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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... 

Bluebird to inject new life into old South Korean gold veins

By: Reuters     19th February 2018 Asia-focused mine developer Bluebird Ventures, with venture partner Southern Gold, plans to reopen South Korean gold mines closed decades ago and is aiming for profits of around $100/t, Bluebird's CEO said. The mines closed in the late 1960s and 1970s when the gold price was less than $140/oz,... 

Global wind energy installations remain above 50 GW - GWEC

By: Simone Liedtke     14th February 2018 Installations in the global wind energy market remained above 50 GW in 2017, with Europe, India and the offshore sector having had record years. The Global Wind Energy Council (GWEC) on Wednesday released its 2017 market statistics, which highlighted a decrease to 19.5 GW for Chinese... 

Cobalt cannot be eradicated from electric car batteries – Umicore

By: Reuters     13th February 2018 Makers of electric vehicle batteries will have to keep using scarce, expensive cobalt in their products for the foreseeable future despite a push towards higher nickel compositions, materials technology company Umicore said on Monday. Manufacturers have been trying to increase the proportion of... 

Bluebird, Southern sign JV to reopen South Korean silver mine

By: Anine Kilian     12th February 2018 Aim-listed Bluebird Merchant Ventures has signed an agreement with Southern Gold to develop and reopen the Kochang gold and silver mine in South Korea. Under the terms of the agreement, a joint venture (JV) will be formed once Bluebird has spent $500 000 to complete a report on the feasibility to... 

Samsung SDI turns to used phones for cobalt as prices surge

By: Bloomberg     12th February 2018 Samsung SDI, a battery supplier to carmakers including BMW, plans to recycle cobalt from used mobile phones as companies around the world scramble to secure supplies of the metal amid surging prices. The plan fuels a trend among battery makers to reduce dependence on the Democratic Republic of... 

Donald Trump’s gratuitous slur

By: Martin Zhuwakinyu     9th February 2018 A few weeks ago, US President Donald Trump was at it once again, using vulgar language to disparage the home countries of African, Haitian and El Salvadorian immigrants. As is his wont, he subsequently denied ever uttering the offensive remarks. Last week, he issued a statement full of praise for... 

Sumitomo sees Ambatovy at 50% utilisation rate in Jan to March

By: Reuters     8th February 2018 Sumitomo said on Thursday it expects its Ambatovy nickel/cobalt project in Madagascar to run at about a 50% utilisation rate in the January-March quarter, rising to 80% from April. The trading house said last week that the project had resumed operations from end-January after halting operations... 

Botswana power plant expansion plan stalls over terms 

By: Reuters     29th January 2018 A planned $800-million expansion of a coal-fired power plant in Botswana by Japan's Marubeni Corp and South Korea's Posco Energy has been put on hold due to a disagreement over terms, the energy minister said on Monday. Marubeni and Posco Energy were due to start work in January last year on a... 

Record-breaking year for Richards Bay Coal Terminal

By: Martin Creamer     26th January 2018 Despite a loss of 38 days to bad weather, 2017 has been a record-breaking year for South Africa’s Richards Bay Coal Terminal (RBCT) in KwaZulu-Natal, which loaded a record 76.47-million tonnes of South African-mined coal in the 12 months to the end of December. The private sector terminal, which... 

Global crude steel output up 5.3% y/y in 2017

By: Schalk Burger     25th January 2018 Global crude steel production increased by 5.3% year-on-year to 1.69-billion tonnes in 2017. Output increased in all regions except for the Commonwealth of Independent States, where production remained flat at about 102.1-million tonnes, the World Steel Association reported this week. 

Japan's record exports, manufacturing, point to powerhouse economy

By: Reuters     24th January 2018 Japan’s exports to China and Asia hit record levels as shipments rose for a thirteenth straight month in December and manufacturing growth hit a four-year high in January, pointing to an economy that powered through the fourth quarter and into 2018. The Ministry of Finance (MOF) said on Wednesday... 

Necsa marks South African nuclear industry milestone 

By: Rebecca Campbell     24th January 2018 The South African Nuclear Energy Corporation (Necsa) marked an important milestone on Wednesday when it formally handed over the first locally-designed and manufactured safety-critical nuclear component, fully certified, to national power utility Eskom for use in the Koeberg nuclear power plant,... 

