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

Washington picks new CEO to run $1.2bn Dominion Diamond

By: Bloomberg     10th August 2017 Montana-billionaire Dennis Washington has hired Patrick Evans to run Dominion Diamond Corp. after he agreed to buy the business for $1.2-billion last month. “We are pleased that Patrick will become CEO of Dominion Diamond Corp. upon closing of the transaction," said Lawrence Simkins, president of... 

Trump is said to be 'really interested' in payments for coal use

By: Bloomberg     10th August 2017 West Virginia Governor Jim Justice said Donald Trump is “really interested” in his plan to prop up Appalachian mining by giving federal money to power plants that burn the region’s coal. Justice, a coal and real estate mogul elected governor last year as a Democrat, announced at a West Virginia... 

As Trump sings coal's praises, mine fatalities are on the rise

By: Bloomberg     4th August 2017 Ray Hatfield Jr. was six months into his latest coal job when he was crushed to death in a Kentucky mine. Hatfield, a 23-year industry veteran, was cleaning a conveyor belt that shuttled coal to the surface of the Appalachian mine on the morning of Jan. 26. When his clothing got caught, he was... 

Sandfire ups shareholding in US copper project

By: Esmarie Swanepoel     31st July 2017 Copper-gold miner Sandfire Resources has increased its shareholding in TSX-V listed Tintina Resources by a further 16.9%, to 78.1%. Sandfire on Monday told shareholders that the acquisition of this strategic stake from fellow shareholder Electrum Global Holdings, further consolidated the... 

Dominion is said to seek sweeter deal from Montana billionaire

By: Bloomberg     15th July 2017 Canada’s Dominion Diamond Corp is hoping Montana billionaire Dennis Washington will cough up a little more cash to buy the world’s third-largest producer of rough diamonds by value. However, the company – which has put itself on the block twice in the past two years – says there’s no guarantee a... 

Fertoz inks offtake agreement in US

By: Esmarie Swanepoel     11th July 2017 ASX-listed phosphate developer Fertoz has inked a marketing agreement for up to 10 000 t of rock phosphate from a US project owned by Solvay USA. The agreement will see Fertoz hold the exclusive right to market the product for a period of two years, with Solvey to be responsible for loading the... 

Amplats' exit from Brazil platinum prospect sparks London listing

By: Martin Creamer     19th June 2017 The withdrawal of South Africa’s Anglo American Platinum (Amplats) from a platinum group metals (PGM) project in Brazil has opened the way for Jangada Mines to acquire the asset and head for the London Aim to raise an initial £2-million in equity capital to fund the project. Jangada chairperson... 

Sibanye reaches wage agreement with Stillwater union

By: Megan van Wyngaardt     19th June 2017 Dual-listed Sibanye has secured a two-year wage agreement with the United Steel Workers of America, International Union –  the representative union at its newly acquired Stillwater Mining Company platinum group metals operations in Montana, in the US. Under the terms of the agreement, there will... 

Gordon Butte pumped-storage hydroproject, US

By: Sheila Barradas     2nd June 2017 The project entails the development of a new closed-loop pumped-storage hydrofacility. 

Boreas intertie project, US

By: Sheila Barradas     26th May 2017 The Boreas intertie project will provide an outlet for new renewable-energy generation and improve power system operation in Montana and the northern Rocky Mountain region. 

Coffin Butte pumped-storage scheme project, US

By: Sheila Barradas     26th May 2017 The project involves the construction of 880 GWh/y pumped-storage scheme in Montana. 

Trump takes aim at western monuments that may hold oil, coal

By: Bloomberg     11th May 2017 Bears Ears National Monument, in Utah, boasts stretches of red-and-yellow sandstone so brilliant they appear to be ablaze and rock structures so precarious they appear to defy gravity. The rugged terrain south of the Colorado River also has reserves of oil and natural gas that are currently off... 

Now US shareholders give nod to Sibanye deal

By: Martin Creamer     26th April 2017 The requisite majority of Stillwater shareholders in the US have approved the acquisition by Sibanye of the entire issued share capital of Stillwater Mining Company. The voting took place a day after Sibanye shareholders gave their overwhelming approval to the transaction that is expected to... 

