http://www.engineeringnews.co.za
R/€ = 15.74 Change: -0.06
R/$ = 13.38 Change: -0.09
Au 1289.54 $/oz Change: -14.18
Pt 931.00 $/oz Change: -10.00
 

Topic

Rio is said to weigh sale of Europe's top aluminum smelter

By: Reuters     6th October 2017 Rio Tinto Group is weighing the sale of Europe’s biggest aluminium smelter, according to people with knowledge of the matter, amid a rebound in the price of metal used in airliners and beverage cans. London-based Rio has been speaking with potential buyers for the Dunkerque smelter in northern... 

Plans to restart giant Bougainville mine stall as operating rights battle rages

By: Reuters     6th October 2017 Plans to reopen one of the world's biggest copper mines, shut by a civil war on the Pacific Island of Bougainville in 1989, have run into trouble. The quarter of a million people of Bougainville are tentatively scheduled to vote on independence from Papua New Guinea in June 2019, and revenue from... 

Glencore-led Australian coal port eyes $3bn debt rejig – sources

By: Reuters     6th October 2017 Mining giant Glencore and its partners are proposing to repay part of $3-billion owed on the world's most expensive coal terminal, two lenders familiar with the matter said, in a bid to stave off a rapidly approaching deadline for full repayment. If the refinancing fails to go ahead by next... 

Port Hedland China iron-ore exports up 2.8% in Sept

By: Reuters     5th October 2017 Iron-ore shipments to China from Australia's Port Hedland terminal rose 2.8% to 36.7-million tonnes in September from 35.7-million tonnes in August, port data released on Thursday showed. Overall, September iron ore shipments from the world's biggest export terminal for the steelmaking raw... 

Location Analysis Essential For Effective Supply Chain Development

     4th October 2017 “Supply chains compete, not products, commodities or companies. All nodes and links in a supply chain should be engaged and integrated to be able to provide seamless and transparent logistics services from origin to destination,” said Gerard de Villiers recently at the Australian Rail... 

Native title deal opens way for Australia's Port Hedland expansion

By: Reuters     2nd October 2017 A native title agreement between a remote Aboriginal tribe and an Australian state government has opened the way to expand the world's largest iron ore export terminal. The Port Hedland terminal, located on the north-western coast of the state of Western Australia is the main port through which... 

China’s Great Wall backs Pilbara’s WA lithium mine

By: Esmarie Swanepoel     29th September 2017 The share price of lithium developer Pilbara Minerals jumped 18% on Friday as the company announced the backing of China’s Great Wall Motor Company for the Stage 2 development of the Pilgangoora lithium/tantalum project, in Western Australia. Pilbara Minerals has inked a binding term sheet with... 

Tungsten-focused Thor moves diversified portfolio up value curve as commodity prices rally

By: Henry Lazenby     26th September 2017 Australian junior Thor Mining is pushing ahead with its diversified portfolio of tungsten/copper/lithium projects in Australia and the US, in the hope of capitalising on rising metals prices. The Sydney-based explorer and project developer, which has equity listings on the ASX and LSE’s Aim,... 

Next Fortescue CEO to lead push beyond iron-ore cash machine

By: Bloomberg     15th September 2017 Nev Power’s successor as Fortescue Metals Group Ltd.’s top executive will be charged with leading the world’s fourth-largest iron ore exporter’s drive into new businesses. “We are going to look for and consider other opportunities, where other investors can join us,” chairperson and founder... 

China's fossil-fuel phase-out fails to alarm big oil investors

By: Bloomberg     11th September 2017 In the first day of trading after China said it’s working on a deadline to end sales of fossil-fuel-powered vehicles, shares are holding ground in the oil companies that stand to lose out. The listed units of China’s big three oil companies – PetroChina, Cnooc and China Petroleum & Chemical –... 

World's richest mines slipping from hands of multinationals

By: Bloomberg     5th September 2017 Outnumbered and outflanked, Freeport-McMoRan CEO Richard Adkerson made an about-face. Only months before, Adkerson had dismissed the idea of selling a majority stake in the Phoenix-based company’s flagship Indonesian copper-and-gold mine to local investors. But, seated beside government officials... 

Iron-ore's kings spend again as China just can't stop buying

By: Bloomberg     30th August 2017 The biggest iron ore producers in Australia are spending as much as $10-billion on mines so they can keep pumping out shipments to China as demand in their biggest customer shows little sign of easing. Led by Rio Tinto Group, the nation’s top three exporters plan to add about 170-million metric... 

