 

Goldcorp names #DisruptMining semi-finalists

By: Creamer Media Reporter      18th January 2019 The six semi-finalists for #DisruptMining 2019 and the five 'sharks' who will judge the live finale of Goldcorp's yearly innovation challenge have been named. 

Eskom faces coal supply shortfall, long term contracts coming to an end – manager

By: African News Agency      18th January 2019 State-owned electricity utility Eskom is grappling with a coal supply shortfall at several power stations with long term contracts coming to an end, a senior company executive has said. South Africa is also experiencing lack of new mining investments in large scale coal mines and execution of... 

India’s SCCL firms up capex to spread operational hinterland

By: Ajoy K Das     18th January 2019 India’s Singareni Collieries Company Limited (SCCL) has drawn up plans for $1.40-billion capital expenditure over the next five years to extend its footprint beyond its traditional mining operations around the southern state of Telengana. The plan includes securing at least seven coal blocks in... 

MCA slams Northern Territory ‘mining tax grab’

By: Esmarie Iannucci     18th January 2019 The Minerals Council of Australia (MCA) has warned that jobs and investments in the resources sector were under threat from the Northern Territory government’s proposed Environment Protection Bill and Regulations. The draft legislation addresses the environmental impact assessment and approval... 

Rio Tinto’s copper output, iron-ore shipments rise

By: Esmarie Iannucci     18th January 2019 Diversified major Rio Tinto has reported higher iron-ore and copper production for the quarter ended December, with other commodities remaining stable. “We delivered a solid operational performance in the final quarter of 2018, in particular across our copper assets,” said Rio CEO Jean-Sebastian... 

Roadshow highlights motion control products to industry

By: Halima Frost     18th January 2019 Electrical solutions provider Magnet Group hosted a roadshow with about five of power management company Eaton’s technicians in October to highlight Eaton’s DILM range of contractors, circuit breakers and overload relays to Magnet clients and end-users. The roadshow, which visited the Durban,... 

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... 

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... 

Need for new tech knowledge across industry

By: Creamer Media Reporter      18th January 2019 With technology advancing in the wastewater treatment industry, industry needs to be educated on the latest available solutions that will improve operational economies and ensure long-term cost-savings, says separations and purification company Sagisa projects manager Lourens du Plessis. Sagisa... 

AEMFC says will submit bid for Optimum assets

By: Marleny Arnoldi     17th January 2019 An African Exploration Mining and Finance Corporation- (AEMFC-) led consortium on Thursday announced that it would submit a bid for the Optimum Coal assets, which are currently in business rescue. State-owned AEMFC believed the Optimum Coal transaction would be fundamental to the country’s... 

Asanko progresses Esaase trial mining, exceeds production guidance

By: Marleny Arnoldi     17th January 2019 TSX- and NYSE-listed Asanko Gold delivered a strong operational performance in the final quarter of 2018, producing 59 823 oz of gold, taking full year output to 223 152 oz. This was above guidance of 200 000 oz to 220 000 oz.  

Outa, WSSA call for establishment of independent water regulator

By: Marleny Arnoldi     17th January 2019 The Organisation Undoing Tax Abuse (Outa) and Water Shortage South Africa (WSSA) says South Africa is in need of an independent water regulator. The organisations agree that the Department of Water and Sanitation (DWS) is failing to effectively regulate the country’s water sector and requires a... 

Gold drilling demand ensures solid revenue, contracts for Capital Drilling

By: Marleny Arnoldi     17th January 2019 LSE-listed Capital Drilling exceeded the top end of its revenue guidance of $105-million to $115-million for 2018, on the back of a strong performance at its West African contracts. It earned $116-million in revenue.  

Empowered Kwatani benefits local mining industry

By: Schalk Burger     17th January 2019 Industrial and mining vibrating screens manufacturer Kwatani has achieved a level-1 broad-based black economic empowerment (BBBEE) score and is 51% black women-owned. This BBBEE accreditation affords significant benefits to its mining clients that can claim 135% of money spent on Kwatani.... 

Investors put a further £1m in Cornish lithium project

By: Creamer Media Reporter      17th January 2019 Investors in mining start-up Cornish Lithium have put another £1-million into the exploration company to continue its activities in south-west England and to drill exploratory boreholes to extract samples of lithium bearing brines. The company said in January last year that it needed about... 

Sibanye adds global experience to safety panel 

By: Marleny Arnoldi     17th January 2019 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater has established a Global Safe Production Advisory Panel, after identifying the need for an additional safety initiative in 2018. The panel consists of a group of leading academics and is chaired by Sibanye group safety head Dr Kobus... 

Stornoway misses guidance in ‘challenging’ year

By: Mariaan Webb     17th January 2019 Quebec’s diamond miner, Stornoway, produced 1.32-million carats from the processing of 2.33-million tonnes of ore in the 2018 financial year, missing its guidance of recovering at least 1.35-million carats from the processing of 2.5-million tonnes of ore. In its fourth-quarter and 2018... 

Hudbay investor seeks to replace CEO and most of its board

By: Bloomberg     17th January 2019 Hudbay Minerals’s second-largest investor is seeking to oust the Toronto miner’s CEO and replace most of its board. Waterton Global Resource Management will nominate eight new directors at Hudbay’s upcoming annual meeting with a slate that includes former mining executive Peter Kukielski and... 

European Metals gets offer for Cinovec lithium project

By: Mariaan Webb     16th January 2019 The board of European Metals on Wednesday confirmed that it had received an indicative offer from a member company of Krupa Global Investments (KGI) to purchase the Cinovec lithium project, located in the Czech Republic. The letter from KGI, however, does not contain any detail with regards to... 

