R/€ = 15.48 Change: 0.09
R/$ = 13.16 Change: 0.13
Au 1284.50 $/oz Change: -1.61
Pt 977.00 $/oz Change: -2.00


Ethylene cracking furnaces project, China

By: Sheila Barradas     18th August 2017 The project entails the construction of nine ethylene cracking furnaces for a four-million-ton-a-year refining and chemical integrated complex. 

Krugerrand demand resurgence anticipated to result in record sales  

By: Ilan Solomons     16th August 2017 Increased demand for gold has supported sales of the gold bullion Krugerrands and this year is predicted to yield the highest sales since the 1980s, with an expected 15% to 20% increase on the 1.1-million ounces of the coins sold in 2016. This is according to precious metal smelting and refining... 

India, Iran talks on Farzad B gasfields near breaking point 

By: Ajoy K Das     16th August 2017 The protracted negotiations between India and Iran on the Farzad B gasfields have come to a halt following a hardening of stance by both countries. No top level talks between officials of India and Iran have been held since the expiry of the last deadline of February, but official written... 

Sibanye Gold continues its contrarian path with its purchase of a US mining company.

     10th August 2017 Despite low commodity prices and political uncertainty in the mining sector, South African-based mining company Sibanye Gold announced in December last year that it had agreed terms to buy a little known US-based miner. The purchase of Stillwater Mining Company for US$2.2-billion, which was... 

Copper Mountain reports buoyant Q2 results

By: Henry Lazenby     8th August 2017 The TSX-listed stock of midtier miner Copper Mountain gained up to 7% on Tuesday, following the company reporting encouraging second quarter results. The company, which owns and operates the Copper Mountain mine, in southern British Columbia, expects to be ideally placed to take advantage of... 

Peru's La Oroya smelter faces liquidation after failed auctions

By: Reuters     26th July 2017 Peru's nearly 100-year-old polymetallic smelter La Oroya failed to draw any offers on Wednesday in the last of six scheduled auctions, delivering a blow to President Pedro Pablo Kuczynski's plans to expand the Andean country's metals refining capacity. Kuczynski had extended the liquidation... 

Tongaat Hulett launches R550m sugar refinery project in Mozambique

By: Anine Kilian     24th July 2017 Sugar producer Tongaat Hulett on Monday launched a R550-million 90 000 t/y refinery to process brown sugar into white sugar at its Mozambique-based Xinavane sugar mill. The refinery will produce its first product in September 2018. 

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.  

Lithium Americas inks investment agreement with Thai energy company

By: Samantha Herbst     18th July 2017 Niche minerals company Lithium Americas has closed an investment agreement with BCP Innovation, a wholly owned subsidiary of Thai energy company Bangchak Corporation Public Company, in which the latter has agreed to provide Lithium Americas with an aggregate of $113-million to fund a portion of... 

Gjøvik wood fibre production plant project, Norway

By: Sheila Barradas     7th July 2017 The project entails the construction of a new wood fibre production plant in Hunndalen, Gjøvik.  

New Gold’s Rainy River progresses on schedule, budget

By: Henry Lazenby     28th June 2017 Canadian miner New Gold on Tuesday reported that construction of its $1-billion-plus Rainy River project, in Ontario, remains on track to start operations in September, with commercial production expected to follow in November. “Through the second quarter, our team has both successfully commenced... 

Sherritt rings TSX opening bell in celebration of 90 years in business

By: Henry Lazenby     22nd June 2017 Canadian diversified miner Sherritt International on Thursday rang the opening bell of the TSX in celebration of the company’s 90 years of operations and 21 years being listed on Canada’s largest stock exchange. Senior VP for human resources Karen Trenton had the honour of opening the market for... 

Xtract, Nexus amend mining agreement

By: Megan van Wyngaardt     20th June 2017 Xtract Resources and Nexus Capital have agreed to revise the terms of their collaboration agreement for the exploitation of alluvial gold deposits at the Manica project, in Mozambique. The parties in February agreed that the alluvial gold interest would be developed jointly through the... 

