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South Africa crucial to global chrome supply, Chromium 2017 hears 

By: Martin Creamer     10th November 2017 South Africa is an irreplaceable supplier of chrome ore and ferrochrome, which is, in turn, an irreplaceable component of China-dominated stainless steel production, global delegates to last week’s well-attended Chromium 2017 conference heard. South Africa, as the dominant global chrome producer,... 

Zimbabwe invites investment in underground chrome mining 

By: Martin Creamer     8th November 2017 Zimbabwe on Wednesday invited investors to focus on underground chromium operations rather than cheaper strip mining operations, from which most of the country’s chromium ore is currently extracted. In a keynote opening address to the 33rd Chromium Conference, which is being held in South Africa,... 

In the country where coal is king, a battle with the EU looms

By: Bloomberg     6th November 2017 The buzzword in the Brussels energy and climate bubble is 450, a number that is dividing European Union lawmakers and making coal-dependent Poland fume over upcoming reforms to the world’s biggest carbon market. Negotiators representing the 28-nation bloc and its member states will meet on Nov. 8... 

Chad and Glencore to meet in Paris on Monday to discuss debt – govt sources

By: Reuters     6th November 2017 Chadian government officials will meet Glencore executives in Paris on Monday to discuss restructuring the country's debt, two senior Chadian government sources with knowledge of the matter told Reuters on Sunday. Chad has been trying renegotiate its hefty external commercial debt to Glencore,... 

Top 250 firms emit third of CO2; few have strong goals to cut-study

By: Reuters     31st October 2017 The world's 250 biggest listed companies account for a third of all man-made greenhouse-gas emissions yet few have strong goals to limit rising temperatures, a study showed on Tuesday. Coal India, Gazprom and Exxon Mobil topped the list when measuring carbon dioxide emitted by companies and by... 

Northam backs Fuel Cell and Hydrogen Energy Association’s awareness campaign

By: Natasha Odendaal     9th October 2017 Platinum miner Northam is supporting a campaign by US-based Fuel Cell and Hydrogen Energy Association (FCHEA) to raise awareness of clean energy technology. Globally, governments are being urged to support investment in technology to provide cleaner and more efficient sources of power in the... 

Canadian miners commit to new actions in combat against climate change

By: Henry Lazenby     3rd October 2017 The Mining Association of Canada (MAC) has adopted 13 actions under the six policy areas proposed last year by an internal advisory body, that will help its members better fight against climate change. The MAC said on Monday that it has incorporated recommendations levelled by the association’s... 

Merkel may have promised too much in carbon pollution fight

By: Bloomberg     28th September 2017 As German Chancellor Angela Merkel embarks on coalition talks to bed down her fourth term in office, a promise made shortly before her re-election may come back to haunt her. At least that’s the view of nine analysts and researchers from Berlin to London who all say her target of reducing carbon... 

Fuel cell opportunity to save platinum mining

By: Simone Liedtke     22nd September 2017 With platinum being one of the most effective and durable catalysts in proton exchange membrane fuel cell technology (PEMFC), fuel cell and electrolyser technology developer Isondo Precious Metals (IPM) CEO Vinay Somera believes that this presents an opportunity for the South African platinum... 

Bullish outlook for Canadian crude, natural gas provides investment opportunities

By: Henry Lazenby     15th September 2017 Two reports issued this week point to a significantly increased global appetite for fossil fuels like oil and gas, presenting an investment opportunity for energy speculators. While renewables are forecast to be the fastest-growing energy source, fossil fuels will continue to be important and... 

South African professor wins sampling award

     8th September 2017 University of the Witwatersrand (Wits) School of Mining Engineering mineral resources and reserves joint commission international Professor Dick Minnit received the Pierre Maurice Gy Sampling Gold Medal at the eighth World Conference on Sampling and Blending 2017, in Perth, Australia.  

Despite high upfront costs, technology investments yield long-term savings – BMI

By: Mia Breytenbach     1st September 2017 With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according... 

Despite high upfront costs, technology investments reap long-term savings – BMI

By: Mia Breytenbach     24th August 2017 With metals and mining companies increasingly investing in technology that will help reduce their carbon footprints, owing to the global drive to lower carbon emissions, meaningful efforts to improve environmental standards in the extractive industries require significant upfront costs, according... 

