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ENRC wins UK appeal in attorney-client privilege case

By: Bloomberg     6th September 2018 A UK appeals court on Wednesday overturned a decision forcing a Kazakh mining company to hand over documents to prosecutors who are investigating the firm for corruption, marking a decisive victory for law firms helping firms manage fraud and bribery cases. The ruling means that Eurasian Natural... 

Caterpillar raises 2018 profit outlook, beats quarterly estimates

By: Reuters     30th July 2018 Caterpillar on Monday upgraded its full-year profit outlook after earnings in the second quarter nearly doubled, beating market expectations, helped by robust global demand for its equipment. The Deerfield, Illinois-based company reported an adjusted profit of $2.97 a share in the second... 

Chicago Pneumatic generates success at Botswana MTEs with three genset giveaways

15th May 2018 Chicago Pneumatic strenthened its foothold outside South Africa’s borders with the sponsorship of a CPPG5 (5.5Kva) petrol-driven portable generator at each of the three Mining & Technical Exhibitions (MTEs) held in Botswana during April 2018. Eben van der Vyver, Business Development Manager for... 

Gold bulls left waiting for boost from global angst as oil jumps

By: Bloomberg     10th May 2018 The gold market is greeting geopolitical turmoil with a yawn. The metal, which has dropped for three straight weeks, extended losses Wednesday as Treasury yields and crude oil jumped on the US plan to reinstate sanctions on Iran. The metal is trading at the cheapest relative to crude since late... 

Winner of second CPPG generator sponsored by Chicago Pneumatic at the Mining & Technical Exhibition in Modikwa, Limpopo

9th March 2018 Caption to photo: Chicago Pneumatic Business Development Manager Eben vd Vyver (left) & dealer Johnathan Cassell from Grinding Power (right) with Heinrich Drews, Modikwa Mine, the winner of the second CPPG5 generator sponsored by Chicago Pneumatic at the Mining & Technical Exhibition (MTE) which... 

Gold, copper decline as Powell's remarks on rates boost dollar

By: Bloomberg     27th February 2018 Gold and copper futures fell as the dollar was buoyed by a statement from Federal Reserve chairperson Jerome Powell that signalled US policy makers will keep on gradually raising interest rates, undeterred by recent market fluctuations. “Despite the recent volatility, financial conditions remain... 

Century Aluminum CEO: will recall workers if Trump imposes tariffs

By: Reuters     23rd February 2018 The main US producer of high-purity aluminium used in military aircraft is poised to begin restarting idled production lines at its smelter in eastern Kentucky and recall some 350 workers if President Donald Trump imposes aluminium import curbs. Century Aluminum CEO Michael Bless told Reuters on... 

Win one of 25 CPPG generators at MTE, compliments Chicago Pneumatic

14th February 2018 Visitors to this year’s Mining & Technical Exhibitions (MTE) stand the chance of winning one of 25 Chicago Pneumatic CPPG5 (5.5Kva) petrol-driven portable generators. ”In a bid to grow the Chicago Pneumatic brand within the mining industry which is a key market for us, we took the decision to... 

ADM has made takeover approach to Bunge – WSJ

By: Reuters     20th January 2018 Agricultural processing and trading company Archer Daniels Midland has proposed a takeover of Bunge, the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore in an industry moving towards consolidation. Bunge and other top grains... 

Palladium bulls rule as prices hit record on tight supply

By: Bloomberg     15th January 2018 Palladium bulls are having a party. The metal used to curb pollution from gasoline-fueled engines climbed to a record in the spot market amid signs of robust demand. In China, Honda Motor Co.’s vehicle sales climbed 16% to a record last year. General Motors Co.’s sales in the Asian nation, the... 

Fed spells relief for gold traders worried over rate-hike pace

By: Bloomberg     14th December 2017 Spot gold headed for the biggest gain in three weeks after Federal Reserve officials stuck with a projection for three interest-rate increases in the coming year, easing concerns that quickening economic growth would spur an even faster pace of monetary tightening. By a 7-2 vote, the Fed on... 

