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Press Office - WorleyParsons

WorleyParsons

WorleyParsons delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. We cover the full lifecycle, from creating new assets to sustaining and enhancing operating assets, in the power, hydrocarbons, mineral, metals and chemicals sectors. Our resources and energy are focused on responding to and meeting the needs of our customers over the long term and thereby creating value for our shareholders.

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South African in the Mars mix as race to the Red Planet heats up

By: Dylan Slater     24th March 2017 It is 2031 and the next space race has started with the launch of the largest-ever interplanetary space rocket and spaceship carrying four carefully selected astronauts on a mission to establish a human settlement on Mars – a planet that is about 225-million kilometres away. Heading for the... 

South African in the Mars mix as race to the Red Planet heats up 

By: Dylan Slater     24th March 2017 It is 2031 and the next space race has started with the launch of the largest-ever interplanetary space rocket and spaceship carrying four carefully selected astronauts on a mission to establish a human settlement on Mars – a planet that is, on average, 225-million km away.  

Gold company manager charged in vast Peruvian smuggling plot

By: Bloomberg     17th March 2017 The operations manager at a metals-refining company was charged with helping run a gold smuggling network that reaped-billions of dollars for illegal mines controlled by drug dealers and other criminals in South America. A criminal complaint against Juan Pablo Granda, 35, outlines a vast... 

Tanzanian ore export ban unlikely to be implemented – BMI

By: Megan van Wyngaardt     16th March 2017 Recent policies aimed at bolstering fiscal revenues, and a crackdown on tax evasion by the Tanzanian government, will increase investor uncertainty across various sectors and have a direct negative impact on the country's future growth, BMI Research's Africa Country Risk team said on Thursday.... 

Expect more oil price volatility over the coming months – Vitol

By: Kim Cloete     15th March 2017 A continuing massive stock overhang could contribute to more volatility in the oil price over the coming months, says energy and commodities company Vitol global analyst Simon Warren. He told delegates at the yearly conference of the African Refiners Association (ARA), in Cape Town, that despite... 

Refiners commit to producing clean fuels 

By: Kim Cloete     15th March 2017 Although Africa’s oil refining industry will need significant investments to adapt to the move by industry and the automotive sector to cleaner fuels, companies say they are committed to the change. “The impact will touch all sides of the industry, starting with refining and marketing. It will... 

Circum awarded Ethiopian potash mining licence

By: Henry Lazenby     14th March 2017 London-based potash project developer Circum Minerals has secured a mining licence for its Danakil potash project. The licence was approved by the Council of Ministers of the Federal Democratic Republic of Ethiopia and gives Circum exclusive access over the 4.9-billion-tonne Canadian National... 

Magara seizes Lonmin COO opportunity as he grasps low-price nettle 

By: Martin Creamer     13th March 2017 It’s 7 am. Ben Magara walks in bang on time for our interview. He left home at 4.15 am to be in the gym at 5 am and the office at 6 am. He has a nice spring in his step as he tells me that he has grasped the COO opportunity in addition to his role as CEO of platinum mining company Lonmin,... 

Deep surface salt bath hardening technique offered locally

By: Simone Liedtke     10th March 2017 Diversified manufacturing facility Frankwen Forge is now offering a unique tailor-made salt-bath hardening technique, the company states, explaining that the surface of the item is run through heated molten salt and then undergoes a water quench. 

Krugerrand testament to what South Africa can do through beneficiation

By: Megan van Wyngaardt     7th March 2017 The Krugerrand celebrates its fiftieth anniversary this year, marking a critical milestone in South Africa’s beneficiation of its precious metals. “The success of the Krugerrand shows it is possible to add value to our precious metals if we develop local capabilities and channel resources towards... 

Tanzania bans metals, minerals exports in bid to increase domestic beneficiation 

By: Megan van Wyngaardt     3rd March 2017 Aim-listed Acacia Mining on Friday said it had ceased exports of gold and copper concentrate from its operations in Tanzania, following a directive from the country’s Ministry of Energy and Minerals that all such exports be banned. In a statement, Acacia said it was urgently seeking further... 

