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Gold merger will create industry 'superpower'

By: Rebecca Campbell     19th October 2018 The merger between Barrick Gold (domiciled in Canada and dual-listed on the New York and Toronto stock exchanges) and Randgold Resources (domiciled in Jersey and dual-listed on the London and Nasdaq stock exchanges), announced last month and still awaiting shareholder and regulatory approvals,... 

Hilti

12th October 2018 Founded in 1941 in Schaan, Lichtenstein, Hilti is a family owned company with a long and proud tradition of providing system solutions for the construction industry, and as a world leader in fastening and demolition technology. For over 75 years, the company focuses on creating enthusiastic... 

Fertoz buys stockpiled ore in Montana

By: Esmarie Iannucci     10th October 2018 ASX-listed Fertoz has inked a marketing agreement over 100 000 t of additional phosphate ore resource close to its operations in Montana. Fertoz said on Wednesday that the stockpiled material provided sufficient supply to meet the company’s sales target of between 30 000 t and 50 000 t of... 

International investment in South Africa’s mining industry lagging  

By: Marleny Arnoldi     4th October 2018 Although international mining funds are choosing to invest in other jurisdictions, rather than in South Africa’s mining sector, there is still hope for the local mining sector, Anglo American nonexecutive director and Joburg Indaba international investment panel chair Jim Rutherford said on... 

Randgold's hook-up with Barrick to leave large void in London market

By: Reuters     2nd October 2018 A tie-up between Randgold Resources and Barrick Gold will leave a void in the London market for investors seeking exposure to gold via companies that produce the precious metal. Canada's Barrick Gold has agreed to buy Africa-focused Randgold for $6.5-billion to create the world's largest gold... 

Stibnite permitting schedule updated

By: Mariaan Webb     2nd October 2018 The date for the final record of decision (RoD) for the Stibnite gold project, in central Idaho, has been pushed out by two months to May 2020, explorer and developer Midas Gold reported on Monday, citing an updated schedule from the United States Forest Service (USFS). The USFS, in cooperation... 

Northern Star completes Pogo buy

By: Esmarie Iannucci     1st October 2018 Gold miner Northern Star Resources has completed its $260-million acquisition of the Pogo gold project, in Alaska, from Sumitomo Metal Mining company. Northern Star will receive the full financial benefit of Pogo from July this year, and as a result, the company’s full-year guidance has been... 

Energy Fuels to start vanadium production in November

By: Marleny Arnoldi     28th September 2018 NYSE- and TSX-listed Energy Fuels expects to resume vanadium production at its White Mesa mill, in Utah, in mid-November, with saleable vanadium oxide ready by the end of December. When production starts, Energy Fuels will be the newest vanadium producer worldwide and the only primary producer... 

Barrick's Bristow bet seen as boosting South America revival

By: Bloomberg     28th September 2018 Mark Bristow built a reputation as the developer and operator of lucrative mines in Africa. Now the world’s biggest gold mining company is betting he can do the same in another complex region, South America. The Randgold Resources founder is set to become CEO of Barrick Gold after Barrick said... 

Air freight volumes see reduced growth, but yields remain good

By: Rebecca Campbell     28th September 2018 The International Air Transport Association (IATA) has reported, in its “Cargo Chartbook Q3 2018”, that the yearly increase in air freight ton/kilometres (FTKs) had decelerated to 2.8% during the three month period ending in July. This was “its slowest pace on this basis in more than two years,”... 

Barrick silences its biggest critic by buying out Randgold

By: Bloomberg     24th September 2018 For more than two decades, Mark Bristow has been a thorn in the side of Barrick Gold. Now he’s its closest partner. The 59-year-old South African will take the role of chief executive officer at Barrick after the Canadian company inked a $5.4-billion deal to buy out Randgold Resources. It’s a... 

Aerosud appoints new board member

By: Creamer Media Reporter      21st September 2018 Aerosud Holdings (Pty) Ltd is proud to announce the recent appointment of Mr George Sebulela to its Board of Directors. George Sebulela is a highly experienced leader, entrepreneur and distinct professional with many years’ experience in strategy execution and investment banking in South Africa... 

DRA to conduct feasibility study for Guinea graphite project

By: Schalk Burger     19th September 2018 Engineering services multinational DRA has been appointed to conduct the feasibility study for Canada-based Guinea-focused mining company SRG’s Lola graphite project, in Guinea. DRA said in a statement on Wednesday that the project will be executed through the DRA Met-Chem office, in Montreal,... 

