http://www.engineeringnews.co.za
R/€ = 14.12 Change: -0.03
R/$ = 13.01 Change: 0.14
Au 1275.51 $/oz Change: -11.13
Pt 970.50 $/oz Change: -5.50
 

Topic

OceanaGold says El Salvador freezing its assets lacks legal basis

By: Reuters     21st April 2017 Australian-Canadian miner OceanaGold said on Thursday that El Salvador has no legal basis for restricting its unit in the Central American country while it evaluates next steps in a dispute over extraction rights. El Salvador said this week that it had frozen OceanaGold's bank accounts and... 

Whitehaven says Australia cyclone outages to hit coking coal prices for months

By: Reuters     13th April 2017 Australia's Whitehaven Coal Ltd said on Thursday that coking coal prices would remain high for months as supply disruptions since Cyclone Debbie damaged train lines and interrupted exports reverberate through markets. Whitehaven, whose mines about 1 300 km (800 miles) south of the cyclone's path... 

Cyclone wreckage lays bare met coal's top exporter weak link

By: Bloomberg     13th April 2017 Two weeks after a cyclone tore through Australia’s biggest metallurgical coal mining basin, the industry is still reeling. The outages are a flashback to deluges in 2008 and 2010-11, which forced miners in the world’s largest exporter of the steel-making commodity to update operations with... 

Volatile global politics arouses bulls with gold at 5-month high

By: Bloomberg     12th April 2017 Worries about the unpredictability of a Donald Trump presidency are revitalising gold. Bullion is trading at the highest level since the week in November when Trump won the US election as rising global tensions surrounding Syria and North Korea strain investors’ nerves. A standoff between the US... 

BHP says DLC restructure to destroy $1.3bn in value, waste franking credits

By: Megan van Wyngaardt     12th April 2017 The proposal by BHP Billiton’s activist shareholder Elliott Advisors that the company scrap its dual-listed company (DLC) structure in favour of a primary listing in London and a secondary listing in Sydney, could destroy at least $1.3-billion in value, to save less than $2.5-million a year, the... 

First coking coal train since Cyclone Debbie reaches Queensland port - shipping agent

By: Reuters     11th April 2017 The first coal train from Australia's cyclone-hit Bowen Basin reached Gladstone Port on Tuesday with seaborne exports planned to resume this week, a shipping agent told Reuters. Just before 8 am local time (2200 GMT) the first coal train arrived at Gladstone port, said John Parks, shipping agent... 

Australia says changes to BHP Billiton corporate structure must fit national interest

By: Reuters     11th April 2017 Any significant changes to the corporate structure of Anglo-Australian miner BHP Billiton would need to be consistent with a "national interest" test under the law, the Australian government said on Tuesday. Activist shareholder Elliott Advisors on Monday proposed BHP Billiton scrap its... 

Iron slumps into bear market as Barclays sees further losses

By: Bloomberg     10th April 2017 Iron-ore’s descent into bear-market territory may herald further weakness, with Barclays pinning the blame for the slide on lower steel demand in China driving a shift from mills toward lower-quality ore and raising the prospect of a drop into the $50s. Ore with 62% content in Qingdao fell 1%... 

Mining suspended in cyclone-hit New Caledonia as people seek shelter

By: Reuters     10th April 2017 Cyclonic winds and heavy rain buffeted New Caledonia on Monday, prompting residents of the French South Pacific territory to seek shelter and halt mining of nickel, its most important export. Cyclone Cook hit the main island at almost the same time as high tide, packing winds of up to 200 kph... 

Mountain size trouble for Australian coal lines

By: Reuters     7th April 2017 Global coking coal supplies have been drastically interrupted by a small stretch of rail that wraps around a modest-sized Australian mountain range – and repair crews are unable to find a quick fix. Australian rail operator Aurizon Holdings Ltd said on Friday it would take another four weeks to... 

Fortescue moves on growing markets outside steel giant China

By: Bloomberg     7th April 2017 Fortescue Metals Group is making iron-ore marketing forays to steel-producing nations outside China to tap forecast increases in demand from burgeoning infrastructure projects across the region. The world’s fourth-biggest exporter’s mines in northwestern Australia are well-positioned to take... 

Glencore the fifth coal miner to declare force majeure in cyclone-hit Australia

By: Reuters     5th April 2017 Global miner Glencore on Wednesday declared force majeure on coal shipments from the cyclone-hit Bowen Basin in Australia, after the storm damaged railway lines, disrupting delivery to ports. Glencore runs five coal mines in the region and it is the fifth miner to declare force majeure - a clause... 

