R/€ = 14.39 Change: 0.09
R/$ = 12.87 Change: 0.06
Au 1244.79 $/oz Change: 0.85
Pt 918.00 $/oz Change: -1.00


EQT to create biggest US natgas producer with $6.7bn Rice deal

By: Reuters     20th June 2017 EQT Corp was set to leapfrog Exxon Mobil as the largest US natural gas producer after saying on Monday it agreed to a deal to buy fellow Appalachian gas and oil firm Rice Energy for $6.7-billion. The tie-up would join two of the largest players in the Marcellus and Utica Shale formations, which... 

US Energy Department selects research projects for rare earths from coal industry

By: Creamer Media Reporter      13th June 2017 The US Department of Energy (DoE) has selected three projects for funding to research the recovery of saleable rare earth elements (REE) from domestic coal and coal byproducts. The DoE will invest about $3-million into these projects, which will focus on laboratory testing and the preparation of... 

Cape Town to host supply chain jamboree

By: Dylan Slater     2nd June 2017 Supply chain operations management association Sapics will focus on ‘Business Unusual’ for its upcoming yearly Sapics conference and exhibition for supply chain professionals, whereby delegates will be equipped to meet challenges linked to factors such as poor infrastructure and political... 

Franklin Bronze Precision Components Investing in People, Process, Products and Equipment

     6th April 2017 Franklin Bronze is pleased to announce that it has been making significant investments in people, process, products and equipment to increase productivity and efficiency; improve customer responsiveness; and drive innovation. John Nichols, General Manager, leads the Franklin Bronze team to... 

Implats wins $16m claim in US recycler default fraud case

By: Martin Creamer     4th April 2017 Platinum-mining company Implats has won a $16-million claim for constructive fraudulent transfer during the insolvency in the US of a former recycler of autocatalyst materials, which had a long-standing association with Impala Refining Services (IRS). Johannesburg Stock Exchange-listed Implats... 

Extra funding for another SA-based international radio telescope project

By: Keith Campbell     17th March 2017 The international Hydrogen Epoch of Reionisation Array (Hera) telescope, being constructed in South Africa’s radio astronomy reserve in the Karoo region in the Northern Cape province, has received a significant new cash injection, that will fund a major expansion of the array, SKA South Africa... 

Hydrogen Epoch of Reionisation Array project, South Africa

By: Sheila Barradas     10th March 2017 The Hydrogen Epoch of Reionisation Array has received a significant cash injection that will fund a major expansion of the array. 

Corsa Coal narrows FY16 loss, expects to raise coal output in 2017

By: Creamer Media Reporter      8th March 2017 TSX-V-listed metallurgical, thermal and  industrial coal producer Corsa Coal has narrowed its net loss for 2016 to $34.14-million, compared with the loss of $152.99-million in 2015. Adjusted earnings before interest, taxes, depreciation and amortisation improved to $6.63-million, compared with... 

South Africa-based international radio telescope project gets more cash

By: Keith Campbell     6th March 2017 The international Hydrogen Epoch of Reionisation Array (Hera) telescope, being constructed in South Africa’s radio astronomy reserve in the Northern Cape province, has received a significant new cash injection, that will fund a major expansion of the array, SKA South Africa (SKA SA) announced on... 

Next-generation voltage drives launched

     27th January 2017 Earlier this month power generation and transmission systems supplier Siemens announced the release of its next generation of the Sinamics Perfect Harmony GH180 medium voltage drive. The company mentions that the new generation drive, manufactured in Pennsylvania, in the US, features an... 

Corsa coal aims to double 2017 met coal sales

By: Henry Lazenby     13th January 2017 Despite steelmaking metallurgical coal prices correcting sharply since the start of the year, US miner Corsa Coal expects to double met coal sales in 2017, bolstered by the strong price rally for the bulk commodity over the past six months. Metallurgical coal-focused Corsa said Wednesday it... 

BMI bumps up US coal outlook despite poor fundamentals

By: Henry Lazenby     12th January 2017 US coal production growth is forecast to be 1.5% in 2017 and 2% in 2018, up from previous forecasts of a respective contraction of 4% and 3% over the same periods, Fitch-affiliated market analyst BMI Research said in a recent trend analysis. “We have revised upward our US coal production growth... 

