http://www.miningweekly.com
R/€ = 15.65 Change: 0.00
R/$ = 13.43 Change: 0.00
Au 1269.43 $/oz Change: 1.33
Pt 878.00 $/oz Change: 13.83
 

Topic

New draft Mining Charter better than ‘disaster’ it is replacing – Mohale

By: Nadine James     22nd June 2018 The latest draft of the third Mining Charter is not perfect, but it is better than the “disaster” it is replacing, Business Leadership South Africa CEO Bonang Mohale told attendees at the African Mining Network event on Thursday evening. He explained that the previous draft, which was... 

New draft Mining Charter sets new potentially controversial targets for BEE ownership - but past deals recognised and stability clauses proposed

20th June 2018 “Following the recently launched draft Mining Charter, a stability clause has also been proposed and this is exactly what our country needs right now, to allay investor fears and encourage much-needed investment in a struggling sector,” says Bert Lopes, Natural Resources Head at audit firm, BDO.... 

Senex and Jemena strike deal to fast-track project for east coast gas supply

By: Esmarie Swanepoel     18th June 2018 ASX-listed Senex Energy has struck an agreement with infrastructure operator Jemena to partner on the accelerated development of Project Atlas, in Queensland, to deliver first gas to the domestic market by late 2019. Under the agreement, Jemena will build, own and operate a gas processing... 

South African pumps range proves popular as US industry ramps up

By: Erin Steenhoff-Snethlage     15th June 2018 Centurion-based, family-owned pump solutions company Hazleton Pumps’ Hippo flameproof submersible pump range received increased interest, particularly from US coal mines, at the Canadian Institute of Mining, Metallurgy, and Petroleum (CIM) Convention in Vancouver, Canada, last month. “There were... 

Coal royalties give Queensland Budget surplus a boost

By: Esmarie Swanepoel     12th June 2018 A record contribution from coal royalties has assisted the Queensland government in delivering a surplus of A$1.5-billion for the 2017/18 financial year – three times more than what was predicted in the mid-year fiscal and economic review forecast in December. “The Queensland economy continues... 

India moots allocating coal blocks to oil companies for methanol production

By: Ajoy K Das     11th June 2018 he Indian government has mooted a proposal to allocate coal blocks to national oil refining-marketing companies to produce methanol and to reduce dependency on imported crude oil-based diesel consumption. The work-in-progress proposal under the Road Transport Ministry will be submitted to the... 

Diamond industry longevity on the line

By: Paige Müller     8th June 2018 The implementation of enabling mining policies by government is key in safeguarding the South African diamond industry from further decline and a worrying contraction, says Global Diamond Network consultant and industry heavyweight Dr John Bristow. Bristow states that the local diamond mining... 

Resources, oil & gas sectors drive Australian GDP growth in Q1

By: Esmarie Swanepoel     7th June 2018 The resources and oil and gas sectors have continued to drive the Australian economy during the March quarter, with the Australian Bureau of Statistics (ABS) revealing that the sectors were the main drivers to a 1% increase in Australia’s gross domestic product (GDP) during the period. The... 

Rwanda says mineral export earnings rose to $373m last year

By: Reuters     5th June 2018 Earnings from Rwanda's mineral exports more than doubled to $373-million last year from the previous 12 months, supported by a rebound in global prices of commodities, a top official said. After meeting sector players in the capital Kigali on Tuesday, Francis Gatare, chief executive at Rwanda... 

Trump metal tariffs send corporate Canada reeling in disbelief

By: Bloomberg     2nd June 2018 To get a sense of the disbelief gripping Canadian manufacturers since the U.S. imposed metal import tariffs, have a chat with Marc Dutil. “I just want to scream,” the CEO of structural-steel maker Canam Group said Friday by phone. “All this is doing is creating uncertainty. It’s the last thing... 

Oil and gas industry contributing greatly to economy - Appea

By: Esmarie Swanepoel     1st June 2018 Australia’s oil and gas industry contributed some A$27-billion to the country’s economy in 2016/17, new data from the Australian Petroleum Production & Exploration Association (Appea) reported this week. “The economic footprint of the oil and gas industry goes far beyond its production wells and... 

Sentiment dampens as Charter, MPRDA deadline commitments are postponed

By: Nadine James     1st June 2018 The positive sentiment stemming from the appointment of President Cyril Ramaphosa, and the subsequent appointment of Mineral Resources Minister Gwede Mantashe has dampened recently as Mantashe pushed out the finalisation of the Mining Charter and lodged an application for leave to appeal against... 

