http://www.miningweekly.com
R/€ = 15.71 Change: 0.00
R/$ = 13.43 Change: -0.02
Au 1231.96 $/oz Change: 8.71
Pt 829.00 $/oz Change: 16.94
 

Topic

Uranium tariffs threaten nuclear plants Trump is trying to save

By: Bloomberg     20th July 2018 The Trump administration’s decision to consider tariffs on uranium imports may raise the cost of fuel for nuclear reactors and undermine a separate initiative to shore up struggling electricity generators. The Commerce Department said Wednesday it will probe whether uranium imports “threaten to... 

US coal bailout review is said to slow as Trump faces pushback

By: Bloomberg     23rd April 2018 A bankrupt power generator’s plea for President Donald Trump to help saving money-losing power plants has drawn opposition from key administration officials, slowing action on the proposal, according to two people familiar with the deliberations. FirstEnergy Solutions Corp. asked the Trump... 

Trump's latest plan for saving coal comes from the Cold War

By: Bloomberg     20th April 2018 Months into the Korean War, President Harry Truman capped wages and imposed price controls on the steel industry, seizing authority under a newly passed law to take action in the name of national defense. Now, more than a half century later, Trump administration officials are considering using... 

Shrinking platinum sector adds to Ramaphosa's economy challenge

By: Bloomberg     26th March 2018 “Ramaphoria” boosted the rand and revived investor sentiment on South Africa. But deep underground in the country’s platinum mines, there’s very little cause for optimism. Producers in South Africa, which accounts for about 70% of the world’s mined platinum, are closing shafts and cutting... 

Lithium miner eyes even greater riches in piles of battery waste

By: Bloomberg     23rd March 2018 Recycling lithium material from used electric vehicle batteries promises to be even more profitable than mining the increasingly valuable metal, according to an Australian producer building a test facility in Canada. Perth-based Neometals is working to recover raw materials including lithium,... 

A new era of batteries spells trouble for gas in America

By: Bloomberg     12th January 2018 California, the state that helped birth the global boom in battery-toting electric vehicles, is trying to spark a similar transformation for utilities. And that spells trouble for power plants all across the U.S. that run on natural gas. The California Public Utilities Commission approved an... 

Even with Trump minerals order, US miners seen trailing China

By: Reuters     23rd December 2017 Even if Donald Trump’s initiative on 'critical minerals' strengthens the US mining industry, domestic companies would still struggle to compete with low-cost Chinese competitors, according to Bloomberg Intelligence. The president signed an executive order this week to identify new US sources of... 

Trump signs order to boost US production of critical minerals

By: Bloomberg     21st December 2017 President Donald Trump signed an executive order to reduce dependency of critical minerals used in everything from batteries to phones. “The comprehensive order aims to identify new sources of critical minerals, ensure miners and producers have access to the best data, and streamline the leasing... 

Biggest Australian business lender to stop new coal mine funding

By: Bloomberg     14th December 2017 National Australia Bank (NAB) pledged to stop funding new thermal coal mine developments and boost lending to renewable energy projects as part of global efforts to tackle climate change. “While we will continue to support our existing customers across the mining and energy sectors, including... 

Tertiary director, former BHP exec David Whitehead passes away

By: Mariaan Webb     29th November 2017 Mining geologist David Whitehead has passed away at the age of 74, Aim-listed Tertiary Minerals reported on Wednesday. Whitehead was a nonexecutive director of the company at the time of his passing. 

Mnangagwa's task to rebuild Zimbabwe economy

By: Bloomberg     23rd November 2017 When Emmerson Mnangagwa takes over from Robert Mugabe as Zimbabwe’s President on Friday, he’ll inherit an economic wasteland that will take years and a complete reversal of some of the government’s signature policies to set right. Among Mnangagwa’s key challenges will be to revive an... 

CSIR signals renewables-led electricity mix by 2050 

By: Terence Creamer     16th November 2017 The CSIR Energy Centre has published updated research outcomes indicating that South Africa’s least-cost electricity mix, by 2050, includes predominantly solar photovoltaic (PV) and onshore wind contributing nearly 80% of the country’s electrical energy. The research outcomes, which were released... 

Mad scramble for lithium mines stretches from Congo to Cornwall

By: Bloomberg     25th October 2017 For evidence of just how hot battery ingredient lithium is right now, look no further than Australia’s AVZ Minerals. A penny stock until a few months ago, the mining hopeful has surged about 1 500% this year. The proposition: recasting a remote, century-old tin mine in the Democratic Republic of... 