BHP declares force majeure on Bowen Basin coal deliveries

By: Reuters     5th April 2017 BHP Billiton, the world's biggest exporter of coal used to make steel, declared force majeure on Wednesday for coal deliveries from its mines in Australia's Bowen Basin after a cyclone damaged railway lines, disrupting delivery to ports. BHP has interests in 11 coal mines in the Bowen Basin,... 

Hard running floodwaters to delay coal rail re-opening in Australia - source

By: Reuters     5th April 2017 The reopening of Aurizon Holdings Ltd's Blackwater rail line, a key link between coking coal mines and export ports in cyclone-hit northeast Australia, will be delayed after suffering more water damage than expected, according to a source. The Blackwater line was scheduled to re-open later this... 

Second Australia miner declares force majeure in wake of Cyclone Debbie

By: Reuters     4th April 2017 Australia's QCoal on Tuesday became the second miner to declare force majeure in the wake of Cyclone Debbie, as the deadly storm's damage to railway lines in the country's northeast disrupts exports and pushes coal prices higher. The cyclone, which struck last week as a category four storm, one... 

Cyclone Debbie just a squall for Australia's fair weather economy

By: Reuters     31st March 2017 A devastating cyclone that pummelled Australia's northeast this week is likely to have a dampening effect on the country's economy with coal production, exports and construction activity taking a hit. While a more concrete picture of the damage from Cyclone Debbie will be clearer in coming... 

South32 to return additional $500m to shareholders

By: Martin Creamer     27th March 2017 Diversified mining company South32 on Monday announced that it intends to return an additional $500-million to shareholders, equating to 4.5% of the group’s current market capitalisation. The Sydney-, London- and Johannesburg-listed company said in a media release that this dividend-complementing... 

Refuse-derived fuel energy recovery project, Australia

By: Sheila Barradas     24th March 2017 EnergyAustralia is assessing the feasibility of converting part of the Mount Piper coal-fired power station to run on nonrecyclable household materials. 

Adani coal mine in Australia faces fresh wave of protests

By: Bloomberg     22nd March 2017 A new environmental campaign to stop the development of Adani Group’s $16.5-billion coal mine in Queensland will be launched Wednesday with the high-profile backing of former Australian Greens party leader Bob Brown. “Adani and the federal government have no idea of the scale of opposition and... 

Chevron calls end of LNG mega project after $88Bn spree

By: Bloomberg     21st March 2017 Chevron Corp. has signaled the end of major new liquefied natural gas (LNG) projects in Western Australia and is unlikely to sanction an expansion of its Gorgon and Wheatstone export developments as it focuses on boosting returns from $88-billion of investment. The climate for developing large... 

Doray gets offtake partner at Deflector

By: Esmarie Swanepoel     15th March 2017 Gold miner Doray Minerals has signed a sales agreement with Sydney-based Lewer Corporation for the entire production of copper-gold middlings product processed at the Deflector mine, in Western Australia. The copper-gold material will be shipped to Germany in two batches for sampling, assay and... 

Taking ECSA, Minister to court was a ‘last resort’, says Saice

By: Anine Kilian     14th March 2017 Taking legal action against the Engineering Council of South Africa (ECSA) and Public Works Minister Thulas Nxesi was a last resort in attempts to have the current ECSA council suspended, South African Institution of Civil Engineering (Saice) CEO Manglin Pillay told Engineering News Online on... 

South Australia to ‘put people first’ with A$550m energy security plan

By: Esmarie Swanepoel     14th March 2017 The South Australian government has announced a A$550-million plan to improve energy security and boost competition in the state’s energy sector, following state-wide blackouts last year. South Australia suffered state-wide blackouts after a severe storm knocked over transmission towers in... 

Top iron miners' cash juggernaut set to survive price crash

By: Bloomberg     13th March 2017 The world’s biggest iron ore miners will be able to withstand the expected plunge in prices because their race to cut production costs has dramatically lowered the industry’s margin pressure point, allowing them to keep fueling a cash juggernaut that’s revived the mining sector. More than 90% of... 

