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Rio Tinto must face SEC suit over Mozambique coal assets

By: Bloomberg     19th March 2019 Rio Tinto Group must face a US Securities and Exchange Commission (SEC) lawsuit over the company’s valuation of coal assets in Mozambique, a federal judge ruled. US authorities in October 2017 filed fraud charges against London-based Rio Tinto, former CEO Tom Albanese and former CFO Guy... 

Alrosa wants controlling stake to mine in Zimbabwe

By: Reuters     18th March 2019 Russian State-controlled miner Alrosa will assess the quality of Zimbabwe's diamond reserves over the next six months but would only start mining if it can take a majority stake in such a project, the company's chief executive said on Monday. Zimbabwe is seeking to attract investment and has... 

Opec+ affirms commitment to oil cuts, defers decision to extend

By: Bloomberg     18th March 2019 Saudi Arabia led fellow members of the Opec+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. A committee of the most influential members in the 24-nation alliance, which includes Russia, Iraq and the... 

The coal miner who bet everything on US power markets and lost

By: Bloomberg     18th March 2019 Eleven years ago, Cloud Peak Energy made an all-or-nothing bet its rivals were unwilling to match: that coal would remain indispensable to the US power sector. That gamble has now pushed it to the brink of bankruptcy. 

Botswana's Debswana targets diamond output of 24m carats in 2019

By: Reuters     15th March 2019 Botswana's Debswana Diamond Mining, a joint venture between De Beers and the southern Africa country's government, aims to keep production at around 24-million carats this year, its managing director said on Friday. Debswana lifted diamond output by 6 percent to a four-year high of 24.1-million... 

Solutions provider supplies granulators for upcoming mine

By: Halima Frost     15th March 2019 Solutions provider TAKRAF Africa, part of the global TAKRAF group, supplied two coal granulators towards the end of 2018 for a project to be commissioned in October this year, as part of the coal handling and preparation plant for a new mine in Mpumalanga, South Africa. The 660-mm-diameter... 

Policy safeguards suppliers and service providers in mining industry

By: Khutso Maphatsoe     15th March 2019 The predominant policy that should be in place regarding the relationship between suppliers and service providers is an anti-bribery and corruption policy, says legal services company ProEthics founder, Dr Janette Minnaar-van Veijeren. An anti-bribery policy and framework demonstrate a company’s... 

Coal will continue to be key resource for decades

15th March 2019 In its annual World Energy Outlook 2018, the International Energy Agency (IEA) forecasts that coal will remain the largest single source of electricity generation through to 2040, at 26% of global electricity.  Renewables will have a role to play as future energy sources for the country, region... 

Advantage Lithium replaces CEO in wake of college admissions scandal

By: Reuters     14th March 2019 Advantage Lithium said on Thursday it has temporarily replaced CEO David Sidoo after he was arrested last week by US. authorities as part of a sweeping college admissions scheme. The company, which is developing a lithium project in Argentina, has named board member Callum Grant as its interim... 

Fiat recall leaves palladium buyers bracing for 'supply shock'

By: Bloomberg     14th March 2019 Fiat Chrysler Automobiles’s recall of almost 900 0000 gasoline-fueled vehicles could spur additional demand for the palladium market that’s already reeling from shortages. Replacing the catalytic converters in these vehicles would require an additional 77 000 oz of palladium, said Miguel... 

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