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Press Office - SRK Consulting

SRK Consulting

SRK provides expert advice and solutions for clients requiring specialised services, mainly in the fields of mining, geotechnics, water, waste and the environment.

SRK seeks to serve clients across a range of industries that are primarily natural resource based. The firm’s primary business is the provision of professional consulting services.

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Alrosa says can't reach an area of 4 missing miners

By: Reuters     15th August 2017 Rescuers have been unable to reach the area of an underground mine in Siberia where four of eight missing miners might have been working during a partial flood this month, Russian diamond producer Alrosa said on Tuesday. State-controlled Alrosa has been searching for the eight missing miners... 

Strong financials keep Polyus on track to meet production guidance

By: Samantha Herbst     14th August 2017 Following positive operational and financial progress during the first half of 2017, London- and Moscow-listed Polyus remains on track to meet its full-year production guidance of between 2.08-million ounces and 2.13-million ounces. 

Alrosa says 2017 output target unchanged despite accident - Ifax

By: Reuters     14th August 2017 Russian state-controlled diamond miner Alrosa's 2017 production plans remain unchanged despite an accident at its Mir underground mine in eastern Siberia, it said on Monday. Rescue teams are still searching for eight workers in Alrosa's underground Mir mine in the remote Yakutia region of... 

Russian tycoon Prokhorov agrees to sell 7% stake in Rusal to Vekselberg

By: Reuters     11th August 2017 Russian aluminium giant Rusal said tycoon Mikhail Prokhorov has agreed to sell around a 7% stake to billionaire Viktor Vekselberg for $503.9-million, concluding lengthy negotiations over a sale. Prokhorov, a minority shareholder in Hong Kong-listed Rusal, had been in talks to sell a 12% stake in... 

Evraz doubles H1 profit, to pay first dividend since 2014

By: Reuters     10th August 2017 Russian integrated steel and mining company Evraz reported a doubling in first-half core profits on Thursday and proposed its first dividend since 2014, with results buoyed by higher coking coal and steel prices. Evraz, Russia's top producer of coking coal, said its earnings before interest,... 

Alrosa searches for 8 workers missing after flooding at diamond mine

By: Reuters     7th August 2017 Rescue teams were still searching on Monday for eight workers missing in a flooded underground mine owned by Russian diamond miner Alrosa after one miner was rescued over the weekend. Parts of the "Mir" ("Peace" or "World") mine in the remote Yakutia region of eastern Siberia flooded on Friday... 

Alrosa says searching for 16 miners after accident at its mine

By: Reuters     4th August 2017 Rescue teams are searching for 16 workers missing in a mine owned by Russian diamond miner Alrosa after the pit flooded on Friday, the company said. A total of 102 miners have been already brought to the surface and another 33 miners have been located and are in the process of being evacuated,... 

Romanov dynasty gets nod in trove with record Russia diamond

By: Bloomberg     2nd August 2017 The most-expensive diamond ever polished in Russia will be shown in Moscow as part of a collection of gems named after the dynasties of the Romanov-era Imperial Court. In 2015, Alrosa discovered a giant, 179-ct rough diamond in a mine in the northeast region of Sakha, naming it Romanov after the... 

Brics industry ministers adopt action plan to deepen industrial cooperation

By: African News Agency      31st July 2017 The second meeting of Brics (Brazil, Russia, India, China and South Africa) industry ministers held in Hangzhou in China has adopted a seven-point “action plan” on deepening industrial cooperation among Brics countries, the trade and industry department (DTI) said on Sunday. The action plan... 

Nuclear seen featuring alongside renewables in future energy mix

By: Dylan Slater     28th July 2017 During the yearly atomic energy forum – Atomexpo 2017 – which was held in Moscow last month, a round-table discussion featuring several energy experts agreed that a sustainable future power generation mix would almost certainly use an increased amount of nuclear energy in conjunction with... 

Why Russia's market is rising after sanctions Bill approval

By: Bloomberg     27th July 2017 The US House has approved a bill hardening sanctions against Russia, but European resistance to some of its toughest new measures means the impact on companies will be muted, according to Goldman Sachs Group and Deutsche Bank. As it stands now, the most negative aspect of the bill for Russia,... 