SA-based company partners with Chad to develop country’s nascent minerals sector

By: Ilan Solomons     3rd March 2017 Gold mining, refining and resources development company Quaestec Gold Africa Resources has partnered with the government of Chad to develop the Central African country’s nascent mineral resources sector, says company CEO Charles Fourie. Chad’s gold deposits occur over 1 200 km, from the south to... 

Arconic names former UTC exec to board amid proxy fight with Elliott

By: Reuters     3rd March 2017 US specialty metals maker Arconic Inc said on Thursday it appointed former United Technologies Corp executive David Hess as an independent director on its board amid a proxy battle with hedge fund Elliott Management Corp. Arconic said Hess, formerly chief customer officer of aerospace at UTC,... 

Rathdowney closes C$7m private placement to progress permitting of Polish project

By: Henry Lazenby     3rd March 2017 TSX-V-listed project developer Rathdowny Resources has closed a C$6.9-million private placement, which will be used to further advance permitting of the company’s flagship Olza zinc/lead/silver project, in Poland. The Vancouver-based junior has also entered an unsecured C$30 000 debenture with an... 

Dakota access pipeline project, US

By: Sheila Barradas     3rd March 2017 The US Army Corps of Engineers has notified Congress that it will permit the project to allow for the pipeline to run under Lake Oahe, in North Dakota. 

Renewable energy storage solutions ‘go green’ with RTS Africa Engineering and Nel Hydrogen

     2nd March 2017 Hydrogen is emerging as one of the most viable and effective storage solutions for renewable energy in many key industries, including the transportation and power sectors. Since 1996, the Tshwane-based specialised engineering company, RTS Africa Engineering, has had the sole agency to represent... 

Hefty H1 losses paint depressed picture for Implats 

By: Ilan Solomons     23rd February 2017 Platinum miner Impala Platinum (Implats) has recorded a gross loss of R318-million for the six months to December 31, a significant increase on the loss of R40-million recorded in the six months to December 31, 2015. The group posted a headline loss of R508-million, compared with headline... 

Hudbay narrows loss as metals prices rise

By: Henry Lazenby     23rd February 2017 Canadian base metals producer Hudbay Minerals has reported a loss of $47.3-million, or $0.20 a share, for the three months to December 31, compared with a loss of $255.5-million for the comparable period a year earlier. For the full 2016, its loss narrowed to $35.2-million, $0.15 a share,... 

Sherritt to ramp up 2017 capex as it resumes oil & gas drilling, Ambatovy charges

By: Henry Lazenby     18th February 2017 Diversified miner Sherritt International says it expects to increase capital expenditure (capex) on new mining development and fleet upgrades this year. The Toronto-headquartered company said the majority of its $129-million capex budget for this year will be focused on completing the first Block... 

Major South African coal extension project on cards – South32

By: Martin Creamer     16th February 2017 A decision will be taken in the June quarter on go-ahead for the Klipspruit Life Extension coal project in Mpumalanga, which is said to have robust economics. The original BHP Billiton capital expenditure (capex) of $500-million-plus for the two-year development has been more than halved under... 

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... 

We will not act illegally when determining 2017 power tariffs – Nersa CEO

By: Terence Creamer     10th February 2017 Newly appointed National Energy Regulator of South Africa (Nersa) CEO Christopher Forlee insists that the Energy Regulator will not take any “illegal” decisions when making a determination in February about the trajectory of Eskom’s 2017 tariffs. Instead, any decision will seek to navigate the... 

Sweet coating solutions for the sugar industry from Thermaspray

     6th February 2017 Thermaspray, South Africa’s surface engineering and thermal spray coating technology specialist, offers a range of high quality coating techniques that assist the sugar industry in reducing maintenance costs by protecting both new and worn equipment parts and components against abrasive,... 

