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Gold demand remains stable – WGC

By: Megan van Wyngaardt     14th May 2015 Gold demand for the first three months of this year was 1 079 t, down 11 t, compared with the first quarter of 2014, the World Gold Council (WGC) said in its latest ‘Demands Trends’ report, released on Wednesday.  In value terms, gold demand in the first quarter was $42-billion, down 7% compared... 

DoE outlines next nuclear steps as it completes ‘pre-procurement phase’

By: Terence Creamer     31st March 2015 The Department of Energy (DoE) announced on Tuesday that the pre-procurement phase for South Africa’s proposed roll-out of a nuclear new build programme had been completed, following the latest in a series of workshops with vendor countries and their companies. Consultations had been held with... 

South Korea could be the model for African countries to ponder

By: Martin Creamer     6th March 2015 South Korea could be the model for African countries to ponder, says economics and finance superstar Jim O’Neill, who oversaw the investment of $800-billion as the former Goldman Sachs Asset Management chairperson and who coined the acronym Brics, which is a focus on the economies of Brazil,... 

Areva says SA nuclear ambitions intact despite major restructuring plan 

By: Terence Creamer     5th March 2015 French nuclear vendor Areva says its value proposition for South Africa’s proposed new nuclear build programme remains intact, despite far-reaching restructuring initiatives being undertaken at the troubled State-owned company, which reported a €4.8-billion loss for 2014. Areva has announced... 

Australian LNG exports to push Asian prices down – analysts

By: Esmarie Swanepoel     3rd March 2015 An upsurge in Australian liquefied natural gas (LNG) exports by the end of 2015 was expected to exert downward pressure on Asian spot prices, advisory firm Wood Mackenzie (Woodmac) said this week. In its new quarterly analysis of global LNG fundamentals, Woodmac said that the softening in Asian... 

Growing demand for cheap minerals, energy opening up high-yielding investment opportunities 

By: Henry Lazenby     20th February 2015 In a world where the economic outlook is uncertain and opinions diverge at best, the overarching trend of divergent lifestyles around the world is providing fuel for a new generation of critical-thinking miners who have undergone a paradigm shift in approaching the business in a much cleverer,... 

Demand for cheap minerals, energy to support growing global middle class opening up high-yielding investment opportunities

By: Henry Lazenby     20th February 2015 In a world where the economic outlook is uncertain, and opinions diverge at best, depending on who you ask, where it is hard to pinpoint whether economies are at inflationary or deflationary inflection points, stabilising or destabilising and where a host of investors had all but written off the... 

World economy doing better than one might think – expert 

By: Kim Cloete     10th February 2015 Despite two huge global disturbances – the burst of the technology bubble and what’s become known as the Great Recession in 2008/9 – world GDP growth has been stronger in the past decade than in the prior two decades. “The world economy has been stronger than many people seem to believe. It’s not... 

US coal mines most at risk as Australia, Indonesia capture market share

By: Henry Lazenby     9th February 2015 US coal mines are most at risk as Australian and Indonesian coal suppliers see some upside in the difficult months ahead as they continue to capture market share of coal exports from higher-cost producers, commercial intelligence firm Wood Mackenzie said on Monday. In it 2015 coal outlook report,... 

Tungsten merger to get ‘ball rolling’ on industry consolidation

By: Henry Lazenby     9th February 2015 A proposed merger between Almonty Industries and Woulfe Mining announced late last month was not only expected to create a new tungsten-producing major but was also seen as the catalyst of the industry's long-awaited consolidation. Principal and mining strategist at New York-based economic... 

Australia a 'stand out' competitor in oversupplied coal market

     9th February 2015 Australian and Indonesian coal suppliers were likely to have a better 2015 than their global counterparts, analyst Wood Mackenzie (Woodmac) reported on Monday, as the regions continued to capture market share of coal exports from higher cost producers. Further modest productivity gains, the... 

Copper sales to account for 80% of Harmony’s part-owned Papua New Guinea mine

By: Ilan Solomons     30th January 2015 Copper production sales are to account for about 80% of gold mining companies Harmony Gold and Newcrest Mining’s $2.3-billion Golpu project, in Papua New Guinea, Harmony CEO Graham Briggs tells Mining Weekly. Harmony and Newcrest each own 50% of the Golpu project through the Wafi-Golpu joint... 