Passenger EV sales hit four-million units, fifth million expected in March

By: Irma Venter     10th September 2018 Cumulative passenger electric vehicle (EV) sales have, most likely, surpassed four-million units at the beginning of September, says Bloomberg New Energy Finance (NEF). This includes battery electric passenger vehicles and plug-in hybrid passenger vehicles. 

5G on its way, but roll-out to be pursued on a case-by-case basis

By: Natasha Odendaal     7th September 2018 The rush to test and implement fifth-generation (5G) services has already started, however, this time around, the latest technological advancement will not be built up or deployed in the same manner as preceding technologies, but rather be implemented on a use case basis. Despite the fact that... 

Significant growth expected in flame arrestor market

7th September 2018 The global flame arrestors market is estimated to be $713.8-million in 2018 and is projected to reach $924.7-million by 2023, at a compound annual growth rate of 5.31%, according to research company Research and Markets. In their report titled ‘Flame Arrestors Market by Type (In-Line and... 

5G on its way, but roll-out to be pursued on a case-by-case basis

By: Natasha Odendaal     7th September 2018 The rush to test and implement fifth-generation (5G) services has already started, however, this time around, the latest technological advancement will not be built up or deployed in the same manner as preceding technologies, but rather be implemented on a use case basis. Despite the fact that... 

Positive PEA results for Nevada lithium project

By: Tasneem Bulbulia     6th September 2018 TSX-V-listed Cypress Development has announced positive results from a preliminary economic assessment (PEA) of the company’s Clayton Valley lithium project in Nevada, US. Prepared by Colorado-based engineering services firm Global Resource Engineering, the PEA focuses on a mine producing an... 

Northern Star buys 300 000 oz/y Alaska gold mine

By: Esmarie Iannucci     30th August 2018 Gold miner Northern Star Resources will spend $260-million to acquire the 4.1-million ounce Pogo underground gold mine, in Alaska. The ASX-listed company on Thursday told shareholders that the acquisition will be funded from existing cash and a fully underwritten A$175-million placement to... 

X-ray technology enabling real-time analysis of gold ore samples Down Under

By: Esmarie Iannucci     24th August 2018 Australian gold explorers have been given the world-first option to access x-ray technology to detect and analyse unseen gold, cutting turnaround times significantly. The photon assay technology was developed by the Commonwealth Scientific and Industrial Research Organisation (CSIRO) over a... 

Global copper mine production up 5.7% in first five months of 2018 – ICSG

By: Marleny Arnoldi     21st August 2018 The International Copper Study Group (ICSG) says global mine production of copper in the first five months of this year increased by 5.7% year-on-year to about 450 000 t, while concentrate production increased by 5.5% year-on-year and solvent extraction and electrowinning (SX-EW) increased by 6%... 

Nutrien steers potash recovery as BHP waits in the wings

By: Reuters     20th August 2018 Canada's Nutrien, the world's biggest potash miner by capacity, has helped engineer a surprising price rebound for the fertilizer by idling capacity. Now the trick will be keeping prices from appreciating too much to ensure a major would-be competitor, BHP Billiton, stays on the sidelines. 

Sweden's Granges halts plans for US aluminium joint venture

By: Reuters     17th August 2018 Sweden's Granges put on ice on Friday plans to form an aluminium manufacturing joint venture in the United States with Japan's Mitsubishi Aluminum Co, saying that the project was less attractive in "current circumstances". It did not specify what circumstances it was referring to though a Granges... 

Sappi shares fall on lower Q3 profit

By: Simone Liedtke     13th August 2018 Dissolving wood pulp (DWP), paper and pulp producer Sappi’s share price on the JSE fell by as much as 10.4% on Monday after the company reported a 12% year-on-year decrease in net profit to $51-million for the third quarter ended June 30, compared with a net profit of $58-million reported for the... 

Fibre optics punted for pipeline monitoring amid major spills in mining and other sectors

By: Nadine James     10th August 2018 Fibre optics were invented to carry huge amounts of voice data over long distances very efficiently, but advancements in optical technology have enabled the use of specialised fibre optic cables as sensors with the ability to measure parameters such as acoustic energy, temperature, strain, and... 

Growth projected for global industrial furnaces and ovens market

10th August 2018 The global industrial furnaces and ovens market will reach $10 800-million by 2025, according to a report by market researcher QY Research. The global industrial furnaces and ovens market was valued at $9 530-million in 2017 representing a compound annual growth rate (CAGR) of 1.6% between... 

