http://www.engineeringnews.co.za
R/€ = 0.15 Change: 0.00
R/$ = 0.14 Change: 0.00
Au 1175.50 $/oz Change: 0.00
Pt 933.00 $/oz Change: 0.00
 

Topic

Turquoise Hill stops shipments from Mongolian mine to China

By: Reuters     2nd December 2016 Canadian copper miner Turquoise Hill Resources Ltd said on Friday it had suspended shipments from its Oyu Tolgoi mine in Mongolia across the Chinese border, a day after the imposition of new fees on commodity shipments between the two countries. The fee was imposed following a diplomatic row... 

Glencore sees nickel shortage as electric vehicle demand burgeons

By: Martin Creamer     2nd December 2016 Diversified mining and marketing company Glencore sees a shortage in nickel arising as a result of burgeoning demand from electric vehicle (EV) production. Batteries used in EVs are consuming about 100 000 t of nickel demand and if 10% of the world’s vehicle fleet transitions to electric power,... 

China orders coal mines to conduct safety overhaul

By: Reuters     2nd December 2016 China has ordered all of the country's coal mines to conduct a safety overhaul in the past month, the official Xinhua news agency reported on Friday, citing the deputy director of the country's work safety watchdog. Mines should not be operating over capacity and miners should not be asked to... 

Nickel price forecast rises as market tightens into 2020

By: Henry Lazenby     2nd December 2016 The price of nickel is expected to continue its upward momentum over the next four years to 2020 as mine closures are expected to slow market growth, while ambitious US spending plans will potentially boost demand. Analysis by Fitch Group research arm BMI calls for a more bullish nickel price... 

High- and medium-speed power generation products for South Africa

     2nd December 2016 Power systems provider Rolls-Royce presented its high-speed and medium-speed power generation products, including various power generation solutions in the 24 kW to 9 400 kW range suitable for a wide variety of applications and types of fuel, at Power & Electricity World Africa. The event was... 

How Brics bank can change the way lenders do business

     2nd December 2016 In times of economic distress, a situation South Africa finds itself in at present, governments tend to invest heavily in infrastructure, which plays a central role in economic growth and poverty reduction by promoting greater productivity, increasing trade, reducing the cost of doing business... 

Vale says expects judge to approve Samarco settlement soon

By: Reuters     1st December 2016 Vale, the world's top iron-ore producer, said a judge was soon to ratify a settlement with the Brazilian government regarding its Samarco iron-ore joint venture with BHP Billiton. General Counsel Clovis Torres told investors and analysts at a presentation in London that it "should not take long"... 

Kibo receives integrated draft financial model for MCPP

By: Anine Kilian     1st December 2016 Tanzania-focused mineral exploration and development company Kibo has received an advanced draft of the integrated financial model for the Mbeya coal-to-power project (MCPP) from its financial advisers, Absa/Barclays. The model will be the subject of extensive review and further adjustment, based... 

Gemfields postpones emerald auction for Indian customers to adjust to new reforms

By: Natasha Odendaal     1st December 2016 Aim-listed Gemfields has postponed its emerald auction until February to allow its India-based customers time to adjust to that country’s newly implemented demonetisation programme, which removes high denomination banknotes from circulation. The two-month delay in auctioning the predominantly... 

Chinese demand, prices trigger ferrochrome green shoots in India

By: Ajoy K Das     1st December 2016 Green shoots are emerging in the ferrochrome industry in India, as a revival in demand from China and higher prices have spurred producers to bring idled capacity back into production. “Improved Chinese demand and price realisations have definitely had a salutary impact on Indian ferrochrome... 

China slaps new fees on Mongolian exporters amid Dalai Lama row

By: Reuters     1st December 2016 A major border crossing between China and Mongolia has imposed new fees on commodity shipments between the two countries, amid a diplomatic row sparked by the visit to Ulaanbaatar of the Tibetan spiritual leader the Dalai Lama last week. The Dalai Lama is cherished as a spiritual leader in... 

Crude pipeline approvals attract reaction straddling both sides of argument

By: Henry Lazenby     1st December 2016 Tuesday's approval by the federal Liberal government of Kinder Morgan’s C$6.8-billion Trans Mountain Expansion (TMX) project and Enbridge’s C$7.5-billion Line 3 Replacement project has drawn equally strong praise and criticism from Canadian business and civic organisations. Gathering almost... 