Lydian hits Amulsar milestones as construction proceeds apace

By: Henry Lazenby     20th June 2017 Construction of Lydian International’s 100%-owned Amulsar project, in Armenia, is advancing fast with 58% of the $369.9-million project capital committed as of May 31. Priority will now shift to advancing site earthworks. 

Onshore gas production Africa: ‘We’ve walked the road many still fear to tread’ Renergen COO

     15th June 2017 South Africa’s sole onshore natural gas project Tetra4 owner Renergen has just secured $17m of government funding. Chief Operating Officer Nick Mitchell will reveal more about this landmark project at the Oil & Gas Africa Conference in Cape Town next month Thirteen gas wells make up the Tetra4... 

Impact of copper strikes fizzles on scrap inflow, mine rebound

By: Bloomberg     12th June 2017 Disruptions at the two biggest copper mines early this year may have only a muted impact on prices after a surge of scrap metal partially filled the supply gap and a recovery in mine output is due to help in the second half. A strike at the world's biggest copper mine, Chile's Escondida, and... 

Why engineers from across sub-Saharan Africa will head for the Western Cape in July

     12th June 2017 Cape Town is the hub of the oil, gas & petrochem sector for sub-Saharan Africa and the city hosts Oil & Gas 2017, a three-day conference and expo. Engineers are being invited to Cape Town this July for Oil & Gas 2017 with its unique three-day conference, with presentation on issues from fracking... 

Industry trends shift towards efficient, intelligent strategies

By: Tasneem Bulbulia     9th June 2017 The main feature of global demand for energy is a shift to maximising efficiency through delivering energy at the lowest cost per kilowatt per hour, says independent process industry consultant Santosh Gunpath. He tells Engineering News that this was evident from his interactions with industry... 

Scotgold sells first branded ‘Scottish Gold’ to jewellers

By: Mariaan Webb     7th June 2017 Aim-listed Scotgold Resources has signed a sales agreement with two manufacturing jewellers, marking its first sale of branded ‘Scottish Gold’ to the jewellery industry. The agreement covers about 16 oz from the first refining batch of Scottish Gold produced during the bulk processing trial (BPT)... 

Pallinghurst scores as Jupiter dishes out $25m more

By: Martin Creamer     5th June 2017 Pallinghurst mining company Jupiter Mines on Monday announced that it would make a further $25-million distribution to its shareholders in September. The Johannesburg Stock Exchange-listed Pallinghurst, which is an 18.43% shareholder in Jupiter, expects to receive a further distribution of... 

Daesan refining and petrochemicals integrated platform expansion project, South Korea

By: Sheila Barradas     2nd June 2017 The project aims to increase Daesan's ethylene capacity by 30%. 

Full range of corrosion control products available in Southern Africa

     2nd June 2017 Corrosion control product supplier JST International’s (JST’s) cathodic protection and impressed current cathodic protection systems and corrosion resistant pipe supports product ranges have been expanded to include the full range of corrosion control coatings and wrappings in Southern Africa. 

Shell completes exit from Canadian oil sands

By: Henry Lazenby     31st May 2017 The world’s second largest publicly traded oil company Royal Dutch Shell is exiting Canada’s oil sands sector after announcing that subsidiaries Shell Canada Energy, Shell Canada Limited and Shell Canada Resources signed two agreements that will transform its Canadian business. Under the two... 

Danakali finds power solution for Colluli

By: Esmarie Swanepoel     31st May 2017 Potash developer Danakali has appointed a preferred power provider for its Colluli project, in Eritrea, following a tender process. US-based Inglett and Stubbs International has now been appointed as the preferred power provider, and Danakali said on Wednesday that work will now start on further... 

Chamber looks forward to years when platinum Mandela coin gains pre-eminence 

By: Martin Creamer     30th May 2017 The Chamber of Mines of South Africa is looking forward to the years when a platinum Mandela coin gains pre-eminence globally, emulating South Africa’s great success with gold coinage. This month’s launch by the UK’s Royal Mint of its first-ever platinum bullion products has rekindled hopes that... 

