R/€ = 14.78 Change: -0.02
R/$ = 11.98 Change: -0.01
Au 1344.39 $/oz Change: -8.40
Pt 933.00 $/oz Change: -17.81


Mining equipment supplier Weir buys US market leader Esco in $1.3bn tie-up

By: Henry Lazenby     Updated 3 hours ago UK-based mining equipment dealer Weir has signed a binding $1.29-billion accord to buy Portland, Oregon-based Esco – a local market leader in provisioning the mining, construction and industrial markets. "We are acquiring a high quality business at the right time, with the market in the early... 

EVs not yet a market force to disrupt oil demand growth

By: Anine Kilian     19th April 2018 Short-term oil demand is still growing strong and will continue to do so through the end of 2020, a trend taking place despite the market’s increasing focus on electric vehicles (EVs) and the forecasted future plateau in oil demand, according to a new report from IHS Markit’s oil and gas team.... 

Altus raises C$4.11m in private placement

By: Creamer Media Reporter      18th April 2018 Aim-listed Altus Strategies has raised about C$4.11-million by way of a nonbrokered private placement of 27.39-million units at C$0.15 each. Each unit is comprised of one ordinary share and one ordinary share purchase warrant that may be used to buy one ordinary Altus share at C$0.30 for five... 

Gensource offtake MoUs signal supply malaise in N American potash market

By: Henry Lazenby     14th April 2018 The fact that junior Canadian start-up Gensource Potash has been able to secure two memoranda of understanding (MoUs) from separate US offtake partners that support the establishment of a new and independent supply of potash, speaks to a certain malaise in the continent’s crop nutrient market.... 

Company bolsters international presence

     13th April 2018 Surfaces design and architecture producer and distributer Cosentino Group is continuing to push ahead with the international expansion of its own assets with the opening of the first Cosentino Centre in South Africa, the company noted in an announcement on February 7. In the floor coverings... 

S African foundry aims to expand footprint in North America 

By: Donald Makhafola     11th April 2018 The capacity of some aspects of the smelting industry in North America, such as the steel sector, has significantly deteriorated in the past 25 years, as a result of Chinese companies dominating the market and supplying cheaper products, says South Africa-based foundry and engineering company... 

US to lead global crude production as soon as 2023 – IEA

By: Henry Lazenby     10th April 2018 US shale production growth is expected to lift the jurisdiction to being the top oil producer globally by 2023, a report from the International Energy Agency (IEA) has shown. According to the IEA, US output will expand by 3.7-million barrels a day, more than half of the world’s expected... 

Aftan progresses plant upgrades at Namibia mine

By: Marleny Arnoldi     9th April 2018 African Tantalum (Aftan), in which Aim-listed investment company Kazera Global holds an interest, has started the tendering process for the laying of pipework for the newly approved Orange River water project at its Namibia Tantalise Investment mine.  

Civil engineering shifts towards creative sphere

By: Tasneem Bulbulia     6th April 2018 The manner in which civil engineers work and the methods they use to find solutions are shifting towards a design-led digital arena, suggests global engineering and infrastructure advisory company Aurecon digital practice leader Richard Matchett. “Digital technology and computers have changed the... 

Rebranded power tools division maintains commitment to quality

     6th April 2018 Tools and equipment manufacturer Hitachi has renamed its Hitachi Power Tools to Metabo HPT for its full line of power tools, fasteners, accessories and outdoor power equipment products for North America. The transition will start from September this year with the launch of MultiVolt under the... 

Continued growth for tool manufacturer

     6th April 2018 This year, tool and equipment manufacturer the Hilti Group intends to maintain its growth momentum following last year’s growth of CHF 5.1-billion throughout all of its business regions. The company explains that year-on-year the company’s sales are up by 10.8%, and 9.6% in local currencies. 

First Cobalt drilling traces broad cobalt mineralisation at Woods Extension Zone

By: Henry Lazenby     5th April 2018 Explorer First Cobalt has reported the results from its latest two drill holes from the Woods Extension zone of the Cobalt South project, in the Ontario-based Canadian Cobalt Camp, returning strong grades over narrow intervals. The reported results were fairly shallow tests of the Woods Extension... 

CAPP urges feds to ensure Canadian oil, gas benefit from growing global energy demand

By: Henry Lazenby     4th April 2018 Despite surging demand globally for all forms of energy, Canada’s oil and natural gas industry is at risk as the cumulative effect of federal and provincial policies and regulations are fast thinning the country’s market opportunity by thwarting industry growth, competitiveness and market access,... 

