http://www.engineeringnews.co.za
R/€ = 16.07 Change: -0.06
R/$ = 13.65 Change: -0.13
Au 1280.70 $/oz Change: -0.10
Pt 923.50 $/oz Change: 0.00
 

Topic

Goldstone appoints new COO

By: Creamer Media Reporter      30th August 2017 Aim-listed Goldstone Resources, which is developing the Homase-Akrokerri gold project in Ghana, has appointed Darryl Norton COO. His appointment marks the start of the company seeking to build an operational team as it looks to advance its projects in Ghana.   Norton has more than 35 years'... 

Gold extends rally to 2017 high as North Korea test adds to angst

By: Bloomberg     29th August 2017 Gold rose to the highest this year after North Korea fired a ballistic missile over Japan, boosting haven demand and extending a rally fuelled by declines in the dollar. An index of precious-metals mining stocks touched a four-month high. The greenback fell for a third day to its lowest since... 

Gold climbs as North Korea missile test sees price at 2017 high

By: Bloomberg     29th August 2017 Gold rallied to the highest level this year after North Korea fired a ballistic missile over Japan, boosting haven demand. Palladium extended a rally and platinum rose above $1 000 an ounce. Bullion for immediate delivery gained as much as 1.2% to $1 326.08 an ounce, the highest intraday price... 

Qld zinc mine ‘well timed’, production brought forward – MMG

By: Esmarie Swanepoel     23rd August 2017 First production from the $1.4-billion Dugald River zinc project, in Queensland, has been brought forward from the first half of 2018 to late 2017, as the project development advances ahead of schedule. ASX-listed MMG CEO Jerry Jiao on Wednesday said that with production of about 170 000 t/y of... 

Hunt for next electric-car commodity accelerates as prices soar

By: Bloomberg     23rd August 2017 Niche metal cobalt is leaving bigger names like copper and lithium in its dust, triggering a hunt for new deposits from Idaho to Chile. As one of the key components in the new breed of rechargeable batteries and with supply dominated by the Democratic Republic of Congo, prices have surged at... 

Western Areas returns to profitability

By: Esmarie Swanepoel     22nd August 2017 Nickel miner Western Areas has returned to profitability in 2017, as revenues increased. A net profit after tax of A$19.3-million was reported for the financial year ended June, compared with a net loss after tax of A$29.8-million in 2016. 

Turkish firms set for $64bn spending spree to leave home

By: Bloomberg     21st August 2017 Robert Yuksel Yildirim had barely been at the family’s construction-materials business a year before the company won its first international contract. Now, it’s a conglomerate with interests in mining, ports and chemicals across 28 countries. Twenty four years after the deal to import coal... 

African conference strives to boost bioenergy industries

     18th August 2017 Global conference organiser Centre for Management Technology (CMT) notes that its Biomass Trade & Bioenergy Africa conference will be held at the Radisson Blu Hotel in Sandton on September 28 and 29. CMT hopes that the conference will further development of the African biomass and bioenergy... 

World treaty to ban and reduce mercury poison comes into force 

By: News24Wire      17th August 2017 It is rated as one of the top ten chemical poisons endangering human health and the natural world. Tiny drops of this poison can be found in human teeth, in fresh fish, in light bulbs, paints, batteries and even cosmetics. And it is in the air, water and soil everywhere, in varying amounts. 

AgriProtein assessing two new fly-farming sites in South Africa

By: Irma Venter     11th August 2017 Waste-to-nutrient group AgriProtein will expand its presence in South Africa with two new fly-farming sites, while also growing its research and development function in the country, says CEO Jason Drew. AgriProtein started operations in Cape Town in 2015, launching the world’s first... 

Small farms an economical option in South Africa

By: Robyn Wilkinson     11th August 2017 While many medium-sized farms have been unable to weather the challenges facing the South African agricultural industry and have consequently been absorbed by larger commercial farms, smaller farmers are proving that it is possible to generate a sustainable income from a modest operation through... 

Stakeholder support integral to urban farming in S Africa

By: Robyn Wilkinson     11th August 2017 While the appetite for urban farming exists in South Africa, more needs to be done to motivate stakeholders from both the private and public sectors to play a role in creating and growing successful projects that can be translated into sustainable investments, say engineering and infrastructure... 