Coal miner Murray's bonds plunge after Trump administration snub

By: Bloomberg     24th August 2017 Bonds of Murray Energy, the biggest privately owned US coal producer, fell the most in 15 months after the White House denied the company’s request to aid one of its power-plant customers, an action it said would help both companies avoid bankruptcy. The miner’s $1.1 billion of 11.25% bonds due... 

Cash-flush Randgold in massive Côte d’Ivoire gold discovery

By: Martin Creamer     3rd August 2017 The exploration team of Randgold Resources, which on Thursday reported a 53% leap in half-year profits, plus cash on hand of $572.8-million even after the $94-million dividend payout, has defined a large target in Côte d’Ivoire, which is considered to be “potentially the most exciting gold... 

Glencore asks Australia to focus on economy before climate deal

By: Bloomberg     2nd August 2017 Australia may need to consider delaying its goals to combat global climate change in order to prioritise energy security and economic prosperity, according to a senior executive at Glencore. The country’s emerging energy crisis, in conjunction with government-imposed clean-energy targets, has... 

Positive signals herald increased US reliance on nuclear as part of renewables mix

By: Henry Lazenby     28th July 2017 Changing global macroeconomic trends are increasingly making more space for nuclear power to support renewable energy roll-outs, boding well for the uranium market, which has been dealing with unsustainably low prices for nearly a decade, according to former US secretary of energy and current... 

Muted growth forecast for Europe’s mining industry

By: Creamer Media Reporter      13th July 2017 Mining and metals companies operating in Europe are set to remain in recovery mode, as a sluggish recovery in mineral prices keep investment activity subdued, while environmental regulations will pose headwinds for coal-producing countries. BMI Research said on Thursday that mineral prices were... 

Oil traders turn bespoke crude tailors in offshore megastore

By: Bloomberg     12th July 2017 The biggest oil traders feeling the squeeze in a world awash with crude are seeking an edge by offering tailor-made cargoes in an offshore megastore. By selling bespoke from a fleet of ships anchored off Singapore and Malaysia, the likes of Vitol Group, Trafigura Group, Glencore and Gunvor Group... 

Platinum for new fuel cell Mercedes cut to autocat level  

By: Martin Creamer     12th July 2017 German car manufacturer Daimler has cut the platinum loading of its new fuel cell Mercedes to catalytic converter level. “We reduced the amount of platinum by 90%, which provides a significant cost reduction. Our fuel cell is not much above the platinum loading of a catalytic converter on a... 

Advisory body critical of India’s coal production target 

By: Ajoy K Das     5th July 2017 With Indian electricity demand recording growth of only 5%, domestic coal production cannot be target driven, the government’s policymaking advisory body says. The National Institute for Transformation of India (NITI) Aayog cautions that the country’s power sector may not require the volumes of... 

India pushes coal miners, power producers to roll out renewable energy projects

By: Ajoy K Das     30th June 2017 Overlooking apparent contradictions, India is pushing government-owned mining companies, including coal, thermal power producers and mineral processors to commit to more renewable energy projects. “It is a little bit of a contradiction, but I have to keep the coal industry going while ensuring... 

Greenhouse tightening as govt imposes Paris agreement – Exxaro

By: Martin Creamer     26th June 2017 The legislative changes around emission of greenhouse gases is becoming more onerous as the South African government implements the Paris Agreement, diversified black-owned resources group Exxaro said on Monday, when the coal-mining major announced that “good progress” had been made finalising... 

Poland thermal coal output to bounce back but EU emissions cap poses a risk

By: Mariaan Webb     23rd June 2017 Poland’s thermal coal sector is set for several years of growth, supported by a commitment to expand coal-fired power generation capacity. However, the outlook for coking coal is less rosy, owing to waning demand from the steel industry. BMI Research states in a research note that thermal coal,... 

Botswana diamond industry goes ex-growth, diamond exploration funds not forthcoming, Botswana determined to be investor friendly

By: Martin Creamer     23rd June 2017 With Botswana's diamond secor going ex-growth, a storng call has been made for the country to consider adopting Canada's flow-through tax incentive as a way of boosting investment in diamond exploration in Botswana, where the new Mineral Resources Minister is determined to make the country's... 