Sibanye’s Stillwater buy wins strong shareholder support

By: Martin Creamer     25th April 2017 Shareholders have voted overwhelmingly in favour of Sibanye acquiring Stillwater, the US platinum group metals (PGMs) company. The number of shares that voted in favour of the proposed deal made up 83% of Sibanye’s total issued share capital. 

Sibanye wins US thumbs up for Stillwater acquisition

By: Martin Creamer     18th April 2017 Precious metals mining company Sibanye has received unconditional approval from the Committee on Foreign Investment into the United States on the proposed acquisition of platinum group metals mining company Stillwater, which mines and processes the metals in Montana. Johannesburg- and New... 

Stillwater transaction to test Trump team’s appetite for China deals

By: Bloomberg     10th April 2017 Even as President Donald Trump and President Xi Jinping of China met for the first time to try to sort out their complex relationship, Trump’s administration is reviewing attempts by China to buy sensitive US companies and in one case is actively trying to thwart a deal. The Trump administration... 

Keystone pipeline Gulf Coast expansion project, Canada and the US

By: Sheila Barradas     31st March 2017 US President Donald Trump has issued a Presidential Permit, approving the construction of TransCanada’s long-delayed Kyestone Guld expansion pipeline. 

Dominion Diamond Corp mulls strategic transactions in wake of rejecting $1.1bn offer

By: Henry Lazenby     27th March 2017 Canada’s largest diamond producer Dominion Diamond Corp has launched a formal process to evaluate the potential sale of the company or other strategic transactions. This follows after Montana-based Washington Companies, a group of companies founded by industrialist and entrepreneur Dennis... 

Trump wastes no time to approve TransCanada’s Keystone XL pipeline

By: Henry Lazenby     24th March 2017 US President Donald Trump on Friday issued a Presidential Permit, approving the construction of TransCanada’s long-delayed $8-billion Keystone XL (KXL) pipeline. “TransCanada will finally be allowed to complete this long overdue project with efficiency and with speed. We're working out the final... 

Stillwater deal advances as Sibanye grasps $2.6bn bridge finance nettle

By: Martin Creamer     13th February 2017 Precious metals mining company Sibanye on Monday announced that it had successfully closed the syndication of the bridge facilities to support its acquisition of Stillwater Mining Company of the US. Sibanye said in a Johannesburg Stock Exchange news service announcement that the syndication... 

TransCanada reapplies for Keystone XL pipeline

By: Henry Lazenby     28th January 2017 A day after US President Donald Trump signed executive actions clearing the way for contentious oil pipelines to be built in the US, TransCanada on Thursday resubmitted its Presidential Permit application to the US Department of State for approval of the Keystone XL (KXL) pipeline. This is the... 

Sibanye’s Stillwater platinum deal edges forward

By: Martin Creamer     19th January 2017 Precious metals mining company Sibanye’s proposed acquisition, Stillwater Mining of the United States of America, edged forward on Thursday with the notification that both companies had received early termination of the waiting period under the US’s Hart-Scott-Rodino legislation, which means that... 

‘No better time in commodity cycle to get into copper/gold’ – Broadway chair

By: Henry Lazenby     17th January 2017 There is no better time in the commodity price cycle to get into the copper/gold space than the present, says Montana-focused project developer Broadway Gold chairperson Duane Parnham. Speaking to Mining Weekly Online during an interview, the mining veteran pointed out that an analysis of the... 

Obama plan to shake up coal leases could restrict Trump

By: Bloomberg     12th January 2017 The outgoing Obama administration issued a blueprint for overhauling the way coal on federal land is sold, making it tougher for President-elect Donald Trump to resume sales under decades-old procedures. The report released Wednesday lays out a menu of potential options for policy makers to... 

Stillwater deal runs deep

By: Martin Creamer     9th December 2016 The acquisition of America’s Stillwater Mining has the potential to put South Africa’s Sibanye on the inside track of low-cost mechanised primary mining as well as provide it with deep insight into secondary mining – the recycling of platinum-group metals (PGMs). Both these inputs will help... 

Sibanye to acquire US platinum miner for R30bn

By: Martin Creamer     9th December 2016 Precious metals mining company Sibanye Gold has entered into a definitive agreement to acquire all of the outstanding common stock of Stillwater Mining Company of the US for R30-billion ($2.2-billion). The $18-a-share offer represents a premium of 23% to Stillwater’s prior day closing share... 

