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Century Aluminum CEO: will recall workers if Trump imposes tariffs

By: Reuters     23rd February 2018 The main US producer of high-purity aluminium used in military aircraft is poised to begin restarting idled production lines at its smelter in eastern Kentucky and recall some 350 workers if President Donald Trump imposes aluminium import curbs. Century Aluminum CEO Michael Bless told Reuters on... 

Reduced funding triggers organisational turnaround

By: Donald Makhafola     23rd February 2018 Owing to the Department of Defence's reduced funding allocation for defence in the country, acquisition agency Armscor has undergone the first phase of an organisational turnaround which will lead its top priorities being revenue generation, cost efficiency, and effective delivery of key products... 

Russian group thinks nuclear power still has a future in South Africa

By: Rebecca Campbell     22nd February 2018 Russia’s State-owned nuclear corporation Rosatom still believes that nuclear energy has a place in the future development of South Africa. This follows comments made by Finance Minister Malusi Gigaba on Wednesday (Budget Day), which suggested that the country’s planned programme to build a fleet... 

SUVs push global new-car sales up by 2.4%, EV sales up 78%

By: Irma Venter     21st February 2018 The global new-car and light commercial vehicle (LCV) market grew by 2.4% in 2017, to 86.05-million units, compared with 2016, according to data released by UK automotive business intelligence group JATO Dynamics. “The automotive market performed well in 2017, with established economies... 

Polymetal secures offtake for Kyzyl concentrate

By: Creamer Media Reporter      21st February 2018 LSE-listed Polymetal has secured an offtake agreement with one of its established trading partners for 50% of the forecast high-carbon concentrate production from the Kyzyl project, in north-eastern Kazakhstan, with an option to increase this to 100% of its yearly concentrate output. Polymetal... 

As Trump takes aim at foreign metal, Canada argues for exemption

By: Bloomberg     20th February 2018 The biggest steel and aluminium exporter to the US is hopeful of being left out of a Trump administration crackdown on foreign shipments. The US Commerce Department didn’t recommend giving Canada a pass when it outlined possible tariffs and quotas on Friday, but it did single out its northern... 

Seifsa worried about potential impact of proposed US steel import tariff increases

By: Megan van Wyngaardt     20th February 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) has warned that the difficulties facing the local steel industry would continue to worsen in the year ahead if the US Department of Commerce's recommendation for a tariff of at least 53% on all steel imports from 12... 

RCT's Head of Product Management Dave Holman, RUC Cementation Mining's Finance Director John Walters view the signing of the partnership agreement with RUC Cementation Mining General Manager Barry Upton and RCT's Executive Director and CEO Brett White.

     20th February 2018  RUC Cementation Mining Contractors and RCT partnership Smart Technology company RCT and leading underground mining contractor RUC Cementation Mining Contractors have partnered together to further develop and deliver innovative technologies to the underground mining industry. The global... 

As 'America First' turns to steel, Canada looks to duck trump ax

By: Bloomberg     20th February 2018 Canada, the top steel and aluminum exporter to the US, is hopeful of being left out of a Trump administration crackdown on foreign shipments. While the US Commerce Department didn’t recommend giving its northern neighbor a pass when it outlined possible tariffs and quotas on Friday, it did... 

Russian magnate Deripaska to quit roles at his two biggest firms

By: Reuters     19th February 2018 Russian billionaire Oleg Deripaska plans to step down as the president of the two companies he controls - aluminium giant Rusal and En+ Group, two sources familiar with the matter told Reuters. The change comes less than a month after the inclusion of Deripaska and dozens of Russian billionaires... 

Novatek says wins auction for Alrosa's gas assets

By: Reuters     19th February 2018 Novatek, Russia's largest non-State gas producer, said on Monday it had won an auction for Alrosa's two gas assets with a bid of 30.3-billion roubles. Novatek has been actively buying upstream assets in an effort to boost sluggish natural gas output. 

Polymetal ups its stake in undeveloped silver property

By: Mariaan Webb     19th February 2018 LSE-listed Polymetal has entered into an agreement to increase its interest in an undeveloped silver deposit in Sakha, Far Eastern Russia, which the company believes has the potential to be one of the world’s top three primary silver mines in future. Polymetal has entered into a legally binding... 