Keystone pipeline Gulf Coast expansion project, Canada and US

By: Sheila Barradas     3rd February 2017 TransCanada has resubmitted its Presidential Permit application to the US Department of State for approval of the Keystone pipeline Gulf Coast expansion project. 

New Nersa chief insists regulator will not act illegally when determining 2017 power tariffs

By: Terence Creamer     31st January 2017 Newly appointed National Energy Regulator of South Africa (Nersa) CEO Christopher Forlee insists that the Energy Regulator will not take any “illegal” decisions when making a determination in February about the trajectory of Eskom’s 2017 tariffs. Instead, any decision will seek to navigate the... 

Burner management systems market anticipates 5.5% growth by 2024

     27th January 2017 The global market for burner management systems (BMS) is projected to be worth $7.39-billion by 2024, expanding at a compound annual growth rate (CAGR) of 5.5% in that period, explains market research service provider Transparency Market Research (TMR). 

Keystone pipeline Gulf Coast expansion project, Canada and the US

By: Sheila Barradas     27th January 2017 US President Donald Trump has cleared the way for the contentious TransCanada’s Keystone XL oil pipeline to be built in the US. 

La Mède biorefinery project, France

By: Sheila Barradas     27th January 2017 Total is transforming its La Mède site into France’s first biorefinery, which is expected to be one of the largest in Europe once completed. 

Despite disappointing Q1 production figures, Lonmin maintains FY17 guidance

By: Ilan Solomons     26th January 2017 Platinum producer Lonmin is disappointed by first-quarter production figures at its Generation 2 shafts; however, with the initiative of deploying additional stoping and vamping crews and the expected platinum ounces from the smelter clean-up project, it is maintaining its sales guidance for the... 

On-The-Air (20/01/2017) 

By: Martin Creamer     20th January 2017 Davos this week gave platinum fuel cells a huge boost with the launch of the massive Hydrogen Council; Sibanye’s audacious bid to buy America’s biggest platinum mines is poised to benefit Southern Africa enormously; A second judge has chided the Department of Mineral Resources for ineptitude. 

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... 

Davos boosts platinum fuel cell outlook with hydrogen council launch 

By: Martin Creamer     18th January 2017 Hydrogen-powered fuel cell electric vehicles (FCEVs) offer the most natural solution for emission-free vehicles, discharging only water and requiring negligible change to current driving and refuelling habits, which is why 13 leading energy, transport and industry companies this week chose Davos... 

Ghana govt renews Goldplat licence  

By: Martin Creamer     20th December 2016 The Ghanaian government has granted Goldplat a three-year licence renewal to buy and deal in gold in the country. Gold Recovery Ghana, the London Aim-listed company’s wholly owned gold recovery subsidiary in Ghana, recovers gold from by-products of the mining process, providing an economic method... 

Platinum fuel-cell plant being built in Korea by Implats project supplier

By: Martin Creamer     13th December 2016 The company that is building South Africa’s first multi-megawatt platinum-catalysed fuel-cell power plant in South Africa is simultaneously building an even larger fuel-cell power plant in Korea under a renewable energy classification. Doosan Fuel Cell America, which is laying on an eventual 20... 

Platinum marketing needs collaboration – Sibanye

By: Martin Creamer     12th December 2016 Platinum marketing is in urgent need of the correct coordination, collaboration and cooperation with immediate consideration needing to be given to encouraging, igniting and catalysing own-requirement growth. With gross metal demand having seen no growth in the last ten years, pressure on the... 

South Africa can learn from SADC neighbours about policy – Leon 

By: Megan van Wyngaardt     12th December 2016 Despite being a small, agriculturally marginal, predominantly semi-arid, landlocked nation, Botswana has experienced rapid economic development, owing to the correct policies being in place. This, Herbert Smith Freehills Africa practice cochairperson and partner Peter Leon said, showed what can... 

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... 

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