Gold-based ETFs shed 67 t in July

By: Natasha Odendaal     10th August 2017 Total holdings in gold-backed exchange-traded funds (ETFs) contracted 67.7 t month-on-month to 2 245 t, or 72.2-million ounces, in July, effectively reversing the gains made in the past few months. The value of the holdings fell 1% month-on-month to $91.5-billion in July, data published by the... 

M&R says Australia maintenance contract a signal of future strategic intent

By: Terence Creamer     10th August 2017 The oil and gas unit of Murray & Roberts (M&R) has been awarded a five-year contract to perform maintenance services at a liquid ammonia plant and a technical ammonium nitrate (TAN) plant on the Burrup Peninsula, in Western Australia. Norway’s Yara International, which owns the facilities,... 

Elon Musk inspires No.1 miner to target electric vehicle boom

By: Bloomberg     9th August 2017 Observations by Tesla’s Elon Musk on the key role nickel plays in the electric vehicle boom helped inspire the world’s top miner BHP Billiton to invest in new capacity to target rising demand. Amid efforts to improve performance at its nickel operations in Australia, Eduard Haegel, asset... 

Coal drives record Qld exports

By: Esmarie Swanepoel     4th August 2017 The Queensland government on Friday revealed that exports from the state reached a record A$65.9-billion over the last 12 months. Treasurer and Minister for Trade and Investment Curtis Pitt said a significant rise in the value of coal exports was the primary driver behind Queensland setting... 

Leading power firms showcase new technologies to Africa

     3rd August 2017 75 international exhibitors and over 2,800 delegates converged at the Sandton Convention Centre for the fifth annual POWER-GEN & DistribuTECH Africa in July, to explore power solutions and discuss strategies and technologies for power sector growth on the continent. With the urgent need for... 

Top India court orders policy changes to stop 'rapacious' mining

By: Bloomberg     2nd August 2017 India’s top court has directed the government to revise the National Mineral Policy by December at the latest to more effectively regulate the mining industry and stop illegal activity. A two-judge Supreme Court panel, led by M.B. Lokur, said the policy effective from 2008 “seems to be only on... 

Glencore asks Australia to focus on economy before climate deal

By: Bloomberg     2nd August 2017 Australia may need to consider delaying its goals to combat global climate change in order to prioritise energy security and economic prosperity, according to a senior executive at Glencore. The country’s emerging energy crisis, in conjunction with government-imposed clean-energy targets, has... 

Manufacturing key to Africa’s economic transformation

By: Anine Kilian     31st July 2017 Manufacturing will drive Africa’s transformation, African Export-Import Bank intra-African finance trade manager Gerald Nsomba said on Monday. Addressing delegates from across the Southern African Development Community (SADC) at the SADC Industrialisation Week, in Johannesburg, he pointed out... 

Positive signals herald increased US reliance on nuclear as part of renewables mix

By: Henry Lazenby     28th July 2017 Changing global macroeconomic trends are increasingly making more space for nuclear power to support renewable energy roll-outs, boding well for the uranium market, which has been dealing with unsustainably low prices for nearly a decade, according to former US secretary of energy and current... 

Africa urged to focus on attracting more FDI

By: Anine Kilian     28th July 2017 Improving the quality of life for people in Africa is a key goal of the African Development Bank and this will require the continent to attract more foreign direct investment (FDI). Addressing delegates at the second Gauteng Infrastructure Investment Conference, in Midrand, on Friday, University... 

BMI bumps up thermal coal price forecast

By: Natasha Odendaal     28th July 2017 BMI Research has revised its 2017 thermal coal price forecast upwards from $70/t to $75/t in the wake of strong Chinese demand, following weather disruptions at hydropower stations. Towards the end of the year, however, it is expected that the prices will ease as better weather restores Chinese... 

Hawsons PFS delivers for Carpentaria

By: Esmarie Swanepoel     28th July 2017 ASX-listed Carpentaria Exploration has delivered an attractive development case of its Hawsons iron-ore project, in New South Wales, with the release of the results of a prefeasibility study, MD Quentin Hill said on Friday. The PFS estimated that the 10-million-tonne-a-year operation would have... 

Goldman's now bullish on iron-ore this year but warns on 2018

By: Bloomberg     27th July 2017 Goldman Sachs Group boosted its iron-ore forecasts after better-than-expected demand in China raised prices, but combined the revised outlook with a warning that it remains bearish on next year on prospects for plentiful mine supplies and a worldwide glut. The three-month forecast was raised to... 

