http://www.engineeringnews.co.za
R/€ = 15.92 Change: 0.15
R/$ = 13.46 Change: 0.25
Au 1243.94 $/oz Change: 6.10
Pt 886.52 $/oz Change: 9.02
 

Topic

Glencore says signs labour pacts at most of its Australian coal mines

By: Reuters     8th December 2017 Global miner Glencore on Friday said it had reached new labour agreements with workers at 13 of its coal mines in Australia, ending months of negotiations over wages and benefits. The agreements are in the process of being finalised and include each of Glencore's Hunter Valley collieries in New... 

AWE shares rise on fresh offer from Chinese group

By: Mariaan Webb     8th December 2017 Shares in Australian oil and gas company AWE rose 10% on Friday after State-owned China Energy Reserve and Chemical Group made a fresh offer of $0.73 a share in cash. The offer is A$0.02 higher than the proposal two weeks ago, which the AWE board has brushed off as too low. 

Billionaire's mine financing hurdles fuel bondholder jitters

By: Bloomberg     7th December 2017 The Indian conglomerate Adani Enterprises is learning how one financing problem can lead to headaches for debt investors elsewhere as it tries to secure money for one of the world’s biggest coal mines. Three of China’s largest banks this week ruled out any involvement in financing the mine in... 

Iron-ore enters bull market as China's curbs supercharge steel

By: Bloomberg     4th December 2017 Iron-ore has rallied back into a bull market. Prices are surging as China’s crackdown on steel output this winter runs down inventories, helping mills’ profitability and stoking demand for high-grade ore even as investors discount signs of ample supply. Spot ore with 62% iron content jumped 3.7%... 

Rio Tinto aims for 'intelligent' Australian iron-ore mine

By: Reuters     4th December 2017 Rio Tinto next year will seek board approval to develop an "intelligent" iron ore mine at a cost of $2.2-billion, fully incorporating technologies such as robotics and driverless trains and trucks on a single site, the company's head of iron-ore said on Monday. A feasibility study was underway... 

Rio picks Thompson for chairperson as investors target discipline

By: Bloomberg     4th December 2017 Rio Tinto named industry veteran Simon Thompson as chairman after shareholders rejected a plan to install a renowned dealmaker -- reinforcing an industry-wide investor drive for higher returns and caution over project spending. Thompson, 58, a Rio director since 2014 and previously an executive... 

Chile's Codelco plans environmental impact pricing for copper

By: Reuters     30th November 2017 Chile's Codelco will soon sell its first copper cathodes with pricing that takes into account the environmental footprint of production, its chairman said on Thursday. 

Kirkland Lake lists on the ASX as gold rush lures prospectors Down Under

By: Reuters     30th November 2017 Canada-based Kirkland Lake Gold listed its shares on the Australia bourse on Thursday after investing millions of dollars and joining dozens of other prospectors in a modern-day gold rush. Kirkland Lake expects to produce a quarter-million ounces of gold in 2017 from a mine it bought a year ago... 

Australian industry prepares for possible summer power cuts

By: Reuters     30th November 2017 Some of Australia's biggest power users, including mining giant BHP, are taking steps to curb the impact of any repeat of crippling blackouts that hit last summer, worried about a grid that increasingly relies on wind power and old coal-fired plants. Their back-up strategies come despite... 

DFS lowers capital and operating costs of WA rare earths project

By: Mariaan Webb     28th November 2017 The definitive feasibility study (DFS) of the Yangibana rare earths project in Western Australia has significantly improved the capital cost requirements and operating cost estimates. The project, which has been assigned a ‘lead-agency project’ status by the state government, will require... 

Labor tipped to win Queensland majority as poll count continues

By: Bloomberg     26th November 2017 Premier Annastacia Palaszczuk’s Labor Party is favored to be returned to power in the Australian state of Queensland as counting continues following the weekend’s election that hangs in the balance. Analysts projected her party would win the highest number of seats, with the Australian... 

Clive Palmer wins court case against China's CITIC

By: Reuters     24th November 2017 Australian businessman Clive Palmer said on Friday the Supreme Court of Western Australia awarded his company about A$200-million in damages in a dispute with Chinese conglomerate CITIC. Palmer's Mineralogy claimed it is owed money by CITIC's Sino Iron mine in Western Australia over a failure to... 

Great Barrier Reef pitched against coal jobs in Queensland vote

By: Bloomberg     21st November 2017 The fate of Adani Group’s A$16.5-billion Australian coal mine hinges on weekend elections in Queensland state, as voters weigh the promise of new jobs against a potential environmental threat to the Great Barrier Reef. The Labor government has vowed to reject A$900-million in federal funding for... 

Copper's big meh shows Chile's commodity crown is slipping

By: Bloomberg     21st November 2017 There was a time when a sneeze in Santiago would cause the global copper market to catch a cold. Not any more. The first round of Chilean presidential elections Sunday delivered a surprisingly weak result to frontrunner Sebastian Pinera, a conservative billionaire running on a fiscal... 

Building pipeline in Aus sees Probuild contribute 60% of WBHO revenue

By: Irma Venter     17th November 2017 Wilson Bayly Holmes-Ovcon’s (WBHO’s) Australian subsidiary, Probuild, has been named the most active construction company in the country by the Australian Housing Industry Association Construction 100 Report. Probuild has jumped from fifth place last year to top spot, in terms of work procured. 

BHP facing uncertain future as shareholders push for change

By: Esmarie Swanepoel     17th November 2017 Ratings agencies and analysts have raised concerns about the future of mining major BHP in the wake of actions taken by so-called activist shareholders. The mining giant’s second-largest holder of its London-listed shares, fund manager Elliot Associates & Elliot International, has been picking at... 

New technologies promise to improve air traffic management

By: Keith Campbell     17th November 2017 Air traffic control/air traffic management (ATC/ATM) agencies need to embrace new technologies in order to further improve air safety. This was stressed by Civil Air Navigation Services Organisation (Canso) Director General Jeff Poole at the recent Canso Global ATM Safety Conference 2017 in... 

Orion initiates hitech regional exploration in Northern Cape

By: Martin Creamer     16th November 2017 Sydney- and Johannesburg-listed company Orion Minerals will from November 26 initiate an airborne survey across a large area of South Africa’s Northern Cape as part of a regional exploration programme that will make use of the latest available technology in an area last explored in the 1980s.... 

BHP eyes two-year exit from shale; also selling nickel

By: Reuters     16th November 2017 BHP Billiton said on Thursday it hopes to fully divest its troubled US onshore shale business in around two years and is also seeking a buyer for its nickel business in Australia. The renewed push to unload both sets of assets, which the world's biggest mining company no longer deems strategic,... 

Winmar withdraws from Spain JV, reduces salaries by 50%

By: Mariaan Webb     14th November 2017 Australia’s Winmar Resources has slashed its staff salaries and directors fees by half to minimise cash outflows until it has secured a new lead project. The announcement on Tuesday comes a day after the company said that it had withdrawn from the Lomero joint venture project with Kimberly... 

Australia notified China of Adani coal mine approvals in letter

By: Reuters     26th October 2017 Australian politicians told China of government approvals for a controversial A$16.5-billion coal mine project being built by Indian conglomerate Adani Enterprises, a panel of senators heard on Thursday. Thousands of people turned out across Australia this month to protest against the project in... 

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... 

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... 

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
Free daily email newsletter Register Now
Register Close