http://www.engineeringnews.co.za
R/€ = 15.96 Change: -0.12
R/$ = 14.13 Change: -0.07
Au 1321.28 $/oz Change: 15.70
Pt 807.44 $/oz Change: 23.85
 

Topic

Institute forecasts better year for silver

By: Mariaan Webb     6th February 2019 Following a challenging year for silver, reflected in the muted price performance of 2018, the Silver Institute expects 2019 to be a better year for the metal and that prices will regain some shine. The Washington-based nonprofit industry association says it expects sentiment for the silver... 

JOGMEC establishes Johannesburg Office as a base for natural resource development in Africa

30th January 2019 The Japan Oil, Gas and Metals National Corporation (JOGMEC) will be setting up an office in Johannesburg, South Africa on February 1, 2019, bringing the number of international JOGMEC offices to 14. “Recognising the immense potential which Africa has in supplying the world with natural resources,... 

Trump lifts Rusal, EN+ sanctions as Glencore shuffles stake

By: Bloomberg     28th January 2019 The US Treasury Department lifted sanctions on three firms tied to Russian tycoon Oleg Deripaska, including United Co. Rusal, a move that will provide relief to the global aluminum market. The metal fell in London. Deripaska, an ally of Russian leader Vladimir Putin, will remain under US... 

Three named to En+ voting trust as Deripaska looks to reduce stakes

By: Reuters     18th January 2019 Russian conglomerate En+ Group on Friday named three Americans who will form a voting trust to help Oleg Deripaska reduce his stake in the company in exchange for a waiver from US sanctions. Deripaska has agreed to reduce his stake in London-listed En+ to 44.95% from 70% and assign any voting... 

GOP senate backs end to sanctions on firms tied to Putin ally

By: Bloomberg     17th January 2019 The Senate blocked a Democratic bid to force the Treasury Department to keep sanctions on three Russian companies linked to oligarch Oleg Deripaska, as most Republicans backed the Trump administration’s plan to lift the penalties. The 57-42 Senate vote Wednesday was three short of the 60 needed... 

Senate advances measure to keep sanctions on Deripaska companies

By: Bloomberg     16th January 2019 The Senate advanced a resolution to block the Treasury Department from lifting sanctions on three Russian companies linked to oligarch Oleg Deripaska, with 11 Republicans aiding Democrats in a rare split with President Donald Trump. The 57-42 vote to take up the measure Tuesday came shortly... 

Mnuchin defends lifting sanctions on firms tied to Putin ally

By: Bloomberg     11th January 2019 Treasury Secretary Steven Mnuchin signaled he won’t back down from plans to lift sanctions on three companies tied to an ally of Russian President Vladimir Putin even as he said the Trump administration would consider delaying the move to accommodate concerns raised by lawmakers. Mnuchin denied... 

Democrats ask for delay in easing sanctions linked to Deripaska

By: Bloomberg     9th January 2019 Seven new Democratic chairmen of House committees demanded Tuesday that Treasury Secretary Steven Mnuchin hold off on the planned easing of sanctions against three companies tied to Russian billionaire Oleg Deripaska. “As the chairs of committees with oversight jurisdiction over the US response... 

Gold treads lower on improved risk appetite; palladium at record high 

By: Reuters     9th January 2019 Gold prices edged lower on Wednesday as a likely end to a long-drawn Sino-US trade war boosted risk sentiment, outweighing expectations of a pause in interest rate increases by the Federal Reserve. Meanwhile, palladium hit a record high at $1 340.50 an ounce during the session. 

US steel tariff fight stirs up a swarm of WTO litigation

By: Reuters     30th October 2018 The United States urged European Union governments on Monday to reflect on whether it was really in their interest to go ahead with a trade dispute over US metals tariffs, and said it was hopeful of settling the issue with Mexico and Canada. The US tariffs attracted an unprecedented seven... 

Shake-up at US energy regulator raises specter of coal bailout

By: Bloomberg     26th October 2018 An untimely resignation has given one Kentucky Republican a second shot at saving coal. Neil Chatterjee, former energy adviser to Senate Majority Leader Mitch McConnell, has been tapped to lead the Federal Energy Regulatory Commission after Chairman Kevin McIntyre stepped down this week due to... 

Uranium market's Aramco unveils London IPO despite Trump threat

By: Bloomberg     22nd October 2018 The initial public offering (IPO) of the world’s largest oil producer Saudi Aramco may be on the back burner, but the IPO of its uranium-market equivalent is full steam ahead. Kazatomprom, the world’s No. 1 producer of the nuclear fuel, on Monday said it would list as much as 25 percent of its... 

