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Santos eyes higher output on lower costs

By: Esmarie Swanepoel     23rd October 2015 Takeover target Santos has broken the one-million-tonne liquefied natural gas (LNG) sales volume barrier during the three months to September. The company reported on Friday that LNG sales volumes had more than doubled in 2015, with further growth expected in the fourth quarter of the year, after... 

Santos ships first Gladstone LNG

By: Esmarie Swanepoel     16th October 2015 Oil and gas major Santos has made the first shipment of liquefied natural gas (LNG) from the $18.5-billion Gladstone LNG project (GLNG). The cargo was bound for South Korea. 

Mozambique’s coal sector still embattled, but bottlenecks should soon go

By: Keith Campbell     16th October 2015 Although Mozambique is an established producer of heavy mineral sands and high-quality rubies and, although important high-quality graphite projects will soon start operation and gold is likely to be added to the country’s mining portfolio in the near future, it cannot be doubted that the mining... 

Mozambique’s coal sector still embattled, but bottlenecks should soon go

By: Keith Campbell     16th October 2015 Although Mozambique is an established producer of heavy mineral sands, of high quality rubies, and although important high quality graphite projects will soon start operation and gold is likely to be added to the country’s mining portfolio in the near future, it cannot be doubted that the mining... 

Canada becomes founding partner of historic Trans-Pacific Partnership, to boost resource sectors

By: Henry Lazenby     5th October 2015 Canada on Monday became one of the 12 founders of the historic Trans-Pacific Partnership (TPP) free-trade agreement (FTA) that could ensure an increase in Canadian exports and investment to member countries, supporting jobs for Canadians at home and abroad. The TPP was a multilateral trade... 

Mooted free-trade area seen boosting intra-African minerals trade flows

By: Ilan Solomons     11th September 2015 Formal negotiations are taking place among the 54 member States of the African Union (AU) to create a free-trade zone on the continent by 2017. The AU Assembly launched the Continental Free Trade Area (CFTA) negotiations during the twenty-fifth Ordinary Summit of Heads of State and Government on... 

Mooted free-trade area seen boosting intra-African minerals trade flows 

By: Ilan Solomons     11th September 2015 Formal negotiations are taking place among the 54 member States of the African Union (AU) to create a free trade zone on the African continent by 2017. The AU Assembly launched the Continental Free Trade Area (CFTA) negotiations during the twenty-fifth Ordinary Summit of Head of States and... 

Fuel cells used at Eastern Cape schools

     21st August 2015 Hydrogen fuel cell technology has been used successfully to provide standby power at three schools in Cofimvaba, in the Eastern Cape, since September 2014, mining major Anglo American announced in June. 

African States urged to be more involved as seabed mining regulations are drawn up

By: Anine Kilian     7th August 2015 The participation of African States is crucial as the International Seabed Authority (ISA) undertakes the task of preparing the rules and regulations for the future exploitation of deepsea minerals, ISA deputy to the secretary-general Michael Lodge has said. Speaking at the ‘Exploration and... 

African States urged to be more involved as seabed mining regulations are drawn up

By: Anine Kilian     7th August 2015 The participation of African States is crucial as the International Seabed Authority (ISA) undertakes the task of preparing the rules and regulations for the future exploitation of deepsea minerals, ISA deputy to the secretary-general Michael Lodge said. Speaking at the ‘Exploration and... 

De Beers has weak first half, looks forward to H2

By: Megan van Wyngaardt     24th July 2015 Diamond mining giant De Beers on Friday said that, despite a challenging first half, it still achieved a solid operating performance. However, its underlying earnings before interest and taxes (Ebit) decreased by 25% to $576-million for the six months ended June, compared with $765-million in the... 

Nuclear energy procurement process to start this month, budget not revealed 

By: Shirley le Guern     14th July 2015 The procurement process for South Africa’s new build nuclear energy programme will start in the second quarter of this year and be completed by the end of the 2015 financial year with the selection of either a single or a group of strategic partners, the Department of Energy (DoE) has revealed.... 

Work with govt to simplify mining policy – Rossouw

By: Martin Creamer     1st July 2015 The time had come for the private sector to start making it clear that it wished to work with government to simplify mining policy and collaborate towards less regulation and greater implementation. “Step up and get involved in providing meaningful information and honest comment,” thought leader... 

Australian coal prices rise as scorching Asian heat pushes up demand

By: Reuters     17th June 2015 Australian coal prices have risen almost 8% since the beginning of June as a drought in South Asia pushes up power demand, although the overall sentiment in the sector remains bearish due to falling imports by other major Asian buyers. Coal prices for prompt physical delivery from its Newcastle... 

South Africa to launch nuclear procurement in ‘second quarter’ 

By: Terence Creamer     19th May 2015 South Africa would commence a procurement process in the second quarter of the current financial year to select a “strategic partner or partners” to build 9 600 MW of new nuclear capacity, Energy Minister Tina Joemat-Pettersson announced on Tuesday. Government’s financial year began on April 1,... 

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... 

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