http://www.miningweekly.com
R/€ = 14.61 Change: -0.04
R/$ = 12.48 Change: -0.03
Au 1294.66 $/oz Change: 1.86
Pt 906.00 $/oz Change: 2.49
 

Topic

Australian uranium hopefuls welcome Cameco production cuts

By: Esmarie Swanepoel     10th November 2017 Australia’s uranium hopefuls have welcomed a decision from uranium major Cameco to shutter its McArthur River mining and Key Lake milling operations, in Canada. Cameco this week announced its plans to remove some 10% of the current global uranium supply, on the back of continued uranium price... 

Pilbara eyeing downstream processing

By: Esmarie Swanepoel     10th November 2017 Lithium developer Pilbara Minerals has signed a nonbinding memorandum of understanding (MoU) to potentially develop a downstream lithium chemical conversion facility in South Korea. The ASX-listed company on Friday noted that the MoU with Polaris Shipping and LG Chem would see Pilbara supply up... 

Brexit takes bureaucracy to the atomic level for UK industry

By: Bloomberg     17th October 2017 To understand the implications of Brexit, it helps to go nuclear. Of all the international regulatory challenges created by the UK’s impending departure from the European Union, the atomic-energy industry may best encapsulate the decision’s bottom-line effect: more bureaucracy and costs for a... 

Zinc deficit grows 30% in first eight months of 2017; lead narrows gap – ILZSG

By: Henry Lazenby     11th October 2017 The zinc supply gap has widened by 30% year-on-year for the first eight months of this year, new data published by the International Lead and Zinc Study Group (ILZSG) shows. The Lisbon, Portugal-based organisation on Wednesday said the zinc deficit had grown from 221 000 t over the same... 

Magnis gathers US funds for downstream development

By: Esmarie Swanepoel     5th October 2017 A global consortium, in which ASX-listed Magnis Resources holds a major stake, has been awarded funding of $13.5-million from the state of New York to develop the region’s first lithium-ion gigafactory. In May, Magnis entered into a joint manufacturing establishment agreement to develop a 15 GWh... 

Oaktree's Molycorp legacy firm is said to weigh IPO, sale

By: Bloomberg     27th September 2017 Advanced materials producer Neo Performance Materials, carved from the remains of bankrupt Molycorp, is weighing an initial public offering (IPO) or an outright sale, according to people familiar with the matter. Neo Performance, backed by investment firm Oaktree Capital Group, has not... 

Coal market boom casts bullish trajectory for Corsa as it prowls for M&A ops

By: Henry Lazenby     14th September 2017 Surprising as it may seem, coal demand is at an all-time high, with the current heydays spelling “good profits and rising margins” for several miners in this space, including US-focused Corsa Coal. The TSX-V-listed miner, which produces coal from six mines, has one development mine and operates... 

Zinc’s six-month deficit grows 3% y/y – ILZSG

By: Henry Lazenby     22nd August 2017 The latest date published by the International Lead and Zinc Study Group (ILZSG) has found a 3% year-on-year wider zinc market supply gap for the first six months of 2017. According to preliminary data recently compiled by the ILZSG, the global market for refined zinc metal was in deficit by 203... 

Local valves company employs competitive strategy

By: Nica Schreuder     11th August 2017 Over the past two years, the African valves market has experienced trying conditions when dealing with the mining industry; however, the business environment is now slowly recovering as a result of improved commodity prices, South African valves industry manufacturer AR Controls director Julien... 

Elon Musk inspires No.1 miner to target electric vehicle boom

By: Bloomberg     9th August 2017 Observations by Tesla’s Elon Musk on the key role nickel plays in the electric vehicle boom helped inspire the world’s top miner BHP Billiton to invest in new capacity to target rising demand. Amid efforts to improve performance at its nickel operations in Australia, Eduard Haegel, asset... 

Glencore to acquire 49% of Hunter Valley Operations

By: Martin Creamer     27th July 2017 Diversified mining and marketing company Glencore announced on Thursday that it had signed agreements with Yancoal Australia Limited (Yancoal) to acquire a 49% interest in the Hunter Valley Operations (HVO) coal mine in New South Wales and form a joint venture (JV) following Yancoal's acquisition... 

Zinc, lead demand continue to outstrip output

By: Henry Lazenby     18th July 2017 New analysis by the International Lead and Zinc Study Group (ILZSG) has found that demand for zinc grew by 1.14% during the first five months of 2017, with mine output rising 6.3% and refined metal output up 0.4%. In its latest report published on Monday, the ILZSG said that preliminary data it... 