US EPA withdraws proposed Obama-era rule change for uranium mining

By: Reuters     21st October 2018 The US Environmental Protection Agency said on Friday it has withdrawn a regulation proposed in the last days of the Obama administration that aimed to tighten health and safety compliance rules for uranium miners. On January 19, 2017 - a day before Donald Trump took office as president - the... 

Clash over Trump tariffs heats up with barrage of WTO litigation

By: Reuters     19th October 2018 Disputes over US tariffs and retaliatory moves by other states have sparked 12 requests for adjudication at the World Trade Organization, signalling an escalation in global trade tensions. The agenda for an Oct. 29 meeting of the WTO's dispute settlement body on Friday confirmed the legal moves,... 

Study that fails to back Trump coal rescue plan kept under wraps

By: Bloomberg     15th October 2018 A report commissioned by the Energy Department failed to reach conclusions favoring the Trump administration’s efforts to prop up coal and nuclear power – and remains under wraps six months after submission. “The report hasn’t seen the light of day,” the principal author, Michael Webber tweeted... 

China aluminium exports to surge on trade war - CRU

By: Reuters     9th October 2018 Chinese aluminium exports are expected to surge in coming months and next year after Beijing boosted tax rebates as part of a package to soften the impact of a trade war with the United States, according to industry consultancy CRU. High Chinese exports of metals such as aluminium and steel in... 

Chile eyes new copper markets to shield economy from trade war

By: Reuters     9th October 2018 Chile aims to find new copper markets and expand its lithium industry as it seeks to shield its economy from a US.China trade war, the mining minister of the world's biggest copper producer said on Monday. Baldo Prokurica also told Reuters the South American nation was considering further... 

Nickel price to benefit from short supply, strong steel demand through 2019

By: Reuters     12th September 2018 Slower production increases in leading supplier Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price gains through 2019. Nickel, which recently hit its lowest since December, could climb as high as $16 000... 

Gold slips amid US-China trade war concerns

By: Reuters     12th September 2018 Gold fell on Wednesday, but remained stuck in a narrow trading range as investors worry about a simmering trade war between the United States and China. Spot gold was down 0.3% to $1 193.61 an ounce at 1200 GMT, after hitting its lowest since Aug. 24 at $1 187.21 on Tuesday. US gold futures eased... 

Polyus on track to boost gold output in 2019

By: Reuters     12th September 2018 Polyus, Russia's largest gold producer, is on track to boost production to 2.8-million troy ounces and to reduce its capital expenditure in 2019, its CEO Pavel Grachev told Reuters. Its 2018 production is on track to reach the upper end of its forecast range of 2.375-million to 2.425-million... 

Rusal's August aluminium exports up 7% from July - Ifax

By: Reuters     6th September 2018 Russian aluminium producer Rusal, under US sanctions since April, increased its aluminium exports by 7% in August compared to the previous month, Interfax news agency said. Rusal, the world's second-largest aluminium producer, saw its exports and supply chain crippled after Washington put the... 

India-US dialogue to set outline for Indian crude oil imports from Iran

By: Ajoy K Das     5th September 2018 The Indian government will not totally halt crude oil imports from Iran, but will likely show flexibility on volumes of inward shipment as a nuanced stance at the US-India bilateral engagements starting Wednesday. The Indian government reckons that this willingness to reduce crude volume imports... 

At China-Africa summit, officials dismiss debt criticism

By: News24Wire      5th September 2018 Chinese and African officials have rejected criticism of Beijing's development projects on the continent as they ended a summit that included a $60-billion pledge for more aid to the continent. President Xi Jinping hosted leaders from across Africa  amid questions whether his country's Belt and... 

Iran says it plans to boost ballistic, cruise missile capacity

By: Reuters     3rd September 2018 Iran plans to boost its ballistic and cruise missile capacity and acquire modern fighter planes and submarines, the Iranian state news agency IRNA quoted a senior Defence Ministry official as saying on Saturday. News of the military development plans came a day after Iran dismissed a French call... 

China's Xi offers another $60bn to Africa, but says no to 'vanity' projects

By: Reuters     3rd September 2018 Chinese President Xi Jinping offered another $60-billion in financing for Africa on Monday and said Chinese companies will be encouraged to invest no less than $10-billion over the next three years, but he also warned against "vanity projects". Speaking at the opening of a major summit with... 

