R/€ = 16.76 Change: 0.00
R/$ = 14.64 Change: 0.00
Au 1184.72 $/oz Change: 7.82
Pt 786.75 $/oz Change: 5.92


New Asia market manager appointed for South African wines body

By: Schalk Burger     17th August 2018 Winemaker industry body Wines of South Africa (WoSA) has appointed Marcus Ford as its new Asia market manager, effective August 20. He will be based in Shanghai, China, and responsible for running all marketing activities throughout mainland China, Hong Kong and Japan, the organisation said on... 

Currency shocks knock platinum to ten-year lows

By: Reuters     17th August 2018 Platinum prices tumbled to ten-year lows as the collapse of Turkey's lira rippled through markets and weakened the currency of top producer South Africa, underlining persistent oversupply of the autocatalyst metal. Platinum has been caught in a broad sell-off as investors rush to the safety of... 

Congo copper faces increased LME scrutiny with audits

By: Bloomberg     16th August 2018 The London Metal Exchange (LME) will start requiring that copper producers which source metal from the Democratic Republic of Congo (DRC) carry out independent audits to prove their material is ethically sourced, according to people familiar with the matter. The LME is reviewing its requirements... 

Kaz Minerals copper miner declares dividend, H1 earnings rise

By: Reuters     16th August 2018 Kaz Minerals copper miner on Thursday announced an interim dividend of 6 US cents per share, the first since 2012, in keeping with a growing trend for miners to focus on shareholder returns. Kaz Minerals shares plunged early this month after the Kazakhstan-focused miner said it was expanding... 

Resources investor Ian Henderson joins Bluejay board

By: Creamer Media Reporter      15th August 2018 Aim- and FSE-listed Bluejay Mining has appointed well-known resource investor, Ian Henderson, as a nonexecutive director with immediate effect. The appointment is designed to promote Bluejay and its flagship Dundas ilmenite project, in Greenland, to the international mining investment industry,... 

Metals poisoned by Turkey contagion as copper nears bear market

By: Bloomberg     15th August 2018 From Turkey’s financial crisis to China’s trade war, the emerging-market contagion is infecting metal markets. Base metals markets tumbled on Wednesday, with most contracts falling more than 2% in London. Copper sank below $6 000 a metric ton and is now approaching a bear market. Not even gold,... 

Centamin appoints former Egypt Minister to its board

By: Creamer Media Reporter      14th August 2018 Gold miner Centamin has appointed Egyptian industry, economic and investment expert Professor Ibrahim Fawzy to its board as an independent nonexecutive director. As a mechanical engineer, obtaining his PhD from University College, London, Fawzy held the key position of Egypt Industry Minister... 

Lead shortages, seasonally strong demand suggest possible price revival

By: Reuters     14th August 2018 Global trade disputes and political tensions have sent prices of battery metal lead to 14-month lows but tight supplies, shortages and seasonally strong demand for the coming northern winter suggest a possible change of tack. The possibility of protracted trade tensions between the United States... 

Antofagasta's H1 earnings fall, trade tensions cloud demand outlook

By: Reuters     14th August 2018 Chilean copper producer Antofagasta said first-half core earnings fell 16.2% from a year earlier, citing weaker ore quality, and said trade tensions clouded the broader market outlook in the short term. Its share price was down by 5.4% by 09:13 GMT, while the broader sector was 0.8% lower. 

Nornickel earnings jump on higher metal prices, operational efficiencies

By: Simone Liedtke     13th August 2018 Nickel and palladium producer Norilsk Nickel (Nornickel) reported a 77% year-on-year increase to $3.1-billion in earnings before interest, taxes, depreciation and amortisation (Ebitda) in the first half of 2018, driven by higher metal revenue and operational efficiency gains. The Ebitda margin... 

Threat of contagion in emerging markets deepens commodity risk

By: Bloomberg     13th August 2018 When Thailand devalued its currency two decades ago, few in global commodity markets took note. Within a year, the crisis morphed into an emerging-market rout that eviscerated the price of everything from crude oil to copper. Fast forward to today and Turkey is presenting a similar challenge. The... 

Mozambique's ruby mining goes from ‘wild west’ to big business

By: Bloomberg     13th August 2018 Sebastiao Pedro struck it lucky in 2014 when, as a 21-year-old small-scale miner, he found a large red ruby in northern Mozambique. He sold it to a buyer from Vietnam for $43 000, returned to his family 900 miles away and built a house with the proceeds. Then the money ran out. 

