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Proposed carbon tax ‘least-cost manner’ to ensuring greenhouse-gas reduction – Treasury

By: Schalk Burger     Updated 58 minutes ago The National Treasury released the Second Draft Carbon Tax Bill for public comment on Friday and averred that it “seeks to give effect to the polluter pays principle . . . and will assist, in a least-cost manner, in reducing greenhouse-gas (GHG) emissions and ensuring that South Africa meets its... 

Activated carbon producer to aid tailings processing

By: Marleny Arnoldi     15th December 2017 Activated carbon manufacturer Rotocarb offers tailings retreatment plants in the mining industry a solution for their water-intensive processing and wastewater treatment operations that uses local raw material, technology and deployment to produce activated carbon, which is critical in the... 

Europe’s coal plants will bleed more cash by end of 2020s

By: Bloomberg     15th December 2017 Almost all coal plants in the European Union will be outspending their income by the end of the next decade, relying on subsidies to stay open to back up wind and solar generation. About 54 percent of the region’s plants already fail to break even, according to a report by London-based Carbon... 

India’s national oil, gas firms likely to get higher prices for gas from ‘difficult’ projects

By: Ajoy K Das     14th December 2017 India’s Petroleum and Natural Gas Ministry has forwarded a proposal for approval of the Union Cabinet that will more than double the price of natural gas produced by national oil, gas exploration and production (E&Ps) companies from fields categorised as “difficult”. However, contrary to demands... 

Mineral Resources says bid for AWE takes into account gas reserve upside

By: Reuters     14th December 2017 Mineral Resources on Thursday said the size of its all-share bid for Australian gas producer AWE, worth A$477-million, took into account that its target may hold bigger gas reserves than currently estimated. AWE said last month that its Waitsia find, which it has called Australia's biggest... 

Duterte coal tax will make costly Philippines power even pricier

By: Bloomberg     14th December 2017 Electricity prices in the Philippines, already among the highest in Southeast Asia, will probably rise after President Rodrigo Duterte signs legislation next week boosting taxes on coal, the nation’s main fuel for power plants. Semirara Mining and Power, a power generator that’s also the... 

Mozambique President sacks energy and foreign ministers

By: Reuters     13th December 2017 Mozambican President Filipe Nyusi has sacked four ministers, including those with the foreign affairs and energy portfolios, his office said in a statement late on Tuesday. No reasons were given for the dismissal of Mineral Resources and Energy Minister Leticia da Silva Klemens, Foreign Affairs... 

Macron's climate summit draws pledges to make coal a risky bet

By: Bloomberg     13th December 2017 Some of the world’s biggest investors turned their backs on US President Donald Trump’s plan to revive the coal industry, pledging to divest from fossil fuels at a conference organised by French President Emmanuel Macron. The One Planet Summit in Paris was designed to galvanise support for the... 

Canada to create overseas mining watchdog early in 2018

By: Reuters     13th December 2017 Ottawa plans early next year to create an independent office to oversee Canadian mining, oil and gas companies' activities abroad, a government spokesman said on Tuesday, a move that environmental and human rights groups have long demanded. The office would have both an "advisory and robust... 

Unimin to buy shale sand supplier Fairmount in cash-and-stock deal

By: Reuters     13th December 2017 Fairmount Santrol Holdings said on Tuesday it would sell itself to Unimin in a cash-and-stock deal to create one of the largest suppliers of sand for use in hydraulic fracturing to shale oil and gas producers. The deal, which is expected to close by the middle of next year, will create a company... 

India’s GAIL earmarks $940m for pipeline expansion

By: Ajoy K Das     12th December 2017 Indian oil and gas infrastructure major GAIL India has announced a three-year capital investment of $940-million to add 2 500 km to its existing gas pipeline network across the country. On Monday, government owned GAIL announced that contracts had been awarded for construction of a 520 km... 

Survey Says: More Oil Producers Moving Toward a Risk-based Approach for Asset Life Extension

     12th December 2017 Producers have discovered that a risk-based inspection approach can cut costs if it’s implemented properly, says an OGIQ survey. Now, it’s a matter of increasing the adoption rate. By Anne-Marie Walters 

Lead project engineers appointed for Waterberg JV project

By: Creamer Media Reporter      11th December 2017 A technical committee appointed by Waterberg JV Resources, which holds the Waterberg platinum project, in South Africa, has appointed Stantec Consulting International and DRA Projects South Africa as lead independent project engineers. Stantec will focus on underground mining engineering and... 