Hatch rises to challenge of Silo 20 Reinstatement Project at Majuba

     26th October 2016 The collapse of the upper section of Silo 20 at Majuba Power Station in Mpumalanga, following a catastrophic wall fracture in November 2014, posed a significant design and engineering challenge for consultant Hatch. Eskom’s second-largest power station, Majuba has an installed capacity of 4 110... 

Advantage, Nevada Sunrise to drill three holes at Clayton

By: Anine Kilian     19th October 2016 TSX-listed Advantage Lithium and its joint venture partner, Nevada Sunrise Gold, announced on Tuesday that a drilling program had begun at their Clayton North East (NE) property, which borders Albemarle's Silver Peak lithium brine production operation in Clayton Valley, Nevada. Montana-based... 

Carolina Capital closes Montana mine acquisition, to change name

By: Henry Lazenby     18th October 2016 Vancouver-based Carolina Capital has acquired a 100% interest, subject to certain underlying royalties, in the Montana-based Madison gold/copper project, where it has identified a series of existing gold and copper zones that remain open for expansion. The company, which has won approval from the... 

Maptek recognises customers in Hall of Fame awards at MINExpo 2016

     27th September 2016 Five customers were inducted into the Maptek Hall of Fame today. The award recognises outstanding dedication to Maptek and contribution to improving our products. Maptek Director of Client Experience, Steve Uecker, said that Maptek wished to honour significant customers who have championed Maptek... 

After 40 years of boom, bust hits America’s cowboy coal basin

By: Bloomberg     21st September 2016 The last bastion of the American coal industry has been breached. The bust that’s devastated Appalachia for five years has finally reached cowboy country’s Powder River Basin. For four decades, the 300-mile corridor stretching from Wyoming north into Montana thrived on the strength of the cleaner... 

Coal companies spend $95m on lobbying before bankruptcies

By: Bloomberg     28th June 2016 Five coal-mining companies spent $95-million to lobby US lawmakers and more than half a billion dollars on salaries for top executives in the decade before they filed for bankruptcy, according to a report by an environmental group. At the same time, the companies – Walter Energy, Patriot Coal,... 

Bleak quarters ahead for US coal producers as industry contracts faster than expected

By: Henry Lazenby     2nd June 2016 Analysts of the Fitch Group-affiliated company BMI Research have revised down their US coal production contraction forecast for 2016, from 12% to 20%, citing output declining at an accelerating pace. The firm now forecast US coal output to fall from 562-million tons in 2016, to 589-million tonnes... 

Samson spends A$16.5m on US wells

By: Esmarie Swanepoel     6th January 2016 A subsidiary of ASX-listed Samson Oil & Gas will pay A$16.5-million to acquire a parcel of oil and gas leases, including producing oil and gas wells, shut-in wells and associated facilities, in North Dakota and Montana. The properties currently produced about 720 bbl/d of oil, from 41 net... 

Tintina files mine operating permit application for Black Butte copper project

By: Henry Lazenby     17th December 2015 TSX-V-listed Tintina Resources has submitted a mine operating permit (MOP) application for the Johnny Lee copper deposit at its flagship Black Butte project, to the Montana Department of Environmental Quality (DEQ). The application comprised a comprehensive document detailing the development... 

PRASA: Government has final say on new CEO 

By: RDM News Wire      9th November 2015 The Passenger Rail Agency of South Africa (PRASA) has started the process of finding a new CEO in place of Lucky Montana‚ who was sacked earlier this year. In adverts for the post which appeared in newspapers last week‚ PRASA states that they are looking for “a results-orientated individual” “who... 

TransCanada asks US Secretary of State to halt Keystone XL review in bid to win time

By: Henry Lazenby     3rd November 2015 Delayed by years of bureaucratic red tape and environmentalist opposition, Canadian energy infrastructure operator TransCanada on Monday revealed that it had written a letter to US State Department Secretary John Kerry, asking the department to pause its review of the ‘presidential permit’... 

TransCanada to drop legal action, apply to Nebraska Public Service Commission for route certainty

By: Henry Lazenby     30th September 2015 Canadian energy infrastructure operator TransCanada will file an application with the Nebraska Public Service Commission (PSC) to seek approval for the Keystone XL route through the state. TSX- and NYSE-listed TransCanada on Wednesday changed tack, saying it would drop its current ‘eminent... 

First
Prev
1
2 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