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Japan aluminium industry may consider crafting quality assurance guidelines after Kobe Steel scandal

By: Reuters     13th November 2017 Japan's aluminium industry may consider crafting sector-wide quality assurance guidelines if it gets requests from member companies to do so in the wake of the data fabrication scandal that has engulfed Japan's Kobe Steel, the head of Japan's aluminium industry association said on Monday. Mitsuru... 

Gold heading for worst weekly run in '17 as higher rates loom

By: Bloomberg     6th October 2017 Gold has taken a relentless battering. Prices are poised to drop for a fourth week, the worst streak of losses this year, on prospects for higher U.S. interest rates, a rising dollar, a strong American economy and record equity markets. Fears over a potential nuclear conflict with North Korea... 

Ballard surges on design that reduces platinum in fuel cells

By: Bloomberg     14th September 2017 Ballard Power Systems, a supplier of fuel-cell power systems, surged to a three-year high after announcing a technology breakthrough that replaces most of the high-cost platinum used in earlier design. Ballard gained 24% to $4.59 at 3:08 pm, in New York, the most intraday in more than a year and... 

Sumitomo Metal Mining exits Solomon Islands nickel exploration project

By: Reuters     8th August 2017 Japan's Sumitomo Metal Mining said on Tuesday it will withdraw from a nickel exploration project in the Solomon Islands owing to slumping nickel prices, harsh business circumstances and the outcome of legal proceedings. Sumitomo Metal Mining, which began exploring in the Solomons in 2005, has... 

Nippon Steel, Australian miners to set quarterly coking coal prices using spot indexes

By: Reuters     12th June 2017 Japan's top steelmaker, Nippon Steel & Sumitomo Metal Corp will set quarterly coking coal prices using spot price indexes starting from the current quarter, a company spokesman said on Monday. The decision to move to spot prices ends a decades-old system where bilateral talks between buyers and... 

Iamgold rises on 30% Côté stake sale, positive PFS results

By: Henry Lazenby     6th June 2017 The TSX-listed stock of Canadian gold producer Iamgold gained nearly 12% on Tuesday following news late on Monday that it has agreed to sell a 30% stake in its Côté gold project, in Ontario, and the publication of a positive prefeasibility study (PFS) for the mine. Tokyo-based Sumitomo Metal... 

Tribeca planning to target overhaul of BHP board directors

By: Bloomberg     6th June 2017 BHP Billiton’s board is being targeted for a sweeping overhaul by Tribeca Global Natural Resources Fund, opening a potential new front in the burgeoning activist campaign against the world’s biggest mining company. The Sydney-based hedge fund, which last month joined billionaire Paul Singer’s... 

BHP CEO says he has not met with Elliott since Barcelona

By: Reuters     5th June 2017 BHP Billiton CEO Andrew Mackenzie said on Monday he has not met with activist hedge fund Elliott Management since their talks in Barcelona last month and declined to comment on whether another meeting was scheduled. Elliott, a New York-based fund that has built up a 4.1% stake in BHP, is pushing... 

Adani must pay royalties on Carmichael mine, Queensland says

By: Reuters     26th May 2017 India’s Adani Group will be required to pay full royalties on its $16.5-billion Carmichael coal project in Australia’s Queensland, according to the state’s premier. The Carmichael mine “will pay every cent of royalties in full” under a new policy unanimously agreed to by the state’s cabinet for... 

New company aims to be ‘unrivalled’ service provider

     26th May 2017 With a focus on safety and supporting its customers, the process of integrating diversified industrial-use products and services provider Komatsu and high-productivity mining solutions provider Joy Global has begun, following the conclusion of a $3.7-billion deal in April. On May 8, executive... 

Laing O’Rourke withdraws employees from Ichthys LNG project amid contract dispute

By: Esmarie Swanepoel     15th March 2017 More than 600 workers have reportedly been dismissed from the 8.9-million-tonne-a-year Ichthys liquefied natural gas (LNG) project as a dispute between contractors arose. Laing O’Rourke, which has been constructing four cryogenic tanks on the project on behalf of contractor JKC Australia LNG... 

Platinum needs marketing, marketing and more marketing – RBPlat 

By: Martin Creamer     28th February 2017 Embattled platinum needs ongoing marketing, with producers needing to invest in the promotion effort and ensure that the metal does not continue to be demonised by the anti-diesel hype, Royal Bafokeng Platinum (RBPlat) CEO Steve Phiri told investors, unionists, analysts and journalists on... 

