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Topic

Coal dwarfs battery metals in mining deals despite war on pollution

By: Reuters     8th January 2018 Coal and iron-ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future. While the biggest deal was in Brazil, China was a top player despite planning to reduce domestic coal... 

SP Angel outlines key 2018 trends as battery raw materials heat up

By: Creamer Media Reporter      21st December 2017 London-based brokerage SP Angel has outlined the key trends that characterised the basket of energy metals during 2017 and the the outlook for 2018 in its new ‘Battery Raw Material Review, Outlook – SP Angel Commodity Research Book’ published on Wednesday. The report pointed out that the... 

BHP says likely to quit global coal lobby group

By: Reuters     19th December 2017 Global miner BHP Billiton said on Tuesday it has taken a preliminary decision to quit the World Coal Association citing disagreement over climate change, and might also withdraw from the US Chamber of Commerce over mining industry rules. BHP, which has largely quit mining coal for power plants... 

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

By: Schalk Burger     15th December 2017 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... 

France-based miner AMR starts bauxite production in Guinea

By: Reuters     13th December 2017 Paris-based miner AMR began production at its Guinean bauxite mine on Tuesday, aiming to produce between 6 million and 10 million tonnes a year of the aluminium ore, the company said. Alliance Miniere Responsable (AMR) was founded by two French businessmen, and major shareholders include former... 

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... 

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... 

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... 

Cobalt’s dramatic demand bump gives rise to novel investment vehicle

By: Henry Lazenby     1st December 2017 Cobalt supply constraints, coupled with a never-before-seen boom in the adoption rate of electric vehicles (EV) across the globe, have conspired to create an ideal market in which a pure-play cobalt investment and participation vehicle's profits can outpace its peers. Cobalt, a critical ‘energy... 

Glencore, Chad are said to deadlock on $1bn debt deal

By: Bloomberg     29th November 2017 Talks between Chad, Glencore and a group of banks to restructure more than $1-billion in debt have stalled after the African nation rejected the commodities trader’s latest proposal to delay repayment of an oil-for-cash loan, according to people familiar with the negotiations. The negotiations... 

GoviEx receives top honours at Africa investment showcase

By: Megan van Wyngaardt     28th November 2017 TSX-V-listed GoviEx Uranium was given the gold award for best mining project at the recent Africa Investment Forum and Awards (AIFA) in Paris, France. The AIFA is an event dedicated to African business opportunities in fields such as mining, energy, infrastructure and real estate. A rigorous... 

Dispute at Congo cobalt mine heads to court, halts metal supply

By: Bloomberg     27th November 2017 An attempt by Congo’s Gecamines to profit from the boom in battery metals has backfired, leaving the state-owned miner facing two international court actions and halting cobalt production at a key mine. Gecamines blocked its 16-year partner GTL’s access to the cobalt site in the southeastern... 

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... 

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... 

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