Prelude facility on its way to Australia – Shell

By: Esmarie Swanepoel     3rd July 2017 Global energy firm Royal Dutch Shell has announced that the floating liquefied natural gas (FLNG) facility for its Prelude operation has left South Korea on its way to Australia. On arrival at the Prelude offshore gas field, offshore Western Australia, the preinstalled mooring chains will be... 

India seeks to extend LNG, energy cooperation with Qatar

By: Ajoy K Das     21st June 2017 Despite Qatar being pushed into diplomatic and economic isolation by its neighbours, India is deepening economic cooperation in liquefied natural gas (LNG) and energy with new proposals and initiatives. The Indian government has proposed a fresh long-term LNG purchase agreement, while the Qatari... 

S Australian govt welcomes Arrium sale

By: Esmarie Swanepoel     16th June 2017 South Australian Treasurer Tom Koutsantonis has welcomed a decision by the administrators of Arrium Mining and Materials, after the company confirmed that a Korean consortium had been chosen as the preferred bidder for the group of companies. The consortium is led by Newlake Alliance Management... 

Peninsula signs Korean offtake MoU

By: Esmarie Swanepoel     14th June 2017 Graphite hopeful Peninsula Mines has inked a nonbinding offtake and development cooperation memorandum of understanding (MoU) with Korean graphite producer Graphene Korea. Under the MoU, Peninsula could potentially supply Graphene Korea up to 20 000 t/y of flake graphite concentrate. It could see... 

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... 

Move over Tesla, Europe's building its own battery gigafactories

By: Bloomberg     22nd May 2017 Battery-making gigafactories are about to arrive in Europe, challenging a lead Tesla is building at a plant in Nevada and opening the way for a quicker shift toward green power for both cars and utilities. German Chancellor Angela Merkel on Monday is scheduled to break ground at a €500 million... 

AMSA insists 12% hot-rolled-coil safeguard won’t translate into abrupt price hike

By: Terence Creamer     15th May 2017 Steel producer ArcelorMittal South Africa (AMSA) insists that the institution of a 12% safeguard duty on hot-rolled coil (HRC) from July 1 will not result in a commensurate rise in domestic prices for the primary-steel product, owing to a pricing agreement with government that regulates the... 

DoE won’t appeal nuclear ruling, but Kubayi leaves door open for new nuclear determination ahead of IRP update 

By: Terence Creamer     13th May 2017 Energy Minister Mmamoloko Kubayi announced on Saturday that government would not appeal the April 26 ruling of the Western Cape High Court, which declared the processes hitherto used to procure new nuclear capacity to be unconstitutional and illegal, along with three nuclear-related... 

Inpex-operated Ichthys falls behind on schedule

By: Esmarie Swanepoel     2nd May 2017 The start of the Ichthys liquefied natural gas (LNG) project has been delayed by months, following delays in the installation of offshore production facilities. The 8.9-million-tonne-a-year project had initially been slated to start production in the third quarter of 2017; however, project... 

Curious case of the billion-dollar lithium mine sold for a song

By: Bloomberg     13th April 2017 High in the Andes, in northwest Argentina, stories are told of fortunes being made in lithium, the wonder metal inside iPhones to Teslas that has captivated global investors from Warren Buffett down. This is not one of those stories. 

Long-term improvements forecast for uranium market

By: Robyn Wilkinson     7th April 2017 Although the international uranium market has been facing tough operating conditions, new demand growth is expected later this year on the back of investment in new nuclear reactors in Russia, China and India, says data insights solutions provider GlobalData mining research director Alok Shukla. 

Southern Gold partners with London-listed firm on two Korean projects

By: Esmarie Swanepoel     27th March 2017 Gold producer Southern Gold could restart two of its Korean gold mines with the help of LSE-listed Bluebird Merchant Ventures. ASX-listed Southern Gold on Monday announced that it has signed a conditional agreement with Bluebird for the farm-in on two of Southern Gold’s 17 gold projects in South... 

Moz coalfields to be served by third railway and port corridor

By: Keith Campbell     24th March 2017 Mozambique has taken another step to fulfil the objective of providing comprehensive railway links between the country’s rich coal fields in its inland Tete province and harbours on the coast from which the coal can be exported. Zambeze Integrated Development Corridor (acronymned in Portuguese to... 