SA Hippo Founder Celebrates 38 Years Of Innovative Manufacturing.

     11th December 2017   Hazleton Pumps International (Pty) Ltd previously known as Electro-Mech (Pty) Ltd was registered on 23 October 1979 with electrical and mechanical contracting being the main business activities of the company. Electro-Mech further expanded the business to include borehole drilling and the... 

WA EPA recommends BHP’s Southern Flank for approval

By: Mariaan Webb     11th December 2017 Western Australia’s Environmental Protection Authority (EPA) has recommended diversified major BHP’s proposal to expand its Mining Area C iron-ore operations for environmental approval. The Southern Flank operation, about 100 km from Newman, will expand the existing Mining Area C hub and is BHP’s... 

Mineral Resources trumps Chinese bid for Australian gas producer AWE

By: Reuters     11th December 2017 Australia's Mineral Resources has offered A$484-million for domestic gas producer AWE, topping a sweetened bid from State-owned China Energy Reserve and Chemicals Group (CERCG). The two suitors are targeting AWE's stake in a gas project in Western Australia, Waitsia, which the company has called... 

AWE shares rise on fresh offer from Chinese group

By: Mariaan Webb     8th December 2017 Shares in Australian oil and gas company AWE rose 10% on Friday after State-owned China Energy Reserve and Chemical Group made a fresh offer of $0.73 a share in cash. The offer is A$0.02 higher than the proposal two weeks ago, which the AWE board has brushed off as too low. 

15 MW gas plant for Gascoyne’s Dalgaranga gold project

By: Mariaan Webb     8th December 2017 Gold developer Gascoyne Resources has selected remote power generation specialist Zenith Energy to build, own and operate (BOO) a 15 MW gas-fired power station at the Dalgaranga gold project in Western Australia. The companies have executed a power purchase agreement (PPA), in terms of which... 

World's No 1 miner sees bigger role for carbon-capture systems

By: Bloomberg     7th December 2017 BHP Billiton, the world’s biggest mining company, said wider use of systems that trap carbon emissions will be needed to meet international climate goals, even as investments in the technology stall. “We have knowledge of geology, markets and economics, so there’s probably something we can bring... 

Suncor submits applications to replace coke-fired boilers with 2 cogeneration plants

By: Henry Lazenby     6th December 2017 Canadian fossil energy company Suncor has launched applications with the Canadian Environmental Assessment Agency (CEAA) to replace coke-fired boilers with two cogeneration units at its oil sands Base Plant, which will add 700 MW of oil sands cogeneration. The plants will serve two purposes:... 

South32 says Illawarra output to fall to 4.5Mt in FY18

By: Mariaan Webb     5th December 2017 Diversified miner South32 has given a production guidance for its Illawarra metallurgical coal operation, where the Appin colliery was suspended for about four months this year owing to concerns about a potential gas breach. The New South Wales-based Illawarra operation, which comprises the Appin... 

Trump to shrink Utah monuments holding artifacts, minerals

By: Bloomberg     5th December 2017 President Donald Trump said Monday that he’ll shrink two national monuments in Utah that contain stunning red-sandstone vistas, historic relics and energy resources, arguing his predecessor overstepped in protecting the land. Trump travelled to Salt Lake City for the announcement, and also met... 

Arrow and QCLNG announce major gas deal

By: Mariaan Webb     1st December 2017 Multinational oil and gas major Shell and its joint venture (JV) partner PetroChina have approved a major gas supply deal that will bring to market Arrow Energy’s significant gas reserves in the Surat basin of Queensland. The JV partners have approved a 27-year deal between Arrow and Queensland... 

The cobalt crunch for electric cars could be solved in suburbia

By: Bloomberg     1st December 2017 Almost 9 000 miles from the dusty Congo savanna, miners have hit on an entirely new source of cobalt – the rare mineral at the heart of the electric-car boom. And not only can they take coffee breaks, when they take a break, they can grab a doughnut at Tim Hortons. Scientists working for American... 

Renewables-heavy mix is South Africa’s cheapest option, yet another study confirms

By: Terence Creamer     1st December 2017 A new, independently produced techno-economic model of South Africa’s cost-optimal power generation mix in 2040 outlines a system where 69% of the electrical energy is produced from onshore wind and solar photovoltaic (PV) generators, supported by batteries and gas-fired generators. Conducted by... 

