R/€ = 14.80 Change: -0.03
R/$ = 12.02 Change: -0.06
Au 1341.36 $/oz Change: -11.43
Pt 932.00 $/oz Change: -18.81


As coal use wanes, US miners depend on foreign buyers, steel  

By: Bloomberg     8th March 2018 It keeps getting harder to sell coal in the US US miners are forecast to cut production 4.7% in 2018 as electricity generators shift increasingly to natural gas and renewable energy, according to the US Energy Information Administration. The expected total of 736.3 million short tons would be the... 

SA company exploring nuclear, other opportunities abroad

By: Nadine James     2nd March 2018 South Africa-based engineering, procurement and construction (EPC) company Lesedi Nuclear Services’ current plans surrounding diversification into biomass, waste-to-energy and gas projects as well as its targeted geographical expansion is supported by the company’s niche expertise in bespoke... 

As Trump sings coal's praises, mine fatalities are on the rise

By: Bloomberg     4th August 2017 Ray Hatfield Jr. was six months into his latest coal job when he was crushed to death in a Kentucky mine. Hatfield, a 23-year industry veteran, was cleaning a conveyor belt that shuttled coal to the surface of the Appalachian mine on the morning of Jan. 26. When his clothing got caught, he was... 

Civil air cargo version of the Super Hercules transport makes first flight

By: Keith Campbell     9th June 2017 The civilian version of the Lockheed Martin C-130J Super Hercules military airlift aircraft, the LM-100J, made its maiden flight on May 25, the company announced on the same day. This first flight was from the company’s plant at Marietta in the US State of Georgia, and during it the aircraft... 

Aspiring South African space cadet receives US space exposure

By: Dylan Slater     28th April 2017 Engineering services and aerospace systems company Honeywell recently hosted Eastern Cape resident Matthew Arnolds at its yearly aerospace training initiative, the Honeywell Leadership Challenge Academy.  

Regency Mines to enter JV over US coal project

By: Megan van Wyngaardt     16th March 2017 Aim-listed Regency Mines has entered a memorandum of agreement with US-based First Coal, led by Stephen Moscicki, to jointly develop a 6 500-acre metallurgical coal property in Alabama, in the south-eastern US. Under the terms of the agreement, Regency will conduct due diligence on the property... 

Yellen can't halt Trump gold rally that funds bet against

By: Bloomberg     20th February 2017 They should’ve had more faith. Hedge funds reduced their wagers on a bullion rally for the first time in three weeks, just before prices neared a two-month high and capped a third straight week of gains. Not even Federal Reserve Chair Janet Yellen’s outlook for higher US interest rates has been... 

Greatest skeptics of coal surge may be the miners themselves

By: Bloomberg     12th October 2016 Surging coal prices have been a surprise blessing for mining companies this year. Few of them seem to believe it will last. The rally has been driven by Chinese policy changes that curbed production rather than any pickup in demand. That means producers who sought to survive a downturn by... 

Conuma Coal buys Walter Energy’s Canadian assets

By: Henry Lazenby     10th September 2016 The court-approved sale of Walter Energy Canada’s three Canadian mines to Conuma Coal Resources, a member of the ERP Group of Companies, has closed. Conuma intends to resume mining operations at the Brule mine in the near future and may resume operations at the Wolverine and Willow Creek mines in... 

Redstone Arsenal US Army solar power plant project, US

By: Sheila Barradas     22nd July 2016 The project involves the construction of a 10 MWdc photovoltaic solar power plant that is expected to generate up to 18 000 MWh a year. 

Alabama inks nondisclosure accords with US Department of Defence equipment makers

By: Henry Lazenby     18th July 2016 Project developer Alabama Graphite (AGC) on Monday revealed that it had signed six nondisclosure agreements (NDAs) with manufacturers of equipment for the US Department of Defence (DoD). The agreements were meant to spur discussions and the due diligence evaluation of samples of AGC’s US-sourced... 