Here's one commodity rally that may end up being short-lived

By: Bloomberg     27th September 2017 Is it finally time to get excited about nitrogen fertiliser? Since the end of June, prices for the world’s most commonly used crop nutrient have soared 60 percent in the US – rebounding from the lowest levels in more than a decade. There have been similar moves in Brazil, India and the Middle... 

Paulson and other hedge funds rewarded as angst fuels gold

By: Bloomberg     15th August 2017 Hedge-fund managers including billionaire John Paulson are being rewarded as investor worries over everything from uneven economic data to US-North Korean tensions fuel a rally in bullion. At the end of June, Paulson & Co. owned 4.36-million shares of SPDR Gold Shares, a US government filing... 

This Canadian copper giant is missing best of metal's surge

By: Bloomberg     12th August 2017 As copper producers from Freeport-McMoRan to BHP Billiton ponder what to do with the windfall from surging prices, First Quantum Minerals has no such dilemma. Unlike most of its peers, First Quantum’s copper sales are fully hedged – at an expected average price of $2.37/lb for the second half of... 

Trump is said to be 'really interested' in payments for coal use

By: Bloomberg     10th August 2017 West Virginia Governor Jim Justice said Donald Trump is “really interested” in his plan to prop up Appalachian mining by giving federal money to power plants that burn the region’s coal. Justice, a coal and real estate mogul elected governor last year as a Democrat, announced at a West Virginia... 

Sub-Saharan Africa’s iron-ore sector to benefit from Chinese investment

28th July 2017 Sub-Saharan African iron-ore production is expected to continue to edge up from 93-million tons in 2017 to 103-million tons in 2021, as continued Chinese investment in the region offsets the effects of lower global prices, says research firm BMI, which also, however, warns of the risk the... 

Big boost for platinum as world's mayors tackle urban air pollution 

By: Martin Creamer     30th March 2017 The plans of the mayors of the world’s biggest cities to tackle urban air pollution head-on are a major plus for platinum, which catalyses the exhaust systems of vehicles and is the key metal in the emergence of emission-destroying fuel cells. The clean-air programme is being spearheaded by C40... 

Trump-policy concerns send gold shooting to a two-month high

By: Bloomberg     7th February 2017 Gold futures surged to the highest in more than two months as investors grow wary about the possible impact of US President Donald Trump’s domestic and international policies. Data on Friday showed US wage growth slowed, reducing the odds of Federal Reserve rate increases this year and sending... 

Ivanhoe CEO heads to DRC this weekend to address confusion

By: Henry Lazenby     28th May 2015 Africa-focused project developer Ivanhoe Mines will send a high-level delegation to the Democratic Republic of Congo (DRC) this weekend to address any “misunderstandings” that might exist between itself and the government following Ivanhoe’s announcement on Monday to sell nearly half of the Kamoa... 

Mining in Botswana

15th April 2015 As an International Trade Fair focused on mining and construction in Africa, particularly within the Southern African Development Community (SADC), the Organizers of BAUMA CONEXPO AFRICA 2015 look on excitedly as the mining industry continues to develop in Botswana. Particularly as bauma Africa... 

Minerals royalty tax regime to remain in force – Zambia’s new leader

By: Ilan Solomons     6th February 2015 The new mineral royalty tax regime will remain, according to newly inaugurated Zambian President Edgar Lungu, adding that government’s policies will remain consistent and predictable. “. . . government’s desire to ensure companies pay the correct taxes will continue,” he emphasised shortly after... 

Expect increased mining M&A with a difference – Standard Bank 

By: Martin Creamer     2nd February 2015 Because investors have been shunning the mining sector, mining company CEOs lacked the confidence to undertake any significant merger and acquisition (M&A) in the last two years. M&A generally thrives on confidence, which has been in short supply because of commodity prices falling even further... 

Anglo American may sell two more Australian coal mines – report

By: Esmarie Swanepoel     27th January 2015 Mining major Anglo American said on Tuesday that its coal portfolio review was still under way and that the outcome of the review was still to be determined. This comes after newswire Bloomberg reported that Anglo American may sell more of its Australian coal assets, citing a person with... 

Sarel Daantjie

By: Martin Creamer     23rd January 2015 Main Activity of the Company: Mining contracting company Date and Place of Birth: April 25, 1985, George Stegman Hospital, Saulspoort Village, north of Rustenburg, North West Province Education: Grade 9, St Dominic’s Convent School, Rustenburg First Job: Sub contractor to Anglo American Size of... 

