http://www.miningweekly.com
R/€ = 15.84 Change: -0.12
R/$ = 13.95 Change: -0.12
Au 1280.70 $/oz Change: 1.74
Pt 788.55 $/oz Change: -10.48
 

Topic

Weba Chute Systems

Updated 7 hours ago Effective transfer of materials in chutes is a pressing issue for all mines. With the spotlight firmly on increasing productivity through more effective discharge of materials, coupled with minimising downtime and maintenance, solutions are critical to sustainability. With over 4 000 transfer... 

There's a golden shelter from recession risks at these mines

By: Bloomberg     Updated 7 hours ago There’s a better potential haven than gold for investors spooked by the risk of a recession this year – mid-sized producers who’ve outperformed both bullion and the rest of the mining industry. Companies including Canada’s Kirkland Lake Gold and Australia’s Northern Star Resources have scope to... 

Canadian oil surge fails to lift producers out of the doldrums

By: Bloomberg     21st January 2019 Alberta’s crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil. But for shares of energy companies, it hasn’t been as much of a help. Since the production curtailment was unveiled early last month, Western Canadian Select crude has almost doubled to about $43 a... 

Three named to En+ voting trust as Deripaska looks to reduce stakes

By: Reuters     18th January 2019 Russian conglomerate En+ Group on Friday named three Americans who will form a voting trust to help Oleg Deripaska reduce his stake in the company in exchange for a waiver from US sanctions. Deripaska has agreed to reduce his stake in London-listed En+ to 44.95% from 70% and assign any voting... 

IEA sees oil demand growth defying economic slowdown for now

By: Bloomberg     18th January 2019 Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the International Energy Agency. “We have seen prices fall very significantly since the peak at the beginning of October, and that is... 

UGL wins A$200m in service contracts

By: Esmarie Iannucci     18th January 2019 Project house CIMIC Group was expecting to generate revenue of around A$200-million from a range of new maintenance and service contracts in the Australian oil and gas sector. CIMIC on Friday reported that its subsidiary UGL had secured a maintenance and turnaround services contract with US... 

Cochilco keeps 2019 copper forecast at $3.05/lb amid trade war, Brexit

By: Reuters     18th January 2019 Chile's Cochilco state copper commission on Thursday maintained its average price prediction of $3.05/lb for 2019, rising to $3.08 for 2020, amid the continuing US-China trade war and further potential volatility because of Brexit. Cochilco said it saw production at 5.941-million tonnes for... 

Rio Tinto’s copper output, iron-ore shipments rise

By: Esmarie Iannucci     18th January 2019 Diversified major Rio Tinto has reported higher iron-ore and copper production for the quarter ended December, with other commodities remaining stable. “We delivered a solid operational performance in the final quarter of 2018, in particular across our copper assets,” said Rio CEO Jean-Sebastian... 

SA company wins international award for ventilation shaft repair and waterproofing

By: Nadine James     18th January 2019 On the November 9, 2018, for the first time in more than two decades, a South African company won the Award of Excellence at the International Concrete Repair Institute Awards, which took place in Omaha, Nebraska, in the US. The Award of Excellence was presented to Sanika Waterproofing... 

Palladium hurtles through $1 400 as breakneck rally continues

By: Bloomberg     17th January 2019 Palladium rocketed through $1 400/oz the first time, extending its precipitous rally despite signs that global vehicle sales are slowing. The precious metal, primarily used in the auto industry for catalytic converters, has surged more than 65% since the middle of August. The bull run has been... 

Sibanye adds global experience to safety panel 

By: Marleny Arnoldi     17th January 2019 JSE- and NYSE-listed precious metals miner Sibanye-Stillwater has established a Global Safe Production Advisory Panel, after identifying the need for an additional safety initiative in 2018. The panel consists of a group of leading academics and is chaired by Sibanye group safety head Dr Kobus... 

GOP senate backs end to sanctions on firms tied to Putin ally

By: Bloomberg     17th January 2019 The Senate blocked a Democratic bid to force the Treasury Department to keep sanctions on three Russian companies linked to oligarch Oleg Deripaska, as most Republicans backed the Trump administration’s plan to lift the penalties. The 57-42 Senate vote Wednesday was three short of the 60 needed... 

Alcoa beats profit estimates on strength in alumina segment

By: Reuters     17th January 2019 Top US aluminum producer Alcoa Corp beat Wall Street estimates for quarterly profit on Wednesday, buoyed by strength in its alumina segment, but shares slipped after the company did not provide a closely watched profit measure for the full year. The company's shares were down 1.6% in extended... 