No Brics leader among those who first phoned President Ramaphosa, on Sunday

By: Rebecca Campbell     19th February 2018 Not one of the five world and regional leaders who formed the first group to phone new South African President Cyril Ramaphosa on Sunday to hold preliminary discussions with, and to congratulate, him came from a Brics (Brazil, Russia, India, China and South Africa) group country. Two of the... 

Nornickel tycoons said to avoid shoot-out sale in share dispute

By: Bloomberg     19th February 2018 Billionaires Oleg Deripaska and Vladimir Potanin’s working arrangement at MMC Norilsk Nickel is starting to fray, but the tycoons aren’t planning to trigger a so-called shoot out - a forced auction where the losing bidder must sell his stake to the winner, three people familiar with situation... 

US seeks to boost output of 35 minerals, reduce import reliance

By: Reuters     17th February 2018 The United States should boost domestic production of 35 critical minerals including uranium, cobalt and lithium, to reduce its reliance on foreign suppliers, the Interior Department said on Friday. Aluminium and potash are also on the draft list of 35 critical materials used in basic... 

Russia's mining billionaires are back to fighting over Nornickel

By: Bloomberg     16th February 2018 The billionaire owners of Russia’s biggest mining company have revived a years-old feud. Oleg Deripaska, one of the top shareholders of MMC Norilsk Nickel, wants to stop Roman Abramovich from selling a stake in the company that may worth $1.5-billion, according to three people familiar with... 

Russian views on the future of civil aeronautics

By: Rebecca Campbell     16th February 2018 People are concerned about noise, emissions and safety. We are working to make aviation safer, greener and more comfortable for people,” highlighted Professor Sergey Chernyshev, general director of Russia’s renowned Central Aerohydrodynamic Institute (much better known in English by the... 

Russian views on the future of civil aeronautics

By: Rebecca Campbell     16th February 2018 “People are concerned about noise, emissions, and safety. We are working to make aviation safer, greener and more comfortable for people,” highlighted Professor Sergey Chernyshev, General Director of Russia’s renowned Central Aerohydrodynamic Institute (much better known in English by the... 

Polyus sold more gold last year to bailed-out bank Otkritie

By: Reuters     15th February 2018 Russia's largest gold producer Polyus sold more gold last year to Otkritie bank, which was rescued last August by the country's central bank, Polyus's 2017 management report showed on Thursday. Russian gold producers usually sell their product to Russian banks which then sell it on to the... 

Russians, Saudis may go beyond oil alliance with LNG project

By: Bloomberg     15th February 2018 Russia and Saudi Arabia are seeking ways to amplify the success they’ve had working together to manage the oil market by reaching new energy deals, including one on liquefied natural gas. Signing a memorandum, Russian gas producer Novatek and Saudi oil giant Aramco agreed to consider teaming up... 

Polyus’ 2017 performance reflects strength of assets – CEO

By: Mariaan Webb     15th February 2018 Russia’s largest gold mining company Polyus on Thursday reported a 7% increase in its adjusted net profit to $1.02-billion, boosted by higher production and sales. The miner, which is listed in London in June last year, produced and 2.16-million ounces of gold in 2017, at an average realised... 

Russian 2017 gold output at 306.9 t – Finance Ministry

By: Reuters     13th February 2018 Russia produced 306.9 t of gold in 2017, up from 288.5 tin 2016, the Finance Ministry said on Tuesday. Production for the period included 253.9 t of mined gold compared with 237.8 tin 2016, the Ministry said in a report. 

Resource-rich Mongolia rejects cap on foreign workers for 2018

By: Reuters     13th February 2018 Mongolia will not put a cap on immigration in 2018, authorities said on Tuesday, after lawmakers rejected new policy proposals that set to put tough restrictions on the numbers of foreign workers in the remote north Asian nation. Some members of Mongolia's Parliament sought to limit the number... 

Zuma defiant till the end as party moves to recall him

By: News24Wire      13th February 2018 A defiant President Jacob Zuma has refused to resign immediately as head of state, daring the African National Congress's (ANC's) National Executive Committee (NEC) to recall him. The party's highest decision making body resolved to recall him, invoking the clause in the African National Congress... 

Alrosa sold diamonds worth $504.5m in January

By: Reuters     13th February 2018 Russia's Alrosa said on Monday it had sold rough and polished diamonds worth $504.5-million in January. Rough diamond sales had amounted to $499-million and polished diamond sales to $5.5-million, it said in a statement. 