Goa iron-ore mines slow to resume production

By: Ajoy K Das     30th November 2016 Optimism over getting more than 40 iron-ore mines in the western Indian province of Goa to resume operations is fast receding. Despite an announcement two months ago that 40 iron-ore mines will resume operations as monsoon rains were over, mines are slow in getting back into production. 

CITIC aims to cut costs at Sino Iron project, ramp up output

By: Reuters     30th November 2016 CITIC Pacific Mining's Sino Iron project in Western Australia is ramping up production and expects to export more than 10-million tonnes this year, its chairman said on Tuesday, adding the goal was to become the world's lowest cost producer. Chairman Zhang Jijing of CITIC Pacific Mining, a... 

Britain, Mongolia pledge to do more mining together

By: Reuters     30th November 2016 Britain and Mongolia signed their first memorandum of understanding in the mining sector on Tuesday, pledging an exchange of technology and expertise, and deepening ties based on Rio Tinto's huge copper mine in the South Gobi desert. The agreement, signed on the sidelines of a mining conference... 

Rio seeks iron-ore premium from China mills in likely pricing war revival - sources

By: Reuters     29th November 2016 Australian miner Rio Tinto is asking Chinese steel mills to pay a premium for its highest grade iron ore product for the first time since an annual pricing system collapsed in 2010, two sources familiar with the situation said. The demand by the world's No. 2 iron-ore miner comes as Chinese... 

Moly ‘extremely frustrated’ with ASX relisting decision

By: Esmarie Swanepoel     29th November 2016 Western Australia-based Moly Mines is “assessing its options” after the ASX determined that the company will not be allowed to re-list should it proceed with the proposed acquisition of Gulf Alumina. “Moly is extremely frustrated and disappointed with this decision, and in particular the impact... 

Capital expenditure to continue downward trend

By: Henry Lazenby     29th November 2016 Despite a modestly more buoyant outlook for key metal prices, mining capital expenditures (capex) are expected to continue on a downward slide over the next three years as miners seek further cost cuts and to improve operational margins, according to analysis by Fitch Group research arm BMI.... 

Mexico certifies bidders for December deep water oil auctions

By: Reuters     28th November 2016 Mexico's oil regulator announced on Monday a final list of 16 oil companies representing a dozen countries that have pre-qualified to bid on the country's first-ever deep water oil auctions set for December 5. The highly anticipated tenders include an auction to pick a partner for Mexican... 

Moly Mines faces delisting over Hanlong stake

By: Reuters     28th November 2016 he Australian Securities Exchange said on Monday it will refuse an application by Moly Mines to resume trading amid concerns over its major shareholder, Sichuan Hanlong Group, whose founder was executed in China last year. Liu Han, who started Hanlong in 1997, was found guilty of a string of... 

Gold trade restriction rumour gives Indian gold market the jitters

By: Ajoy K Das     28th November 2016 Indian gold trade and prices have been thrown into turmoil by the Indian government’s demonentisation of high value currency notes as well as speculation being rife that government plans to impose a ban on gold imports and household holdings. While there has been no official statement,... 

Western Areas gets new offtake partner

By: Esmarie Swanepoel     28th November 2016 ASX-listed nickel miner Western Areas has signed an offtake agreement with Chinese steel maker, the Tsingshan Group, for some 10 000 t/y of nickel contained in concentrate, for a three-year period, starting in February 2017. Western Areas MD Dan Lougher said on Monday that the agreement was many... 

Zinc explodes with lead in surge to highest level in nine years

By: Bloomberg     28th November 2016 Zinc headed for its highest close in more than nine years, while lead was set for its strongest finish since 2011 as bullish sentiment spurs a surge in metals. A momentum indicator eyed by traders signals that the markets are overbought. Industrial metals have climbed about 30% this year after... 

Copper’s scorching rally may hit roadblock as imports drop

By: Bloomberg     28th November 2016 Copper’s searing rally in November could hit a roadblock as China’s imports of the metal shrink. The world’s biggest consumer is making more copper domestically than ever before, using supplies of foreign ore concentrate, which is curbing demand for the refined metal. Overseas purchases of... 

Germany's Merkel says G20 must tackle global steel glut

By: Reuters     28th November 2016 The G20 group of leading economies must find a solution to excess capacity in the global steel industry, German Chancellor Angela Merkel said on Saturday, adding that overproduction in some countries was causing job losses elsewhere. Merkel said Germany, which takes over the G20 presidency next... 

