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Topic - Bloomberg
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Apr 04, 2014
Bruised and battered, the global mining industry today is undergoing a sea change. Practices and policies that might have worked wonders in the past are not as relevant today, and new approaches to running profitable mining operations need to be found. Many mining...
Mar 05, 2014
Natural Resources Minister Joe Oliver
The Canadian Ministry of Natural Resources this week used the world’s largest gathering of miners, the Prospectors and Developers Association of Canada’s (PDAC’s) International Convention, Trade Show and Investors Exchange to once more throw its full weight...
Mar 03, 2014
In a news item on Gabon published by Bloomberg yesterday, 26 February 2014, it was reported that the State's coffers are empty and that the country does not have the means to pay its bills. Furthermore, this information is purported to have come from Mr Michel...
Feb 05, 2014
Feb 04, 2014
Canadian precious gem producer Dominion Diamond Corp on Monday afternoon said that in 2014, it planned to produce about 7% fewer carats from the Diavik mine, in Canada’s Northwest Territories, while operating costs were expected to drop 16% as underground...
Feb 03, 2014
President Jacob Zuma
External partners could not be expected to appreciate the value of Africa “if we as Africans do not”, President Jacob Zuma said at the Bloomberg ‘Africa: Economic Outlook and Opportunities’ conference in Johannesburg on Monday, while underlining South...
Jan 30, 2014
• Schneider Electric’s sustainable development strategy is recognized for the third consecutive year • The Group won the 1st place of the industry and capital goods sector Schneider Electric has been awarded, for the third consecutive year, by the Corporate...
Jan 24, 2014
A mining conveyor machine reflects in a safety mirror at an open-pit lignite mine operated by Vattenfall in Welzow-Sued, Germany. Bloomberg News reports that utilities are expanding open-pit mines that produce lignite, considered the dirtiest type of coal, to feed...
Jan 24, 2014
Jan 13, 2014
Oct 18, 2013
Oct 04, 2013
 
 
 
Oct 02, 2013
The London Bullion Market Association (LBMA) conference has ended in Rome with a moderate collective gold price forecast of $1 405/oz by the time the LBMA meets again, in Lima, in November next year. During the two-day LBMA conference, more than 800 delegates from...
Oct 01, 2013
China and India were currently the consumers of more than 60% of global gold, World Gold Council Far East MD Albert Cheng said on Tuesday. Cheng, who was speaking to Mining Weekly Online from the London Bullion Market Association (LBMA) conference in Rome, said...
Sep 06, 2013
Emerging markets are deeply concerned about the potential fallout arising from the US Federal Reserve’s move to begin tapering its quantitative-easing programmes – something that could begin as early as this month. It was one of the major issues raised the recent...
Aug 23, 2013
South African-born and educated inventor and entrepreneur Elon Musk unveiled his futuristic ‘Hyperloop’ high-speed transport concept last week (see inset picture). He believes the solar-powered solution – comprising air-propelled sealed capsules able to carry...
Aug 09, 2013
I like green buildings. They are well built, efficient, quiet and user friendly, and are not wasteful of energy and resources. The top stuff. I like green building consultants. In many projects, the architec'ts good ideas and great plans and the engineer's designs...
Aug 02, 2013
On Thursday at the Hyatt Hotel Sandton on 15 August the Fossil Fuel Foundation is hosting a conference that promises to be a rich mix of opinions and controversial views
Jul 10, 2013
The falling gold price in recent months has emphasised the need for governments of mineral-rich countries to cooperate with mining companies in the optimal development of their resources, Randgold Resources CEO Mark Bristow has urged. At the end of June, the gold...
Jun 28, 2013
The e-toll saga of the South African Roads Agency (Sanral) certainly has reached amazing proportions. There is virtual universal opposition to the concept of the e-tolling of the urban freeways, with Sanral desperately trying to fight in favour of e-tolling. Sanral...
Jun 28, 2013
South African inflation slowed for the first time in five months in May, while the current account deficit unexpectedly shrank, improving the outlook for Africa’s largest economy. The inflation rate fell to 5.6% in May from 5.9% in April, the statistics office said...
Jun 21, 2013
Position: Deputy CEO of Thales South Africa Main Activity of the Company: Defence and security, aerospace and transportation Date and Place of Birth: November 7, 1968 Education: PDM (GIBS) University of Pretoria, BCom University of Witwatersrand & Masters in Business...
 
 
 