Tongaat sugar output in recovery after two-year drought

By: Natasha Odendaal     30th May 2017 After two consecutive years of having been impacted by a severe drought, Tongaat Hulett’s sugar production levels across its regions are starting to recover, with the company now edging closer to its full two-million-ton-a-year capacity. Total sugar production is expected to recover over two... 

Metro signs LoI with Chinese offtaker

By: Esmarie Swanepoel     30th May 2017 Bauxite developer Metro Mining has signed a non-binding letter of intent (LoI) with Chinese chemicals group Shandong Aluminium Company (Lubei) for the supply of up to one-million tonnes a year of bauxite, over a three-year period, from the Bauxite Hills mine, in Queensland. The supply agreement... 

SA Mint should review Mandela coin plans after Royal Mint blazes new platinum coin trail

By: Martin Creamer     26th May 2017 The decision of the Royal Mint, in the UK, to launch its first-ever platinum bullion products has rekindled hopes that the South African Mint will wipe the dust off its plans for a Mandela coin in platinum and mimic some of its gold coin success. In what is potentially a beneficial measure to... 

Ethane steam cracker and polyethylene facility project, US

By: Sheila Barradas     26th May 2017 The project involves the construction of a new light feed cracker and a new polyethylene facility on the US Gulf coast. 

Pallinghurst share price leaps on value unlock outline

By: Martin Creamer     19th May 2017 The share price of mining investment fund Pallinghurst leapt in Johannesburg after the company outlined its plans to swop its investment fund shawl for a diversified miner’s mantle, unlock value through full absorption of its coloured gemstone associate and target a possible listing of the... 

New cost-slashing platinum technology gaining impressive momentum

By: Martin Creamer     18th May 2017 The new cost-slashing, time-saving, capital-unlocking, mine-broadening and cobalt-saving platinum technology, driven by diversified mining company Pallinghurst and South Africa’s State-owned Industrial Development Corporation (IDC), is gaining impressive international momentum as an initiative... 

Report sketches optimistic outlook for BC mining sector

By: Creamer Media Reporter      17th May 2017 The mining industry in British Columbia is cautiously optimistic as prices of key metal and resource commodities either rose or stabilised in 2016, new analysis by professional services firm PwC Canada has found. The trend continued into the first quarter, building on net mining revenues rising... 

Focus on future uranium tech amid subdued price

By: Robyn Wilkinson     12th May 2017 With innovations in the extraction and application of uranium constantly being made, the Uranium 2017 International Conference will provide a platform for the discussion of advances in the industry and a forum for generating new ideas. 

Hudbay narrows first-quarter loss as metals prices rise

By: Henry Lazenby     4th May 2017 Base metals producer Hudbay Minerals has narrowed its first-quarter net loss to $2.3-million, or $0.01 a share, thanks in part to rising copper and zinc prices, but offset by lower copper sales volumes owing to a shipping delay. This compares with a net loss of $15.8-million, or $0.07 a share,... 

Kefi’s inherited $12m claim reduced to $600 000, fights for further reductions

By: Natasha Odendaal     2nd May 2017 An inherited claim of $12-million for damages during exploration field activities at the Tulu Kapi gold project, in Ethiopia, between 1998 and 2006 has been reduced to $600 000, Kefi Minerals said on Tuesday. The potential legacy liabilities – for a period which had predated Kefi’s involvement in... 

Job losses loom at troubled Marula – Implats

By: Martin Creamer     26th April 2017 Despite ongoing engagement between all stakeholders to restore operational continuity and secure the financial sustainability of the Marula platinum operation, continued community protest action and persistently low metal prices have now necessitated a fundamental restructuring of the business to... 

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... 

Pressure, temperature transmitter launched for downhole applications

     21st April 2017 Last month, US-based Emerson Automation Solutions introduced the Paine 328-12-0010 pressure and temperature data logger and digital transmitter for process measurement and data logging in downhole drilling applications. The company notes that downhole drilling operators need to measure pressure... 

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