Palladium surge felt on Chicago streets as thieves plunder cars

By: Bloomberg     27th October 2017 Investors aren’t the only ones who have noticed palladium’s surge this year. To appreciate the impact of the recent jump in prices, one need look no further than the streets of Chicago. A police locale put out a bulletin on October 23 alerting residents to thefts of catalytic converters, vehicle... 

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... 

Gold closes above $1 300 for first time this year on dollar, Fed

By: Bloomberg     29th August 2017 Gold futures closed above $1 300/oz for the first time since November as the dollar dropped and speculation mounted that policy makers will be slow to raise US interest rates. Futures for delivery in December rose 1.3% to settle at $1 315.30 at 1:42 pm on the Comex in New York. The Bloomberg... 

Canada wildfires prompt lumber price surge, mine shutdowns

By: Bloomberg     18th July 2017 Wildfires sweeping across British Columbia, the world’s biggest exporter of softwood lumber, sent timber prices surging and forced the closure of two copper mines in the western Canadian province. More than 375 fires have swept across the province, burning forests, displacing an estimated 37 000... 

Another bullion flash crash is testing the nerve of traders

By: Bloomberg     8th July 2017 After-hours surges and plunges that have whipsawed gold and silver prices over the past two weeks are unnerving traders. Silver futures sank as much as 10%, as more than 25-million ounces of the precious metal traded within a minute just after 7 AM in Singapore Friday. Last week, gold fell below... 

Chicago Pneumatic high pressure compressors support unique blast hole drilling machines in India

10th April 2017 Chicago Pneumatic skid mounted air compressors are playing a vital role in new blast hole drilling machines being used for overburden removal in the coal fields of central India. M/s BGR Mining (P) and Infra Pvt. Ltd, one of the biggest mining contractors in Hyderabad, with a fleet of 1600... 

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... 

Glencore pivots from disposals to dividends as stock rallies

By: Bloomberg     29th November 2016 What a difference a year makes. Glencore fended off questions in 2015 about its survival as commodity prices hit new lows, and now there’s talk that the company’s turnaround plan has gone so well that it could be months away from paying dividends again. Surging coal and zinc prices, a rebounding... 

Copper posts best back-to-back gain since 2013 on Trump splurge

By: Bloomberg     11th November 2016 Donald Trump has vowed to revitalise America’s ageing airports, schools and bridges, and traders are betting he’ll need copper. The metal is up 7% since Trump won the US presidency, capping the biggest two-day gain in three years.  

Chesapeake Energy declares ‘propageddon’ with record shale frack

By: Bloomberg     21st October 2016 The era of the monster frack has arrived in North America, and Chesapeake Energy Corp. is singing its praises. Chesapeake said Thursday at an analyst conference that it set a new record for fracking by pumping more than 25 000 t of sand down one Louisiana natural gas well, a process the shale... 

Dubai gold refiner commits to new US due diligence protocols

By: Ilan Solomons     7th October 2016 Dubai-based integrated precious metals solutions provider Kaloti Precious Metals (KPM) says it fully supports the new US conflict minerals corporate due diligence compliance initiatives.  KPM GM Spencer Campbell notes that as the regulatory change around the gold industry continues to be adapted... 

Solutions sharing at heart of Las Vegas international mining show

By: Kimberley Smuts     23rd September 2016 This year’s MINExpo International event is themed Technology and Solutions for Today and Tomorrow, which is ultimately what the event’s more than 1 900 exhibitors of equipment, parts and services for the global mining industry will showcase, national trade organisation National Mining Association... 

World’s hottest stock is a 430% rally in a Peruvian silver miner

By: Bloomberg     15th September 2016 The most impressive advance in the stock market this year is a little-known Peruvian miner that rode the comeback in silver. 

Platinum rises most in four months as rand boosts mine-cost outlook

By: Bloomberg     7th September 2016 Platinum futures had the biggest gain in more than four months as a rise in South Africa’s rand spurred speculation that production costs will rise. The rand led gains in emerging-market currencies as data showed South Africa’s economy expanded last quarter on a rebound in mining and factory... 