BP ordered to pay $20bn over 2010 oil spill

By: News24Wire      6th April 2016 A federal judge in the US state of Louisiana has granted final approval to an estimated $20bn settlement over the 2010 BP oil spill in the Gulf of Mexico, resolving years of litigation over what caused one of the biggest ever environmental disasters. The settlement, first announced in July last... 

Low commodity prices changing traditional M&A deal making, as value, volume drop

By: Henry Lazenby     21st March 2016 Low commodity prices are having a big impact on merger and acquisition (M&A) activity, owing to playing such a critical role in determining deal values, professional services firm KPMG partner Jamie Samograd, who focuses on mining in the deal advisory practice, tells Mining Weekly Online.... 

Alabama Graphite reports successful testing of US-produced CSPG

By: Henry Lazenby     19th January 2016 The stock of TSX-V-listed Alabama Graphite Corp (AGC) on Tuesday traded in positive territory, boosted by a company report that it has completed successful downstream lithium-ion battery tests on its coated spherical purified graphite (CSPG). The Toronto-based firm had produced CSPG in the US... 

Alabama Graphite banks on coated spherical graphite as company differentiator

By: Henry Lazenby     15th January 2016 Canadian project developer Alabama Graphite Corp (AGC) has high hopes to cash in on the burgeoning North American green-energy market, as it plans to provide a ‘made-in-US’ solution to the growing domestic lithium-ion battery market. Focused on the exploration and development of its flagship... 

Walter Energy’s senior lenders form company to buy Alabama assets

By: Henry Lazenby     6th November 2015 Bankrupt coal company Walter Energy has agreed to sell its Alabama assets to a new company formed by its senior lenders. Under the terms of the asset purchase agreement, Walter would receive $5.4-million in cash. The agreement also contemplated a $1.25-billion credit bid of existing indebtedness... 

Subsea decommissioning and installation project, US Gulf of Mexico

By: Sheila Barradas     17th July 2015 The project involves the decommissioning of the brownfield development and installation of new subsea equipment supporting a floating production system. 

Walter Energy strikes Chapter 11 restructuring deal with senior lenders

By: Henry Lazenby     15th July 2015 US coal company Walter Energy has reached a restructuring agreement with its senior lenders under Chapter 11 bankruptcy protection. Coal miners across the globe had, since 2011, been dealing with falling coal prices, a global supply glut and competition from cheap natural gas, which had forced... 

Climate change beanfest

By: Terry Mackenzie-hoy     23rd January 2015 The debate about climate change grows acrimonious. On the side of those who hold that climate change is a real possibility are politicians, students, ex-Table Mountain tourist guides, academics and others. On the side of those who hold that climate change is not a possibility are politicians,... 

Cliffs Natural sells W Virginia coal asset to Coronado Coal for $175m

By: Henry Lazenby     3rd December 2014 US iron-ore and coal producer Cliffs Natural Resources expects to record a loss in the range of about $375-million to $425-million on a pre-tax basis in the fourth quarter after agreeing to sell its Logan county coal assets, in southern West Virginia, to Coronado Coal II for $175-million in cash,... 

Walter Energy shares fall despite beating expectations

By: Henry Lazenby     30th October 2014 The NYSE-listed stock of coal miner Walter Energy in early trading on Thursday morning fell by as much as 13%, despite the company reporting better-than-expected results for the quarter ended September 30. Birmingham, Alabama-based Walter reported a net loss of $98.9-million, or $1.48 a share,... 

Winners announced at South African school’s premier food gardening and greening competition

     16th October 2014 EduPlant, South African school’s premier food gardening and greening competition, today announced the winning schools across five categories. The EduPlant programme teaches schools to implement permaculture principles to grow gardens that are used to achieve food security for schools and their... 

Kodiak field development project, US

By: Sheila Barradas     10th October 2014 The project involves the development of the Kodiak field, located in Mississippi Canyon Blocks 727 and 771, in the Gulf of Mexico. 