Paper producer to upgrade Mpumalanga mill 

By: Victor Moolman     30th March 2018 Pulp and paper producer Sappi will shut down its Ngodwana mill, in Mpumalanga, for four weeks in May, to install new equipment that will decrease bottlenecking. The company will install new machines, and upgrade the wood chipper, fibre line and pulp dryer, says Sappi Southern Africa CEO Alex... 

Ford more than doubles engine assembly capacity at PE plant

By: Irma Venter     27th March 2018 Ford Motor Company of Southern Africa (FMCSA) is expanding its Struandale engine plant, in Port Elizabeth, as part of a R3-billion investment in its South African operations, announced late last year. The Struandale plant currently machines cylinder heads, cylinder blocks and crankshafts for the... 

Sprott-backed blockchain platform to give gold digital edge  

By: Bloomberg     26th March 2018 Cryptocurrencies and the blockchain were thought by some to replace gold as the ultimate haven against financial calamity. Now the gold market is using blockchain to kick back at crypto and bring precious metals into the digital age. TradeWind Markets, a technology provider backed by Sprott,... 


     23rd March 2018 Batteries on display on as a sorting reference at the Raw Materials Company recycling facility in Port Colborne, Ontario, Canada. Bloomberg reports that Ontario recycles more single-use batteries than any other state in North America, nearly 3 226 t in 2016 alone.  

Resources Watch  

     22nd March 2018 This week: Coal, rapid loadout projects under construction; Exxaro declares innovation an imperative; And, South African foundry aims to expand footprint in North America 

First Cobalt undertakes study to assess mine waste rock; success could impact overall strategy

By: Henry Lazenby     21st March 2018 ASX- and TSX-V-listed First Cobalt has launched a metallurgical study on the high-grade inventory of refinery residue and crushed waste rock material located near the company’s mill facility, located in the Canadian Cobalt Camp, in Ontario. First Cobalt has partnered with Dundee Sustainable... 

US Congressional action underscores strong desire to establish domestic REE supply chains

By: Henry Lazenby     19th March 2018 Recent US Congressional actions point to a strong desire to establish domestic rare earth element (REE) supply chains, as the industry seeks to diversify away from dominant producer and consumer – China. Congress continues to work on the development of REE separation technologies, as evidenced by... 

Mine accident shows a potash market nervous about outages

By: Bloomberg     16th March 2018 The news, when it came late Friday night from a government ministry in Minsk, was grim: the ceiling of a potash mine in Belarus had collapsed more than half a kilometre underground, trapping two workers. Halfway around the world, the reaction to the headlines was swift and dramatic. Shares of... 

Trams enjoy renewed interest in growing cities

By: Anine Kilian     16th March 2018 The exponential growth of cities worldwide raises many challenges for urban authorities, including reducing road traffic congestion, combating pollution, noise in cities and redeveloping urban zones. Addressing delegates during a media tour of Alstom’s La Rochelle manufacturing centre, in... 

M&R awarded R3.8bn in underground mining contracts

By: Marleny Arnoldi     16th March 2018 Engineering and construction group Murray & Roberts (M&R) on Friday announced that it had been awarded new underground mining projects in North America and Australasia to the value of R3.8-billion.  

First Cobalt buys Idaho explorer in race to tap battery boom

By: Bloomberg     15th March 2018 First Cobalt is seeking to speed up its timetable to begin producing cobalt, riding the wave of interest in the metal used in electric-vehicle batteries and smartphones. The Vancouver-based exploration company agreed to buy explorer US Cobalt, which has properties in Idaho, in an all-stock deal... 

US tariff exemptions to boost Australian exports - industry

By: Reuters     12th March 2018 Australian steel and aluminium manufacturers said on Monday exports to the United States will grow after securing exemptions from tariffs signed into law by US President Donald Trump. Trump on Friday said Australia would become the third country to be free from a 25% tariff on steel imports and... 

Australia hopeful of US tariff exemptions

By: Reuters     9th March 2018 Australian Prime Minister Malcolm Turnbull said on Friday he is hopeful of securing an exemption from U.S. tariffs on steel and aluminium after sustained lobby effort by his government. US President Donald Trump on Thursday imposed a 25% tariff on steel imports and 10% for aluminium on Thursday. 

