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Ramaphosa embarks on Eskom overhaul

By: Reuters     12th July 2018 A month after Cyril Ramaphosa took the helm of South Africa's ruling African National Congress (ANC) in December, he called an urgent meeting with then-President Jacob Zuma and senior ministers to save state power firm Eskom. Ramaphosa understood sweeping changes were needed at the struggling... 

Green tech to drive industrial demand for silver

By: Nadine James     6th July 2018 The ongoing green technologies revolution, driven by the exponential growth of new energy vehicles (NEVs) and continued investment in solar photovoltaic (PV) energy, should boost global industrial demand for silver over the next decade, says non-profit industry organisation Silver Institute in a... 

Former coal lobbyist takes over EPA from embattled chief Pruitt

By: Bloomberg     6th July 2018 The new head of the EPA is a former Senate staffer who has worked behind the scenes to quash climate change legislation and promote coal. Andrew Wheeler, 53, now the Environmental Protection Agency’s No. 2 official, will take over Monday as acting administrator following the resignation of Scott... 

Spanish cattle farmers are worrying about nearby uranium mines

By: Bloomberg     3rd July 2018 Maria Jose Alamo, whose 120 cattle graze on land close to the only major new uranium mine being developed in the world, is worried. “I myself wouldn’t buy the meat of cattle raised close to such a mine,” said Alamo, 48, in an interview at a cafe in the hamlet of Banos de Retortillo, in Western... 

Feasibility study on Western Cape rare earths mine to be completed in 6 to 12 months

By: Anine Kilian     29th June 2018 The Steenkampskraal rare earths mine, owned by developer Steenkampskraal Holdings, in the Western Cape, is aiming to be a building block in a global rare earths supply chain independent of China. Manufacturers globally are expressing concern over China’s dominance of these strategic elements,... 

Feasibility study on Western Cape rare earths mine to be completed in 6 to 12 months

By: Anine Kilian     29th June 2018 The Steenkampskraal rare earths mine, owned by developer Steenkampskraal Holdings, in the Western Cape, is aiming to be a building block in a global rare earths supply chain independent of China. Manufacturers globally are expressing concern over China’s dominance of these strategic elements,... 

Brazilian uranium miner seeks help in going underground

By: Rebecca Campbell     29th June 2018 Brazilian media have reported that the State-owned uranium company, Indústrias Nucleares do Brasil (INB – Nuclear Industries of Brazil) has signed a Memorandum of Understanding (MoU) with a subsidiary of the Russian State-owned nuclear group Rosatom. The subsidiary is the U1 Group, better known... 

Trump trade war looms over Canadian town built to supply America

By: Bloomberg     28th June 2018 If ever a town embodied US-Canadian symbiosis, it’s Arvida, Quebec. Built by Americans, its giant smelter supplied most of the Allied forces’ aluminum in World War II and today makes metal used in Budweiser beer cans, Tesla and Ford cars and in AR15 rifles, part of the 2.5-million metric tons... 

Coal is being squeezed out of power by cheap renewables

By: Bloomberg     21st June 2018 Coal will be increasingly squeezed out of the power generation market over the next three decades as the cost of renewables plunges and technology improves the flexibility of grids globally. That’s the conclusion of a report by Bloomberg New Energy Finance, which estimated some $11.5-trillion of... 

Canada and Argentina sign energy and mining MoUs

By: Creamer Media Reporter      14th June 2018 Ministers from Canada and Argentina on Thursday signed three memoranda of understanding (MoUs), dealing with energy efficiency, mining policy and nuclear energy cooperation. The MoUs demonstrate that the two countries place a high priority on energy efficiency as a means to reduce energy use and... 

Trump's coal gambit may yield political points, not mining jobs

By: Bloomberg     14th June 2018 The Trump administration’s plan for reviving coal power plants is unlikely to resurrect mining jobs but may boost the president’s support among crucial Rust Belt voters before the midterm elections that will determine which party controls Congress. President Donald Trump has asked Energy... 

