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End to Eskom ‘stalemate’ will unleash wind market in 2017 – GWEC

By: Terence Creamer     Updated 45 minutes ago The Global Wind Energy Council (GWEC) expects a recovery in the deployment of wind projects in South Africa, following a hiatus in 2016 brought about by Eskom’s refusal to enter into power purchase agreements (PPAs) for renewable-energy projects procured in 2015. In its ‘Global Wind Report:... 

Africa urged to transform dependence on commodities

By: African News Agency      Updated 6 hours ago Even as the world emerges from the worst of the global commodity price meltdown, African countries were urged on Tuesday to make the most of the next upward cycle to diversify and industrialise away from over-reliance on exports of raw materials. In a statement, Dr Martyn Davies, Deloitte... 

Barrick Gold cuts gold production forecast at Argentina mine

By: Mariaan Webb     25th April 2017 Toronto-based miner Barrick Gold’s shares fell nearly 4% in after-hour trade on Monday, after the group lowered its production forecast and increased its cost guidance at its Veladero mine, in Argentina. The mine, where authorities suspended the addition of cyanide to the heap leach process... 

Global steel production reaches 410Mt in Q1

By: Megan van Wyngaardt     24th April 2017 South Africa produced an estimated 1.56-million tonnes of steel in the first quarter of the year, the World Steel Association (worldsteel) said on Monday. This was roughly the same as the 1.54-million tonnes  produced in the first quarter of 2016 and came on the back of flat year-on-year... 

Gold and bullion miners tumble as French vote cuts haven demand

By: Bloomberg     24th April 2017 Gold dropped to a two-week low and bullion mining stocks sank the most in more than a year as investors favoured riskier assets on expectation that Emmanuel Macron will become France’s next president. The metal slipped as much as 1.5% and South African gold miners plunged as much as 8.7% after... 

BlueNova launches production facility as lithium battery bug bites in South Africa  

By: Kim Cloete     24th April 2017 Energy storage solutions company Blue Nova has launched a new production facility in Somerset West, near Cape Town, to keep up with rising demand for lithium-iron-yttrium-phosphate (LiFeYPO4) batteries. Lithium-ion batteries, of which LiFeYPO4 batteries are a type, are seen as an excellent... 

Japan steel industry head says concerned at Trump 'protectionism'

By: Reuters     24th April 2017 Japanese steelmakers are concerned at "protectionism" by US President Donald Trump, Japan Iron and Steel Federation chairperson Kosei Shindo said on Monday, following Trump's first shot across China's bows over steel exports. Japan is the world's second-largest steel producer, although Shindo... 

Japan steelmakers scramble for coking coal to make up Debbie losses

By: Reuters     24th April 2017 Japanese steelmakers have bought coking coal from the US, Canada and China to replace supply lost after a cyclone closed rail links in Australia, their biggest supplier, industry and trader sources said. Still, the Japanese buyers are paying nearly double the $150/t price that they were... 

Trump's infrastructure plan a boon for iron-ore, says Australia's Cormann

By: Bloomberg     23rd April 2017 US President Donald Trump’s plan to upgrade the nation’s roads, ports and bridges will drive demand for steel and support iron ore prices, Australia’s Finance Minister Mathias Cormann said. “The US and the Trump administration has put out a very ambitious infrastructure investment program" and... 

Freeport collects export permit after Pence visit

By: Reuters     23rd April 2017 Freeport McMoRan collected a permit to resume copper exports from Indonesia on Friday after a hiatus of more than three months, hours after a state visit by US Vice President Mike Pence, who discussed the copper miner's dispute with Jakarta. Indonesia's Trade Ministry issued Freeport with a... 

Argentina mulls $500m safety plan for Barrick's Veladero mine

By: Reuters     22nd April 2017 Barrick Gold and its new Chinese partner presented a $500-million plan on Friday to make safety and environmental improvements to the Veladero gold mine, in Argentina, after a third cyanide spill in 18 months, a company executive said. Argentina told Barrick earlier this month it had to overhaul... 

Conflict-free cobalt to remain industry question, opportunity as DRC dominates supply

By: Henry Lazenby     22nd April 2017 Sourcing conflict-free cobalt for application in new technologies, such as lithium-ion batteries, will remain both a concern and an opportunity for manufacturers for years to come, as production is dominated by the politically unstable Democratic Republic of Congo (DRC). The Central African... 

