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Norway budget throws carbon capture plant plans into doubt

By: Reuters     10th November 2017 The Norwegian government's plan to slash funding for its carbon capture and storage (CCS) technology unit Gassnova has thrown the plans for building Europe's first industrial CCS plant into turmoil, Gassnova and industry executives said. Through Gassnova, Norway initiated a project in which... 

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... 

Ethiopia mulls new potash partner as failed deal is arbitrated

By: Bloomberg     14th September 2017 Ethiopia is considering finding a new partner to develop a potash mine abandoned last year by Israel Chemicals, which has sought compensation at an arbitration court after accusing the government of failing to support the project. Several companies are interested in developing potash deposits in... 

Norsk Hydro rides aluminium price, divisions underperform

By: Reuters     25th July 2017 Overall profit growth at Norsk Hydro was overshadowed on Tuesday by below-forecast performances from several businesses including rolled products, knocking the aluminium producer's shares. Norsk Hydro's stock was down 3.04% at 12:01 GMT, lagging an Oslo benchmark index, and CEO Svein Richard... 

Coal traders see end of price rally as China ramps up output

By: Bloomberg     22nd December 2016 Coal’s recovery was one of the biggest surprises in commodities this year, but it is all poised to end as output rises from China, producer of half the world’s supply. After half a decade of declines, European prices rebounded more than 80% as China, also the world’s biggest consumer of the... 

Producer has positive platinum outlook

By: Simon Sonnekus     19th August 2016 Platinum-group metals (PGMs) remain a positive investment, as there is improved sentiment in the platinum market, and platinum exchange-traded fund (ETF) prices remained stable in the first half of 2016, states PGMs mining company Anglo American Platinum (Amplats). The company held its interim... 

Australia-owned iron-ore mine in Norway files for bankruptcy

By: Reuters     18th November 2015 The Norwegian mining subsidiary of Australia's Northern Iron will file for bankruptcy on Wednesday as its $100-million debt has become unsustainable, Northern Iron told a new conference on Wednesday. Attempts to find new investors for the Sydvaranger Gruve AS mining firm, which has close to 400... 

African geoscience promoted through field trips in 2016

By: Pimani Baloyi     29th November 2013 The upcoming thirty-fifth International Geological Congress’s (IGC’s) local organising committee (LOC) has planned various field trips throughout South Africa and Africa as part of the seven-day conference, which will take place from August 27 to September 4, 2016, at the Cape Town International... 

SA delegates to attend explosion-prevention meeting in Denmark

By: Zandile Mavuso     5th October 2012 The South African Flameproofing Association (Safa) sent three delegates to attend the International Electrotechnical Commission’s (IEC) annual general meeting (AGM) this month, as new international explosion-prevention standards are being promulgated. 

Mexico gold output seen topping 100 t/y by ’17 on hefty new discoveries

By: Henry Lazenby     11th May 2012 Better known as the world’s biggest silver producer, Mexico may soon deliver the next ‘mega’ gold deposits, with explorers Newstrike Capital and Westridge Resources reporting significant resources at their targets. The North American state is currently the tenth-largest gold-producing country... 

Northland raises $40m inflation buffer for Swedish project

By: Matthew Hill     3rd May 2012 Northland Resources, building an iron-ore mine in Sweden, said on Thursday it signed a $40-million cost over-run loan with South Africa’s Standard Bank. The TSX- and Oslo-listed company aims to start producing the steelmaking ingredient at its Kaunisvaara project in the north of the country at... 

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