R/€ = 17.42 Change: 0.09
R/$ = 15.57 Change: 0.15
Au 1217.28 $/oz Change: 9.47
Pt 974.50 $/oz Change: 5.50


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... 

Factory Calibration of Integrated Instrument Module Ensures Specified Performance and Accuracy in Wireless Manufacturing Test

     5th October 2015 Keysight Technologies, today announced the VXT PXIe vector transceiver, a fully calibrated instrument module that provides vector signal generation and analysis in four slots. With accelerated measurements and deep software, the VXT is purpose-built for rapid solution creation and faster... 

Three-dimensional printing research and development centre expansion, US

By: Sheila Barradas     25th September 2015 Alcoa is expanding its research and development centre to accelerate the development of advanced three-dimensional printing materials and processes. 

US anthracite producer Blaschak expands Pennsylvania ops

By: Henry Lazenby     17th September 2015 Two new properties and about three-million tons of reserves have been added to US anthracite producer Blaschak Coal's Pennsylvania-based operations, giving the company, one of the country's top anthracite producers, five active mine locations containing high-quality reserves. The company –... 

Alcoa invests $60m in 3D-printing R&D centre expansion

By: Henry Lazenby     3rd September 2015 Specialty alloys firm Alcoa will invest $60-million to expand a research and development (R&D) centre near Pittsburgh, Pennsylvania, that would accelerate advanced three-dimensional (3D) printing materials and processes. NYSE-listed Alcoa has been transforming its business focus in recent years,... 

Atlas Copco and Rand Air dedicate 67 hands-on minutes to Cotlands in honour of Mandela Day

     11th August 2015 Atlas Copco South Africa and Rand Air, part of the Atlas Copco Group, paid tribute to Mandela Day by participating in two hands-on initiatives in support of Cotlands’ development programmes for infants and young children. On Monday 21st July, Atlas Copco ACademy’s Mopane training room was a hive... 

Deliveries, not purchase orders place IBC Advanced Alloys ahead of pack 

By: Henry Lazenby     10th August 2015 Advanced alloys and precision castings company IBC Advanced Alloys is confident that its new disruptive beryllium-aluminium alloy casting process, known as Beralcast, would attract attention from diverse industries, where the striving for increased efficiency drove demand for super lightweight... 

Consol Energy halts steelmaking coal IPO as low coal, oil prices dent Q2 earnings

By: Henry Lazenby     28th July 2015 US oil, gas and coal producer Consol Energy has put the planned initial public offering (IPO) of its metallurgical coal business on hold, citing the continued degradation of metallurgical coal prices on Tuesday. The MetCo IPO of up to 20% of the subsidiary's equity was expected to occur early in... 

United States Steel Corporation places order for electric arc furnace and vacuum tank degasser with SMS USA, to supply energy products

     13th July 2015 United States Steel Corporation (U. S. Steel), a Fortune 200 company headquartered in Pittsburgh, Pa., is a leading integrated steel producer with major production operations in the United States and Central Europe. Offering a wide range of value-added steel sheet and tubular products for its... 

Consol Energy’s thermal coal unit CNX launches IPO for 42.2%

By: Henry Lazenby     16th June 2015 CNX Coal Resources, a master limited partnership established by US fossil fuels producer Consol Energy has launched an initial public offering of ten-million common units, representing a 42.2% limited partner interest in the thermal coal business. If in full their option to purchase the... 

Alpha Natural loses eligibility for Wyoming’s ‘self-bonding’ programme

By: Henry Lazenby     29th May 2015 US coal producer Alpha Natural Resources had been notified by the Wyoming Department of Environmental Quality's Land Quality Division (LQD) that the LQD believed the company no longer qualified under the ‘self-bonding’ programme in the state, under which Alpha avoided insurance or provisions of... 

New Holland Agriculture pavilion opens its doors at EXPO Milano 2015.