Funds to go for BHP's jugular if miner doesn't deliver goods

By: Bloomberg     21st August 2017 BHP Billiton’s truce with activist investors led by billionaire Paul Singer won’t last long if the world’s biggest mining company doesn’t pump up returns and deliver on strategic reform in the wake of its expected bumper profit report this week. The naming in June of BHP’s youngest director Ken... 

Iron-ore exports to China from Port Hedland drop 12% in July

By: Reuters     8th August 2017 Iron-ore shipments to China from Australia's Port Hedland terminal dropped 12% to 32.03-million tonnes in July from 36.6-million tonnes in June, port data released on Tuesday showed. Overall iron-ore shipments from the world's biggest export terminal for the steelmaking raw material dipped to... 

Cashed-up Australian gold miners set to take deals global

By: Bloomberg     4th August 2017 Australia’s top gold producers are set to take their $5-billion acquisition spree global to secure growth as domestic opportunities fade and bullion’s gains swell their cash piles. Companies including Evolution Mining and Northern Star Resources, Australia’s No. 2 and No. 3 producers, may be... 

Glencore asks Australia to focus on economy before climate deal

By: Bloomberg     2nd August 2017 Australia may need to consider delaying its goals to combat global climate change in order to prioritise energy security and economic prosperity, according to a senior executive at Glencore. The country’s emerging energy crisis, in conjunction with government-imposed clean-energy targets, has... 

More engineers needed to support local projects

By: Robyn Wilkinson     28th July 2017 As part of its drive to promote and support the engineering profession at multiple levels, the Engineering Council of South Africa (ECSA) is establishing an intervention programme that will focus on accrediting engineering academies for training candidates for the purposes of registration within... 

Junior makes board changes as it pursues European cobalt market

By: Creamer Media Reporter      26th July 2017 Australian junior Riedel Resources has made two key board appointments, which the company says will help drive its new direction of securing and developing cobalt and tech-energy metals opportunities in European lithium-ion markets. The ASX-listed firm appointed former Alcoa Europe projects... 

Australian Resources Minister caught up in dual-citizenship fiasco

By: Bloomberg     25th July 2017 Australia’s Resources Minister Matt Canavan has resigned after discovering that he may be in breach of the constitution because he is a dual Italian citizen. “According to the Italian government, I am a citizen of Italy,” Canavan, who was also Minister for northern Australia, told reporters... 

Community consultation prompted to enter the digital era

     21st July 2017 Global consulting engineering expert Aurecon communication and stakeholder engagement global lead Kylie Cochrane posits that it is time that the project approval and community consultation process step squarely into the digital age, for the benefit of all. 

Rio's quest to add more diamonds takes hunt to Canadian forest

By: Bloomberg     18th July 2017 Rio Tinto Group’s pursuit of new diamond output to tap rising demand in Asia is focusing on an unheralded exploration project in the Canadian forest. The world’s second-biggest miner on Tuesday added the Fort a la Corne joint venture, about 60 kilometers (37 miles) east of Prince Albert in... 

Divisive $13bn potash plan to test BHP's new chairman

By: Bloomberg     17th July 2017 BHP Billiton’s plan to enter the potash market with a contentious $13-billion project in Canada is adding to challenges facing the incoming chairman of the world biggest mining company. Ken MacKenzie, a 53-year-old board member who takes up the role in September, currently is on a global tour... 

Top mining nation readying fresh investment wave as prices rally

By: Bloomberg     17th July 2017 Mining companies in Australia, the world’s biggest exporter of iron-ore and coal, are poised to approve fresh investments in projects, driven by rallying commodity prices and the need to replace depleting deposits, according to global equipment supply giant Komatsu. “They’re looking at new... 

Elon Musk exposes deep coal divide in energy-hit Australia

By: Bloomberg     14th July 2017 Elon Musk’s intervention in Australia’s energy crisis is widening a divide over the future of coal. The billionaire Tesla Inc. founder, who has promised to help solve an Australian state’s clean energy obstacles, sees no place for the fossil fuel. That conflicts with the national government’s... 

South32 says NSW mine remains suspended

By: Mariaan Webb     10th July 2017 The shares of diversified mining group South32 dropped on Monday after the company reported that its Appin mine, in New South Wales, remained shut. South32, which is listed in Sydney, London and Johannesburg, reported on Monday that a review of the broader Illawarra metallurgical coal operation,... 