Congo's miners face harsh new reality as mining law finalised

By: Bloomberg     13th June 2018 The options for mining companies battling new legislation in the Democratic Republic of Congo -- Africa’s biggest copper producer and the source of two-thirds of the world’s cobalt -- have just about run out. After six months of lobbying, companies including Glencore and Randgold Resources have... 

Lesedi: The start of a new era

By: Creamer Media Reporter      7th June 2018 16 May 2018 Lesedi Nuclear Services Rebrand Launch   

Murray Energy swaps debt on heels of Trump plan to boost coal

By: Bloomberg     5th June 2018 Murray Energy Corp, the coal miner led by Robert E Murray, said some of its debt holders agreed to refinance a chunk of the company’s bonds and loans as the Trump administration makes a new push to buoy the struggling fossil fuel industry. The deal cuts debt and gives Murray Energy more time to... 

South Africa to release new-look renewables bid window in November

By: Terence Creamer     1st June 2018 Energy Minister Jeff Radebe announced on Friday that South Africa would launch a fifth Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) bid window in November with the aim of procuring a further 1 800 MW of renewable energy from independent power producers (IPPs).... 

Canada’s Nautilus aiming to start marine mining in 2019 despite enviro concerns

By: Dylan Slater     1st June 2018 Deep-sea mining is yet to become a major mining activity, and not much is known about undersea deposits of minerals. However, some role-players in the mining industry are claiming that the deep-sea floor could be host to an abundant and untapped resource of highly sought-after commodities, which... 

Canada’s Nautilus aiming to start marine mining in 2019 despite enviro concerns

By: Dylan Slater     1st June 2018 Deep-sea mining is yet to become a major mining activity, and not much is known about undersea deposits of minerals. However, some role-players in the mining industry are claiming that the deep-sea floor could be host to an abundant and untapped resource of highly sought-after commodities, which... 

Summer doldrums could see lower lows for gold as upside headwinds mount

By: Henry Lazenby     26th May 2018 Gold bug Mickey Fulp does not expect the gold price to break out this year, bar any substantial geopolitical event that upsets the state of the global economy. During a recent mining conference held in Vancouver, the ‘Mercenary Geologist’ told Mining Weekly Online that he expects gold to test new... 

Madaouela and Mutanga uranium projects ready for development

By: Donald Makhafola     25th May 2018 Canadian uranium company GoviEx Uranium’s two projects, the Madaouela project, in Niger, and the Mutanga project, in Zambia, are fully licensed, and the junior company is ready to start the development of these projects to improve supply to the world uranium market. “We have made several... 

Kazatomprom delivers uranium to Brazil

By: Creamer Media Reporter      23rd May 2018 The National Atomic Company of Kazakhstan (Kazatomprom) has expanded the sales geography in the world nuclear fuel market, with a contract to sell uranium to Brazil. Kazatomprom said on Wednesday that it had won the bid for the supply of natural uranium concentrates to State-owned nuclear fuel... 

Harmony poised to hit 1.5m oz target – CEO 

By: Martin Creamer     22nd May 2018 Gold mining company Harmony Gold is well on track to hit its target of 1.5-million ounces of gold a year. The two big steps needed to ensure this – the acquisition and recapitalisation of the Hidden Valley gold mine in Papua New Guinea (PNG), and the acquisition of the Moab Khotsong in South... 

US top court takes up challenge to Virginia uranium mining ban

By: Reuters     21st May 2018 The US Supreme Court on Monday agreed to decide whether states have the right to ban uranium mining for public health reasons in a dispute over a moratorium Virginia put in place on the radioactive metal in 1982. The court will hear a bid by a Virginia Energy Resources Inc subsidiary and other... 

Trump said to mull 2015 grid emergency law to save coal plants

By: Bloomberg     16th May 2018 The Trump administration is weighing a broad array of strategies for keeping coal and nuclear power plants online as a matter of national security, with options ranging from invoking a 68-year-old law to a three-year-old one, according to a senior Energy Department official. Members of the... 