Newmont selects preferred bidder for power at remote Australian mine

By: Creamer Media Reporter      1st December 2017 Gold major Newmont Mining has awarded power generation specialist Zenith Energy preferred bidder status to build, own and operate a 62 MW power station for its Tanami gold mine, which is about 520 km north-west of Alice Springs in the remote Tanami desert of the Northern Territory. The power... 

South Africa must prepare for oil and gas supply gap

By: Robyn Wilkinson     1st December 2017 South Africa needs to bridge the growing supply and demand gap in its oil and gas sector, says global research and consultancy group Wood Mackenzie research associate Jon Lawrence. 

Policy certainty needed to drive oil and gas in South Africa

By: Robyn Wilkinson     1st December 2017 The large-scale production of oil and gas has the potential to stabilise South Africa’s economy, relieving unemployment and poverty challenges while driving growth across industries, but government must provide policy certainty and an assertion of future contract stability, says South African Oil... 

Oil and gas a key market for specialist steam trap

By: Robyn Wilkinson     1st December 2017 Cape Town-based steam system provider Delta Steam Systems (DSS) is gearing up for a large uptake of orders for its specialist steam traps, following the successful completion of several one- and two-year trial studies at oil and gas plants worldwide, including in South Africa, says DSS MD Bryan... 

South Zambezi delivers Engineering services: for Africa by Africans 

By: Tracy Hancock     1st December 2017 South Zambezi corporate director Sikanyisiwe Phiri and Makoko Makgonye discuss its role in developing Africa 

Illegal miners posing danger to residents – City of Joburg

By: Nadine James     1st December 2017 The ever-increasing trend of illegal miners using explosives near public infrastructure has seriously compromised the safety of residents and businesses, said City of Johannesburg communications specialist Virgil James. He explained that the City is concerned about the impending threat posed by... 

BROKEN HEARTED PEOPLE

By: Martin Creamer     1st December 2017 BHP Billiton has come under pressure from activist shareholders, including fund manager Elliot, which has demanded strategic changes to set the company on a more rewarding course. Other critical shareholders have denigrated the first three letters of the acronym for Broken Hill Proprietary, the... 

PTM shifts focus to Waterberg project, debts

By: Megan van Wyngaardt     30th November 2017 TSX-listed Platinum Group Metals (PTM) on Thursday said its main focus in the year ahead would be on advancing its large-scale, bulk minable Waterberg project, in South Africa, after agreeing to sell its position in the Maseve mine to Royal Bafokeng Platinum. The miner said it would also focus on... 

Idle power capacity rises in India as coal, natural gas shortages spread

By: Ajoy K Das     30th November 2017 India is facing a sharp rise in idle power generation capacity triggered by shortages of coal and natural gas feedstock. According to information collated from government data, as much as 11 500 MW of thermal power generation capacity across 36 power plants were lying idle for want of coal. 

A$4.8m for projects to boost innovation in resources sector

     30th November 2017 Eight projects that will boost cross-industry innovation, collaboration and sustainability in the resources sector will receive A$4.8-million in funding through the Australian government’s industry growth centres initiative, acting Industry, Innovation and Science Minister Michaelia Cash... 

AWE receives non-binding proposal from Chinese group

By: Natasha Odendaal     30th November 2017 ASX-listed AWE has received an unsolicited, non-binding, indicative and conditional buy-out proposal from the Australian subsidiary of State-owned China Energy Reserve and Chemical Group (CERCG). CERCG Australia offered to acquire 100% of AWE for $0.71 a share, subject to a number of conditions,... 

Australian industry prepares for possible summer power cuts

By: Reuters     30th November 2017 Some of Australia's biggest power users, including mining giant BHP, are taking steps to curb the impact of any repeat of crippling blackouts that hit last summer, worried about a grid that increasingly relies on wind power and old coal-fired plants. Their back-up strategies come despite... 

Mining players employing strategic moves 

     29th November 2017 South32 has okayed a R4.3-billion project at Klipspruit and is looking to set up its energy coal business as a standalone entity, while De Beers has placed its Voerspoed diamond mine on the market and BHP Billiton has committed to exiting its US onshore oil and gas. Mining Weekly editor Martin... 

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