 
Jun 19, 2013
Developed countries had to become more aware of the impact of their actions on emerging markets and manage their internal and global affairs accordingly, Finance Minister Pravin Gordhan said on Wednesday. Speaking at a Bloomberg and Business Day business breakfast,...
Jun 19, 2013
The South African government is clear on the role it has to play in normalising the country’s mining industry, Finance Minister Pravin Gordhan said on Wednesday. He said that, in the global context of financial markets losing confidence in the mining industry, as...
Jun 10, 2013
State-owned Transnet on Monday said it had raised R3.3-billion in a bond issue, bouncing back from a failed issue earlier this month. The transport group initially planned a R1-billion bond, but it was oversubscribed by 3.4 times. “[This achievement] reflects the...
Apr 30, 2013
Cape Town is becoming a hot destination for the call centre sector, with an announcement of further investments and the creation of many more jobs. Capita, one of the Western Cape’s largest call centre operations has announced that it has invested R500-million...
Apr 26, 2013
It is not commercially feasible to launch a State-owned shipping company, owing to recent managerial challenges experienced by other State-owned enterprises (SOEs), says advisory firm Frontier Advisory CEO Dr Martyn Davies.
Apr 12, 2013
Financial firm Standard Bank’s R9.4-billion involvement in government-approved renewable-energy projects has earned the bank the ranking of twelfth greenest bank globally by Bloomberg Markets. Each year, Bloomberg Markets assesses the top 40 global banks based on...
Mar 29, 2013
On March 7, 2013, the London Array officially became the world’s largest operational offshore wind farm, when its 141st wind turbine began producing. The project, which will eventually incorporate 175 3.6 MW Siemens turbines, is a partnership between Dong Energy,...
Aug 23, 2012
Aug 17, 2012
Vendors sell vegetables at a market in New Delhi, India, after a series of failures and excessive demand knocked out power for 640-million people in northern and central India in late July and early August. Described as the world’s worst-ever blackouts, experts...
Aug 10, 2012
South African Reserve Bank Governor Gill Marcus says policy consistency and coordination by the government of Africa’s largest economy is essential to boost growth and reduce unemployment.
 
 
 
 
Apr 24, 2012
Beleaguered mining firm First Uranium on Tuesday confirmed it had received an expression of interest from a group comprising Russia’s Renova, which the company said could culminate in an offer for its Ezulwini mine $10-million greater than an existing bid. TSX-...
Apr 03, 2012
ASX- and JSE-listed Gold One has secured enough financing to complete its current acquisitions, the company said on Tuesday. The junior miner was granted an unsecured $75-million shareholder loan facility from Baiyin Nonferrous Group subsidiary Baiyin Precious...
Mar 30, 2012
Since the start of the current global economic crisis in 2008, there has been renewed interest in the concept of ‘State capitalism’, as distinct from ‘market capitalism’. (The term ‘liberal capitalism’ is shorthand for ‘liberal democracy plus market...
Mar 27, 2012
With Rio Tinto broadcasting that it is joining bigger rival BHP Billiton in considering selling its diamond businesses, analysts said on Tuesday the diversified giants might rather combine the assets and list them. For starters, both have major diamond operations in...
Feb 21, 2012
Supply constraints out of South Africa, the biggest platinum producer, coupled with shrinking palladium shipments from Russia, mean that the prices of the two metals will continue to move closer together, Stillwater Mining CEO Francis McAllister said on Tuesday....
Jan 26, 2012
Potash Corp, the biggest fertiliser-maker, on Wednesday said it is increasing its quarterly dividend by 100% to $0.14 a share, having also doubled the payout a year ago. CEO Bill Doyle said the increase “reflects the confidence we have in the drivers of our...
Jan 19, 2012
The SA Reserve Bank has left the repo rate unchanged at 5.5 percent, governor Gill Marcus said on Thursday. The prime rate would stay at nine percent.
Dec 02, 2011
The mineral sands industry has seen a surprising change through the rapidly rising prices and increasing demand for titanium dioxide feedstocks, zircon and pigments throughout the past two years. The increasing global demand and the market bounce-back in 2010 have...
Nov 29, 2011
Shares in Pretium Resources bounded 21% higher in Toronto on Monday, after the company increased the measured and indicated resource at its Brucejack property in northern British Columbia 460% to five-million ounces. Including inferred resources, the figure jumps to...
Nov 12, 2011
Tanzanian Royalty Exploration, which saw its stock plunge by more than one-third on Thursday, aims to produce around 100 000 oz/y of gold at its Buckreef project, starting from early 2014, CEO Jim Sinclair said on Friday. He explained the share price’s dramatic...
 
 
 
 
Nov 09, 2011
Keeping with the latest fad among North American precious metals producers, Silver Wheaton announced on Wednesday it would also be linking its dividend to metal prices, though indirectly so. The company said it would pay a dividend equal to one-fifth of operating...
Sep 16, 2011
The gold price could reach as high as $2 500/oz next year, and Europe’s debt woes are now “too big to handle”, Sprott Asset Management CEO Eric Sprott said on Thursday. “I’m sure it will go through $2 000/oz in a year, maybe it get’s to $2 500,” he...
Jul 27, 2011
Spot potash prices at the Port of Vancouver climbed to $490/t in July and another $30/t to $40/t increase is likely before autumn in the Northern Hemisphere, Scotiabank said on Wednesday. “With strong demand in most of Asia and Latin America, producers may aim for...
Jul 27, 2011
The Directorate for Priority Crimes Investigation (DPCI), also known as the Hawks, raided the offices of the Department of Mineral Resources (DMR) in Pretoria and Kimberley on Wednesday. Spokesperson McIntosh Polela told Mining Weekly Online the raids followed...
Jun 07, 2011
Extract Resources is in talks to sell a stake in what is the world’s fourth-biggest uranium deposit to the Namibian government, Bloomberg reported on Tuesday, quoting CEO Jonathan Leslie. The Namibian government sent jitters through the mining investment community...
 
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