Global gold-backed ETF holdings fall significantly in July

By: Nadine James     7th August 2018 Holdings in global gold-backed exchange-traded funds(ETFs) and similar products fell by 39 t to 2 394 t in July, the World Gold Council (WGC) reported on Tuesday. This has pushed assets under management (AUM) in down to $94-billion from $98-billion in June. 

Boeing predicts strong global airliner and services demand until 2037

By: Rebecca Campbell     3rd August 2018 Global aerospace giant Boeing has predicted that 42 730 new jet airliners, worth $6.3-trillion, will be needed to meet demand over the next 20 years. This forecast was unveiled in the group’s “Commercial Market Outlook”, released at the recent Farnborough International Airshow in the UK. This... 

Japan steelmakers shrug off US tariffs in earnings but warn on automobile duties

By: Reuters     2nd August 2018 Japanese steelmakers reported little fallout in their first-quarter earnings from the US import tariffs on steel, but they all voiced growing concerns over possible US duties on automobiles which could hurt a wide range of Japan's industries. US President Donald Trump ordered a national security... 

Auto suppliers retool to chase electric vehicle bonanza

By: Reuters     1st August 2018 In what seems to be a magic trick, Dele Fayemi runs a batch of batteries in a beaker of boiling water - a physical impossibility that should cause a short circuit. But instead of a highly-dangerous combination of water and electricity, the 3M Co (MMM.N) engineer is testing the batteries in Novec,... 

Biodegradable polymer market value to grow to $1.7bn by 2023

By: Marleny Arnoldi     27th July 2018 As plastic regulations and bans on plastic bags and other single-use plastic items such as drinking straws increase globally, the demand and, therefore, market value of biodegradable polymers exceeds $1-billion and will rise sharply to $1.7-billion by 2023, says global information provider IHS... 

Lack of investment stymies SA coal producers

By: Nadine James     27th July 2018 A lack of investment is hindering the South African coal industry’s ability to capitalise on a period of relatively stable demand for thermal and metallurgical coal locally and abroad, says XMP Consulting senior coal analyst Xavier Prevost. The local coal industry is experiencing a challenging... 

Strong growth in smaller airliner segment predicted by Brazilian aerospace group

By: Rebecca Campbell     27th July 2018 Brazilian aerospace group Embraer, one of the world’s top two regional jet manufacturers, has forecast a global demand for 10 550 new airliners with capacities of 150 seats or less, over the next 20 years. This prediction was released at Farnborough in the UK on the day before the start of the... 

Newmont buys 50% of large Canada copper/gold project, forges partnership with Teck

By: Mariaan Webb     26th July 2018 Gold major Newmont on Thursday announced that it would pay $275-million for a 50% interest in the Galore Creek project, which with resources of eight-million ounces of gold and nine-billion pounds of copper is one of the world’s largest undeveloped projects of its kind. Newmont is buying half of... 

Freeport remains positive about copper despite trade tensions

By: Mariaan Webb     25th July 2018 US-based Freeport-McMoRan remains positive on the outlook for copper, despite the recent decline in prices associated with international trade developments, CEO Richard Adkerson affirmed on Wednesday. Copper has been caught up on the trade war rhetoric between the US and China, while at the same... 

Strong demand forecast for pilots, technicians and cabin crew in Africa and globally

By: Rebecca Campbell     25th July 2018 Africa will need 29 000 pilots over the next 20 years, US aerospace group Boeing has forecast. The continent will also need 28 000 technicians and 29 000 cabin crew. These predictions were made in the group’s 2018 “Pilot & Technician Outlook”, released on Tuesday. The report divides the world... 

PMI South Africa

20th July 2018 PMI South Africa is the local chapter of the Project Management Institute, the world’s leading and largest not for profit membership association for project management. PMI South Africa is the oldest continually operating PMI chapter outside North America, chartered in 1982.   Our mission is to... 

Aerospace group Boeing expects strong global airliner and services demand until 2037

By: Rebecca Campbell     18th July 2018 Global aerospace giant Boeing has predicted that 42 730 new jet airliners, worth $6.3-trillion, will be needed to meet demand over the next 20 years. This forecast was unveiled in the group’s 'Commercial Market Outlook', released at the Farnborough International Airshow, currently under way in... 

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