Mining boosts world’s poorest regions – ICMM

By: Martin Creamer     27th January 2015 The global mining industry makes its biggest contribution in the world’s poorest regions, an International Council on Mining & Metals (ICMM) study has found. The study, which became available in published form on Tuesday, finds that mining spurs the growth and development of national economies... 

Massive revenue growth forecast for Australian CSG industry

By: Esmarie Swanepoel     13th January 2015 Revenue from the coal seam gas (CSG) industry in Australia has been flagged to grow about 148% during 2015, industry researcher IBISWorld reported this week. In 2014, the CSG industry accounted for revenues of A$737.9-million; however, IBISWorld predicted that this would grow to some... 

Kennametal Opens New Rapid Response Center in Istanbul, Turkey

     9th December 2014 New facility joins UK-based center and RRCs in South Korea and Poland in delivering maximum customer value. When it comes to local service, metalworking operations require three things – their problems are understood, they are responded to quickly, and that they get the right solutions. To better... 

SA meets more nuclear vendors amid ‘costly diversion’ criticism 

By: Terence Creamer     26th November 2014 The Department of Energy (DoE) confirmed on Wednesday that the second nuclear vendor parade workshop, which took place at a venue in the Drakensberg, had been concluded with delegations from China, France, South Korea and the US. The first such workshop, which was also held in the Drakensberg in... 

Glencore, French open $7bn nickel mine in New Caledonia

By: Martin Creamer     17th November 2014 French President François Hollande on Monday officially opened the new $7-billion Koniambo nickel project in New Caledonia, a territory of France that is located 1 210 km east of Australia, in the south-west Pacific Ocean. The joint venture (JV) between the London-, Hong Kong- and now also... 

Kennametal Opens New Rapid Response Center in Istanbul, Turkey

     13th November 2014 New facility joins UK-based center and RRCs in South Korea and Poland in delivering maximum customer value. When it comes to local service, metalworking operations require three things – their problems are understood, they are responded to quickly, and that they get the right solutions. To better... 

LNG exports help to lower emissions while driving economic growth  

By: Esmarie Swanepoel     12th November 2014 The Australian Petroleum Production & Exploration Association (Appea) has welcomed a report by advisory firm Deloitte Access Economics, that shows international action on climate change must recognise the link between carbon emissions and economic output. The report, titled ‘Emissions metrics:... 

SA signs nuclear agreement with China, gears up for workshop with French 

By: Terence Creamer     7th November 2014 In what is now the fourth such agreement, Energy Minister Tina Joemat-Pettersson signed an ‘Inter-Governmental Framework Agreement on Nuclear Cooperation’ on Friday with China’s National Energy Administration director Wu Xinxiong. Similar agreements have been signed with South Korea, France and... 

African mining sees uptake in international investment

By: Bruce Montiea     7th November 2014 Africa is attracting growing volumes of international mining capital, owing to the global economic downturn, which has impacted favourably on international investors perception of the continent as a favourable and reliable region for investment, says international law firm Allen and Overy.  

Russia kicks off South Africa’s ‘nuclear vendor parade’ 

By: Terence Creamer     24th October 2014 The Department of Energy (DoE) reported on Thursday night that it had concluded its first “nuclear vendor parade workshop” with a delegation from the Russian Federation and that further meetings were planned with vendor countries such as France, China, South Korea, the US and Japan. The workshop,... 

SA says nuclear agreement with France part of ‘preparatory phase’ 

By: Terence Creamer     14th October 2014 The Department of Energy (DoE) confirmed on Tuesday that an ‘Inter-Governmental Framework Agreement on Nuclear Cooperation’ had been signed with France as part of the “preparatory phase for the possible deployment of French nuclear technology in South Africa”. In a far more tightly-worded... 

Demand for couplings remains strong

By: Ilan Solomons     10th October 2014 The sales of technology company SKF South Africa’s gear, grid and rigid couplings, for use on belt conveyor drives, have been “extremely good” this calendar year, owing to steady growth in the industrial and mining after-market sectors, says SKF power transmission product manager Frans Pienaar.... 

Rosatom ready to participate in ‘open’ nuclear bidding process 

By: Terence Creamer     3rd October 2014 Nuclear energy vendor Rosatom says the recent intergovernmental agreement between the Russia Federation and South Africa is “not a deal”, but merely a broad outline of what the company and Russia has to offer South Africa in the area of nuclear energy. Regional VP: sub-Saharan Africa Viktor... 