Alex Grose

By: Martin Creamer     27th January 2017 This week we feature Alex Grose, MD Investing in African Mining Indaba, the mining conference that this year takes place in Cape Town from February 6 to 9 

Gold beaten down as Fed’s rate-hike countdown enters final hours

By: Bloomberg     14th December 2016 Gold traded near a ten-month low before an interest rate decision from the Federal Reserve, with investors expecting policy makers led by chairperson Janet Yellen to deliver the central bank’s first hike of the year just as US equities power to records. Bullion for immediate delivery was at $1... 

New confidence in thermal coal, zinc, nickel, copper, cobalt as demand lifts

By: Martin Creamer     9th December 2016 Mining companies need to be marketing companies as well. A major lesson of the downturn since 2008 is that mining companies need to be right up there with the top trading brains if they are to optimise their businesses and the economies of the countries in which they operate. 

World’s LNG giant says everyone wins when buyers get their way

By: Bloomberg     2nd December 2016 The Japanese company poised to become one of the world’s largest LNG buyers says it shouldn’t need to pay producers to lift restrictions on where it can resell cargoes and that the removal would benefit the whole market, including sellers. Jera Co, a joint venture between Tokyo Electric Power... 

Platinum supply under extreme pressure – Dunne 

By: Martin Creamer     29th November 2016 The platinum mining industry is not mining anywhere near the forecast demand of nine-million ounces by 2025, the nominal global demand quantum based on a modest compound annual growth rate of only 1.5%. Reiterating this to journalists on Tuesday, Northam Platinum CEO Paul Dunne pointed out that... 

Copper explodes above $6 000 with prices set for best week ever

By: Bloomberg     11th November 2016 Copper briefly surpassed $6 000/t and headed for the biggest weekly rally ever as the metal became the focus for traders speculating on Donald Trump’s pledge to pour money into US infrastructure. Copper rose as much as 7.6% to $6 025.50, the biggest intraday increase since 2009. Prices were at $5... 

Why electric cars excite the world’s biggest mining company

By: Bloomberg     1st November 2016 BHP Billiton, the world’s biggest miner, is hot for electric vehicles. The Melbourne-based resources giant, which mines metals and coal used for both steelmaking and fueling power plants, is increasingly optimistic that there’ll be a surge in demand for some of its products as consumers opt for... 

Hitachi Construction offers A$689m for Australia’s Bradken

By: Bloomberg     3rd October 2016 Hitachi Construction Machinery, the world’s biggest maker of giant excavators, made a A$689-million offer to acquire Bradken, an Australian supplier of mining equipment. The company will offer A$3.25 per share to buy the Newcastle, New South Wales-based company, the Japanese manufacturer said in... 

China to proceed with biggest steel merger in almost a decade

By: Bloomberg     20th September 2016 Two of China’s biggest steelmakers agreed to merge their listed units, moving a step closer to a union that would create the nation’s biggest mill and a company with the scale to rival ArcelorMittal. The publicly traded arm of Shanghai Baosteel Group, the second-biggest Chinese mill by output,... 

Pneumatics company makes Electra debut

     26th August 2016 Established in 1959, Tokyo-based SMC Corporation has steadily expanded into international markets with an established footprint in 83 countries and now it is also opening its doors in South Africa. 

EY’s Canadian Mining Eye index surges on buoyant gold, base metals prices

By: Henry Lazenby     12th August 2016 Professional services firm EY’s Canadian Mining Eye index surged 42% during the three months ended June 30, as major miners gained 29% on the back of rising gold and base metal prices. Gold prices increased by 7% in the second quarter, compared with 16% gains in the prior period, while the major... 

Sea search for metal is Japan’s answer to land that has none

By: Bloomberg     10th August 2016 As deep as 1 600 m under water and 1 500 km from Tokyo, work has begun on the new hunting ground for metals in Japan, a country so devoid of natural resources that most of what it needs has to be imported. As the island nation depleted most of its land-based minerals in the economic boom that... 