Atlantic Sunrise pipeline project, US

By: Sheila Barradas     18th November 2016 The project aims to expand Transco’s existing pipeline system from the Marcellus shale production area, in northern Pennsylvania. 

Gold surges most since Brexit as Trump win fuels market turmoil

By: Bloomberg     9th November 2016 Gold soared by the most since Britain’s Brexit vote in June as Donald Trump won the US Presidency, prompting a rush to havens and a flight from risky assets. Bullion jumped as much as 4.8% to $1 337.38 an ounce, the biggest intraday increase since June, and traded at $1 317.17 by 7:44 in London,... 

Mountain Valley pipeline project and Equitrans expansion project, US

By: Sheila Barradas     14th October 2016 The project will transport natural gas produced in the Appalachian basin to markets in the north-east, mid-Atlantic and south-eastern US. 

Rover Pipeline, Panhandle Backhaul and Trunkline Backhaul projects, US

By: Sheila Barradas     7th October 2016 The project involves the construction of a new natural gas pipeline in Michigan, Ohio, Pennsylvania and West Virginia. 

SMS Technical Services opens new workshop in the U.S.A.

     6th October 2016 In Osceola, in the southern U.S. state of Arkansas, SMS Technical Services has opened a new service and maintenance workshop less than two miles away from the steel plant of Big River Steel (BRS). SMS Technical Services will take care of all service and maintenance activities... 

Flexicon Opens New Office In Germany

     3rd October 2016 Flexicon (Europe) Ltd has opened a new office here to provide factory-direct engineering services and technical sales support to customers throughout Germany, it was announced by Keith Bourton, Managing Director. "The Aschaffenburg location will fuel Flexicon's rapid growth in the region by... 

PennEast pipeline project, US

By: Sheila Barradas     23rd September 2016 The project proposes the construction of a pipeline and above-ground facilities. 

Caterpillar to cut nearly 200 jobs as it seeks alternatives for certain underground products

By: Henry Lazenby     19th August 2016 In dealing with the longest down cycle in its 90-year history, US mining equipment manufacturer Caterpillar is pursuing strategic alternatives for its room-and-pillar products and discontinuing the manufacture of track drills. The Peoria, Illinois-based company said Thursday it would forthwith... 

Atrum to get its foot in the door with anthracite deal

By: Megan van Wyngaardt     11th August 2016 ASX-listed Atrum Coal has secured the supply of up to 100 000 t of anthracite though an option agreement with Atlantic Carbon Group (ACG) to its target customers in Europe, South America and Asia. The two parties will share profits generated by the sale of anthracite on a 50:50 basis, with the... 

Automated pharmaceutical dryer improves productivity

     5th August 2016 Thermal processing equipment manufacturer Thermal Product Solutions (TPS) last month announced the shipment of a custom built automated Gruenberg Class A pharmaceutical dryer, designed to meet specifications for an emerging pharmaceutical manufacturing technology.  The dryer was designed to... 

This coal miner’s getting paid to buy assets in Appalachia

By: Bloomberg     26th July 2016 James Booth has done it again. In September, his Booth Energy coal group bought a collection of Appalachian mines from a Florida utility company for nothing beyond liabilities. On Monday, it acquired another two sites in West Virginia -- this time, from Consol Energy Inc. – for nothing beyond... 

Atlantic Sunrise pipeline project, US

By: Sheila Barradas     10th June 2016 The project aims to expand Transcontinental Gas Pipe Line Company’s existing pipeline system from the Marcellus shale production area. 

Mariner East project – Phase 2, Pennsylvania, US

By: Sheila Barradas     3rd June 2016 Fluor Corporation has been awarded a construction management contract for the project. 

HammerTek expands defection elbow product offering

By: Creamer Media Reporter      25th May 2016 The cast aluminium line of Smart Elbow deflection elbows from manufacturer HammerTek is now available in tube and pipe sizes from 3.8 cm up to 30.5 cm in diameter, helping to improve materials handling in dilute-phase and dense-phase pneumatic conveying systems applications. The deflection... 

Upbeat Corsa Coal narrows Q1 net loss as prices rise

By: Henry Lazenby     19th May 2016 US coal producer Corsa Coal has narrowed its first-quarter net loss to $8.29-million, up from a loss of $25.62-million in the comparable quarter ended March 31 a year earlier, despite falling sales and revenues. The company believed that January marked a 12-year bottom for metallurgical coal... 