Copper production declined in first ten months of 2017 – ICSG

By: Schalk Burger     23rd January 2018 Worldwide copper mine production declined 2.6% in the ten months to October 2017, while concentrate production declined by 2.2% and production through solvent extraction-electrowinning declined by 4.3% in the same period, according to the intergovernmental copper body The International Copper... 

Focus on digital skills, technology to reignite SA’s manufacturing sector

     18th January 2018 By Daniel Schwartzkopff, co-founder: DataProphet   The manufacturing industry's role in the South African economy has seen a long and sustained decline: from contributing nearly a quarter of GDP in the 1980s, the sector added a mere 13% to the country’s GDP in 2016. Job creation has also not... 

Trelleborg Fenders Protect Johan Sverdrup Topsides

     17th January 2018 Trelleborg’s engineered products operation has won a contract to supply DD fenders to Samsung Heavy Industries’ shipyard in South Korea for the safe and efficient installation of topside modules bound for Statoil’s Johan Sverdrup oil field project, located in the North Sea. Trelleborg was asked... 

NextSource soars on Japanese approval of registered SuperFlake product trademark

By: Henry Lazenby     17th January 2018 The TSX-listed equity of one of the graphite industry’s best kept secrets, NextSource Materials, has recorded significant gains on Tuesday following a company announcement that Japan has approved the company’s registration of ‘SuperFlake’ graphite as a trademark in the country. The registration... 

Seifsa warns US antidumping duties could hurt local steel industry

By: Megan van Wyngaardt     12th January 2018 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) is worried about the potential impact on the local steel industry of the US Department of Commerce’s (DoC’s) affirmative final determinations in an antidumping duty investigation into imports of carbon and alloy steel... 

Queensland LNG exports surpass prior records in 2017

By: Natasha Odendaal     12th January 2018 Queensland has achieved record liquefied natural gas (LNG) exports in the year to December 2017, Queensland Resources Council CEO Ian Macfarlane said on Friday. During 2017, Queensland exported 20.2-million tonnes of LNG, an increase of 2.7-million tonnes on the exports reported in 2016. 

Australia cobalt rush accelerates on electric vehicle demand, DRC troubles

By: Reuters     15th December 2017 Australia, home to the world's second-biggest cobalt reserves, is seeing a rush of interest in projects still years from production as makers of batteries used in electric vehicles (EVs) seek supplies of the metal from a more costly but less risky source than top miner, the Democratic Republic of... 

Morocco announces auto industry deals worth $1.45bn

By: Reuters     12th December 2017 Morocco said on Monday it had signed deals for 26 auto industry projects worth a total of €1.23-billion ($1.45-billion) as it seeks to build its position as an international hub for the sector. The deals include six agreements with French company Renault to expand an "industry ecosystem" allowing... 

Southern Gold in advanced talks for Cannon underground

By: Natasha Odendaal     11th December 2017 ASX-listed Southern Gold has advanced discussions with multiple parties over the financing and commercial arrangements for the development of the underground mine at the Cannon project, in Western Australia. The gold explorer and producer expected to conclude the talks and align the arrangements... 

Electric vehicle growth puts pressure on nickel supply

By: Robyn Wilkinson     8th December 2017 Global research and consultancy firm Wood Mackenzie estimates that nickel demand for electric vehicle (EV) batteries will increase from about 40 000 t in 2016 to 220 000 t in 2025, as demand for hybrid, plug-in and full EVs grows in developed countrie 

South Africa crucial to global chrome supply, Chromium 2017 hears 

By: Martin Creamer     10th November 2017 South Africa is an irreplaceable supplier of chrome ore and ferrochrome, which is, in turn, an irreplaceable component of China-dominated stainless steel production, global delegates to last week’s well-attended Chromium 2017 conference heard. South Africa, as the dominant global chrome producer,... 

Australian uranium hopefuls welcome Cameco production cuts

By: Esmarie Swanepoel     10th November 2017 Australia’s uranium hopefuls have welcomed a decision from uranium major Cameco to shutter its McArthur River mining and Key Lake milling operations, in Canada. Cameco this week announced its plans to remove some 10% of the current global uranium supply, on the back of continued uranium price... 

Pilbara eyeing downstream processing

By: Esmarie Swanepoel     10th November 2017 Lithium developer Pilbara Minerals has signed a nonbinding memorandum of understanding (MoU) to potentially develop a downstream lithium chemical conversion facility in South Korea. The ASX-listed company on Friday noted that the MoU with Polaris Shipping and LG Chem would see Pilbara supply up... 