Russia says discussing road map for usage of PGMs with South Africa

By: Reuters     12th February 2018 Russia and South Africa are discussing a road map for the usage of platinum group metals (PGMs), Russian Natural Resources Minister Sergei Donskoi said in a statement on Friday. Donskoi discussed the need for more active cooperation in the usage of PGMs with his South African counterpart in... 

Global aeronautics body promoting networking among young researchers

By: Rebecca Campbell     9th February 2018 The International Forum for Aviation Research (IFAR) is seeking to develop international interactions between young professionals working in both technical and non-technical areas of aviation research around the world. This initiative is described as “early career networking” and is a focus area... 

Petropavlovsk names external candidate as new CEO

By: Creamer Media Reporter      8th February 2018 London-listed miner and explorer Petropavlovsk has completed its external search for a CEO and on Thursday announced the appointment of Roman Deniskin as CEO and director with effect from April 16. The company said that Deniskin had extensive experience at strategic and senior operating levels... 

Highland Gold publishes PFS results for Belaya Gora

By: Mariaan Webb     7th February 2018 London-listed Highland Gold Mining has published the results of a prefeasibility study (PFS) for its youngest mine, Belaya Gora, and the nearby greenfield Blagodatnoye deposit, in the Khabarovsk region of Russia’s Far East. The PFS, which was prepared by SRK Consulting, puts forward new mining... 

Putin to discuss environment with Russian metals tycoons

By: Reuters     7th February 2018 Russian President Vladimir Putin will meet metals tycoons whose businesses are located in the region of Krasnoyarsk, which the President is visiting today, to discuss local residents' ecological concerns, the Kremlin said on Wednesday. Putin will meet with billionaire Vladimir Potanin, co-owner... 

Highland Gold updates Kekura resource as DFS is completed

By: Megan van Wyngaardt     6th February 2018 Aim-listed Highland Gold Mining has updated its resources for the Kekura gold project, located in the Chukotka region in Russia's Far East, following the completion of a definitive feasibility study (DFS). The DFS has shown that the project holds total gold reserves of two-million ounces of a... 

EU steel sector sees demand growth in 2018, import threat

By: Reuters     6th February 2018 European steel demand is set to rise in 2018 with continued strength in most steel-using sectors, European steel association Eurofer said on Tuesday, while warning of a threat of rising imports. Apparent steel consumption, which excludes the impact of inventory changes, is set to rise by 1.9% in... 

Palladium rally may mean auto catalytic converter price hikes coming

By: Reuters     5th February 2018 With the price of palladium spiking to a record high last month, the effects could be felt in the automotive industry as manufacturers of catalytic converters consider raising their prices and may change the mix of metals in their products. Increased automotive industry demand and a supply... 

World Mining Congress 2018: Stages of program formation

     5th February 2018 From June 19 till June 22, the 25th anniversary World Mining Congress will be held in Astana. Such large-scale event of world significance is held for the first time not only in Kazakhstan, but also in the territory of CIS. Kazakhstan was chosen not casually for anniversary WMC. Country's... 

Eurasia impressed by speed that Monchetundra application is progressing

By: Mariaan Webb     2nd February 2018 The Russian federal commission on suboil use, Rosnedra, has completed its review of the Monchetundra application, approving a draft of the mining permit for the platinum and palladium project on the Kola Peninsula, London-listed Eurasia reported on Friday. The application for a mining permit was... 

Harmony appoints Max Sisulu as nonexecutive director

By: Simone Liedtke     2nd February 2018 Harmony Gold has appointed Max Sisulu as independent nonexecutive director of the company, effective January 31. Sisulu is a qualified economist and has served in several positions within the private and public sectors. He also holds numerous nonexecutive directorships in various private sector... 

North Dakota Bakken oil rises again in shadow of mighty Permian

By: Bloomberg     2nd February 2018 The Bakken shale is roaring back to life, and Kevin Black sees the evidence almost every day as he looks out the window of his blue Ford F-150 pickup truck. The president of Creedence Energy Services, which provides chemicals for oil wells, Black, 29, drives about two hours to Williston, North... 

Yamal liquefied natural gas project, Russia

By: Sheila Barradas     2nd February 2018 The project is one of the biggest liquefied natural gas (LNG) projects in the world and is expected to supply 16.5-million tons of LNG a year. 

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