Ottawa buys Kinder Morgan pipeline, expansion project for C$4.5bn

By: Henry Lazenby     29th May 2018 Ottawa announced on Tuesday that it has reached agreement with pipeline builder and operator Kinder Morgan to buy the existing Trans Mountain pipeline and associated controversial expansion project for C$4.5-billion, in the clearest-yet government signal that the oil expansion project is of... 

Tullow Oil picks Australia's Worley Parsons for Kenya contract

By: Reuters     29th May 2018 Tullow Oil has awarded an engineering design contract for oil production in its northern Kenyan blocs to Australia's Worley Parsons, a Kenyan petroleum ministry official told Reuters on Tuesday. Kenya this month moved a step closer to full production at the blocs when the local government and the... 

GAIL India seeks to maintain its gas pipeline business

By: Ajoy K Das     29th May 2018 Indian government-owned natural gas importer and infrastructure provider GAIL India has agreed, in principle, to unbundle its gas marketing and pipeline operational business, but only after a domestic gas trading hub has been established and a trading market has developed to an optimal level.... 

Kinder Morgan cleans up Trans Mountain spill as high noon looms

By: Henry Lazenby     29th May 2018 Canadian pipeline operator Kinder Morgan reported on Sunday that it is clearing medium crude blend from the Darfield pump station along the existing Trans Mountain pipeline, near Barriere, British Columbia, after oil spilled early on Sunday morning. Trans Mountain, owned by Kinder Morgan, said in... 

Guinea retains mining minister in Cabinet reshuffle

By: Bloomberg     28th May 2018 Guinea’s President Alpha Conde appointed a new 33-member Cabinet in which Abdoulaye Magassouba was retained as mines and geology minister, according to a decree read on the West African country’s state-owned broadcaster on Saturday. Mamady Camara, who was Guinea’s ambassador to South Africa, was... 

Botswana mining conference yielding opportunities

By: Melissa Zisengwe     25th May 2018 Mining and engineering company Pan African Minerals says it attended the 2018 Mining Investment Botswana Conference, which was held in Gaborone from April 10 to 11, to create partnerships, networks and take advantage of the business matching prospects. The company’s attendance has already yielded... 

Body calls for steering committee to ‘delve into’ alluvial diamond sector’s 15-year decline

By: Natasha Odendaal     25th May 2018 The only way to solve the rapid downward spiral of South Africa’s distressed alluvial diamond industry is to convene all stakeholders to brainstorm collaborative solutions to the challenges. The South African Diamond Producers Organisation (Sadpo), raising a red flag over the struggles of small... 

Western Australia to formulate lithium and energy materials strategy

By: Esmarie Swanepoel     24th May 2018 The Western Australian government has announced the formation of a taskforce to capitalise on the region’s lithium and energy material potential. The taskforce will oversee development of a Lithium and Energy Materials Strategy to build on Western Australia's competitive advantages, and to... 

Mantashe vows to finalise mining charter in June

By: African News Agency      24th May 2018 South African minister of mineral resources Gwede Mantashe said on Thursday his department plans to finalise the revamped mining charter, the government's regulation tool for transformation, by the end of next month. "We aim to finalise and gazette the mining charter in June, having taken onboard... 

Oil pipeline plot thickens as British Columbia files Alberta suit over ‘tariff-like’ Act

By: Henry Lazenby     23rd May 2018 A significant disruption in the supply of gasoline, diesel and crude oil from Alberta to British Columbia would cause British Columbia “irreparable harm” and could “injure human health and safety in remote communities”, the provincial government argued in a statement of claim filed in Alberta's... 

WA signs co-op agreement with Argentina

By: Esmarie Swanepoel     18th May 2018 The Western Australian government has signed an agreement with the government of Argentina to build a stronger mining and resource relationship between the two regions. Mines and Petroleum Minister Bill Johnston said the Memorandum of Understanding (MoU) will help develop a mutually rewarding... 

Eritrea 'poison pill' complicates miner Lundin's aspirations – sources

By: Reuters     18th May 2018 The weak human rights record of one of Africa's poorest countries is coming between Lundin Mining Corp and its pursuit of a prized European copper and gold asset. Cash-rich Lundin's latest run at fellow Canadian miner Nevsun Resources is designed to bag the Timok project in Serbia, but it had to... 

