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Topic

Hurting for buyers, US coal miners are learning to love India

By: Bloomberg     12th July 2018 The big bright spot for US coal miners is located halfway around the world. India almost tripled its imports of the rock from America in the first quarter from a year earlier, helping fuel its fast-growing economy and making it the largest foreign buyer of US coal, according to the US Energy... 

Occupational disease prevention campaign launched

By: Schalk Burger     6th July 2018 Workplace health and safety compensation funds Rand Mutual Assurance (RMA), Federated Employer’s Mutual Assurance Company and the Department of Labour Compensation Fund, as well as the Department of Mineral Resources, on Thursday launched the Occupational Disease Prevention Campaign, in... 

Nickel market deficit increases, but surplus expected by 2020 – BMI

By: Marleny Arnoldi     26th June 2018 BMI Research anticipates the global refined nickel market to remain in a slight deficit this year, as global production remains subdued.  

South Korea lobbies India to relax gold import restrictions

By: Ajoy K Das     19th June 2018 The review and upgrade of the free trade agreement (FTA) between India and South Korea is facing a speed bump, with the latter seeking a relaxation of gold import restrictions. The South Korean government wants restrictions on gold shipments into India, imposed last year, to be scrapped,... 

Bluebird, Southern Gold JV signed for South Korea gold mine

By: Marleny Arnoldi     13th June 2018 Asia-focused resource development group Bluebird Merchant Ventures on Tuesday signed a formal 50/50 joint venture (JV) agreement with ASX-listed Southern Gold for the Kochang gold and silver project, in South Korea.  

The 25th Jubilee World Mining Congress 2018 Will Be Held In Kazakhstan

5th June 2018 On June 19th-21st, 2018, the city of Astana will be hosting the 25th Jubilee World Mining Congress. Kazakhstan will be the first country among the CIS states to hold an event of such significant international importance. The World Mining Congress is the largest and most appreciable gathering of... 

Peru's Minsur lines up financing to start work on Mina Justa this year

By: Reuters     30th May 2018 Peruvian miner Minsur expects to secure $800-million to $900-million in financing from a group of banks in August that will put it on track to start building its $1.6-billion Mina Justa copper project toward the end of the year, the company said on Wednesday. The banks - from Germany, Canada,... 

'CLEAN' COAL?:

By: Martin Creamer     25th May 2018 Water pours from an excavator bucket as coal is extracted from below the water's surface at an opencast mine in India. Taken four years ago, this picture of drenched coal arising out of a water-filled pit is indicative of the potential environmental mixing and matching that can occur with mining.... 

PNG LNG delivering economic promises - Oil Search

By: Esmarie Swanepoel     14th May 2018 ASX-listed Oil Search has maintained that the Papua New Guinea liquefied natural gas (PNG LNG) project has been beneficial to the region, despite reports suggesting otherwise. Social justice advocates Jubilee Australia has claimed that the PNG LNG project has caused increased violence in PNG as... 

South Africa views itself as ‘collateral damage’ in global trade war

By: Terence Creamer     2nd May 2018 Department of Trade and Industry (DTI) believes South Africa has become “collateral damage in the trade war of key global economies” after the country was excluded from a list of countries exempted from tariffs imposed by the US on steel and aluminium imports. While insisting that the country... 

Here's how the EU will punch back against Trump trade tariffs

By: Bloomberg     30th April 2018 President Donald Trump will decide by midnight Monday if the US will slap permanent aluminum and steel tariffs on the European Union, inflaming trans-Atlantic tensions and raising the chances of a global trade conflict. Washington imposed a 25% tariff on steel and 10% on aluminum products on... 

On-The-Air (27/04/2018) 

By: Martin Creamer     27th April 2018 The imminent opening in Johannesburg of the exciting new Mandela Mining Precinct is a major boost for badly needed research and development. This month’s rapid-fire announcements of the widespread new use of fuel cells globally is great news for South Africa’s struggling platinum mining... 

Fuel cell frenzy as cars, plants deploy platinum to protect environment

By: Martin Creamer     26th April 2018 Hyundai has just launched its new Nexo fuel cell car in South Korea, pre-orders for which exceeded expectations, Honda last month launched the new 2018 Clarity fuel cell car, Doosan Fuel Cell America has cut the ribbon on three 460 kW fuel cells at the Waterbury Pollution Control Authority in... 