Seifsa concerned about US investigation into carbon, alloy steel iron rod imports

By: Anine Kilian     30th October 2017 The Steel and Engineering Industries Federation of Southern Africa (Seifsa) says it is extremely concerned that the challenges facing the local steel industry will only worsen if the US Department of Commerce and the US International Trade Commissions’ (ITC’s) parallel investigations to determine... 

Brexit takes bureaucracy to the atomic level for UK industry

By: Bloomberg     17th October 2017 To understand the implications of Brexit, it helps to go nuclear. Of all the international regulatory challenges created by the UK’s impending departure from the European Union, the atomic-energy industry may best encapsulate the decision’s bottom-line effect: more bureaucracy and costs for a... 

Zinc deficit grows 30% in first eight months of 2017; lead narrows gap – ILZSG

By: Henry Lazenby     11th October 2017 The zinc supply gap has widened by 30% year-on-year for the first eight months of this year, new data published by the International Lead and Zinc Study Group (ILZSG) shows. The Lisbon, Portugal-based organisation on Wednesday said the zinc deficit had grown from 221 000 t over the same... 

Magnis gathers US funds for downstream development

By: Esmarie Swanepoel     5th October 2017 A global consortium, in which ASX-listed Magnis Resources holds a major stake, has been awarded funding of $13.5-million from the state of New York to develop the region’s first lithium-ion gigafactory. In May, Magnis entered into a joint manufacturing establishment agreement to develop a 15 GWh... 

Yokogawa to Conduct PoC Test of Remote Pump Monitoring Service Using Its IIoT Architecture

     28th September 2017 Creating new value by working with partner companies Yokogawa Electric Corporation (TOKYO: 6841) announces that it has begun working with Iwaki Co., Ltd. on a proof-of-concept (PoC) test for a remote pump monitoring service. This service will use an Industrial IoT (IIoT) architecture that is... 

Oaktree's Molycorp legacy firm is said to weigh IPO, sale

By: Bloomberg     27th September 2017 Advanced materials producer Neo Performance Materials, carved from the remains of bankrupt Molycorp, is weighing an initial public offering (IPO) or an outright sale, according to people familiar with the matter. Neo Performance, backed by investment firm Oaktree Capital Group, has not... 

Necsa plans to restart nuclear pebble-fuel production

By: Keith Campbell     22nd September 2017 The South African Nuclear Energy Corporation (Necsa) is reactivating its ability to manufacture nuclear pebble fuel, originally created to support South Africa's Pebble Bed Modular Reactor (PBMR) programme. The corporation is also looking for a strategic equity partner for its speciality... 

Coal market boom casts bullish trajectory for Corsa as it prowls for M&A ops

By: Henry Lazenby     14th September 2017 Surprising as it may seem, coal demand is at an all-time high, with the current heydays spelling “good profits and rising margins” for several miners in this space, including US-focused Corsa Coal. The TSX-V-listed miner, which produces coal from six mines, has one development mine and operates... 

Necsa looks to make fluorchemical subsidiary profitable and expand manufacturing division

By: Keith Campbell     11th September 2017 The South African Nuclear Energy Corporation (Necsa) is looking for a strategic equity partner for its speciality fluorochemical products manufacturing subsidiary Pelchem. It is also planning to expand its engineering and manufacturing division (not subsidiary) Pelindaba Enterprises. Pelchem... 

Global steel production up 6.3% y/y in July

By: Creamer Media Reporter      24th August 2017 Global steel production increased by 6.3% year-on-year to 143.2-million tonnes in July. The World Steel Association (worldsteel) on Thursday reported that China’s crude steel production had increased by 10.3% year-on-year to 74-million tonnes, while India’s output increased by 3.5% year-on-year... 

Zinc’s six-month deficit grows 3% y/y – ILZSG

By: Henry Lazenby     22nd August 2017 The latest date published by the International Lead and Zinc Study Group (ILZSG) has found a 3% year-on-year wider zinc market supply gap for the first six months of 2017. According to preliminary data recently compiled by the ILZSG, the global market for refined zinc metal was in deficit by 203... 

Elon Musk inspires No.1 miner to target electric vehicle boom

By: Bloomberg     9th August 2017 Observations by Tesla’s Elon Musk on the key role nickel plays in the electric vehicle boom helped inspire the world’s top miner BHP Billiton to invest in new capacity to target rising demand. Amid efforts to improve performance at its nickel operations in Australia, Eduard Haegel, asset... 

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