Revival of Zambia mining industry demands fuel industry overhaul

18th May 2018 While the mining industry in Zambia is currently looking healthy – owing in part to the surge in demand for cobalt to produce lithium-ion batteries – it is crucial that the country’s fuel industry keeps pace with the upswing in industrial output and changing market demands, says independent... 

Communities oppose West Wits gold project

By: Nadine James     18th May 2018 ASX-listed exploration and development company West Wits Mining’s South African subsidiary West Wits Mining MLI (West Wits MLI) is facing resistance from some of the affected communities surrounding the West Wits Mining Project (WWMP), located west of the Johannesburg Central Business District... 

India reverses decision to privatise small, ageing oil and gas fields

By: Ajoy K Das     17th May 2018 Reversing its earlier decision to privatise small, ageing or underperforming oil and gas fields held by national exploration and production (E&P) companies, the Indian government has now directed companies to submit time-bound action plans to boost production from these assets. Earlier this year,... 

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... 

Short spell of mining hope dashed – Lorimer

By: Martin Creamer     16th May 2018 The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... 

BHP outlines plan to add 40% to its value

By: Esmarie Swanepoel     16th May 2018 Mining major BHP is aiming for a 40% increase in its base value by implementing six key strategies, CEO Andrew Mackenzie told delegates at the Bank of America Merrill Lynch Global Metals, Mining and Steel conference, in Florida, this week. The strategies included reducing unit costs by more than... 

Norway postpones decision on carbon capture plant, drops Yara

By: Reuters     15th May 2018 Norway postponed a final decision on whether to go ahead with a project to develop Europe's first industrial carbon capture and offshore storage (CCS) project, after dropping one of its participants, Yara International . The government said on Tuesday that fertiliser maker Yara's site, one of... 

Mantashe prioritises policy, laments ‘inadequate’ budget allocation

By: Marleny Arnoldi     15th May 2018 The Department of Mineral Resources (DMR) will make policy and legislation one of its key priorities this year and has committed to finalising the Mining Charter in June, Minister Gwede Mantashe said on Tuesday. Mantashe, who tabled the DMR’s Budget Vote in Parliament, listed the department’s... 

Interconnected Carnarvon basin will get more LNG to market – Chevron

By: Esmarie Swanepoel     15th May 2018 US oil and gas major Chevron has called for greater cooperation between industry players and the government to unlock future value in the Carnarvon basin, offshore Western Australia. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference, in Adelaide,... 

Australia East Coast gas prices seen rising as cheap gas supply dwindles

By: Esmarie Swanepoel     15th May 2018 Australia’s East Coast gas prices are forecast to rise up to 30% to between A$10/GJ and A$13/GJ by the mid-2020s, as cheap gas supply continues to decline, advisory firm Wood Mackenzie has reported. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference,... 

Platinum surplus to widen; fuel cells seen as key driver for future demand

By: Marleny Arnoldi     14th May 2018 The platinum market will move further into oversupply this year, as production from South Africa remains flat and demand is forecast to contract by 2.5%, the latest Johnson Matthey platinum group metals (PGM) market report states.  

Rey buys Lennard Shelf, looks for partners

By: Esmarie Swanepoel     14th May 2018 ASX-listed junior Rey Resources has signed an agreement with fellow-listed Key Petroleum and Indigo Oil to acquire the Lennard Shelf blocks, in Western Australia. Lennard Shelf constitutes one exploration permit, one retention lease and one production licence covering some 1 145 km2 of land... 

LNG exports put Australia oil and gas in trade surplus

By: Esmarie Swanepoel     14th May 2018 The Australian oil and gas industry recorded a trade surplus for the first time in 13 years in 2016/17, new data from the Australian Petroleum Production and Exploration Association (Appea) has shown. Appea on Monday reported that owing to a 35% increase in the value of liquefied natural gas... 

To succeed as a ‘sunrise industry’, SA mining must widen ownership, meet other challenges

11th May 2018 The following has been adapted from a chapter Towards Mining Vision 2030, by Joel Netshitenzhe, ANC NEC member and executive director of the Mapungubwe Institute for Strategic Reflection (Mistra) in a book on The Political Economy of Mining in South Africa, to be published in 2018 by Mistra. 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close