R/€ = 16.23 Change: -0.04
R/$ = 14.67 Change: -0.03
Au 1460.67 $/oz Change: 0.65
Pt 895.22 $/oz Change: 0.65


Portugal's Lusorecursos in talks to fund €400m lithium project

By: Reuters     27th November 2019 Portuguese mining company Lusorecursos said on Wednesday it was negotiating a €400-million funding deal with several international players as it gears up to explore for lithium in the country's northern region. Portugal is Europe's biggest lithium producer, but its miners sell almost exclusively... 

First Cobalt seeks government backing to restart Canadian refinery

By: Reuters     13th November 2019 First Cobalt is in advanced talks with Canada's Ontario province to finance the $37.5-million required to restart its idled cobalt refinery, president and CEO Trent Mell said in an interview on Tuesday. If successful, such a deal would reduce First Cobalt's funding reliance on Glencore, which in... 

Traxys agrees cobalt marketing deal with Nornickel - sources

By: Reuters     1st November 2019 Commodity trading firm Traxys has agreed to market large amounts of Norilsk Nickel's production of battery metal cobalt for up to three years, effective immediately, three sources familiar with the matter said. Cobalt is a key component of the lithium-ion rechargeable batteries that power... 

RTS Africa Technologies principal H2Scan opens new Environmental Conditioning Laboratory to further 'refine' hydrogen detection in gas process streams

1st November 2019 Hydrocarbon fuels are essential for our daily existence. However, extracting usable fuels from crude oil is a complex process in which hydrogen plays a cardinal role, as the correct levels of hydrogen in a refinery process stream largely determine the quality of the final product. “At RTS Africa... 

Hook-Block The Star Of This Overhead Crane

29th October 2019 The humble hook-block was recently elevated in status to become the key component of an electric overhead crane completed by Condra for a metal refinery. Custom designed to specification, the block comprised an electrically insulated square steel frame suspended horizontally from four rope... 

Rand-Air’s oil-free compressors, portable generators and nitrogen generators ensure ‘well-oiled’ refinery shutdowns

22nd October 2019 An oil refinery is a very large and highly complex installation. Because of this complexity and the nature of the process, shutting the plant down for ad hoc repairs is not an economical option. Oil and gas refineries are designed so that they will run uninterrupted for a period of 18 months to... 

First Cobalt assesses refinery conditions prior to restart decision

By: Mariaan Webb     10th October 2019 North American cobalt company First Cobalt has restored power to its refinery north of Toronto, Canada, and has deployed a team of engineers and technicians to assess the condition of the equipment that has been on care-and-maintenance since 2015. The field programme, which will run for the next... 

Rio's Canadian operations get certified

By: Esmarie Iannucci     24th September 2019 Diversified miner Rio Tinto’s Canadian aluminium operations have been extended with the Aluminium Stewardship Initiative’s (ASI) Chain of Custody certification, reinforcing the miner’s commitment to responsible mining and metals production. The certification provides independent verification... 

Looks like hydrogen economy could happen – CPM  

By: Martin Creamer     13th September 2019 Hydrogen energy has been like science fiction since the post-World War II period. Many have dreamed about being able to replace oil and natural gas with hydrogen, but limiting factors have been been the cost of production and safety issues. Now, widespread sun and wind power use as well as liquid... 

Zimplats increases revenue, progresses projects during the year

By: Tasneem Bulbulia     30th August 2019 Zimbabwean platinum group metals (PGMs) miner Zimplats, in which JSE-listed Impala Platinum holds an 87% interest, achieved a net profit of $144.9-million for the financial year ended June 30. This is significantly higher than the net profit of $2.6-million reported for the 2018 financial year. 

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