Polymetal says Q2 revenue up 26% to $385m

By: Reuters     25th July 2017 Russian gold and silver producer Polymetal said on Tuesday its second-quarter revenue rose 26% year-on-year to $385-million due to an increase in production and higher sales of gold. The company, part-owned by businessman Alexander Nesis, said its gold equivalent production, a mixture of gold... 

Historic Russian nuclear site hosts oldest and newest nuclear technology

By: Dylan Slater     21st July 2017 During a nuclear power plant (NPP) site visit that coincided with the yearly Atomexpo 2017, which was held in Moscow last month, Russian State-owned atomic corporation Rosatom showcased its safest and most modern nuclear reactor technology to delegates at the landmark Novovoronezh NPP (NvNPP) site.  

Nuclear collaboration is all that this country is looking for

By: Kelvin Kemm     14th July 2017 I spent a week in Moscow recently, attending the yearly Russian nuclear power conference and exhibition, Atomexpo 2017. As chairperson of the South African Nuclear Energy Corporation, or Necsa, I was invited to chair the opening session of the conference, which was attended by hundreds of people... 

Prelude floating liquefied natural gas project, Australia

By: Sheila Barradas     7th July 2017 The floating liquefied natural gas facility for the Prelude operation has left South Korea on its way to Australia. 

Poland sees Trump visit catalyst to cut Russian gas reliance

By: Bloomberg     5th July 2017 Polish leaders are betting Donald Trump’s visit to Warsaw starting on Wednesday, two days before the US President meets his Russian counterpart, will bolster their efforts to reduce the nation’s dependence on natural gas from its eastern neighbour. Less than a month after Poland’s Baltic Sea... 

Nuclear power increasingly replacing traditional sources of power generation – Kemm 

By: Dylan Slater     20th June 2017 The world is entering a new phase of energy development and nuclear-powered electricity generation has a key role to play in phasing out carbon-based energy generation, nuclear physicist and South African Nuclear Energy Corporation chairperson Dr Kelvin Kemm said during a plenary discussion at... 

Rosatom, Zambia agree to cooperate on nuclear energy development 

By: Dylan Slater     19th June 2017 Rusatom Overseas, a division of Russian State-owned atomic corporation Rosatom, on Monday signed a project development agreement (PDA) with Zambia, paving the way for a preliminary feasibility study into the proposed construction of a nuclear power plant. The signing took place during the yearly... 

New Russia sanctions impact muted even as energy shares sag

By: Bloomberg     16th June 2017 For investors in Russia’s energy and metals sectors, the US Senate’s bill to expand sanctions was a blow. Whether it will hurt Russian companies targeted by the legislation is less certain. The Senate bill proposes adding restrictions to banks’ and energy companies’ ability to raise capital, and... 

Owner of $1bn cobalt project says rally is far from over

By: Bloomberg     5th June 2017 Tight cobalt supplies will keep boosting the price of one of this year’s hottest commodities, according to Eurasian Resources Group, which is developing an almost $1-billion project in the Democratic Republic of Congo (DRC). Cobalt jumped 71% this year on surging demand for the metal used in... 

Polyus launches secondary share offer in London, Moscow

By: Reuters     5th June 2017 Russia's top gold producer Polyus will offer new and existing shares in a secondary share offering in both London and Moscow, it said on Monday, in a deal that will test investor appetite for Russian assets. 

Rusal's refinancing frees firm to pay dividends when it wants

By: Bloomberg     2nd June 2017 United Co. Rusal, the largest aluminum producer outside China, will be able to pay dividends without the approval of its lenders for the first time in at least seven years after recent refinancing eased debt covenants. The company conducted two eurobond sales this year and tapped the panda bond... 

Israeli diamond billionaire Leviev buys into Zambia emerald mine

By: Bloomberg     1st June 2017 Billionaire Lev Leviev, who made his fortune undercutting De Beers’ former diamond monopoly, has bought half of one of Africa’s biggest emerald mines. Leviev bought into the Grizzly emerald mine in Zambia’s Copperbelt province, which borders the Democratic Republic of Congo, Kombadayedu Kapwanga,... 

Russian mining tycoons eyeing return to London's stock market

By: Bloomberg     26th April 2017 For three years, Russian companies retreated from the London stock market. Now, a pair of oil and mining-billionaires is hoping to break the drought. En+ Group, owned by aluminium magnate Oleg Deripaska, and Polyus PJSC, a gold producer controlled by the family of Suleiman Kerimov, are planning... 