No deal to procure Russian nuclear reactors, DoE assures 

By: Terence Creamer     1st October 2014 South Africa’s Department of Energy (DoE) denied on Wednesday that its had signed a deal to procure eight VVER nuclear reactors from Rosatom, of Russia, stating that the agreement signed in Vienna on September 22 merely formed part preparations for a procurement process, which was yet to be... 

Hanjin water hammer achieves world record

     29th August 2014 South Korean drilling machine manufacturer Hanjin D&B has successfully drilled to a depth of 3 502 m, a world-record, with its 8" water hammer in a project in Kwangju, South Korea. 

New software optimises drilling, enhances blast effectiveness 

By: Zandile Mavuso     15th August 2014 Mining services company Sandvik Mining has developed a mining software called Intelligent Sandvik Underground Rock Excavation (iSure) that optimises drilling and enhances blast effectiveness. 

Indian iron-ore price spikes trend, steel producers in quandary

By: Ajoy K Das     4th July 2014 Indian domestic iron-ore prices were moving in the opposite direction to global trends with steel producers facing a double whammy of shortages and high raw material costs. NMDC Limited, the country’s largest iron-ore miner, has announced that it would maintain the higher price levels during... 

Indian steel producers request a halt in iron ore exports by NMDC

By: Ajoy K Das     27th May 2014 The Indian government might direct iron-ore miner NMDC Limited to suspend exports to mitigate the shortage of raw material being faced by domestic steel producers. The move to get NMDC to halt exports comes in the wake of 26 mines in the eastern Indian province of Odisha being forced to shut... 

KCC Engineering and Construction awards Tenova Pyromet a significant furnace contract for mineral wool facility

     26th May 2014 Tenova Mining & Minerals announced today that its furnace specialist Tenova Pyromet has been awarded a significant contract by KCC Engineering & Construction (KCC), Republic of Korea, to build a mineral wool facility. Consisting of two electric arc furnaces, the new project will modernize KCC’s... 

IEA urges ‘radical change’ in electricity investment patterns 

By: Terence Creamer     12th May 2014 A new International Energy Agency (IEA) report estimates that an additional $44-trillion in electricity investment will be required to ensure a “sustainable energy system” by 2050, as represented by its 2 ˚C Scenario (2DS). The scenario itself is aligned with the Intergovernmental Panel on... 

Posco’s India project again hit by delays in allocation of iron-ore reserves

By: Ajoy K Das     9th April 2014 South Korean steel producer Posco’s $10-billion Indian project, which has already been delayed by over a decade, was likely to suffer fresh setbacks following a tussle between the federal and provincial governments over the allocation of captive iron-ore reserves. According to officials in the... 

If proven commercially, Geomega’s technology could transform REE industry

By: Henry Lazenby     28th March 2014 Montreal-based rare earth elements (REE) development company Geomega Resources is making steady progress with research and development work on a proprietary technology that could have the power to reshape the rare earths industry. Despite it still being early days, and the technology not having... 

New drilling software ready for implementation

By: Jonathan Rodin     21st March 2014 Technology group Sandvik Mining’s new tunneling project management and information analysis software, Intelligent Sandvik Underground Rock Excavation (iSure), which helps to optimise drilling and blasting patterns, is ready for implementation, says Sandvik Mining business line manager for... 

More coal projects coming on stream in Mozambique

By: Keith Campbell     14th March 2014 Three more companies will soon start mining coal in the Moatize district of Mozambique’s Tete province, Mineral Resources provincial director Manuel Sithole has reported. They will join four others already extracting coal in the district. The three new companies are Midwest Africa, Minas de... 

Canada’s mining industry supports new free trade agreement with S Korea

By: Henry Lazenby     11th March 2014 The Mining Association of Canada (MAC), on Tuesday voiced support for Canadian Prime Minister Stephen Harper’s announcement that Canada and the Republic of Korea had concluded negotiations for a bilateral free trade agreement that would significantly boost trade and investment ties between the... 

‘China factor’ continues to determine future of commodities outlook

By: Simon Rees     6th March 2014 Chinese demand for metals and minerals remains robust, although the pace of uptake is moving towards a plateau as the country enters a more mature economic phase, delegates at the Prospectors and Developers Association of Canada were told on Sunday. “There is a very clear correlation between... 

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