SNC-Lavalin wins Argentina nuclear consulting contract

By: Henry Lazenby     26th November 2016 TSX-listed engineering and construction group SNC-Lavalin has won a pre-project contract from Argentina's Nucleoeléctrica Argentina (NA-SA) for the CANDU nuclear new build project at the Atucha site in the district of Zàrate. The six-month contract will allow SNC-Lavalin to engage with suppliers... 

Zambia copper concentrate duty to disrupt global copper supplies – sources

By: Reuters     25th November 2016 A plan by Zambia to put a duty on copper concentrates imports could put a kink in the global supply chain for the metal, industry sources said, by forcing neighbouring Democratic Republic of Congo (DRC) to send surplus mine output elsewhere. The 7.5% duty announced earlier this month and due to... 

Despite cash crunch, Nautilus production support vessel construction continues apace

By: Henry Lazenby     25th November 2016 Despite significant delays to Nautilus Minerals’ production schedule, and a cash crunch having sent it into hibernation, construction of the Canadian marine-mining hopeful's production support vehicle (PSV) is progressing in China. Toronto-headquartered Nautilus on Thursday reported construction... 

Filtration group focuses on product expansion

     25th November 2016 Filtration group CLARCOR Engine Mobile Group released over 250 filtration products in the first half of this year. 

German drive engineering group to expand activities in South Africa

By: Keith Campbell     25th November 2016 German drive engineering group SEW Eurodrive is planning to expand its assembly capacity in South Africa. The company operates 15 manufacturing plants in Germany, France, Brazil, the US and China, which ship components to assembly plants in 75 countries, including South Africa. “We invest in all... 

South African container trade remains under pressure

By: Irma Venter     25th November 2016 Expectations that South Africa’s container market would grow during the third quarter of the year proved incorrect, despite a slightly stronger rand, indicates the 2016 Q3 Maersk Trade Report. The report shows that the market declined by 6% year-on-year. 

Barrick mulls Kalgoorlie bid of roughly $1.3bn by China's Minjar – sources

By: Reuters     24th November 2016 Barrick Gold is reviewing the financial backing behind an approximately $1.3-billion bid for its stake in Australia's Kalgoorlie mine by Minjar Gold, a unit of Shanghai-listed Shandong Tyan Home, two sources told Reuters. Toronto-based Barrick, the world's largest gold producer, is studying the... 

Siemens provides an eco-friendly speed boost to Kaltim Prima Coal

     24th November 2016 • World’s fastest overland conveyor belt that belongs to PT Kaltim Prima Coal is powered by Siemens Integrated Drive Systems (IDS) technology • Combined with automation technology, Siemens IDS technology enables reliable operation of high speed belt conveyors, improves operational efficiency, and... 

Rio Tinto CEO didn't see coal price going up, but expects it to fall

By: Reuters     24th November 2016 Rio Tinto CEO Jean-Sébastien Jacques on Wednesday admitted he didn't see the recent meteoric rise in coal prices coming. But he is already predicting the fall. Jacques, named five months ago to run the world's second-biggest mining company, said it's now clear China's mandate to rid its skies of... 

Rio Tinto says Simandou payments scandal 'very challenging' 

By: Reuters     24th November 2016 Rio Tinto CEO Jean-Sébastien Jacques said on Thursday that the fallout from its discovery of payments in Guinea has been "very challenging", in his first public appearance since the scandal erupted. Speaking at Rio's annual investment day seminar, Jacques also committed the world's number two... 

Cairn Hill readies for restart

By: Esmarie Swanepoel     23rd November 2016 The South Australian government has given privately owned Cu-River Mining Australia some A$397 000 in funding to assist with the restart of the Cairn Hill iron-ore mine. The funding, in the form of a grant through the Regional Development Fund, was expected to assist in creating more than 60... 

Five years after the boom, battle rages over mining wages in Australia 

By: Reuters     23rd November 2016 Coal prices may be recovering, but there are no celebrations in the mining town of Collie, Western Australia, where workers are fighting Indian conglomerate Lanco Infratech over plans to slash their wages almost in half. The move to cut pay at Lanco's Griffin Coal mine comes five years after the... 

Copper surplus reaches 154 000 t in August on weaker Chinese demand, seasonality

By: Henry Lazenby     23rd November 2016 New analysis by the International Copper Study Group (ICSG) has shown an apparent production surplus of around 154 000 metric tonnes in August, mainly owing to weaker Chinese demand and seasonally weak use in other regions. The Lisbon, Portugal headquartered think tank said in a statement Monday... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

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 Close