Gold set for rare losses this month as metal’s popularity dims

By: Bloomberg     31st August 2016 For the first time in seven years, gold has fared poorly in August. Futures have dropped 3% this month as the Federal Reserve moved closer to raising interest rates and bullion purchases for exchange-traded funds slowed.  

MIOX water treatment technology reduces costs

26th August 2016 The South African market’s interest in the MIOX on-site chemical generator for industrial water purification has picked up considerably in the three years since local filtration equipment supplier Filcon Filters was awarded the distributorship for the US technology. 

General Pneumatic Natal

15th July 2016 General Pneumatics Natal has grown to become one of the major players in the industrial pneumatic supply market since being established in Kempton Park, Gauteng, in 1978, originally named General Pneumatics. The company’s original product range consisted of quick couplers for the pneumatic... 

Alcoa second-quarter profit drops on low aluminium prices

By: Reuters     11th July 2016 Alcoa on Monday reported a lower quarterly net profit, as revenue was hit by falling aluminium and alumina prices and plant operations that have been curtailed, closed or sold off. Alcoa reiterated its forecast for global automotive production growth in 2016 of 1% to 4%, but said continued... 

Sunward Pitches Economical Mining Equipment to the U.S Customers

8th July 2016 Many heavy equipment manufacturers from China are eyeing the rapidly growing mining equipment market in the United States. These equipment makers are joining hands with dealers based especially in Utah to explore new market in the country, say research analysts at Big Market Research.... 

Commodities reel in world market tumult as UK votes for Brexit

By: Bloomberg     24th June 2016 Commodities were swept up in global market turmoil as investors sold off growth-related assets including oil and copper and sought haven in precious metals as UK voters opted to leave the European Union after more than four decades. The Bloomberg Commodities Index fell as much as 2%, the most in... 

Gold posts biggest loss in four weeks as chances of Brexit ebb

By: Bloomberg     22nd June 2016 Gold posted the biggest loss in four weeks on speculation that a vote by Britons to stay in the European Union in Thursday’s referendum will undercut demand for the metal as a haven. Silver also fell, and copper rallied. While newer polls have been split on the outcome, betting shops put the... 

Southern Africa mining market familiarised with hydraulic light tower

By: Nadine James     13th November 2015 United Sales & Service (USS), an authorised distributor of Chicago Pneumatic Construction Equipment (CP), says it has successfully familiarised the Southern Africa mining market with its CLPT-H5 hydraulic light tower.  CP business development manager Jacques van der Westhuizen says the CLPT-H5,... 

Mitsui to shut precious metals business in London, New York – sources

By: Reuters     12th October 2015 Mitsui will close its precious metals businesses in London and New York at the end of this year, two sources familiar with the situation said, due to sliding commodity prices and more stringent regulation. "Mitsui is shutting down precious in London and New York in December," one source said. 

Mining’s long-term outlook positive as urbanisation and infrastructure development intensifies

By: Simon Rees     18th September 2015 The outlook for the global economy, infrastructure development and mining is not as dismal as many might believe, Deloitte global mining leader Phil Hopwood recently told an audience at the Canada-Southern Africa Chamber of Commerce’s seminar on infrastructure in Southern Africa. “People talk... 

Alliance Pipeline shuts mainline pipe network

By: Henry Lazenby     7th August 2015 Hydrocarbon pipeline operator Alliance Pipeline declared a force majeure event and closed its mainline pipeline early on Friday after hydrogen sulphide entered into the system on Thursday evening, as a result of complications experienced by an upstream operator. The pipeline operator called on... 

Lower commodity prices prompt Consol Energy to warn of impending Q2 loss

By: Henry Lazenby     21st July 2015 Falling coal and gas prices have pressed US fossil fuels producer Consol Energy to warn that it expects a loss for the three months ended June 30. The NYSE-listed company on Monday said the loss was expected despite hitting second-quarter guidance for both the exploration and production (E&P) and... 

With iceman on the way, US plants and suppliers get ready

By: Reuters     20th November 2014 US Steel is stockpiling extra iron ore ahead of what could be another record-long freeze-up of the Great Lakes. General Motors has built up inventories of critical parts at its plants and established a supply chain "crisis room" that will swing into action in the event of a major winter storm. 

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