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Weir Minerals launches three new LEWIS® pumps to significantly expand market-leading product line

By: Creamer Media Reporter      28th February 2020 New Lewis® VL Axial Pump, Lewis® Horizontal Process Pump and Lewis® Vertical High Pressure Molten Salt Pump combine efficient engineering, unmatched pump performance and the outstanding wear life of the famous Lewmet® nickel-chrome alloy. Weir Minerals would like to announce three new additions... 

Vanadium One Iron outlines plan for high-grade Quebec iron project

By: Mariaan Webb     28th February 2020 The recently completed preliminary economic assessment (PEA) for the Mont Sorcier iron and vanadium project is supporting TSX-V-listed Vanadium One Iron Corp’s vision for a mine near Chibougamau, Quebec. Announcing the results of the PEA on Thursday, the company said that the study outlined a... 

Rio's free cash flow up by 31% in 2019

By: Esmarie Iannucci     26th February 2020 Higher iron-ore prices has helped to drive a 31% increase in free cash flows for diversified miner Rio Tinto during the 2019 financial year, compared with 2018. The miner on Wednesday announced that free cash flow for the full 2019 reached $9.1-billion, up from the $6.9-billion reported in 2018,... 

Fears of water’s ‘day zero’ spur Cape Town to consider rainless day fund

By: Bloomberg     26th February 2020 Scarred by a water shortage that almost saw Cape Town become the first major world city to run out of water, local authorities are planning measures ranging from cutting down alien trees to establishing a “rainless day fund” to cushion its more than four-million people from the next dry spell.... 

Time for govt to consider new strategies to get economic growth going, says Baxter 

By: Marleny Arnoldi     21st February 2020 In what has been the longest economic downturn for the country since 1945, it has become necessary for government to consider alternative strategies and change various policies to allow business to grow the economy, Minerals Council South Africa CEO Roger Baxter said during a media briefing on... 

Pan American hikes quarterly dividend 43%

By: Creamer Media Reporter      21st February 2020 Nasdaq- and TSX-listed Pan American Silver has had a strong 2019, during which it generated $282-million in operational cash flow, allowing for $60-million in debt to be retired, a shareholder payout of about $29-million, investment in new projects and an improved cash position. The miner... 

Coeur to reposition Silvertip, operations suspended

By: Mariaan Webb     21st February 2020 NYSE-listed precious metals miner Coeur has temporarily suspended operating activities at its Silvertip zinc/lead/silver mine, in British Columbia, Canada, as the mine struggles to generate positive cash flow amid deteriorating zinc and lead markets. Silvertip, which represents about 6% of... 

New Concor chief sees surge in issuance of large tenders as sign of possible construction turnaround 

By: Terence Creamer     19th February 2020 Newly appointed Concor CEO Lucas Tseki believes the strong flow of tenders in the last quarter of 2019 could signal that the domestic construction market is finally bottoming out. He is also cautiously optimistic that infrastructure-focused departments and State-owned enterprises (SOEs) are, at... 

ACCC calls for more gas exploration

By: Esmarie Iannucci     18th February 2020 The Australian Competition and Consumer Commission (ACCC) has called on Australia’s southern state to allow gas exploration in a bid to secure supply. “Southern states risk facing a shortfall in the medium term unless there is more exploration and development in the south, or new infrastructure... 

Demand Driven World Africa At SAPICS 2020

18th February 2020 Data from the Harvard Business Review reveals that businesses are disappearing faster than ever before, and that companies are dying younger because they are failing to adapt to the growing complexity of their environment. Today’s supply chains are more complex and volatile than ever before;... 

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