Bluebird reports ongoing progress at South Korea mines

By: Anine Kilian     16th April 2018 Asia-focused Bluebird Merchants has commissioned a water-treatment plant at the Gubong mine, in South Korea. The plant will ensure that water being released from the mine, which Bluebird plans to reopen, meets acceptable standards. 

LG Chem cobalt deal sets tone for battery cathode market

By: Henry Lazenby     12th April 2018 A new deal by Korean battery manufacturer LG Chem and China’s Huayou Cobalt is expected to set the tone for the lithium-ion battery cathode market. The two partners have announced a significant deal worth about $440-million to build a 40 000 t/y lithium-ion battery precursor materials plant and a... 

Developing New Manufacturers

9th April 2018 Advancement in machine learning and industrial innovations vital to boosting South Africa’s manufacturing sector. Following the 2008 financial crisis, which caused many industrial sectors around the globe to dwindle, South Africa’s manufacturing industry experienced a similar downturn and almost... 

World's top iron shipper says China import boom to level off

By: Bloomberg     9th April 2018 The world’s largest iron-ore exporter delivered a mixed message on the outlook, raising near-term price forecasts, but combining that revision with a more somber message that China’s gargantuan imports are set to level off as steel production eases in the coming years. Iron-ore will average... 

Dormant Swedish mine comes alive in rush for car batteries

By: Bloomberg     6th April 2018 The global race to develop batteries for electric cars is reaching deep into the pine forests of central Sweden, where a dormant graphite mine is getting a new lease on life. Woxna, situated about 259 km north of Stockholm, was mothballed in 2001 amid a slump in prices. Now, a Canadian company... 

Bluebird completes farm-in expenditure at Gubong

By: Creamer Media Reporter      3rd April 2018 Asia-focused Bluebird Merchant Ventures last week executed a formal joint venture (JV) agreement with Southern Gold for the Gubong mine, in South Korea. This follows the completion of the required farm-in expenditure of $500 000 at the mine. 

Pilbara welcomes Posco as strategic investor

By: Esmarie Swanepoel     3rd April 2018 South Korean steelmaker Posco has acquired a 4.57% stake in ASX-listed Pilbara Minerals, contributing some A$80-million to the company’s balance sheet. The deal, initially announced in February, woul establish a long-term strategic offtake and joint venture (JV) relationship between the two... 

Petrol autocatalysts, fuel cells seen driving automotive platinum demand in future

By: Nadine James     30th March 2018 Multidisciplinary research team Afriforesight expects that future platinum demand will rely heavily on the successful uptake of fuel cells as well as petrol autocatalyst manufacturers switching from palladium-based to platinum-based coatings. Afriforesight chief chrome and platinum group metals... 

Rio Tinto sees iron-ore market staying balanced through 2019 – exec

By: Reuters     23rd March 2018 Rio Tinto expects the global iron ore market to stay balanced through 2019 despite a likely moderation in steel demand growth in China, the world's biggest steel consumer, a senior executive said on Friday. "I think the iron-ore market is pretty well balanced...We don't see remarkable change in... 

Trump temporarily excludes EU, six other allies from steel tariffs

By: Reuters     23rd March 2018 US President Donald Trump has temporarily excluded six countries, including Canada and Mexico, and European Union states from higher US import duties on steel and aluminum meant to come into effect on Friday. In a Presidential proclamation published late on Thursday, Trump said he would suspend... 

The lithium sector surge is poised to ignite a deals bonanza

By: Bloomberg     21st March 2018 The tripling in lithium prices over three years is poised to fuel a multi-billion dollar rush of deals as major players jostle for dominance to supply the metal needed for the electric vehicle battery revolution. China’s expected to lead a mergers and acquisition bonanza as companies seek to... 

Battery makers descend on Australia, Canada cobalt developers

By: Reuters     19th March 2018 Nervous Asian battery makers are turning to early-stage cobalt projects in Australia and Canada to lock in supplies of the critical battery ingredient ahead of expected shortages as demand for electric vehicles revs up. Mine developers say interest from Japanese and Korean firms is particularly... 

US tariff exemptions to boost Australian exports - industry

By: Reuters     12th March 2018 Australian steel and aluminium manufacturers said on Monday exports to the United States will grow after securing exemptions from tariffs signed into law by US President Donald Trump. Trump on Friday said Australia would become the third country to be free from a 25% tariff on steel imports and... 