Alstom awarded its first tramway contract in Taiwan

     3rd March 2017 Multinational rail transport company Alstom has been awarded a contract by China Steel Corporation to supply fifteen Citadis trams for Phase 2 of the Kaohsiung tramway project, in Taiwan, which is expected to start revenue service in 2019. This tramway project – the first of its kind for Alstom... 

BHP says `bloody awful' trade pledges threaten Trump's pump

By: Bloomberg     28th February 2017 The head of the world’s biggest mining company intensified his warnings that US trade protectionism under President Donald Trump would threaten global growth and the fight against poverty. While applauding efforts by the administration to boost US growth and infrastructure spending, BHP Billiton... 

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... 

Rio said to seek bank pitches on $1.5bn coal mine sale

By: Bloomberg     16th February 2017 Rio Tinto Group has asked banks to pitch for a role advising on the divestment of its last remaining coal operations in Australia, people with knowledge of the matter said. The London-based company has decided to pursue a sale of its Hail Creek and Kestrel mines after receiving unsolicited... 

Barrick's sale of Super Pit stake to China buyer said to stall

By: Bloomberg     8th February 2017 Barrick Gold’s plan to sell its stake in the Kalgoorlie Super Pit mine to a Chinese bidder has stalled, as the buyer faces delays securing financing for the $1.3-billion deal, people with knowledge of the matter said. Minjar Gold, a unit of property developer Shandong Tyan Home, is also still... 

Goldman sees copper rising as deficit looms on supply threat

By: Bloomberg     8th February 2017 Copper will extend gains as the global market swings to shortage because of sustained demand from China and potential supply disruption at the world’s two biggest mines, according to Goldman Sachs Group. A deficit this year would be the first since 2011, says Citigroup. “We expect copper will... 

Ichthys liquefied natural gas project, Australia

By: Sheila Barradas     3rd February 2017 Inpex has brushed off concerns about delays to the project, following the termination of a construction and commissioning contract of the combined-cycle power plant project, in Darwin. 

Rio unit born in Death Valley is retooled for battery boom

By: Bloomberg     31st January 2017 During the financial crisis,  Rio Tinto Group needed cash and tried to unload its oldest mining business – one that began in 1872 hauling borates salts by mule from Death Valley to make US laundry soap. The company gave up on a sale because no one would pay the asking price. A decade later, the... 

Iron to ‘correct down sharply’ as supply rises, Citigroup says

By: Bloomberg     24th January 2017 Iron-ore is headed for a sharp decline as higher-grade supplies from Brazil and Australia are set to increase, according to Citigroup, which combined its forecast for a second-half tumble with upgrades to the bank’s outlook in the opening quarters of the year. Recent gains have been supported by... 

Woodside CEO sees no need for M&A, plenty of growth in pipeline

By: Reuters     19th January 2017 Woodside Petroleum CEO Peter Coleman said there's little need for more mergers and acquisitions by Australia's biggest independent oil and gas producer as it works on developing a handful of new projects at home and abroad. The company, seen as short on growth, has had to rely on a few deals to... 

EnerMech Acquires Electrical & Instrumentation Specialist In Largest Deal To Date

     18th January 2017 Engineering services specialist EnerMech has made its first entry in to the electrical and instrumentation (E&I) sector with the acquisition of EPS Group in Australia and the Americas. EPS Group employs 250 staff in Sydney, Melbourne, Brisbane, Darwin, Houston and Louisiana, and has annual... 

WBHO subsidiary building tallest residential buildings in Australia

By: Anine Kilian     17th January 2017 South African construction company WBHO’s Australian subsidiary Probuild Constructions is building the tallest residential buildings in Sydney and Melbourne. The A$340-million Greenland Centre, in Sydney, is a 235-m-tall residential building with 479 apartments and a 2 000 m2 creative hub. 

Would-be kingmaker calls out Australian iron giants in ore tax battle

By: Bloomberg     12th January 2017 The world’s biggest mining companies producing iron ore from Australia aren’t paying their fair share in taxes, according to a lawmaker who wants a 20-fold raise in a state levy that’s been unchanged since the 1960s and the era of imperial pounds, shillings and pence. The proposal has... 

Alcoa says Australia aluminium smelter running at 30% capacity

By: Reuters     21st December 2016 Australia's 300 000 t/y Portland aluminium smelter is operating at below a third of its capacity after power to the plant was temporarily knocked out three weeks ago, operator Alcoa Corporation said on Wednesday. The smelter was hit when a power interconnector between the states of Victoria and... 

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 Close