Alpha reels in more than expected as Vantage wins $339.5m bid for coal, oil assets

By: Henry Lazenby     18th May 2016 US coal producer Alpha Natural Resources on Tuesday announced that Vantage Energy Appalachia II was the successful bidder for certain oil and natural gas assets known as the PLR assets, in south-west Pennsylvania, as its winning cash bid of $339.5-million far exceeded the previous ‘stalking... 

Implats secures US court order against platinum recycler

By: Martin Creamer     4th May 2016 Platinum mining company Impala Platinum (Implats) has secured a court order against a US platinum recycler, from which it is claiming $201-million. Implats said on Wednesday that the order, issued by the US District Court for the Eastern District of Pennsylvania, confirmed a London Court of... 

Corsa Coal’s Q4 loss slides as prices, sales plunge

By: Henry Lazenby     1st April 2016 TSX-V-listed coal producer Corsa Coal has reported a fourth-quarter net loss of $106.35-million for the three months ended December 31, as realised prices for both its main operating segments fell. The company’s coal operations were conducted through the Somerset, Pennsylvania-based Northern... 

Local scientists dismayed at mining operations at heritage site

By: Anine Kilian     18th March 2016 University of the Witwatersrand (Wits) scientists have warned that the existence of Canteen Kopje, a key archaeological and historic heritage site near Barkly West in the Northern Cape, in South Africa, is in jeopardy owing to an illegal mining operation as well as other illegal miner activity.... 

Alpha Natural to re-emerge from bankruptcy by June 30

By: Henry Lazenby     8th March 2016 Bankrupt US coal miner Alpha Natural Resources on Tuesday said it hoped to exit bankruptcy proceedings by June 30, after it filed a Chapter 11 plan of reorganisation with the US Bankruptcy Court for the Eastern District of Virginia. Under the reorganisation plan, the company outlined its... 

US EPA science panel raises fracking study questions

By: Bloomberg     22nd January 2016 A landmark study by the US Environmental Protection Agency (EPA) that concluded fracking causes no widespread harm to drinking water is coming under fire – this time, from the agency’s own science advisers. The EPA’s major finding in June’s preliminary report, that there’s no evidence fracking... 

Consol Energy secures 3yr thermal coal sales agreements, increases gas hedges through 2018

By: Henry Lazenby     12th December 2015 US fossil fuels producer Consol Energy on Friday reported that it had closed several term coal deals totalling 10.8-million tons over a three-year period. These agreements, along with 650 000 t of further commitments for 2016, increased Consol’s Pennsylvania operations’ 2016, 2017 and 2018 sold... 

Financial sector gears up for Twin Peaks implementation next year

By: Natasha Odendaal     26th November 2015 As Parliament mulls the new regulatory framework to govern South Africa’s financial industry, the sector is preparing for its promulgation; however, it will require a complete “rethink” of the way regulators guide financial institutions. The tabling of the Financial Sector Regulation (FSR) Bill... 

FMC sees lithium demand, prices growing despite lower Q3 revenue

By: Henry Lazenby     3rd November 2015 US chemical manufacturer FMC Corp has reported a 15% year-on-year decline in the third-quarter revenue of its lithium business segment, as “encouraging” demand and pricing trends across the portfolio were negatively impacted by inflation in Argentina. Subsidiary FMC Lithium reported revenue of... 

Consol’s stock tanks as it misses analyst targets, turns a profit

By: Henry Lazenby     27th October 2015 The NYSE-listed stock of diversified energy producer Consol Energy lost as much as 28% on Tuesday after the company reported third-quarter earnings that missed analyst forecasts by a wide margin. Despite cuts to retiree benefits and an asset sale boosting Consol’s bottom line for the three months... 

Consol rakes in more than $100m through 2 asset sales

By: Henry Lazenby     7th October 2015 US fossil fuels producer Consol Energy has strengthened its balance sheet by about $101-million after selling two assets in separate transactions and will use the proceeds to reduce debt. NYSE-listed Consol sold its 49% interest in the Western Allegheny Energy (WAE) joint venture to Rosebud... 

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