Strengthening fundamentals continue to bolster ‘new age’ metals outlook

By: Henry Lazenby     22nd April 2017 ‘Big money’ investors are increasingly looking to invest in the relatively small ‘new-age metals’ space, comprising metals such as lithium, graphite and cobalt, as strengthening fundamentals for these minerals and an unprecedented high-impact investment opportunity draw the potential for bonanza... 

Diamond miners have India in sight with Real is Rare slogan

By: Reuters     21st April 2017 The world's top diamond producers will try to spur demand in India with the launch of their "Real is Rare" slogan in September, after the withdrawal of high-value bank notes dented the world's third biggest diamond market. The marketing slogan was launched in the United States in 2016 by the... 

Steel demand to grow in 2017/18 as recession risk decreases

By: Megan van Wyngaardt     21st April 2017 Global steel demand will increase by 1.3% to 1.53-billion tonnes this year, and by a further 0.9% to 1.55-billion tonnes in 2018, following growth of 1% in 2016, the World Steel Association (worldsteel) said in its latest short-range outlook (SRO), published on Friday. Worldsteel economics... 

BMI expects gradual price recovery for industrial metals

By: Megan van Wyngaardt     21st April 2017 Since bottoming out in early 2016 and staging an impressive, albeit largely speculative, rally over the past year and a half, industrial metals will experience a gradual price recovery over the coming years, as improving fundamentals support a stabilisation, rather than rebound, in prices,... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can be no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012, that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, compared with India’s 7.6%,... 

Interest in nuclear energy said to be rising across sub-Saharan Africa 

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

Brazilian company unveils over-the-horizon radar

By: Keith Campbell     21st April 2017 Brazilian technology company IACIT Soluções Tecnológicas S/A (IACIT), which develops and produces air traffic control and management and maritime traffic control and management systems, weather radars, telemetry systems, and integrated networks (among other products and systems) for civil, public... 

Interest in nuclear energy said to be rising across sub-Saharan Africa

By: Keith Campbell     21st April 2017 There is more interest in nuclear energy in sub-Saharan Africa than is generally realised. According to the World Nuclear Association (WNA), countries in the region which are individually planning or considering nuclear power are Ghana, Kenya, Namibia, Nigeria, Senegal, Tanzania, Uganda and... 

South Africa accounts for 59% of outbound M&A activity in sub-Saharan Africa

By: Megan van Wyngaardt     20th April 2017 The value of announced merger and acquisition (M&A) transactions, with any sub-Saharan African involvement, reached $10.1-billion during the first quarter of 2017, the highest opening quarter total in six years, research firm Thomson Reuters Africa has found. In its sub-Saharan African deals... 

CRG awaits second funding tranche from investor

By: Megan van Wyngaardt     20th April 2017 A second tranche of $500 000 in funding, which forms part of Central Rand Gold’s (CRG’s) $1-million loan agreement with investor Jia Bang Wang, has been delayed, the miner said on Thursday. The company explained that certain exchange restrictions had led to the delay, but that efforts were being... 

China's Shandong Tyan says talks over on bid for Barrick's Kalgoorlie

By: Reuters     19th April 2017 Shanghai-listed Shandong Tyan Home said on Wednesday its negotiations with Barrick Gold to buy the Canadian operator's 50% stake in Kalgoorlie mine have ended without a deal, citing new capital and acquisition rules in China. Toronto-based Barrick had been reviewing the financial backing behind... 

ASA Resources says $4.3m unaccounted for, but operations continue

By: Megan van Wyngaardt     19th April 2017 Following its decision to remove its CEO and FD over alleged financial irregularities, Aim-listed ASA Resources on Wednesday revealed that $4.3-million has been unaccounted for. The miner on Tuesday said it had removed its CEO Yat Hoi Ning and FD Yim Kwan after an investigation initiated by the... 

Trump 'Buy American' edict may have little impact on US steel

By: Reuters     19th April 2017 US President Donald Trump's "Buy American, Hire American" executive order on Tuesday left questions about how the government would enforce the order and whether it would make a real difference in output and employment, according to steel executives and analysts. "Buy American" provisions already... 

IMF raises global growth forecast, warns against protectionism

By: Reuters     19th April 2017 The International Monetary Fund raised its 2017 global growth forecast on Tuesday due to manufacturing and trade gains in Europe, Japan and China, but warned that protectionist policies threaten to choke a broad-based recovery. The IMF, whose spring meetings with the World Bank get underway in... 

