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Acacia fails to change Barrick’s view on mine plans 
By: Mariaan Webb 26th June 2019 London-listed Acacia Mining’s near-5 000-word rebuttal of claims by its parent company over mine plans for its gold operations in Tanzania has failed to change Barrick Gold’s view. The Toronto-headquartered miner, which is trying to buy out minority shareholders in Acacia without paying a... →
Omnia to restructure as it seeks to reduce overextended balance sheet
By: Schalk Burger 25th June 2019 Diversified chemicals group Omnia will, over the next two years, focus on improving the profit margins of its companies’ services and products, ensuring that its assets and investments deliver value, as well as on pursuing international expansion of intellectual property-based businesses that... →
India plans incentives for oil, natural gas E&P investors
By: Ajoy K Das 24th June 2019 The Indian government is planning to frame an incentive policy for oil and natural gas exploration and production (E&P) companies. The new policy will incorporate some of the financial incentives discontinued earlier, and the sops extended to E&P companies, even if they fail to bring exploratory... →
Award winning software company ESS Engineering Software Steyr poised to make its mark at Mining Investment London Conference
20th June 2019 Mining Investment London Conference and Exhibition www.mininginvestmentlondon.com, part of the global Mining Investment Conference Series. will be returning to London for the 3rd time from 19 – 20 Sep 2019 and ESS Engineering Software Steyr, an award-winning global software company based in... →
Indian aluminium producers seek protection measures
By: Ajoy K Das 18th June 2019 Ahead of India’s national Budget to be presented before Parliament next month, aluminium producers are seeking a slew of protection measures. Aluminium Association of India is seeking an increase in import duty on finished aluminium from 10% to 12.5%, considering that the domestic industry was... →
India national Budget likely to scrap import duty on LNG
By: Ajoy K Das 18th June 2019 The Indian government is considering scrapping an import duty on liquefied natural gas (LNG) in the forthcoming Budget to be presented before Parliament next month. Government officials say that the Petroleum and Natural Gas Ministry has made a strong pitch for reducing the current LNG import... →
QRC warns of higher gas prices
By: Esmarie Iannucci 17th June 2019 The Queensland Resources Council (QRC) has warned that the 2.5% increase in gas royalties would likely be passed on to consumers, as Premier Annastacia Palaszczuk fended off calls to delay the royalty hike. “It was a Labor government that set up the liquefied natural gas (LNG) industry in this... →
On-The-Air (14/06/2019) 
By: Martin Creamer 14th June 2019 South Africa’s first electricity-from-the-sea project is under way in the Western Cape; South Africa is being urged to champion the electric car – to put an end the vast sums of money that leave the country to pay for imported petroleum; and Mineral exploration in the Northern Cape is putting... →
Rio Tinto’s AutoHaul brings freight rail into 21st century
By: Esmarie Iannucci 14th June 2019 Mining major Rio Tinto on Friday officially rolled out its $940-million AutoHaul rail technology programme, marking the world’s first automated heavy-haul long distance rail network. Rio’s 2.4 km-long trains, running a network of 1 700 km of track, has now safely travelled more than 4.5-milion... →
QRC hoping for a stay on gas tax
By: Esmarie Iannucci 14th June 2019 The Queensland Resources Council (QRC) has called on the Queensland government to delay the 2.5% increase in gas royalties until January 2020. During the state Budget earlier this week, the government revealed a surprise hike in the petroleum royalty rake, taking it from 10% to 12.5% with the... →
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