Randgold looking across the Atlantic

By: Martin Creamer     10th August 2018 African gold mining company Randgold Resources is looking across the Atlantic along the northern edge of South America, which effectively hosts the same geology as West Africa, where the London-listed company has its biggest gold-mining base. This is in addition to intensifying exploration... 

Rio Tinto considers float of Canadian iron-ore business

By: Reuters     10th August 2018 Rio Tinto, the world's second largest listed mining company, is exploring a public listing of its Iron Ore Company of Canada business, banking and industry sources said, as it focuses on boosting revenue from its flagship Australian assets. Iron-ore, which accounts for most of Rio's profit and... 

Govt moving to accelerate measures to boost township economy

By: Sydney Majoko     10th August 2018 One of the most frustrating realities of government operations is the red tape that entrepreneurs experience when they seek assistance. The slow wheels of government-led initiatives tend to drive many entrepreneurs to despair before they even embark on the first step of their economic endeavours.... 

Jennifer Retief

10th August 2018 This week we profile Jennifer Retief, CEO of Riversands Incubation Hub, which helps to grow and develop black-owned small businesses   

Randgold's Q2 profit, output inch higher

By: Reuters     9th August 2018 African miner Randgold Resources maintained its 2018 targets on Thursday after it reported a rise in second-quarter profit and production, citing a good performance at its Kibali mine in the Democratic Republic of Congo. In the three months to June 30, production rose 9% compared to the previous... 

Glencore closing in on oil deal, transacting with Eskom

By: Martin Creamer     8th August 2018 The local downstream oil investments of diversified mining and marketing company Glencore are expected to be concluded in the near future. Talking during a media conference after the Johannesburg- and London-listed company posted outstanding half-year results that won analyst applause, Glencore... 

Omagh processing plant starts operating

By: Creamer Media Reporter      8th August 2018 The recently upgraded processing plant at the Omagh gold mine has started operating, using feed from the underground development of the Kearney gold vein, Toronto- and London-listed Galantas Gold reported on Wednesday. The processing plant is expected to operate part time until production... 

Glencore darts ahead of diversified rivals

By: Martin Creamer     8th August 2018 The strength of the business model and commodity mix of mining and marketing company Glencore has been demonstrated once again by sharp increases in earnings and net income in the six months to June 30. The earnings before interest, taxes, depreciation and amortisation (Ebitda) of the 146... 

Glencore's poised for record profit despite horrible year

By: Bloomberg     7th August 2018 Glencore may have had a nightmarish year so far, but the world’s top commodity trader is still raking in mountains of money. The company is facing a US corruption probe, got mired in a dispute with its billionaire former partner in the Democratic Republic of Congo and has been caught in the... 

India's Goa state to push federal govt to restart mining

By: Reuters     6th August 2018 India's Goa state on Friday passed a resolution asking the state's chief Minister to push the federal government to amend laws to restart mining across the state, a state lawmaker said, months after the country's top court quashed mining permits. The resolution seeks to amend laws in Goa so that... 

Gold may hit $1 300 by end of year, ICBC says

By: Bloomberg     6th August 2018 Gold’s plunge to the lowest level in more than a year may be close to ending, and prices could climb back to $1 300 by December, according to ICBC Standard Bank. Bullion is set to average $1 26/oz in the third quarter and rise further in the following three months as interest rate increases are... 

Gold rout takes prices near $1 200 as investors favour dollar

By: Bloomberg     3rd August 2018 Investors are turning their backs on gold. The metal is near the lowest in more than a year, edging closer to a key $1 200/oz level, and is heading for the longest run of weekly losses since October. Gold’s appeal has waned, even amid ongoing trade-war tensions, partly because of an upbeat... 

World's priciest precious metal set to blossom as shortage looms

By: Bloomberg     3rd August 2018 The world’s most expensive precious metal is set to get even pricier as a mining retreat in South Africa threatens a supply shortage. Rhodium – a byproduct of platinum mining that’s used in the chemical sector and by the auto industry in catalytic converters – has more than trebled in value since... 

Redefining philanthropy

By: Martin Zhuwakinyu     3rd August 2018 Aliko Dangote, Africa’s richest man – with a net worth of $12.4-billion – is redefining philanthropy in his native Nigeria. But the 61-year-old is doing this in a way that will make his bank account even fatter. Dangote Group, the 30 000-employee multinational industrial conglomerate he founded... 

