R/€ = 20.11 Change: -0.13
R/$ = 18.42 Change: -0.19
Au 1594.81 $/oz Change: -1.89
Pt 723.55 $/oz Change: 2.11


Covid-19 to further weaken US coal demand in an already diminishing market

By: Marleny Arnoldi     27th March 2020 US domestic demand for thermal coal will fall during the second quarter of the year as individual states shut down much of the industrial economy to try and stem the spread of Covid-19. This is according to Moody’s Investors Service, which states that, in broader terms, the global economy will... 

Transnet scales back to only essential services, operations

By: Simone Liedtke     27th March 2020 In line with government’s implementation of a three-week lockdown of the country to reduce the spread of the Covid-19 virus, State-owned entity Transnet will be scaling down its transportation services and operations of non-essential cargo during this period. After consultation with various... 

Mines labelled as critical to Qld economy amid Covid-19

By: Esmarie Iannucci     19th March 2020 The Queensland Resources Council (QRC) has welcomed measures announced by the state government to protect the economy, as both state and federal governments classified mining as an ‘essential service’. “As an industry, we are following the advice of health authorities to minimise the impact on... 

No immediate power tariff impact, but first court ruling portends material future hikes 

By: Terence Creamer     13th March 2020 The Eskom tariff increase for 2020/21 tabled before lawmakers this week provides no scope for any further hikes this year beyond those already sanctioned for April 1 by the National Energy Regulator of South Africa (Nersa) in previous price determinations and regulatory clearing account (RCA)... 

Investors flee Canada's stock market on worst day in 80 years

By: Bloomberg     13th March 2020 Canadian stocks suffered a stunning 12% drop, the largest in eight decades, as investors size up the likelihood of a global recession because of the coronavirus pandemic. The S&P/TSX Composite Index had its biggest one-day decline since May 1940, according to data compiled by Bloomberg. The 230... 

Copper Mountain changes plans as market tumbles

By: Esmarie Iannucci     10th March 2020 Dual-listed Copper Mountain Mining has revised its mine plan and project schedule for its Copper Mountain mine, in British Columbia, deferring a $22-million capital spend in response to current market conditions and near-term copper uncertainty as a result of the Coronavirus. ASX- and... 

IoT to significantly reshape supply chains

By: Creamer Media Reporter      9th March 2020 The integration of artificial intelligence and the Internet of Things (IoT) will drive the commercial adoption of blockchain, a complementary technology that has the potential to significantly reshape industries. This is considering its ability to lower costs, reduce transaction settlement times... 

Death of coal financing is exaggerated as China steps up

By: Bloomberg     9th March 2020 Moves by some of the world’s biggest banks to end coal financing for the sake of the planet was supposed to create major headaches for companies like Whitehaven Coal. Yet there was the Australian miner on a conference call last month announcing the refinancing and extension of a A$1-billion... 

Weir Minerals launches three new LEWIS® pumps to significantly expand market-leading product line

By: Creamer Media Reporter      28th February 2020 New Lewis® VL Axial Pump, Lewis® Horizontal Process Pump and Lewis® Vertical High Pressure Molten Salt Pump combine efficient engineering, unmatched pump performance and the outstanding wear life of the famous Lewmet® nickel-chrome alloy. Weir Minerals would like to announce three new additions... 

Vanadium One Iron outlines plan for high-grade Quebec iron project

By: Mariaan Webb     28th February 2020 The recently completed preliminary economic assessment (PEA) for the Mont Sorcier iron and vanadium project is supporting TSX-V-listed Vanadium One Iron Corp’s vision for a mine near Chibougamau, Quebec. Announcing the results of the PEA on Thursday, the company said that the study outlined a... 

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