Japan’s Komatsu to buy US Joy Global for $2.89bn

By: Bloomberg     21st July 2016 Komatsu, the world’s second-biggest mining and construction equipment maker, agreed to buy Joy Global for $2.89-billion, in a deal signaling the Japanese company is optimistic that a recent rebound in commodities prices will endure. Tokyo-based Komatsu will pay $28.30 a share in cash for the... 

Commodities reel in world market tumult as UK votes for Brexit

By: Bloomberg     24th June 2016 Commodities were swept up in global market turmoil as investors sold off growth-related assets including oil and copper and sought haven in precious metals as UK voters opted to leave the European Union after more than four decades. The Bloomberg Commodities Index fell as much as 2%, the most in... 

Maiden offtake agreement signed for Mt Cattlin

By: Mariaan Webb     18th May 2016 ASX-listed joint venture partners General Mining and Galaxy Resources have signed a binding offtake agreement for their Mt Cattlin lithium project, in Western Australia. The tri-party offtake agreement involving a Chinese buyer and General Mining’s exclusive selling and settlement agent,... 

Canada renews focus on alternatives to get crude to market

By: Henry Lazenby     10th November 2015 One good thing to come from the US's rejection of Canadian energy infrastructure operator TransCanada’s proposed Keystone XL pipeline, is the finality it brings to a drawn-out process spanning years, that could now perhaps provide the impetus needed to look for new opportunities to move Canadian... 

Mitsui to shut precious metals business in London, New York – sources

By: Reuters     12th October 2015 Mitsui will close its precious metals businesses in London and New York at the end of this year, two sources familiar with the situation said, due to sliding commodity prices and more stringent regulation. "Mitsui is shutting down precious in London and New York in December," one source said. 

Platinum fuel cells are the answer in VW emissions snarl-up

By: Martin Creamer     2nd October 2015 The debacle that Volkswagen has caused by misrepresenting the volume of emissions that emerge from the exhaust pipes of its vehicles may just be the catalyst that the world needs to accept platinum fuel cells, which do not emit a single speck of environmental nasties. 

SEC statement on Hitachi violating Foreign Corrupt Practices Act

     29th September 2015 The Securities and Exchange Commission today (September 28, 2015) charged Tokyo-based conglomerate Hitachi, Ltd. with violating the Foreign Corrupt Practices Act (FCPA) when it inaccurately recorded improper payments to South Africa’s ruling political party in connection with contracts to build... 

VW debacle puts favourable spotlight on zero-emission platinum fuel cell 

By: Martin Creamer     25th September 2015 The attack on diesel vehicles and the Volkswagen emissions debacle are putting a favourable new spotlight on the zero-emission value of fuel cell electric vehicles that use considerable volumes of platinum. This year has seen several global car manufacturers steadfastly advancing the... 

Eqstra and Link-Belt: Partnerships for life

     11th August 2015 “The appointment of Eqstra Industrial Equipment (“EIE”) as Link-Belt Construction Equipment’s distributor in South Africa along with 17 other countries across Africa is indicative of Link-Belt’s commitment to strengthening its presence in the local market,” said Link-Belt Cranes Near East... 

Japanese pneumatics expert establishes local subsidiary

     17th July 2015 In a quest to expand its global operations, Tokyo-based pneumatics and industrial automation component technology company SMC Corporation Japan in March established a new subsidiary in Johannesburg, South Africa. The company says the creation of SMC Pneumatics South Africa will grant companies in... 

Budget acknowledges importance of resources to Australian economy

By: Esmarie Swanepoel     13th May 2015 Federal Treasurer Joe Hockey has given kudos to the resources industry for supporting the country’s economy, a move that has been welcomed by industry bodies across the country. Announcing the federal Budget in Parliament on Tuesday evening, Hockey said that Australia’s iron-ore exports to China... 

Mitsui cuts zinc premiums for first time in 6 years as China exports rise

By: Reuters     2nd March 2015 Japan's biggest zinc smelter, Mitsui Mining and Smelting, has slashed its annual premiums to overseas buyers for 2015 by around 10%, marking the first cut in six years as rising exports by top user China spill into the region. Premiums are a surcharge paid to producers on top of futures prices to... 

On-The-Air (24/10/2014) 

By: Martin Creamer     24th October 2014 Diamond miner De Beers is putting R30-million a year behind its relentless search for the next big South African diamond mine 

State

By: Alida Odendaal     18th July 2014 Tender work arising from state contracts 

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