Airline safety in Africa and the world is getting better and better

By: Rebecca Campbell     9th March 2018 The International Air Transport Association (IATA) has reported “strong progress” in airline safety in Africa last year. This was part of a world-wide improvement in safety, revealed in the global airline industry representative organisation’s recently released 2017 safety performance data.  

Global platinum demand expected to increase marginally in 2018

By: Nadine James     8th March 2018 Global platinum demand is expected to increase marginally this year, based on a 2% recovery in jewellery demand in Asian markets, as well as a 6% demand increase for industrial applications. This combined with a 2% decline in supply, owed to mine closures in South Africa, will have resulted in a... 

The 2017 financial year at Jungheinrich: double-digit growth – forecast met

     8th March 2018 • Net sales: +11 per cent, value of incoming orders: +11 per cent and units: +13 per cent • Net income: +18 per cent • Dividend: +14 per cent • Strong demand in the core market of Europe and logistics systems business • Net sales forecast for 2018: €3.6 - 3.7 billion Jungheinrich is pressing... 

Africa’s leading industry trade fair prepares to open its doors

By: Creamer Media Reporter      6th March 2018 The countdown has begun: bauma CONEXPO AFRICA opens its doors for the third time in one week. The largest trade fair for construction machinery, building material machines, mining machines and construction vehicles in Africa continues to attract international participation, highlighted by four... 

Largo aims to expand market reach with new powder product capability

By: Henry Lazenby     5th March 2018 Vanadium producer Largo Resources will qualify, produce and sell vanadium pentoxide (V2O5) powder to supplement its current V2O5 fused flake production. The Toronto-headquartered company will explore the new product offering through its existing exclusive offtake partner Glencore International,... 

Electric, hybrid trucks to reach 2.25m unit sales by 2025, says Frost & Sullivan

By: Irma Venter     5th March 2018 Research firm Frost & Sullivan’s latest analysis of the electric truck market finds that the global light/medium/heavy-duty hybrid and full electric truck segments are expected to reach yearly sales of more than 2.25-million units by 2025. Frost & Sullivan believes China will lead the... 

Dajin's Argentina JV hits high grades as the company readies for Nevada drilling

By: Henry Lazenby     28th February 2018 A surface sampling programme focused on an area of overlapping interest of the Salinas Grandes project, in Argentina – a joint venture (JV) property owned by Toronto-based LSC Lithium and Vancouver-based Dajin Resources – has extended the lithium footprint and confirmed the high-grade nature of... 

Seabridge goes the extra enviro mile with Johnny Mountain, Bronson mine clean-ups

By: Henry Lazenby     28th February 2018 Precious metals-focused project developer Seabridge Gold has undertaken significant effort to remediate the historic mining activities at the Johnny Mountain and Bronson mines, in north-western British Columbia, spending about C$6-million to date to ensure that the Iskut project is in compliance... 

South Africa to pilot first utility-scale vanadium redox flow battery

By: Nadine James     23rd February 2018 Aim-listed miner Bushveld Minerals’ 84%-owned energy subsidiary, Bushveld Energy, will be commissioning its first utility-scale vanadium redox flow battery (VRFB) for testing by State-owned power utility Eskom in May, says Bushveld Energy CEO Mikhail Nikomarov. Nikomarov notes that the... 

HVAC&R event breaks records

     23rd February 2018 The international Air Conditioning, Heating, Refrigerating Exposition (AHR Expo) set six all-time records, including more than 72 000 attendees and 49 995 registered visitors. The 70th edition of the world’s largest heating, ventilation, air conditioning and refrigeration (HVAC&R) marketplace... 

South Africa to pilot first utility-scale vanadium redox flow battery

By: Nadine James     23rd February 2018 Aim-listed miner Bushveld Minerals’ 84%-owned energy subsidiary Bushveld Energy will be commissioning its first utility-scale vanadium redox flow battery (VRFB) for testing by State-owned power utility Eskom in May, says Bushveld Energy CEO Mikhail Nikomarov. 

Newmont beats Q4 earnings forecast; output on par with largest gold producer Barrick

By: Henry Lazenby     22nd February 2018 US gold miner Newmont Mining has reported market-beating earnings for the three months ended December 31, and reported production that is on par with that of leading gold producer Barrick Gold. The Denver, Colorado-based miner reported headline earnings for the fourth quarter of $216-million, or... 

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