     5th May 2015 • New Holland Agriculture is the only agricultural equipment manufacturer present at EXPO with its own pavilion that opens its doors on 1st May, inaugurating the exhibition and a series of events and conferences, all strictly linked to sustainable farming and agricultural mechanization as an... 

Alpha Natural Resources’ Q1 revenue declines as coal price slump continues

By: Henry Lazenby     30th April 2015 US coal miner Alpha Natural Resources has reported lower first-quarter revenues as the coal-industry downturn continues unabated. The Bristol, Virginia-based miner reported total revenues for the three months ended March 31 of $841-million, down 24% compared with $1.1-billion in the first quarter... 

Consol Energy reports 32% slide in Q1 earnings as prices fall

By: Henry Lazenby     28th April 2015 NYSE-listed fossil fuels producer Consol Energy has reported a 32% year-over-year drop in first-quarter earnings as improved output was offset by falling prices for its coal and oil and gas products. The Pittsburgh-based company on Tuesday reported net income fir the three months ended March 31... 

Commerce Resources successfully completes rare earth pilot plant trials

By: Henry Lazenby     23rd April 2015 The first phase in a series of flowsheet pilot plant tests on material from Commerce Resources 100%-owned Ashram project has been completed, the Quebec-focused rare earths project developer reported this week. The TSX-V-listed firm said the pilot plant had produced enough bulk quantities of... 

Atlantic Sunrise project, US

By: Sheila Barradas     17th April 2015 Transco has filed an application with the Federal Energy Regulatory Commission seeking authorisation for its Atlantic Sunrise expansion project. 

Atlantic Sunrise project, US

By: Sheila Barradas     10th April 2015 The Atlantic Sunrise project is a proposed expansion of the existing Transco natural gas pipeline, which currently transports about 10% of the US’s natural gas. 

Medupi lock-out a declaration of war – Numsa 

By: News24Wire      8th April 2015 The strike at Medupi Power Station is expected to resume on Wednesday, after unions representing affected workers met on Tuesday after the Easter break and decided to down tools. The National Union of Metalworkers of South Africa (Numsa) announced that its workers would join others in strike... 

Oil price decline shakes up North American growth prospects

By: Henry Lazenby     24th March 2015 The continued slide in crude oil prices will weigh on Canadian economic growth over the next few years, despite being offset by ultralow interest rates, a weaker Canadian dollar, resilient growth in the key US export market and energy cost savings for consumers, economists at Toronto-Dominion... 

Thompson Creek Metals improves full year performance, revenue up 86%

By: Henry Lazenby     20th February 2015 Denver, Colorado-based Thompson Creek Metals has improved headline earnings for the year ended December 31, as its new Mount Milligan copper/gold mine, in British Columbia, almost put in a full year of commercial production, providing respite from low molybdenum prices. The NYSE- and TSX-listed... 

Despite low energy prices, Consol Energy expects to grow E&P output 30% in 2015/16

By: Henry Lazenby     30th January 2015 Despite oil prices having tested multiyear lows in recent months, which has seen many producers scrambling to cut costs in an effort to survive, US oil, gas and coal producer Consol Energy expects to continue expanding its exploration and production (E&P) division by 30% this year and again in... 

Constitution pipeline project, US

     12th December 2014 The Federal Energy Regulatory Commission issued an order approving the construction of the Constitution Pipeline Company’s proposed pipeline. 

Consol Energy creates MLP for thermal coal assets, announces share buy-back

By: Henry Lazenby     11th December 2014 The NYSE-listed stock of US coal and gas producer Consol Energy rose 3% in after-market trading on Wednesday, following the company’s announcement that it had formed a master limited partnership (MLP) for its thermal coal business. The Pittsburgh-based company said the MLP's purpose would be to... 

Constitution pipeline project, US

By: Sheila Barradas     21st November 2014 Constitution Pipeline Company reported a key regulatory milestone in October this year towards the approval to construct its proposed pipeline. 

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