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Aus/US ink petroleum agreement
By: Esmarie Iannucci 3rd June 2020 The Australian government on Wednesday said that the formal inking of the US/Australia Strategic Petroleum Reserve Lease Agreement was part of the government’s actions to shore up fuel security in Australia and to enhance its ability to withstand global shocks. The agreement will allow Australia... →
PTM to raise $2m for Waterberg project
By: Marleny Arnoldi 3rd June 2020 TSX- and NYSE-listed Platinum Group Metals (PTM) plans to undertake a private placement to raise $2-million, through the sale of about 1.4-million shares at $1.40 apiece. An existing major shareholder of the company, Hosken Consolidated Investments, is expected to participate in the private... →
Moody's sees US coal miners' earnings halve this year
By: Mariaan Webb 2nd June 2020 The outlook for the North American coal industry remains negative and earnings for coal miners could fall by more than 50% this year, says Moody’s Investor Service. The ratings agency says the coronavirus pandemic has worsened the outlook for the sector. "Domestic demand for thermal coal for... →
Minister urges mines to test without fear of mine closure 
By: Martin Creamer 29th May 2020 Mineral Resources and Energy Minister Gwede Mantashe on Friday urged mines to test for Covid-19 to the full extent without fearing mine closure. The Minister was responding to a media question on the steps the Department of Mineral Resources and Energy (DMRE) was taking to end the backlog of... →
ELB shareholders vote in favour of Australian business disposal
By: Marleny Arnoldi 26th May 2020 JSE-listed capital equipment and solutions provider ELB Group will proceed with selling its Australian business, after a majority of shareholders voting in favour of the disposal. The company hosted a general meeting on May 25 for shareholders to vote on the proposed disposal of ELB Australia. →
Avoid extended downtime due to inadequate preparation prior to start-up after lockdown
By: Creamer Media Reporter 8th May 2020 Evaluate the risk the shutdown posed to Critical Electrical Equipment (CEE) before you start up your plant after lockdown. During normal circumstances, a plant shutdown is a thoroughly planned event where several processes are precisely orchestrated to take equipment out of service, maintained... →
BP mulls green hydrogen in Australia
By: Esmarie Iannucci 8th May 2020 Energy major BP Australia has been awarded A$1.71-million in funding from the Australian Renewable Energy Agency (ARENA) to assess the feasibility of building a renewable hydrogen and ammonia production facility in Geraldton, Western Australia. BP is undertaking a A$4.42-million feasibility... →
Australian mineral exports climb despite pandemic
By: Esmarie Iannucci 7th May 2020 The latest data by the Australian Bureau of Statistics (ABS) has shown the resilience of some of Australia’s key resource exports, as the Covid-19 pandemic continues. The ABS on Thursday reported that metal ore and mineral exports increased by 32% in March, or some A$2.8-billion, while other... →
Coal snags $31m in US stimulus loans for small business
By: Bloomberg 6th May 2020 Stimulus loans meant to help small businesses hurt by the coronavirus pandemic are being doled out to coal companies, stoking criticism from environmentalists that the Trump administration is using the aid to help a preferred industry that was already in financial trouble. The US Small Business... →
Woodside predicts two year low oil price
By: Esmarie Iannucci 1st May 2020 Oil and gas major Woodside has warned shareholders that the low oil price environment could persist for the next two years. Speaking during the company’s annual general meeting, CEO Peter Coleman noted that the oil and gas industry had been confronted not only by the challenges presented by the... →
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