Nuclear industry urged to address business case

By: Rebecca Campbell     16th May 2018 Decisions on the future energy mix for South Africa need to be forward looking, not backward looking. So affirmed EE Publishers MD Chris Yelland in his keynote address to the National Nuclear Regulator's second Nuclear Regulatory Information Conference on Wednesday. "Nuclear power in South Africa... 

Radebe sees energy contributing $25bn to South Africa’s $100bn investment target

By: Terence Creamer     16th May 2018 Energy Minister Jeff Radebe says one-quarter, or $25-billion, of South Africa's newly announced five-year investment target of $100-billion could be met through investments in new energy projects, including a possible new greenfield crude oil refinery and a gas pipeline linking South Africa to... 

Private firm takes on Codelco for control of Chile lithium deposit

By: Reuters     15th May 2018 A foreign-backed miner has sued Chile to block state-run Codelco from exploiting a lithium deposit where both have claims, according to a lawsuit filed in March that will be carefully watched by potential investors being courted by the country's new government. The little-known and remote... 

Eskom says it intends to play a bigger role in Africa

By: Kim Cloete     15th May 2018 Eskom interim CEO Phakamani Hadebe says the utility is keen to expand its services into other African countries.  “We have made a decision that our ambition is to play a bigger role on the continent,” he told the opening plenary of African Utility Week, in Cape Town, on Tuesday. 

Sanctions to have limited impact on Iran’s mining industry – BMI

By: Creamer Media Reporter      15th May 2018 The re-imposition of US sanctions on Iran will have only a limited impact on the country’s mining and metals industry in the short term and is expected to do “little additional damage to an industry already crippled by a myriad of domestic operational challenges”. This is according to BMI... 

Radebe links IRP certainty to Ramaphosa’s $100bn investment drive

By: Terence Creamer     10th May 2018 The long awaited update to South Africa’s Integrated Resource Plan (IRP) will be presented to Cabinet for its approval on August 15, Energy Minister Jeff Radebe confirmed on Thursday, adding that the document would provide much-needed certainty for investors in the electricity sector. The... 

US exit of Iran nuclear deal places new risks on $4bn India gas project

By: Ajoy K Das     10th May 2018 US President Donald Trump’s tearing up the multilateral nuclear deal with Iran has thrown a new spanner in works of India’s protracted plans to develop Farzad B offshore gasfields along the Persian Gulf coast. The consortium of Indian companies, led by national exploration and production (E&P)... 

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... 

Iran's gold demand set for spurt before Trump sanctions bite

By: Bloomberg     9th May 2018 Iran’s gold demand will probably be “strong” for the next few months and then gradually decline as US sanctions start to take effect, according to the researcher who covers the country for Metals Focus Ltd. After a previous set of sanctions was imposed on Iran in 2012, it took two years for the... 

Private firm takes on Codelco for control of Chile lithium deposit

By: Reuters     9th May 2018 A foreign-backed miner has sued Chile to block State-run Codelco from exploiting a lithium deposit where both have claims, according to a lawsuit filed in March that will be carefully watched by potential investors being courted by the country's new government. The little-known and remote... 

400% price hike prompts Energy Fuels to restart vanadium recovery at White Mesa

By: Henry Lazenby     9th May 2018 A 400% rise in vanadium pentoxide (V2O5) prices over the last 24 months has prompted US-based uranium producer Energy Fuels to resume vanadium recovery operations at its flagship White Mesa mill, in Utah, this year. The lithium-ion battery-making ingredient has reached new ten-year highs of more... 

Cameco swings into the black as it focuses on what it can control – Gitzel

By: Henry Lazenby     28th April 2018 Canadian uranium major Cameco is settling into a more relaxed pace of business as it rides out the uranium price doldrums, with two of its best assets languishing on care and maintenance. President and CEO Tim Gitzel noted on Friday that “unprecedented noise in the political economy” are yet to... 

India, Iran near a truncated deal on gasfield development

By: Ajoy K Das     26th April 2018 India and Iran are closing in on a deal for the development of the Farzad B gasfield, albeit of a much smaller size. Diplomatic negotiations between the two countries since early this year have narrowed down differences on the gas project and this will be followed up by a consortium of Indian... 

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... 

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