Australia's Joyce sees merit in government taking stakes in coal

By: Bloomberg     10th July 2017 Australia’s Deputy Prime Minister Barnaby Joyce indicated he supports the government being an equity partner in any new coal-fired power station, and said that lenders are willing to finance fossil fuel-based electricity generation. “I have got nothing against taking equity in it,” Joyce told Sky... 

Greenstone ups interest in Heron to 19.3%

By: Megan van Wyngaardt     4th July 2017 Private equity fund Greenstone Resources will increase its ownership in Australian base metals miner Heron Resources to 19.3%, through the acquisition of 398-million shares valued at $21-million. The company currently has a 16.23% ownership in Heron Resources. 

BHP chair regrets $20bn shale spree

By: Bloomberg     29th June 2017 BHP Billiton chairperson Jacques Nasser said the timing of its $20-billion spree into US shale in 2011 was a misstep and that if the miner could turn the clock back it wouldn’t have invested in the assets. The comments from Nasser, who will pass over the chairperson’s baton to its youngest... 

As nasty quarter ends, iron's reprieve sees futures back in $60s

By: Bloomberg     28th June 2017 After what’s been a tough quarter, iron ore’s getting a small reprieve. Futures clawed their way back above $60 a metric ton and spot prices have rebounded from a one-year low as steel output holds up in China, buoying demand for the material even as its supply rises. The SGX AsiaClear contract... 

Glencore's long hunt for Rio Tinto's coal mines slips away

By: Bloomberg     27th June 2017 Glencore’s years-long pursuit for a bigger Australian coal business was delivered another setback on Monday after Rio Tinto Group passed on the company’s offer for a second time. Now the mining giant run by a former coal trader is running out of time to come back with a better offer or lose out... 

Iron seen in low-$40s by Citi as supply grows, demand peaks

By: Bloomberg     20th June 2017 Iron-ore may extend a slump into the low-$40s as supplies swell and demand reaches a short-term peak amid steel mill restarts and ramp-ups in China, according to Citigroup, which cut its forecasts by as much as 20% over the next year. The nadir in prices may occur in six to eight months, analysts... 

Santos committed to Narrabri 

By: Esmarie Swanepoel     15th June 2017 Oil and gas major Santos has reaffirmed its commitment to develop the Narrabri gas project, in New South Wales, with MD and CEO Kevin Gallagher saying the project could deliver a substantial share of the state’s gas needs. Speaking at the American Chamber of Commerce, in Sydney, Gallagher said... 

Cobalt upstarts eye Glencore's turf for electric car spoils

By: Bloomberg     9th June 2017 The race is on to supply more of the cobalt needed for batteries in the fast-growing market for electric vehicles -- and that means fresh competition for the big players Glencore Plc and the Democratic Republic of Congo. A pipeline of projects is looming in places including Australia, the US and... 

Gold in pounds climbs to seven-week high on hung Parliament fear

By: Bloomberg     9th June 2017 Gold priced in sterling surged to the highest level in more than seven weeks after projections showed Prime Minister Theresa May will fail to win an overall majority in the UK general election, signaling further political turmoil less than a year after Britain voted to leave the European Union.... 

Gold makes run toward $1 300 as risk flares from UK to Mideast

By: Bloomberg     7th June 2017 Gold’s taking aim at $1 300 an ounce. The metal has rallied to the highest since November as investors position themselves for the outcome of the UK election and potential drama of former FBI Director James Comey’s testimony, while also tracking tensions in the Middle East. Bullion for immediate... 

Robot ghost ships to extend miner's technology drive to seas

By: Bloomberg     7th June 2017 BHP Billiton, the world’s biggest mining company, is studying the introduction of giant, automated cargo ships to carry everything from iron-ore to coal as part of a strategic shift that may disrupt the $334-billion global shipping industry. “Safe and efficient autonomous vessels carrying BHP... 

Boart Longyear Earns Safety Awards in Canada

     7th June 2017 Boart Longyear was recognized by the Canadian Diamond Drill Association (CDDA) with year-end safety achievement awards for working more than 100,000 hours in 2016 with a best in class incident frequency rate. The awards, one for surface drilling and one for underground drilling sites, were... 

Tribeca planning to target overhaul of BHP board directors

By: Bloomberg     6th June 2017 BHP Billiton’s board is being targeted for a sweeping overhaul by Tribeca Global Natural Resources Fund, opening a potential new front in the burgeoning activist campaign against the world’s biggest mining company. The Sydney-based hedge fund, which last month joined billionaire Paul Singer’s... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close