Ford, IBM among quartet in Congo cobalt blockchain project

By: Reuters     16th January 2019 Carmaker Ford, technology giant IBM, South Korean cathode maker LG Chem and China's Huayou Cobalt have joined forces in the first blockchain project to monitor cobalt supplies from Democratic Republic of Congo. The pilot, overseen by responsible-sourcing group RCS Global, aims to help... 

Senate advances measure to keep sanctions on Deripaska companies

By: Bloomberg     16th January 2019 The Senate advanced a resolution to block the Treasury Department from lifting sanctions on three Russian companies linked to oligarch Oleg Deripaska, with 11 Republicans aiding Democrats in a rare split with President Donald Trump. The 57-42 vote to take up the measure Tuesday came shortly... 

Sibanye banks on US mines, high palladium price as South African strike spreads 

By: Marleny Arnoldi     15th January 2019 In response to the Association of Mineworkers and Construction Union’s (AMCU’s) secondary strike action announcement, Sibanye-Stillwater CEO Neal Froneman on Tuesday said the company had been preparing its local platinum operations for this outcome and had contingency plans in place. AMCU on... 

Goldman models risk of 1 000 basis point Eskom blowout for South Africa  

By: Reuters     15th January 2019 Investment bank Goldman Sachs said South Africa's rand could tumble 3.5% if State-run power utility Eskom suffers a major sell-off in its bonds, but it could also jump 4.5% if the firm's troubles improve. Goldman's analysts said an Eskom risk gauge used by the bank was now close to its most... 

Argentina set to join global mining transparency initiative

By: Reuters     15th January 2019 Resource-rich Argentina is expected to join the international transparency standard for managing oil, gas and mineral resources, the Extractive Industries Transparency Initiative (EITI) said on Monday, which could make it more attractive for investors. The global initiative, launched by... 

Newmont deal for Goldcorp erodes Canada's gold clout further

By: Bloomberg     15th January 2019 Canada’s influence on the global mining industry appears to be shrinking by the day. Perhaps stung by the nationalistic backlash against Barrick Gold Corp's merger with Randgold Resources, Newmont Mining devoted a big chunk of its news release Monday explaining how its $10-billion offer for... 

Newmont's Goldcorp gamble may need 'drastic surgery' to work

By: Bloomberg     15th January 2019 The cost to create the world’s largest gold company: A 17% premium for a $10-billion all-shares acquisition that faces some big-time challenges down the line. Newmont Mining’s deal for Goldcorp stands in stark contrast to the recent zero-premium merger between Barrick Gold and Randgold... 

AMCU to strike at Sibanye’s platinum operations from Jan 22 

By: Marleny Arnoldi     14th January 2019 The Association of Mineworkers and Construction Union (AMCU) on Monday confirmed it would embark on secondary strike action at Sibanye-Stillwater’s platinum operations in South Africa from January 22. This is in support of the strike at Sibanye’s gold operations on the West Rand and in the Free... 

Hydrogen leap needed to aid platinum’s future 

By: Martin Creamer     11th January 2019 A South African decision to step firmly into the hydrogen age, like so many other countries are doing, has great potential benefit for the country. Because South Africa has better combined solar and wind resources than just about any other country, it is well positioned to generate hydrogen using... 

Capstone delivers on FY18 copper output guidance

By: Simone Liedtke     11th January 2019 TSX-listed Capstone Mining produced 155.2-million pounds of copper in 2018, in line with expectations, and has set its 2019 output guidance at between 145-million and 160-million pounds of copper at a C1 cash cost of between $1.80/lb and $2/lb. During this year, the Canadian base metals miner... 

World Gold Council believes gold will become more relevant in 2019

By: Simone Liedtke     10th January 2019 The World Gold Council (WGC) has said it believes gold will become even more relevant this year owing to “its proven record” for delivering returns, its low correlation to major asset classes, its liquidity and its risk-adjusted returns. Looking ahead, the council expects gold demand to benefit... 

Oil near one-month high amid Opec cuts, economic uncertainty

By: Bloomberg     10th January 2019 Oil traded near a one-month high after entering a bull market, while the tension between an uncertain economic outlook and efforts by Opec to restrict supplies continued to cause volatile trading. West Texas Intermediate slipped 0.5% after a rally on Wednesday brought crude’s rebound from an... 

