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CME welcomes Australia’s uranium trade deal with India 

By: Esmarie Swanepoel The Western Australian Chamber of Minerals and Energy (CME) has welcomed the federal government’s agreement with India, under which Australian uranium would be exported and used for nuclear power generation in that country. In a trip to Delhi last week, Australian Prime Minister Tony Abbott... 

Beach reports higher revenue on increased production

By: Esmarie Swanepoel Australia’s largest onshore oil producer, Beach Energy, has reported a 51% increase in revenue during the financial year ended June, driven by higher production. Beach on Monday reported that revenue of over A$1-billion, up from A$698-million in the previous financial year, as oil production... 

Major global future demand for South African platinum – Friedland

By: Martin Creamer The future of the world is urbanisation and South Africa is uniquely placed to supply the major volume of the platinum metals that the world will need in large quantities to clean its air. “Platinum metals equal healthier air,” Ivanhoe Capital Corporation chairperson Robert Friedland told the... 

Beach predicts higher output and capital spend in 2014

By: Esmarie Swanepoel ASX-listed Beach Energy has increased its production expectations for the 2014 financial year, following strong quarterly results for the three months to December. The oil and gas producer on Thursday said that production was expected to reach between 9.2-million and 9.6-million barrels of oil... 

Calls for nationalisation grip India in season of resource scams

By: Ajoy K Das Resource nationalism was gaining traction among Indian political parties and trade unions, cornering the Prime Minister Manmohan Singh-led coalition government and forcing its neoliberal economic policies towards the left. ‘Back to Nationalism’ was proving to be an effective slogan in uniting... 

SA to host ‘world cup’ of geosciences in 2016

By: Natasha Odendaal South Africa is readying itself to host the “world cup” of geosciences – the thirty-fifth International Geological Congress (IGC) – in 2016, local organising committee chairperson and IGC joint president Professor Richard Viljoen reported. The closing ceremony on Friday of the thirty-fourth IGC,... 

Afghanistan awards Hajigak development to Indian consortium

By: Ajoy K Das The government of Afghanistan on Tuesday awarded the development of the three blocks in the 1.8-billion ton Hajigak iron-ore reserves to Afghan Iron & Steel Consortium (Afisco), led by India’s largest integrated steel producer, Steel Authority of India Limited (SAIL). Blocks B, C and D have been... 

Asia

By: Site Administrator Tenders for work from Asia  

Asia

By: Creamer Media Reporter Tenders arising for work in Asia  

Real Economy Report

By: Creamer Media Reporter This is the Real Economy Report. Our top stories this week: a R1-billion clean-tech investment fund is launched, the million tree plan for Johannesburg and, we preview the upcoming India, Brazil, South Africa, summit. 

South African steel products maker to open shop in India

By: Brindaveni Naidoo A local manufacturer of steel products for the mining industry VR Steel reports that it will set up shop in India from January next year, making this the company’s fifth global operation. The company has appointed an Indian national who will work directly from VR Steel’s offices in Delhi, the... 

On-The-Air 02/08/2002

SAfm anchor Audrey Brown As always on a Friday at this time, AMLive is joined by Martin Creamer, Publishing Editor of Engineering News and Mining Weekly. Martin, a very good morning to you. I believe it is war against foreigners but of the green and leafy kind. Martin Creamer:That’s right.... 

Autocats: platinum's rise is palladium's fall

Last year saw the fortunes of sister platinum-group metals platinum and palladium come into stark contrast; global demand for platinum was forecast to increase by 5% to a record 5,94-million ounces, meanwhile, after experiencing a rapid growth throughout the second half of the 1990s, demand for... 

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R/€ = 14.17Change: 0.03
R/$ = 11.58Change: -0.02
Au 1197.75 $/ozChange: 0.83
Pt 1200.50 $/ozChange: 3.00