Indian miner plans Mozambique power station as study into network is almost complete

By: Keith Campbell     28th November 2014 Indian company International Coal Ventures Limited (ICVL) has despatched its first shipment of coal from its recently acquired Benga mine in Mozambique to India. This shipment was composed of metallurgical or coking coal and was sent to the Steel Authority of India (SAIL). This was revealed to... 

Ivanhoe blasts media report alleging South African transgressions

By: Henry Lazenby     8th October 2014 Ivanhoe Mines on Wednesday hit back at a media report by Bloomberg that, among other accusations, alleged the company had rigged representative elections to a community trust that was set up as part of a broad-based black economic-empowerment (BBBEE) deal that gave 20 local communities a 26%... 

Lacklustre Chinese demand drives iron-ore prices to 5-year low

By: Henry Lazenby     2nd September 2014 Benchmark iron-ore prices, which had fallen by more than one-third since the start of the year, last week breached the $90/t level and continued to spiral lower to 86.2/t on Monday, as a supply glut faces reduced demand growth from the commodity’s largest consumer, China. London-based fund... 

Miners to feel the pinch of doubled freight rates in 2015 – report

By: Natalie Greve     27th June 2014 Citing consensus among shipping analysts that Capesize freight rates will double within the next year, fund manager Liberum Capital has cautioned about the impact of this on the margins of mining companies – particularly those in the iron-ore sector. According to Bloomberg-compiled freight... 

Alpha Natural Resources polluted rivers – US judge

By: Henry Lazenby     9th June 2014 A US federal judge of the Western Virginia District Court had last week ruled that two mines owned by NYSE-listed US coal producer Alpha Natural Resources in southern West Virginia had illegally polluted streams. District chief judge Robert Chambers in his verdict on Wednesday found that Alpha... 

Australia puts off penalties in proposed fund to cut emissions

By: Bloomberg     2nd May 2014 Australia will focus on rewards rather than penalties for limiting greenhouse gases, according to a government paper outlining a new climate policy proposed to start this year. Prime Minister Tony Abbott’s Liberal-National coalition, vowing to throw out the nation’s existing levy on emitters,... 

Mining majors prioritising value over volume as profits, valuations sag

By: Henry Lazenby     4th April 2014 Bruised and battered, the global mining industry today is undergoing a sea change. Practices and policies that might have worked wonders in the past are not as relevant today, and new approaches to running profitable mining operations need to be found. Many mining majors, across all commodity... 

Mining majors prioritising value over volume as profits, valuations sag

By: Henry Lazenby     4th April 2014 Bruised and battered, the global mining industry today is undergoing a sea change. Practises and policies that might have worked wonders in the past are not as relevant today, and new approaches to running profitable mining operations need to be found. Many mining majors, across all commodity... 

Canada, the global ‘mining capital’, reaffirms support for industry

By: Henry Lazenby     5th March 2014 The Canadian Ministry of Natural Resources this week used the world’s largest gathering of miners, the Prospectors and Developers Association of Canada’s (PDAC’s) International Convention, Trade Show and Investors Exchange to once more throw its full weight behind the mining industry. Speaking at... 

Dominion Diamonds updates Diavik and Ekati mine plans

By: Henry Lazenby     4th February 2014 Canadian precious gem producer Dominion Diamond Corp on Monday afternoon said that in 2014, it planned to produce about 7% fewer carats from the Diavik mine, in Canada’s Northwest Territories, while operating costs were expected to drop 16% as underground development at the site wound down. In... 

Global poll forecasts gold's climb to $1 405/oz next year

By: Martin Creamer     2nd October 2013 The London Bullion Market Association (LBMA) conference has ended in Rome with a moderate collective gold price forecast of $1 405/oz by the time the LBMA meets again, in Lima, in November next year. During the two-day LBMA conference, more than 800 delegates from 300-plus companies listened to... 

China, India now consuming 60% of global gold – World Gold Council

By: Martin Creamer     1st October 2013 China and India were currently the consumers of more than 60% of global gold, World Gold Council Far East MD Albert Cheng said on Tuesday. Cheng, who was speaking to Mining Weekly Online from the London Bullion Market Association (LBMA) conference in Rome, said China was on track to consume at a... 

First
Prev
1
2 Next Last

Latest News

more

Latest Videos

more

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
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 MiningWeekly.com 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
Close