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Alcoa transfers $555m in Canadian pension obligations, assets to 3 insurers

By: Henry Lazenby     4th April 2018 US-based aluminium producer Alcoa has signed agreements with three insurers to transfer about $555-million in Canadian pension obligations and related assets of its defined benefit pension plans in Canada. The Pittsburgh, Pennsylvania-based company advised that it expects to book a noncash... 

Treasury implements Twin Peaks model of financial sector regulation

By: Marleny Arnoldi     29th March 2018 South Africa’s financial regulatory system will fundamentally change as from April 1, when two new regulators come into operation – the Prudential Authority (PA) and the Financial Sector Conduct Authority (FSCA), the National Treasury said on Thursday.  

Wall Colmonoy Celebrates 80 Years of Making Metals Work Harder

27th March 2018 Wall Colmonoy, a global materials engineering group of companies engaged in the manufacture of advanced metal coatings and components, was established in 1938 in Detroit, Michigan by Albert F. Wall. Mr. Wall was a Canadian who immigrated to Detroit in the 1920s, after graduating as a Chemical... 

Trump says trade wars 'aren't so bad' in answer to Europe threat

By: Bloomberg     7th March 2018 President Donald Trump reiterated his commitment to slapping tariffs on steel and aluminum, dismissing concerns about a global trade war and saying the US has suffered from poor trading conditions with other nations, including those in the European Union. Just hours later, White House economic... 

Northam Platinum to create 6 500 new jobs in growth thrust 

By: Martin Creamer     23rd February 2018 Platinum group metals (PGMs) mining company Northam, which is in a strong organic and acquisitive growth phase, will be generating 6 500 new mining jobs in the next four to five years, which dovetails with President Cyril Ramaphosa's 'sunrise' aspirations expressed in his well-received State of... 

Trump weighs tariffs, quotas on US steel, aluminium imports

By: Reuters     14th February 2018 US President Donald Trump said on Tuesday he was considering a range of options to address steel and aluminium imports that he said were unfairly hurting US producers, including tariffs and quotas. Trump's comments - his strongest signal in months that he will take at least some action to... 

Corsa Coal rises 23% on strong 2018 production outlook

By: Henry Lazenby     16th December 2017 The TSX-V-listed stock of Corsa Coal rallied as much as 23% on Friday following a company announcement calling for a much stronger metallurgical coal production outlook in 2018 and an overall increase in premium low volatile metallurgical coal sales. “In 2018, Corsa is guiding towards... 

SA Hippo Founder Celebrates 38 Years Of Innovative Manufacturing.

11th December 2017   Hazleton Pumps International (Pty) Ltd previously known as Electro-Mech (Pty) Ltd was registered on 23 October 1979 with electrical and mechanical contracting being the main business activities of the company. Electro-Mech further expanded the business to include borehole drilling and the... 

Corsa sees sales volume growth for sixth consecutive quarter

By: Anine Kilian     17th November 2017 Even though the global supply chain for metallurgical coal remains challenged and prone to disruption, strong steel pricing and production levels have helped to sustain a high level of demand for raw materials, which include metallurgical coal, according to Corsa Coal CEO George Dethlefsen. In a... 

Atlantic Sunrise pipeline project, US

By: Sheila Barradas     17th November 2017 The US Court of Appeals for the District of Columbia has denied an emergency motion to stay the Federal Energy Regulatory Commission’s authorisation of the Atlantic Sunrise pipeline project. 

Consol board approves E&P, coal demerger as Q3 earnings turn negative

By: Henry Lazenby     31st October 2017 The board of US-based fossil energy producer Consol Energy has approved the company's split into two different, publicly traded companies, Consol announced on Tuesday. The Cecil-based energy company will officially split on November 28, when Consol shareholders will receive one share of common... 

UCT’s business school to participate in UN programme research council

By: Mia Breytenbach     27th October 2017 The University of Cape Town’s (UCT’s) Graduate School of Business (GSB) has been named as one of nine leading universities to be part of a partnership with the United Nations Development Programme (UNDP) to develop a research agenda that will better leverage private investment to finance the... 