Value-chain relationship rebuild essential for platinum group metals’ survival – Ritchken 

By: Martin Creamer     10th January 2019 The rebuilding of key strategic relationships across the value chain of the platinum group metals (PGMs) sector is essential for the survival of the industry, Mining Phakisa coordinator Edwin Ritchken states in the book The Future of Mining in South Africa: Sunset or Sunrise, published by the... 

Sibanye reports good PGMs performance, but gold output falls amid strike 

By: Simone Liedtke     10th January 2019 JSE- and NYSE-listed Sibanye-Stillwater on Thursday said its South African platinum group metals (PGMs) operations continue to do well, with the miner expecting its platinum, palladium, gold and rhodium (4E) PGMs production for 2018 to be about 1.17-million ounces. In a statement detailing... 

Democrats ask for delay in easing sanctions linked to Deripaska

By: Bloomberg     9th January 2019 Seven new Democratic chairmen of House committees demanded Tuesday that Treasury Secretary Steven Mnuchin hold off on the planned easing of sanctions against three companies tied to Russian billionaire Oleg Deripaska. “As the chairs of committees with oversight jurisdiction over the US response... 

Sunrise Resources raises £350 000

By: Tasneem Bulbulia     9th January 2019 Aim-listed Sunrise Resources has raised £350 000 before expenses, through a conditional placing of 291.67-million shares at a price of 0.12p apiece, representing a discount of about 14% to the closing mid-market price on January 8. The net funds raised will be applied primarily to the company’s... 

Indonesia forecasts drop in Grasberg copper concentrate exports in 2019

By: Reuters     9th January 2019 Copper concentrate exports from Indonesia's Grasberg mine, the world's second-largest copper mine, are forecast to plunge this year because of a lag in output as operations move from open pit to underground mining, a government official said on Wednesday. In 2019, copper concentrate exports are... 

Gold treads lower on improved risk appetite; palladium at record high 

By: Reuters     9th January 2019 Gold prices edged lower on Wednesday as a likely end to a long-drawn Sino-US trade war boosted risk sentiment, outweighing expectations of a pause in interest rate increases by the Federal Reserve. Meanwhile, palladium hit a record high at $1 340.50 an ounce during the session. 

India’s plans for a natural gas trading hub in limbo

By: Ajoy K Das     9th January 2019 Having missed the December deadline to establish a national gas trading hub, India is unlikely to push ahead with its plans in the immediate future without solving the vexed issue of unbundling operations of State-run natural gas infrastructure owner and marketer GAIL India. The Petroleum and... 

BP awaits BHP decision on Atlantis spend

By: Esmarie Iannucci     9th January 2019 Energy giant BP has approved a $1.3-billion expansion of its Atlantis field, in the Gulf of Mexico. The Atlantis Phase 3 development will include the construction of a new subsea production system from eight new wells that will be tied into the current plantform, off the US coast. 

Global gold-backed ETF holdings grew 3% in 2018 – World Gold Council

By: Simone Liedtke     8th January 2019 Global gold-backed exchange-traded funds (ETFs) grew by 3% in 2018, and were driven by strong growth in European funds and increased global inflows during December, the World Gold Council’s monthly gold ETF/exchange-traded product (ETP) report, published on Tuesday, shows. This, the report... 

Copper demand to outstrip production – Fitch

By: Tasneem Bulbulia     7th January 2019 Fitch Solutions Macro Research, a unit of Fitch Group, expects the global copper market will see a persistent undersupply over the coming years, as global consumption, driven by China’s power and infrastructure sectors and increasingly by rising electric vehicle production, continues to outpace... 

Congolese mining company leaves ITSCI certification scheme over cost

By: Reuters     7th January 2019 Congo's biggest miner of coltan, an ore that is the source of metals used in mobile phones, says it is leaving the ITSCI certification scheme, relied on by major companies as a guarantee that minerals are free from human rights abuses. Societe Miniere de Bisunzu (SMB), has given 30 days notice to... 

If you can't pipe it, refine it: Alberta seeks oil glut solution

By: Bloomberg     7th January 2019 What’s worse: Too much oil, or too much gasoline? The government of Alberta, weighing the potential of a new refinery for the province, may be on its way to finding out. In 2018, surging crude production in the Canadian province ran into limited space on export pipelines, creating bottlenecks and... 

Australia warns of 'double whammy' risks to commodities outlook

By: Bloomberg     21st December 2018 Commodities are at risk from a “double whammy” of rising trade tensions and a substantial slowdown in global growth, the Australian government warned, as increasing uncertainty threatens to hinder record exports from the raw materials powerhouse. While Australia’s resources and energy shipments... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

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
Close