Gold's top forecaster says prices may hit $1 350 by year-end

By: Bloomberg     19th April 2017 Gold will end the year higher, spurred by faster inflation and political tensions in Russia, Syria and North Korea, according to Intesa Sanpaolo, the best forecaster for the metal last quarter. Prices could take a V-shaped path this year, with a swoon coming mid-year as the Federal Reserve raises... 

New management team to expand Aury’s African footprint

     19th April 2017 Aury Africa aims to become a leading manufacturer and supplier of high-performance mineral-processing equipment to the African mining industry by 2022. This is the vision of the company’s new management team, led by Director Sydney Parkhouse. Key to the ongoing success of the Original Equipment... 

Mining majors' shares pull back as iron, copper prices retreat

By: Henry Lazenby     18th April 2017 Major miners saw their respective stocks pull back on Tuesday on the back of weaker iron-ore and base metals prices, despite the latest Chinese economic data showing better-than-expected growth in the first quarter of 2017. Major miners traded in the red on Tuesday, including the world’s largest... 

Local macadamia association spreads footprint through Chinese MoU

By: Megan van Wyngaardt     18th April 2017 The South African Macadamia Grower’s Association (Samac) has signed a memorandum of understanding (MoU) with the China National Industry Association’s (CSNC’s) specialised committee for nuts and roasted seeds to enhance cooperation in the nuts and roaster industries of the two countries. Signed... 

VW plans to launch electric car in China next year

By: Reuters     18th April 2017 Volkswagen's China chief Jochem Heizmann said the carmaker plans to launch a pure battery electric vehicle in China this year amid continued uncertainty over how China's electric car quotas will be applied. VW's Heizmann said a lack of clarity about whether electric car quotas would be softened,... 

ASA Resources removes CEO, FD over alleged financial mismanagement

By: Megan van Wyngaardt     18th April 2017 ASA Resources has removed its CEO Yat Hoi Ning over alleged financial irregularities. It has also removed its FD Yim Kwan from his position, effective immediately. The executives will now face disciplinary action. 

Northern Minerals approves A$56m pilot plant

By: Esmarie Swanepoel     18th April 2017 The board of ASX-listed Northern Minerals has approved a A$56-million three-year pilot plant at its Browns Range heavy rare earths project, in Western Australia. The pilot plant project, which will be funded from a combination of equity, debt, offtake pre-payments and deferred payments, will be... 

MinRes ships lithium from Wodgina

By: Esmarie Swanepoel     18th April 2017 The first shipment of lithium direct shipping ore (DSO) from the Wodgina mine, in Western Australia, has set sail from Port Hedland, ASX-listed Mineral Resources reported on Tuesday. Mineral Resources purchased the Wodgina site in September last year, to mine and export around 1.5% lithium grade... 

World's nutrient-poor farms get a vitamin boost from zinc mines

By: Bloomberg     18th April 2017 Injecting an industrial metal back into the ground could prove a boon for farmers and miners alike. The metal is zinc. Used mostly to reduce corrosion in iron and steel, zinc also is needed in trace amounts to keep humans and plants healthy. Without it in their diets, people are prone to... 

Dominion Diamond's sales slump 21% in FY17

By: Henry Lazenby     14th April 2017 Canada’s largest diamond producer Dominion Diamond Corp has reported a 21% decrease in diamond sales for the 2017 financial year ended January, as a fire at its flagship Ekati mine, in the Northwest Territories, and lower-value output weighed on the bottom line. The Yellowknife-based producer,... 

South Africa’s hydrogen fuel cell programme making steady progress

By: Keith Campbell     14th April 2017 The Department of Science and technology (DST) is pleased with the progress being made by the Hydrogen South Africa (HySA) research, development and innovation (RDI) programme. This is a natural resources beneficiation project, aimed at increasing the market for the country’s platinum reserves by... 

South Africa’s hydrogen fuel cell programme making steady progress

By: Keith Campbell     13th April 2017 The Department of Science and Technology (DST) is pleased with the progress being made by the Hydrogen South Africa (HySA) research, development and innovation (RDI) programme. This is a natural resources beneficiation project aimed at increasing the market for the country’s platinum reserves by... 

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