http://www.engineeringnews.co.za
R/€ = 15.61 Change: -0.02
R/$ = 13.71 Change: -0.02
Au 1291.76 $/oz Change: 1.47
Pt 810.64 $/oz Change: 8.49
 

Reuters

Chile copper output to jump by 30% in 10 years – report

8th January 2019 Chile's copper production could jump by nearly 30% over the next ten years, Chile’s state copper agency Cochilco said on Monday. Cochilco said in a report that output from Chile, the world's top producer of the red metal, could reach a record of 7.25-million tonnes as early as 2025. 

EBRD extends €25m loan to copper producer Sofia Med

7th January 2019 The European Bank for Reconstruction and Development (EBRD) has extended a €25-million ($28.6-million) loan to Bulgarian copper producer Sofia Med, unit of Greek Elvalhalcor, the bank said on Monday. Several banks are extending parallel financing as part of a €85-million long-term joint financing... 

Chilean lithium exports continue rise, to $949m in 2018 – central bank

7th January 2019 Chile’s exports of lithium carbonate reached $949-million in 2018 compared to $686-million the previous year as demand and prices for the key component in electric vehicle batteries continues to rise, the central bank said on Monday. The value of exports of the metal from Chile reached... 

Congolese mining company leaves ITSCI certification scheme over cost

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... 

Denmark plans business hub on 9 new islands near Copenhagen

7th January 2019 Denmark has proposed constructing nine islands in the sea just south of Copenhagen to create more space for businesses, a spokesman for the business ministry said on Monday. The islands could be fully functional by 2040 and the government expects them to attract up to 380 new businesses and... 

Zambia Vedanta unit halts operations at underground mine on tax concerns

6th January 2019 Zambia's Konkola Copper Mines (KCM), majority owned by Vedanta Resources, suspended operations at its Nchanga mine following the introduction of an import duty on copper concentrates, the company said. Zambia, Africa's No.2 copper producer, introduced new mining duties, increased royalties and... 

At least 30 gold miners killed in tunnel collapse in northern Afghanistan

6th January 2019 At least 30 Afghans were killed on Sunday when the tunnel they were digging in to mine gold in northern Afghanistan collapsed, officials said. Officials said the victims were villagers who were mining for gold illegally, rather than in a government project. 

Decline in South Africa's private sector eases, fanning recovery hopes – PMI

4th January 2019 South Africa's private sector activity contracted for the sixth month in a row in December as both output and new orders fell further while purchases also dropped, though the overall rate of decline eased, a survey showed on Friday. The Purchasing Managers' Index (PMI), compiled by IHS Markit,... 

Total starts production at Nigeria's deepwater Egina oilfield

4th January 2019 Total SA said on Wednesday it had started production from the Egina oilfield off Nigeria's coast, part of a shift by the French energy firm towards deepwater oil and gas projects to its drive cashflow. Output from Egina, which is located in waters about 1 600 m deep, is expected to plateau at... 

Zambia says mines have failed to show impact of higher taxes

4th January 2019 Mining companies operating in Zambia have failed to show how higher taxes introduced this year will affect their profitability despite objecting to the new framework, a senior government official said on Thursday. The country, Africa's second-largest copper producer, increased its sliding scale... 

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
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 Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close