Xolobeni community survey to confirm whether mining can proceed

By: Marleny Arnoldi     16th January 2019 Mineral Resources Minister Gwede Mantashe on Wednesday announced the imminent start of an independent survey to be undertaken in Xolobeni, in the Eastern Cape. This follows the Minister’s visit to the community on Tuesday in efforts to gain “full consent” to planned mining and economic activity... 

Platinum price fall worsening plight of job-intensive mines 

By: Martin Creamer     16th January 2019 The latest fall of the platinum price is threatening to become the last straw that broke the camel’s back for some deep labour-intensive platinum group metals (PGMs) mines on particularly the western limb of the Bushveld Complex, Mining Weekly Online can today report. Well ahead of the latest... 

Optimum, Koornfontein preliminary business rescue plan to be submitted for creditor approval next week 

By: Marleny Arnoldi     16th January 2019 Legal adviser Bouwer van Niekerk expects to have a preliminary business rescue plan for Optimum Coal Mine and Koornfontein Mine submitted for creditor approval by the end of next week, he confirmed to Mining Weekly Online on Wednesday. The mines’ business rescue practitioners (BRPs) have been... 

Phase 2 drilling delivers promising results at Tando’s vanadium project

By: Marleny Arnoldi     16th January 2019 ASX-listed Tando Resources on Wednesday announced encouraging first assay results from its Phase 2 drill programme at the SPD vanadium project, in the Bushveld Complex of South Africa. The results included 14 m at 0.98% vanadium oxide from surface, 11 m at 0.99% vanadium oxide from 17 m and 10... 

Iamgold in $170m prepayment deal

By: Creamer Media Reporter      16th January 2019 Midtier mining company Iamgold has entered into a $170-million prepayment agreement for 150 000 oz of gold, the company announced on Tuesday. The floor price has been set at $1 300/oz and the cap price at $1 500/oz. 

Vedanta tells top English court pollution case should be heard in Zambia

By: Reuters     16th January 2019 Lawyers for Vedanta Resources told England's Supreme Court on Tuesday that a case raised against the mining company by nearly 2 000 Zambian villagers should be heard in Zambia not London. India-listed Vedanta, which delisted from London last year but maintains a legal base in Britain, is... 

Mexico mining-union head turned senator reviewing contracts

By: Bloomberg     16th January 2019 Mexican mining-union leader and newly installed Senator Napoleon Gomez Urrutia is ready to take on companies that he says don’t pay enough taxes, pollute the environment and enjoy concessions he deems are too long. Mining shares tumbled. An old foe of Grupo Mexico, Gomez Urrutia is reviewing... 

November mining production down 5.6% y/y  

By: Tasneem Bulbulia     15th January 2019 South Africa’s mining production decreased by 5.6% year-on-year in November. Statistics South Africa on Tuesday reported that the largest contributors to the decrease had been the iron-ore, gold, diamonds and other non-metallic minerals sectors. 

Anglo American begins quest to unearth next CEO 

By: Reuters     15th January 2019 Anglo American has promoted a section head it considers to have CEO potential, focusing its attention on internal talent as it begins searching for a successor to the man who steered the mining company through the 2015/16 commodities price slump. CEO Mark Cutifani has won plaudits for his... 

Trapped Indian miners presumed dead

By: Ajoy K Das     15th January 2019 After more than a month, 15 illegal miners trapped in a coal mine in the north-eastern Indian state of Meghalaya are presumed to be dead even though the Supreme Court monitoring rescue operations said that “hunt must continue as miracles do happen”. On December 13, 15 miners were trapped 370 ft... 

McEwen output tops guidance

By: Mariaan Webb     15th January 2019 NYSE- and TSX-listed gold miner McEwen Mining reported on Tuesday that its 2018 production had topped its guidance, with gold equivalent output (GE) rising to 175 561 oz, comprising 135 124 oz of gold and 3.03-million ounces of silver. The production compares with 152 329 oz of GE in 2017, and... 

How The Reflux™ Classifier Increases Mining Productivity

15th January 2019 Delivering high levels of recovery, while managing large throughput efficiently is no easy job. So how exactly does FLSmidth’s REFLUX™ Classifier (RC™) achieve this? And, importantly, can it benefit your mining operations? Concisely, the RC is the slurry based gravity separator designed... 

Weba Chute Systems Signs Up Distributor In Canada

15th January 2019 Weba Chute Systems has announced the appointment of FWS Bulk Material Handling as the official distributor of Weba Chute Systems and Solution in Canada. The signing of this latest licence agreement underpins the South African OEM’s strategy of extending its global reach. Mark Baller, managing... 

Atalaya beats FY guidance, sees 2019 as ‘transitional’ year

By: Mariaan Webb     15th January 2019 European copper miner Atalaya Mining has set a production guidance range of 45 000 t to 46 500 t for 2019, which is seen as a transitional year, given the commissioning of the plant expansion in mid-2019, which will increase production in 2020. The miner, which is implementing a... 

Mnangagwa seeks cash in Russia as Zimbabwe descends into chaos

By: Bloomberg     15th January 2019 Zimbabwean President Emmerson Mnangagwa said he’s seeking loans from Russia on a visit to Moscow as protests erupted across his country Monday, leaving 24 people injured and five possibly dead. “I can’t say that we want this much or that much,” he said in an interview with the state-run Russian... 

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
Free daily email newsletter Register Now
Subscribe Now for $119 Close