Walter Energy launches $320m secured notes offering

By: Henry Lazenby     8th July 2014 Indebted coal producer Walter Energy on Tuesday launched a private offering of $320-million of 9.5% senior secured notes due in 2019. The Birmingham, Alabama-based company planned to issue the notes as a follow-on to the $450-million aggregate principal amount of its 9.5% senior secured notes due... 

Attila goes underground at Kodiak

By: Esmarie Swanepoel     23rd June 2014 Coal hopeful Attila Resources has gained entry into the underground workings at the historic Coke No 1 mine, in the US, after receiving approval from the Mining Safety and Health Administration. The Coke No 1 mine in Alabama was placed on care andmaintenance at the end of 2008, and forms part of... 

Emergency boiler keeps cold out

     6th June 2014 US-based emergency rental boiler and auxiliary equipment company Nationwide Boiler Incorporated assisted in keeping more than 125 buildings warm during the past winter season, in Midwest US. 

Walter Energy sells coal terminal to Alabama Port Authority

By: Henry Lazenby     2nd May 2014 Struggling coal producer Walter Energy on Friday announced that it had agreed to sell its Blue Creek Terminal, at the Port of Mobile, to the Alabama State Port Authority. The Port Authority would pay $25-million to NYSE-listed Walter for the terminal and a nearby 24 ha land parcel. 

Walter Energy to idle Canadian operations

By: Henry Lazenby     15th April 2014 Coal miner Walter Energy on Tuesday said that it planned to idle its Canadian coal mines in the face of weak metallurgical coal prices, placing more than 695 jobs on the line. The Birmingham, Alabama-based ‘pure-play’ metallurgical coal producer for the global steel industry, which has coal... 

US corporates poised to make record investments in 2014

By: Bloomberg     31st January 2014 US companies including Ford and Microsoft are poised to boost business investment to a record in 2014, using a growing cash hoard to propel corporate spending past last year’s $2-trillion. CEOs are buying new machinery and investing in real estate as a US budget deal and growth in Europe signal a... 

BASF to build new chelating agent plant for more sustainable detergents and cleaners

     29th January 2014 • Facility for Trilon®M to start up in 2015 • Investment responds to growing worldwide demand for phosphate alternatives In order to meet the fast growing global market demand for its innovative chelating agent, BASF will build a new Trilon® M (methylglycinediacetic acid) world scale plant at... 

Delta House field development project, US Gulf of Mexico

By: Sheila Barradas     22nd November 2013 Technip has been awarded a contract for the development of the Delta House field. 

Leidy Southeast expansion project, US

By: Sheila Barradas     1st November 2013 The proposed project will expand the Leidy Line’s currently subscribed firm transportation capacity of 1.7-million dekatherms by about 30%. 

Stones field offshore installation project, US

By: Sheila Barradas     4th October 2013 Technip has been awarded an engineering, procurement and installation contract by Shell Offshore for the development of subsea infrastructure for the Stones field. 

Top 2013 high-tech predictions

By: Karel Smrcka     25th January 2013 At the end of each year, predictions are made for the following year. For the thirty-second consecutive year, the University of Alabama's office of media relations offers predictions from faculty experts. 

Airbus assembly line, US

By: Sheila Barradas     27th July 2012 Airbus plans to establish its first US-based production facility at the Brookley Aeroplex, in Mobile, Alabama. 

Company Announcement: Airbus to establish assembly line in United States

     3rd July 2012 Industry-leading A320 Family aircraft to be made in largest single-aisle aircraft market  

First Point serves arbitration notice on Cliffs

By: Henry Lazenby     7th May 2012 TSX-V-listed First Point Minerals over the weekend announced it had served a notice of arbitration on Cliffs Natural Resources Exploration Canada over Cliffs' alleged refusal to provide information about the Decar nickel/iron alloy project in British Columbia, Canada. First Point accused Cliffs... 

New shopping mall for North West city

By: Megan van Wyngaardt     6th April 2012 The construction of a new 15 000 m2 shopping centre at the intersection of the N12 and Jabulani street, in Jouberton, which adjoins Klerksdorp, will start in May. 


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