Cliffs picks Toledo site for first hot briquetted iron plant

By: Henry Lazenby     16th June 2017 US iron-ore producer Cliffs Natural Resources has chosen Toledo, Ohio as the site to develop its first hot briquetted iron (HBI) production plant – a $700-million expansion to Cliffs’ production capabilities targeting the electric arc furnace steel market. Cliffs advised that it is currently in... 

Glencore doubles down on coal as mining rivals head for the exit

By: Bloomberg     12th June 2017 Glencore is doubling down on coal, even as rivals BHP Billiton and Rio Tinto Group move away from the world’s dirtiest fossil fuel. The company, run by former coal trader Ivan Glasenberg, made a surprise eleventh-hour $3.5-billion bid for a huge patch of thermal coal-rich ground on Australia’s... 

Renewable energy eclipsing coal – Fieldstone 

By: Martin Creamer     12th June 2017 Renewable energy is very rapidly ousting coal, which could present a blow to Botswana, which has been pinning its hopes on coal replacing the static diamond industry as its new platform for economic growth. “Renewable energy is just about the only thing being invested in,” Fieldstone Africa MD... 

Billionaire Steinmetz recovers from setback in Simandou battle

By: Bloomberg     2nd June 2017 Israeli billionaire Beny Steinmetz recovered from a setback in a long-running legal battle over an iron-ore project in Guinea, when one of his employees defied the advice of lawyers and gave hours of testimony to a Paris arbitration court denying allegations of bribery. Asher Avidan was the top... 

US decision to withdraw from climate change agreement problematic

By: African News Agency      2nd June 2017 The office of the United Nations Secretary-General says the decision by the United States to withdraw from the Paris Agreement on climate change is a major disappointment for global efforts to reduce greenhouse gas emissions and to promote global security. “The Paris Agreement was adopted by all... 

Steinmetz said to skip $1.2bn Vale hearing, risking loss

By: Bloomberg     19th May 2017 Billionaire Beny Steinmetz’s mining company may be asked to pay as much as $1.2-billion to former partner Vale after choosing not to attend an arbitration hearing in London in a dispute over one of the world’s richest mineral assets, two people with knowledge of the case said. The decision by... 

Och-Ziff fixer's business had corruption at `core', US says

By: Bloomberg     3rd May 2017 A Gabonese man who admitted earning $7-million while helping a unit of Och-Ziff Capital Management Group secure mining rights in Africa deserves at least five years behind bars, prosecutors said. Samuel Mebiame, the son of the former Prime Minister of Gabon, bribed government officials in Africa... 

Collaboration key to build pipeline of opportunities on global scale

     28th April 2017 Québec-based carbon-capture technology developer CO2 Solutions president and CEO Evan Price expects its collaboration with global consulting and engineering firm Hatch to be central to the success of its Valorisation Carbone Québec (VCQ) project and instrumental in building the company’s... 

Oil discoveries and new projects fall to historic low in 2016 – report

By: Henry Lazenby     27th April 2017 New analysis by the International Energy Agency (IEA) has found that worldwide oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, trends that could continue this year. The... 

Oil and mining giants detail road map to reduce carbon by half

By: Bloomberg     25th April 2017 A group of companies and nonprofit agencies that includes energy giants Royal Dutch Shell and BHP Billiton said global greenhouse gas emissions could be cut in half by 2040 without impeding economic development, in part by converting grids to use mostly renewable power. The declining costs of... 

Gold and bullion miners tumble as French vote cuts haven demand

By: Bloomberg     24th April 2017 Gold dropped to a two-week low and bullion mining stocks sank the most in more than a year as investors favoured riskier assets on expectation that Emmanuel Macron will become France’s next president. The metal slipped as much as 1.5% and South African gold miners plunged as much as 8.7% after... 

Law firm aides two major Guinea projects

     14th April 2017 Global law firm Norton Rose Fulbright’s teams in London, New York, Paris, Singapore and Washington have successfully advised on two mining projects in Guinea. The team assisted bauxite producer Compagnie des Bauxites de Guinée (CBG) in reaching financial close for the financing of its Sangaredi... 

Big boost for platinum as world's mayors tackle urban air pollution 

By: Martin Creamer     30th March 2017 The plans of the mayors of the world’s biggest cities to tackle urban air pollution head-on are a major plus for platinum, which catalyses the exhaust systems of vehicles and is the key metal in the emergence of emission-destroying fuel cells. The clean-air programme is being spearheaded by C40... 

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