http://www.engineeringnews.co.za
R/€ = 13.43 Change: 0.01
R/$ = 12.44 Change: 0.03
Au 1245.01 $/oz Change: -3.26
Pt 963.50 $/oz Change: -1.00
 

Topic

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... 

Australia's Pilbara Ports closes Dampier due to weather

By: Reuters     22nd March 2017 Pilbara Ports Authority, which operates Australia's largest iron ore export terminal, on Wednesday said it had closed its Dampier port due to bad weather, but the main port of Hedland remained open. The authority said it had activated a cyclone response procedure due to a weak tropical low... 

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... 

Santos unveils plan to rid itself of noncore assets, slash debt by $1.5bn

By: Esmarie Swanepoel     8th December 2016 Oil and gas major Santos has revealed plans to spin off its noncore assets into a standalone low-cost business as it targets a $1.5-billion debt reduction by the end of 2019. The assets to be spun out include those in Indonesia, Vietnam, Malaysia and Bangladesh, as well as in the Narrabri and... 

Rio CEO wants to expand in diamond mines rather than divest

By: Bloomberg     7th December 2016 When Rio Tinto Group chief Jean-Sebastien Jacques took the reins of the world’s second-biggest mining company in July, there was speculation he’d sell a host of less desirable mines and smelters. The firm’s diamond business, underpinned by two underground mines, was considered by some analysts as... 

Wollongong weighs appeal as court rejects bid

By: Esmarie Swanepoel     2nd December 2016 ASX-listed junior Wollongong Coal has said it is disappointed with the decision by the Land and Environment Court to set aside the company’s appeal on orders from the New South Wales Planning and Assessment Commission (PAC). The PAC in March this year released its review report in relation to... 

Rio Tinto says target of SEC probe over Mozambique coal

By: Reuters     1st December 2016 Global miner Rio Tinto said on Thursday it was cooperating with the US Securities Exchange Commission over financial impairments in 2012 related to its coal operations in Mozambique. "As the SEC investigation, which started in April 2013, remains ongoing it would be inappropriate to comment... 

Tailings dam concerns may scupper Sierra Rutile takeover – Iluka

By: Esmarie Swanepoel     29th November 2016 Mineral sands miner Iluka’s £215-million acquisition of Sierra Rutile is at risk of failing, owing to geotechnical risks at two tailings dams that form part of the takeover target’s operations in Sierra Leone. Iluka has issued Sierra Rutile a notice of nonfulfillment of the material adverse... 

Rio Tinto sets out plan for $5bn cash flow boost by 2021

By: Esmarie Swanepoel     24th November 2016 Mining major Rio Tinto has unveiled plans to generate about $5-billion of additional free cash flow over the next five years from a productivity drive. CEO Jean Sebastian Jacques told an investor seminar in Sydney that the company intended to raise productivity across its portfolio of assets by... 

RCT takes out Innovative Mining Solution of the Year!

     22nd November 2016 RCT won Innovative Mining Solution of the Year with our ControlMaster® Independent Guidance solution at the 2016 Prospect Mining Awards held in Sydney recently. The national awards have been running for more than a decade and are one of the most prestigious awards programs for the mining industry... 

World Bank arm monitoring Rio Tinto’s payments probe in Guinea 

By: Bloomberg     21st November 2016 The World Bank’s private investment arm said it’s monitoring the situation after Rio Tinto Group announced a probe into a $10.5-million payment connected to the Simandou iron-ore project in Guinea, West Africa. The International Finance Corp. is supporting efforts to identify funding for the... 

Iron-ore’s party gives way to hangover as China stockpiles surge

By: Bloomberg     21st November 2016 For iron-ore, it is the morning after the night before. Prices have given up most of the gains inspired by Donald Trump’s surprise win and a speculative frenzy in China, with a surge in port stockpiles in the top user reminding investors that fundamentals still count. “The speed of the recent... 

Iron-ore gets its Groundhog Day moment as tumble follows surge

By: Bloomberg     18th November 2016 Iron-ore is having a Groundhog Day moment. Prices that were pumped up on speculative enthusiasm are now headed for the biggest weekly drop in six months, echoing a sharp rise and tumble seen in April and May that was driven by a surge and fade in trading in China, the largest buyer. 

Decade of gold mine declines poised to spur deals, prices

By: Bloomberg     16th November 2016 Gold’s dwindling pipeline of new mines is poised to usher in a decade-long output slump, spurring prices and delivering a new impetus for dealmaking and industry consolidation, according to Goldcorp, the third-largest gold producer. Mine supply may fall about a third in the ten years to 2025,... 

Maptek appointments to lead strategic delivery of technology roadmap

     15th November 2016 Maptek has made two senior appointments to streamline delivery of its exciting Technology Roadmap to customers. The new positions are Chief Technology Officer and Head of Development, Mine Planning. As Chief Technology Officer (CTO), Simon Ratcliffe will manage technology strategy and how this... 

Rio CEO says staff 'shocked' by probe that may take years

By: Bloomberg     15th November 2016 Rio Tinto Group CEO Jean Sebastien Jacques said an investigation into the lawfulness of a payment made to an external consultant relating to a giant iron ore project in Guinea has “shell-shocked” the company and may take several years to resolve. The world’s second-biggest miner last week... 

Leaked emails drag top Rio bosses into Guinea mine woes

By: Reuters     10th November 2016 Top Rio Tinto executives discussed payments to a consultant working to smooth relations with Guinea, weeks after it announced a settlement allowing it access to one of the world's largest iron ore deposits, according to internal emails. Rio reported the April 2011 email correspondence on... 

Met coal tops $300 first time since 2011 Australian floods

By: Bloomberg     8th November 2016 Spot metallurgical coal topped $300 a metric ton for the first time since flooding in Australia curbed output from the world’s biggest seaborne exporter five years ago. Hard coking coal rose to $307.20/t on Tuesday, extending a surge that has seen the price more almost quadruple since the start... 

There’s an $8bn iron-ore quandary ahead for top miners

By: Bloomberg     3rd November 2016 The world’s biggest iron-ore miners are warning that prices are set to decline – just as they need to begin spending as much as $8-billion developing new mines to keep their best cash machines ticking over. Over the next five-to-10 years, the miners need new production to replace almost... 

First
Prev
1
2 3 4 5 6 7 8 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