China's Xi says no strings attached to funds for Africa

By: Reuters     3rd September 2018 Chinese funds are not for "vanity projects" in Africa but are to build infrastructure that can remove development bottlenecks, Chinese President Xi Jinping said on Monday, telling Chinese firms they also had to respect local people and the environment. Xi said at a business forum before the start... 

US–China trade tensions to shackle copper prices

By: Reuters     29th August 2018 Copper prices have recovered from a recent rout, but the possibility of the trade dispute between the Washington and Beijing escalating and its potential to crimp demand in China, the world's top consumer, is expected to cap gains. Benchmark copper on the London Metal Exchange at $6 100 has... 

South African farmers play chicken with Trump tariffs

By: Reuters     29th August 2018 Herman Pretorius is just the kind of white South African farmer US President Donald Trump expressed concern for when he barged into the country's delicate land reform debate by ordering an investigation into the "large-scale killing of farmers". But for the greying, bespectacled 58-year-old,... 

Mexico's next leader says NAFTA deal preserves energy 'sovereignty'

By: Reuters     28th August 2018 Mexican president-elect Andres Manuel Lopez Obrador welcomed a deal between Mexico and the United States to overhaul the North American Free Trade Agreement (NAFTA) that he said preserved Mexican "sovereignty" in the energy sector. The U.S.-Mexico deal was announced by US President Donald Trump... 

Trump proposes unwinding Obama's coal-plant pollution curbs

By: Bloomberg     21st August 2018 President Donald Trump’s administration on Tuesday unveiled its plan to dramatically weaken carbon dioxide limits on coal-fired power plants by shifting most of the regulatory burden to states in a further assault on the Obama climate legacy. The Environmental Protection Agency’s "Affordable... 

Poultry group seeks to suspend US import quota

By: Reuters     21st August 2018 The South African Poultry Association (SAPA) has filed a legal action to force the government to suspend a quota that excluded imports of US poultry from South Africa's anti-dumping tariff, a senior official with the association said on Tuesday. The decision by SAPA was a response to the Trump... 

Kizeltepe benefiting from weaker lira, higher grades

By: Mariaan Webb     16th August 2018 The Kiziltepe mine, which Aim-listed Ariana Resources owns in a joint venture (JV) with Turkey's Proccea Construction, is benefitting from the recent movements in the value of the lira, with operational costs incurred in the local currency decreasing. Ariana MD Kerim Sener said on Thursday that... 

Russian miners explore payment schemes eschewing dollar

By: Reuters     15th August 2018 Two of Russia's biggest mining companies said on Wednesday they were investigating rouble-based payments schemes, amid calls from Moscow to reduce the role of the US dollar in Russian trade and so limit the impact of US sanctions. The Kremlin said on Monday that Russia favoured bilateral trade... 

Threat of contagion in emerging markets deepens commodity risk

By: Bloomberg     13th August 2018 When Thailand devalued its currency two decades ago, few in global commodity markets took note. Within a year, the crisis morphed into an emerging-market rout that eviscerated the price of everything from crude oil to copper. Fast forward to today and Turkey is presenting a similar challenge. The... 

Russia's shield against sanctions draws praise from Moody's

By: Bloomberg     7th August 2018 Russia is ready to absorb the blow from any new sanctions the US throws its way, according to Moody’s Investors Service. Measures to cut down holdings of Treasuries and reduce exposure to the dollar have made the economy less vulnerable to the threat of deeper penalties, Moody’s analyst Kristin... 

Russia's Rusal shuts down Nadvoitsky plant due to US sanctions

By: Reuters     7th August 2018 ussia's Rusal, the world's largest aluminium producer outside China, has started shutting down production at one of its smaller plants as a result of US sanctions on the company, Rusal representatives said on Monday. Operations at the Nadvoitsky aluminium smelter in Russia's Karelia region... 

Alcoa asks US government for tariff exemption on Canadian aluminum

By: Reuters     7th August 2018 Alcoa Corp on Monday asked the US.Commerce Department to exempt from tariffs its purchases of 40 000 metric tons of Canadian aluminum used to make beverage cans, adding to thousands of requests for such relief. According to documents posted to its website, Alcoa said no US aluminum producer can... 

Canada to soften carbon tax as firms fret about US competition

By: Reuters     2nd August 2018 Canada will soften the impact of a planned carbon tax on major emitters of greenhouse gases after businesses complained it would make them less competitive with the United States, officials said on Wednesday. The move underlines the challenges facing Canada as it tries to deal with Washington... 

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