Consol’s coal spin-out launches $350m debt offering

By: Henry Lazenby     23rd October 2017 Consol Energy’s new subsidiary Consol Mining, which will hold the parent’s coal assets following the spin-out of the coal business into a new separate entity, plans to raise $350-million in debt. The Delaware-incorporated entity said that, subject to market and other conditions, it intends to... 

Atlantic coast pipeline and supply header project, US

By: Sheila Barradas     20th October 2017 The project aims to deliver up to 43-million cubic metres of natural gas. 

Atlantic Sunrise pipeline project, US

By: Sheila Barradas     22nd September 2017 Construction is officially under way in Pennsylvania on the greenfield portion of the project. 

Pennsylvania permitting delay prompts Consol to change Bailey mine plan

By: Henry Lazenby     19th September 2017 A delay by the Pennsylvania Department of Environmental Protection (DEP) in evaluating the approval of the Bailey mine permit for the 4L panel has pressed Consol Energy to move the longwall to another panel to resume operations. The company expects the longwall move to last about four weeks and... 

Coal market boom casts bullish trajectory for Corsa as it prowls for M&A ops

By: Henry Lazenby     14th September 2017 Surprising as it may seem, coal demand is at an all-time high, with the current heydays spelling “good profits and rising margins” for several miners in this space, including US-focused Corsa Coal. The TSX-V-listed miner, which produces coal from six mines, has one development mine and operates... 

Northam Platinum set to self-fund R1.3bn capex programme 

By: Martin Creamer     29th August 2017 The capital expenditure of platinum-mining company Northam in this financial year is expected to reach the R1.3-billion mark, well above the R774-million in the 12 months to June 30. Northam, which is in the midst of significant expansion, sees project execution as the key to its foreseeable future. 

Platinum, palladium, rhodium on 3-way price parity path – Northam 

By: Martin Creamer     25th August 2017 The platinum group metals (PGM) market may be heading for three-way price parity, Northam Platinum CEO Paul Dunne pointed out when the company presented a 60% rise in operating profit to R614-million in the 12 months to June 30, reflecting the benefits of the company’s growth strategy,... 

Mountain Valley pipeline project and Equitrans expansion project, US

By: Sheila Barradas     18th August 2017 The project aims to build and operate a new 489-km-long, 107-cm-diameter pipeline in West Virginia and Virginia. 

Corsa's coal sales volume growth above 20% for fifth consecutive quarter

By: Henry Lazenby     17th August 2017 Improvements in the metallurgical coal market has pushed US-focused coal producer Corsa Coal to a second quarter profit, and marked the company’s fifth consecutive quarter of growth of 20%, or greater, in metallurgical coal sales volumes. Canonsburg, Pennsylvania-based Corsa reported positive net... 

As Trump sings coal's praises, mine fatalities are on the rise

By: Bloomberg     4th August 2017 Ray Hatfield Jr. was six months into his latest coal job when he was crushed to death in a Kentucky mine. Hatfield, a 23-year industry veteran, was cleaning a conveyor belt that shuttled coal to the surface of the Appalachian mine on the morning of Jan. 26. When his clothing got caught, he was... 

Great Panther appoints former Aura Minerals boss Bannantine as CEO

By: Samantha Herbst     2nd August 2017 TSX- and NYSE-listed silver miner and explorer Great Panther Silver has appointed Jim Bannantine president and CEO, following the resignation of Robert Archer, who announced his intention to step down this year in April. "Jim brings a record of exceptional leadership, growing companies and deep... 

Positive signals herald increased US reliance on nuclear as part of renewables mix

By: Henry Lazenby     28th July 2017 Changing global macroeconomic trends are increasingly making more space for nuclear power to support renewable energy roll-outs, boding well for the uranium market, which has been dealing with unsustainably low prices for nearly a decade, according to former US secretary of energy and current... 

Consol Energy contemplates total coal, gas split

By: Henry Lazenby     11th July 2017 The NYSE-listed stock of Consol Energy on Tuesday rose 6.6%, following the company’s pre-market announcement that it would separate its coal and natural gas business units into two publicly traded companies. Consol filed a registration statement with the US Securities and Exchange Commission to... 

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,... 

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