Interest in nuclear energy said to be rising across sub-Saharan Africa 

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Interest in nuclear energy said to be rising across sub-Saharan Africa

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Volatile global politics arouses bulls with gold at 5-month high

By: Bloomberg     12th April 2017 Worries about the unpredictability of a Donald Trump presidency are revitalising gold. Bullion is trading at the highest level since the week in November when Trump won the US election as rising global tensions surrounding Syria and North Korea strain investors’ nerves. A standoff between the US... 

Africa needs nuclear energy – Rosatom 

By: Keith Campbell     30th March 2017 Sub-Saharan Africa has a real need for, and rapidly growing interest in, nuclear power. This was affirmed by Rosatom International Network Regional VP: Sub-Saharan Africa Viktor Polikarpov at the Nuclear Africa 2017 conference on Wednesday. Rusatom International Network is part of Russia's... 

MICROMINE Russia is proud to sponsor the finalists at the 2017 Case-In International Engineering Championships.

     8th March 2017 MICROMINE Russia announced they would be sponsoring an additional place at this year’s Case-In International Engineering Championships. The purpose of the Championship is to identify and support the most promising students in the fields of mining, electric power, exploration, metallurgy and oil... 

Putin ally grabs giant gold deposit in barely contested auction

By: Bloomberg     26th January 2017 A long-time ally of President Vladimir Putin has snapped up a chunk of Russia’s giant Sukhoi Log gold field in a barely contested government auction. Bidding for the deposit was won by a venture between State-owned Rostec Corp. and Polyus PJSC, Russia’s biggest miner of the metal, after it made a... 

Diamond tables are turned as market discipline, restocking support prices in 2016

By: Henry Lazenby     16th December 2016 The Zimnisky Global Rough Diamond Price Index is up 12.1% in 2016 through to mid-December, driven higher in the first-half of the year as firm market demand for rough returned as manufactures restocked following the 2015 holiday season. The brainchild of independent diamond analyst Paul Zimnisky,... 

The great autocrat

By: Keith Campbell     16th December 2016 One of the highest points of my career as a journalist happened, back in 1994, when I interviewed then Cuban President Fidel Castro, in Pretoria. He was attending the inauguration of President Nelson Mandela. Castro was unquestionably a very impressive man. And there can be no doubt that, love... 

Prelude floating liquefied natural gas project, Australia

By: Sheila Barradas     15th December 2016 JGC Corporation has received an order for the construction management and completion support services for the project. 

SA’s science policy to be reviewed but global cooperation will remain

By: Keith Campbell     21st October 2016 South Africa is to review its policy and plans regarding science, technology and innovation. This was stated by Science and Technology Minister Naledi Pandor at the Fourth Ministerial Meeting of Brics (Brazil, Russia, India, China and South Africa) Ministers Responsible for Science and... 

Russian NPP design technology in global demand

By: Anine Kilian     18th October 2016 Russian nuclear company Atomstroyexport (ASE), a part of Russian State-owned Rosatom group, which designs and constructs nuclear power plants (NPPs) globally, is currently running construction projects in India, Bangladesh, Turkey, Egypt, China and Hungary – an indication that Russian-built NPPs... 

Mondi buys Russian packaging company for €41m

By: Creamer Media Reporter      10th October 2016 JSE- and LSE-listed Mondi will acquire Russia-based corrugated packaging producer Beepack for €41-million from a private investor. The transaction, which remains subject to customary closing conditions and is expected to be finalised in the fourth quarter of this year, will be bought on a... 

Reassurance in a stormy world

By: Keith Campbell     30th September 2016 After a review that lasted some two months, British Prime Minister Theresa May gave the go-ahead for the Hinkley Point C nuclear power plant (NPP), which will be built by a partnership between France’s State-owned Électricité de France (EDF) and China General Nuclear Power (CGN), another... 

Biggest commodity surprise of 2016 is a windfall for miners

By: Bloomberg     9th September 2016 The surprise surge in coal prices should provide an unexpected profit boost for the world’s biggest mining companies as they navigate a commodity downturn that sapped earnings. Gains for coking coal, used with iron-ore to make steel, accelerated in recent weeks and benchmark prices from top... 

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