Pacific Northwest LNG megaproject cancelled following review, ‘changed market conditions’ 

By: Henry Lazenby     26th July 2017 The Pacific NorthWest liquefied natural gas (PNW LNG) project has been cancelled by its shareholders, following an in-depth review and changed market conditions. Malaysia-based Petronas, the majority shareholder of the project, made the announcement on Tuesday, leaving the project, which has a... 

The mountains are high and the emperor is far away

     24th July 2017 In a time before emails, global social media and instant communication, local officials in the vast Chinese empire, could easily disregard the policies and wishes of the capital on the basis that “the mountains are high and the emperor is far away”. One could scarcely think that such an insular... 

Zinc rally set to last as producer sees best price in decade

By: Bloomberg     21st July 2017 The rally in zinc prices has the potential to jump this year to levels not seen in a decade as demand continues to outstrip supply amid mine output disruptions, according to Hindustan Zinc, Asia’s biggest producer by market value. Prices may rise to about $3 000 a metric ton on the London Metal... 

World copper market shows 80 000 t surplus in first four months of 2017

By: Henry Lazenby     21st July 2017 The world refined copper balance for the first four months of 2017 indicates a surplus of about 80 000 t, the International Copper Study Group (ICSG) reported on Thursday. It ascribed the surplus mainly to a decline in Chinese apparent demand, a market that currently accounts for about 48% of the... 

Partnership to industrialise Hayden Cobra kit car production

By: Irma Venter     21st July 2017 Automotive Investment Holdings (AIH) has partnered with Les Hayden to industrialise Hayden Cobra kit car production in South Africa. Hayden started Cobra replica sports car production in South Africa in the 1980s with the Shamrock Cobra. He produced around 500 kits for the local and export markets. 

Diamond output leap helps Anglo

By: Martin Creamer     20th July 2017 A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a copper-equivalent basis. Rough diamond production increased by 36% to 8.7 million... 

BMI index shows policy determines market attractiveness in Latin America

By: Henry Lazenby     20th July 2017 With policy being of the utmost importance when determining market attractiveness, countries with reliably stable  business environments will continue to dominate the top mining risk/reward index scores in the Americas, reflecting miners' prioritisation of reducing risk, given a volatile mineral... 

Africa, Asia still lagging in Internet, electrification, banking access

By: Natasha Odendaal     19th July 2017 With a worldwide focus on connecting the last four-billion of the world’s unconnected population to the Internet, a push to ensure the last 1.2-billion people have access to electricity and unlocking the world of finance to the world’s 2.5-billion unbanked, there is a need to start thinking... 

Rio's quest to add more diamonds takes hunt to Canadian forest

By: Bloomberg     18th July 2017 Rio Tinto Group’s pursuit of new diamond output to tap rising demand in Asia is focusing on an unheralded exploration project in the Canadian forest. The world’s second-biggest miner on Tuesday added the Fort a la Corne joint venture, about 60 kilometers (37 miles) east of Prince Albert in... 

Divisive $13bn potash plan to test BHP's new chairman

By: Bloomberg     17th July 2017 BHP Billiton’s plan to enter the potash market with a contentious $13-billion project in Canada is adding to challenges facing the incoming chairman of the world biggest mining company. Ken MacKenzie, a 53-year-old board member who takes up the role in September, currently is on a global tour... 

Top mining nation readying fresh investment wave as prices rally

By: Bloomberg     17th July 2017 Mining companies in Australia, the world’s biggest exporter of iron-ore and coal, are poised to approve fresh investments in projects, driven by rallying commodity prices and the need to replace depleting deposits, according to global equipment supply giant Komatsu. “They’re looking at new... 

Metair buys into Germany battery manufacturer

By: Irma Venter     14th July 2017 The JSE-listed Metair group has acquired a 25.1% shareholding in Germany-based battery manufacturer and supplier, Akkumulatorenfabrik Moll (Moll), at a cash price of €7.425-million (R111.4-million). Metair is a global manufacturer, distributor and retailer of energy storage solutions and... 

One-billion tons of iron-ore are headed to China's mills in 2017

By: Bloomberg     13th July 2017 Iron-ore imports by China this year are on course to exceed one-billion metric tons by a comfortable margin, breaking 2016’s record, after figures for the first half showed another jump in cargoes and highlighted the ability of the largest steelmaker to absorb rising seaborne supplies. Shipments... 

Latest News

more

Latest Videos

more

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