New appointments to help ship repair focus

3rd August 2018 Transnet National Ports Authority (TNPA) has announced its new appointments and rotational changes to current harbour masters, all effective July 1, 2018.   

Enhancing safety in the fishing industry

3rd August 2018 South Africa has become the twenty-fifth State to sign up to the International Maritime Organisation (IMO) treaty on Standards of Training, Certification and Watchkeeping for Fishing Vessel Personnel (STCW-F). The STCW-F Convention sets the certification and minimum training requirements for... 

Kaz Minerals expands into Russia with $900m copper deal

By: Reuters     2nd August 2018 Kaz Minerals, a low-cost copper producer until now focused on Kazakhstan, said it has agreed to buy the Baimskaya copper project in the Chukotka region of Russia for $900-million in cash and shares. The deal is comprised of an initial $675-million and a deferred payment of $225-million. 

Vedanta postpones quarterly results amid going-private offer process

By: Reuters     2nd August 2018 Miner Vedanta Resources, which is set to be taken private by chairman Anil Agarwal, postponed its quarterly production results to next Monday. Agarwal's family trust offered about $1-billion in cash to take the London-listed company private earlier this week. 

Gold pinned near one-year lows on dollar strength

By: Reuters     1st August 2018 Gold was stable near one-year lows on Wednesday on a stronger dollar, as the market waited for signals on the direction of US monetary policy from a Federal Reserve meeting later in the day. Spot gold edged down 0.1% to $1 223.08 per ounce by 1045 GMT, close to a one-year low of $1 211.08 reached... 

Gubong restart on the cards for 2019 - Bluebird

By: Esmarie Swanepoel     1st August 2018 A report by London-listed Bluebird Merchant Ventures has found that the Gubong gold mine, in South Korea, could be reopened and recommissioned, with production expected in late 2019. Joint venture partner Southern Gold told shareholders on Wednesday that Bluebird had provided the company with an... 

Battery chemical surplus sparks plunge in cobalt price

By: Reuters     31st July 2018 A surplus of cobalt chemicals used to make the rechargeable batteries that power electric vehicles has seen Chinese refiners switch to producing metal, sending prices down 30 percent in recent months. The electric-vehicle revolution is expected to boost demand and prices for cobalt, which... 

Cardinal finds funding for Namindi studies

By: Esmarie Swanepoel     31st July 2018 ASX-listed Cardinal Resources has signed a $25-million term sheet with Sprott Private Resource Lending for working capital and funding to complete preliminary and definitive feasibility studies at the Namindi gold project, in Ghana. Cardinal on Tuesday told shareholders that the loan facility... 

Agarwal given more time to make firm offer for Vedanta Resources

By: Reuters     30th July 2018 Billionaire Anil Agarwal has been given more time to make a firm offer or walk away from a deal to buy out minority shareholders in Vedanta Resources for £778-million, the London-listed miner said on Monday. Agarwal's vehicle Volcan Investments had faced a deadline of 17:00 London time to... 

Fate of South African gold rests on one giant, loss-making mine

By: Bloomberg     30th July 2018 Three thousand meters below the plains southwest of Johannesburg, teams of miners are toiling to revive the gold industry that underpinned South Africa’s economy for generations. The South Deep mine was built to target the world’s second-biggest known body of gold-bearing ore, a deposit that... 

Mercedes-Benz South Africa manufacturing plant expansion, South Africa

By: Sheila Barradas     27th July 2018 Mercedes-Benz South Africa plans to significantly expand its East London manufacturing plant to build the new generation of the Mercedes-Benz C-Class 

De Beers sizes up Canadian diamond project, first big buy in nearly 2 decades

By: Reuters     26th July 2018 Anglo American unit De Beers expects its purchase of Canada's Peregrine Diamonds, its first upstream diamond acquisition since 2000, to be completed in a month to six weeks' time. Only then can it really start sizing up the asset. Peregrine is the sole owner of the Chidliak project on Baffin... 

2 3 4 5 6 7 8 9 Next Last

Latest News


Latest Videos



Engineering News is a product of Creamer Media.

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa

Read more


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


Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Subscribe Now for $119
Free daily email newsletter Register Now
Subscribe Now for $119 Close