Tech metals supply lagging demand as electric car production increases

By: David Oliveira     10th March 2017 The burgeoning lithium-ion battery market, buoyed by increased demand for and production of electric vehicles (EVs), among other end-uses, is making it increasingly difficult for producers of tech metals such as lithium and cobalt to keep pace with the demand from technology developers. Global... 

Tech metals supply lagging demand as electric car production increases

By: David Oliveira     10th March 2017 The burgeoning lithium-ion battery market, the result of increased demand for and production of electric vehicles (EVs), among other end-uses, is making it increasingly difficult for producers of tech metals, such as lithium and cobalt, to keep pace with the demand from technology developers.... 

SA-based company partners with Chad to develop country’s nascent minerals sector

By: Ilan Solomons     3rd March 2017 Gold mining, refining and resources development company Quaestec Gold Africa Resources has partnered with the government of Chad to develop the Central African country’s nascent mineral resources sector, says company CEO Charles Fourie. Chad’s gold deposits occur over 1 200 km, from the south to... 

SA-based company partners with Chad to develop country’s nascent minerals sector

By: Ilan Solomons     3rd March 2017 Gold mining, refining and resources development company Quaestec Gold Africa Resources has partnered with the government of Chad to develop the Central African country’s nascent mineral resources sector, says company CEO Charles Fourie. Chad’s gold deposits occur over 1 200 km, from the south to... 

Choking China backs race to mine greener iron-ore for top mills

By: Bloomberg     9th February 2017 Chinese engineers who carved a railway through the Tibetan plateau and built the world’s longest sea-bridge across Hangzhou Bay have a new challenge: developing a $3.4-billion project on Australia’s remote Eyre Peninsula to meet increased demand for cleaner iron ore. China Railway Group Ltd., the... 

Global uranium production expected to reach 76 493 t in 2020

By: David Oliveira     3rd February 2017 Global uranium mine production is expected to increase at a compound annual growth rate of 4.3%, reaching 76 493 t in 2020, according to a report by research and consulting firm GlobalData. ‘Global Uranium Mining to 2020’, published last month, states that growth in production is needed to meet... 

Uranium output forecast to hit 76 493 t in 2020 – report

By: Henry Lazenby     26th January 2017 New analysis by research and consulting firm GlobalData has forecast global uranium output to rise at a compound yearly growth rate of 4.3%, to 76 493 t in 2020. The company’s latest report states that growth in production is needed to meet upcoming demand from new reactors. 

Coal’s recovery too good to resist for world’s biggest exporter

By: Bloomberg     13th January 2017 Indonesia will exceed its coal production target for another year as miners cash in after prices recovered from a five-year collapse. The world’s biggest exporter will produce about 489-million metric tons this year, 18% above the government-mandated target, according to energy ministry... 

PGM supply and demand forecast to decline 2% next year

By: Ilan Solomons     2nd December 2016 Total global supply of platinum-group metals (PGMs) is forecast to decline by 2% to 7.7-million ounces in 2017 from 7.8-million ounces in 2016, mainly as a result of a decline in secondary supply as jewellery recycling in China returns to a more typical level after retailer destocking raised it... 

PGM market faces 100 000 oz deficit in 2017 – WPIC

By: Ilan Solomons     22nd November 2016 Total global supply of platinum-group metals (PGMs) is forecast to decline by 2% to 7.7-million ounces in 2017 from 7.8-million ounces in 2016, mainly as a result of a decline in secondary supply as jewellery recycling in China returns to a more typical level after retailer destocking raised it... 

Uranium prices continue downward creep as buyers await bargains

By: Henry Lazenby     22nd November 2016 Uranium oxide prices remain under significant pressure as a significant contango persists and falling spot prices are pulling the long-term contract price lower. “There’s a price-off bias. Customers believe if they wait a bit longer they will realise a lower price,” Canadian uranium miner... 

Industry Minister meets Posco to discuss Whyalla future, possible bid

By: Esmarie Swanepoel     3rd November 2016 South Korean steel major Posco has emerged as a viable buyer for the steelworks division of the now defunct Arrium. Federal Industry Minister Greg Hunt on Thursday revealed that Posco had expressed a “strong desire” in buying the Whyalla steelworks, which was placed on administration earlier... 

Big development-finance backing for R40bn coal IPP programme 

By: Terence Creamer     10th October 2016 Energy Minister Tina Joemat-Pettersson confirmed on Monday that the 557.3 MW Thabametsi and the 306 MW Khanyisa coal-fired power station projects have been selected as preferred bidders following the first bid window of South Africa’s Coal Baseload Independent Power Producer Procurement Programme... 

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
Register Close