Chile says companies to invest $754m in lithium industry

By: Reuters     10th March 2018 Chile's development agency Corfo said on Friday that companies from China and South Korea, as well as Chile, had been approved to make investments of around $754-million in the red-hot lithium industry. The companies selected in a bidding process to develop technology focused on the lithium... 

WTO chief urges States to stop first dominoes of trade war

By: Reuters     6th March 2018 The head of the World Trade Organization (WTO) told member states on Monday they must prevent "the fall of the first dominoes" in a trade war and warned of a real risk of triggering an escalation of global trade barriers and a deep recession. World trade policy is in turmoil because of US... 

Europe's firm response to stop short of trade war with Trump

By: Reuters     2nd March 2018 The firm response Europe has pledged to planned US tariffs on steel and aluminium imports is likely to stop short of triggering the trade war that open market supporters fear. US President Donald Trump said on Thursday the United States would apply duties of 25% on imported steel and 10% on... 

Trump says US to impose steep tariffs on steel, aluminium imports

By: Reuters     2nd March 2018 US President Donald Trump announced on Thursday he would impose hefty tariffs on imported steel and aluminium to protect US producers, risking retaliation from major trade partners like China, Europe and neighbouring Canada as well as helping to trigger a large selloff on Wall Street. Trump said... 

Bluebird makes speedy progress on Kochang reopening

By: Megan van Wyngaardt     28th February 2018 Asia-focused resource development group Bluebird Merchant Ventures on Wednesday said that it had made significant progress on the Kochang gold and silver mine in South Korea, since signing its $750 000 farm-in agreement with ASX-listed Southern Gold, in February. Bluebird is currently looking to... 

Pilbara to fast-track Pilgangoora development as new investor comes to play

By: Megan van Wyngaardt     28th February 2018 The multi-faceted agreement signed between South Korean steelmaker Posco and Australian lithium miner Pilbara Minerals this week would strengthen the latter's balance sheet, allowing it to accelerate Stage 2 and complete Stage 1 of its Pilgangoora project in Western Australia, the miner said on... 

Bluebird to inject new life into old South Korean gold veins

By: Reuters     19th February 2018 Asia-focused mine developer Bluebird Ventures, with venture partner Southern Gold, plans to reopen South Korean gold mines closed decades ago and is aiming for profits of around $100/t, Bluebird's CEO said. The mines closed in the late 1960s and 1970s when the gold price was less than $140/oz,... 

Cobalt cannot be eradicated from electric car batteries – Umicore

By: Reuters     13th February 2018 Makers of electric vehicle batteries will have to keep using scarce, expensive cobalt in their products for the foreseeable future despite a push towards higher nickel compositions, materials technology company Umicore said on Monday. Manufacturers have been trying to increase the proportion of... 

Bluebird, Southern sign JV to reopen South Korean silver mine

By: Anine Kilian     12th February 2018 Aim-listed Bluebird Merchant Ventures has signed an agreement with Southern Gold to develop and reopen the Kochang gold and silver mine in South Korea. Under the terms of the agreement, a joint venture (JV) will be formed once Bluebird has spent $500 000 to complete a report on the feasibility to... 

Samsung SDI turns to used phones for cobalt as prices surge

By: Bloomberg     12th February 2018 Samsung SDI, a battery supplier to carmakers including BMW, plans to recycle cobalt from used mobile phones as companies around the world scramble to secure supplies of the metal amid surging prices. The plan fuels a trend among battery makers to reduce dependence on the Democratic Republic of... 

Sumitomo sees Ambatovy at 50% utilisation rate in Jan to March

By: Reuters     8th February 2018 Sumitomo said on Thursday it expects its Ambatovy nickel/cobalt project in Madagascar to run at about a 50% utilisation rate in the January-March quarter, rising to 80% from April. The trading house said last week that the project had resumed operations from end-January after halting operations... 

Botswana power plant expansion plan stalls over terms 

By: Reuters     29th January 2018 A planned $800-million expansion of a coal-fired power plant in Botswana by Japan's Marubeni Corp and South Korea's Posco Energy has been put on hold due to a disagreement over terms, the energy minister said on Monday. Marubeni and Posco Energy were due to start work in January last year on a... 

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