R/€ = 16.10 Change: -0.01
R/$ = 13.69 Change: -0.03
Au 1274.92 $/oz Change: -5.88
Pt 918.00 $/oz Change: -5.50


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,... 

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... 

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