http://www.engineeringnews.co.za
R/€ = 15.17 Change: -0.28
R/$ = 13.03 Change: -0.10
Au 1246.62 $/oz Change: 4.23
Pt 926.50 $/oz Change: 4.50
 

Topic

Mercedes-Benz seeks ‘fair share’ of growing bakkie market with new X-Class 

By: Irma Venter     20th July 2017 With a new-bakkie market of roughly 110 000 units a year, Mercedes-Benz South Africa (MBSA) would like to secure its “fair share” of this lucrative, “but highly competitive” segment with the launch of the new X-Class in the local market in the first half of next year, says Mercedes-Benz Vans... 

A pearl at a time, Fission redefines Saskatchewan’s Athabasca basin 

By: Henry Lazenby     19th July 2017 Since the November 2012 discovery of a new high-grade uranium deposit just outside the south-western corner of Saskatchewan’s famed Athabasca basin, where the world’s highest-grade uranium mines are found, explorer Fission Uranium has succeeded in stringing together new uranium discoveries “like... 

Over halfway into the year, steel outshines oil markets

By: Reuters     19th July 2017 Over halfway into 2017, China's steel market has been the best performer among key Asian commodities because of cuts in low-grade steel production capacity that have reduced supply as demand has remained surprisingly strong. However, oil markets have been the worst performer despite a pledge by... 

North-West University to offer nuclear technology management degree

By: Anine Kilian     18th July 2017 The Nuclear Industry Association of South Africa (Niasa) has congratulated North-West University (NWU) on the official introduction of the MEng Nuclear Technology Management degree, which aims to provide nuclear and management skills to professionals intending to apply their trade in the nuclear... 

Civil society unites to combat State capture  

By: Sane Dhlamini     18th July 2017 Representatives from over 130 civil society organisations gathered on Tuesday at the Conference for the Future of South Africa, in Johannesburg, to publicly unite South Africa against corruption, State capture and the abuse of power by President Jacob Zuma’s government. The conference, organised... 

Oil climbs as firm demand absorbs ample supply

By: Reuters     18th July 2017 Oil rose on Tuesday as demand soaked up some of the surplus supplies from Opec and the United States, but traders said the market was trading in a tight range and showed few signs of big short term moves. Benchmark Brent crude LCOc1 was up 70 cents at $49.12 a barrel by 1150 GMT, while US light... 

Amur completes operating cost review for Kun-Manie

By: Creamer Media Reporter      17th July 2017 An independent review has projected an “encouraging” price tag of $1.78/lb of nickel-in-concentrate delivered to Ulak rail station, located on the Baikal Amur rail line, from the potential Kun-Manie nickel-copper sulphide project, in Russia, said Aim-listed Amur Minerals on Monday. The appointed... 

Polymetal ups stake in ‘perfect fit’ Nezhda deposit

By: Mariaan Webb     17th July 2017 Encouraged by the recently published resource estimate for the Nezhdaninskoye gold deposit, in Yakutia, Russia, LSE-listed Polymetal has decided to increase its shareholding in the joint venture (JV) project to 24.7%, with an option to acquire the remaining stake. A new shareholder agreement has... 

Trans Siberian Q2 production falls, FY guidance unchanged

By: Mariaan Webb     17th July 2017 UK-based Trans Siberian Gold remains on target to produce between 32 000 oz and 36 000 oz of gold this year, despite lower second-quarter output from the Asacha mine, in Russia. The mine, in the Kamchatka region of Far East Russia, produced 7 363 oz of refined gold in the June quarter, which... 

Rough diamond market stable – Alrosa

By: Creamer Media Reporter      14th July 2017 Diamond mining major Alrosa has sold $2.497-billion worth of rough and polished diamonds in the first six months of 2017. Rough diamond sales comprised $2.442-billion of the total sales. 

Metair buys into Germany battery manufacturer

By: Irma Venter     14th July 2017 The JSE-listed Metair group has acquired a 25.1% shareholding in Germany-based battery manufacturer and supplier, Akkumulatorenfabrik Moll (Moll), at a cash price of €7.425-million (R111.4-million). Metair is a global manufacturer, distributor and retailer of energy storage solutions and... 

Nuclear collaboration is all that this country is looking for

By: Kelvin Kemm     14th July 2017 I spent a week in Moscow recently, attending the yearly Russian nuclear power conference and exhibition, Atomexpo 2017. As chairperson of the South African Nuclear Energy Corporation, or Necsa, I was invited to chair the opening session of the conference, which was attended by hundreds of people... 

Gold edges up after Yellen rate hike view

By: Reuters     13th July 2017 Gold edged higher on Thursday on a weaker dollar and lower US yields, with investors wagering that policy tightening in the United States would be glacial at best, though gains were capped by surging global stock markets. The dollar was steady against a currency basket, having fallen to its... 

Russia's Sberbank begins physical gold trading on Shanghai exchange

By: Reuters     13th July 2017 Russia's biggest bank Sberbank said on Thursday its Swiss subsidiary had begun trading physical gold on the Shanghai Gold Exchange. Sberbank was granted international membership of the Shanghai exchange in September last year and in July completed a pilot transaction with 200 kg of gold kilobars... 

Muted growth forecast for Europe’s mining industry

By: Creamer Media Reporter      13th July 2017 Mining and metals companies operating in Europe are set to remain in recovery mode, as a sluggish recovery in mineral prices keep investment activity subdued, while environmental regulations will pose headwinds for coal-producing countries. BMI Research said on Thursday that mineral prices were... 

Rusal resumes Taishet aluminium project, sees deeper global deficit

By: Reuters     13th July 2017 Russia's Rusal has resumed construction of its long-stalled Taishet aluminium smelter project in Siberia in expectation of a widening global aluminium deficit, the company said on Wednesday. The world's second-largest aluminium producer behind China's Hongqiao needs a further $700-million to... 

Nigeria to put off deciding whether to join OPEC cuts, minister says 

By: Reuters     13th July 2017 Nigeria supports OPEC's efforts to stabilize oil prices, but it wants to wait before deciding whether join the cartel's cuts in oil production, its oil minister said on Wednesday. "Hopefully, in the next two to three months we can see how predictable the production return has been and then can... 

Opec sees lower demand for its oil in 2018, points to surplus

By: Reuters     12th July 2017 World demand for Opec's crude will decline next year as US shale producers and other rivals pump more, Opec said on Wednesday, suggesting the oil market will see a surplus in 2018 despite an Opec-led output cut. In a monthly report, the Organization of the Petroleum Exporting Countries forecast... 

China's new Silk Road encroaches on US turf in Eastern Europe

By: Bloomberg     12th July 2017 In the 19th century mansion in central Belgrade where bureaucrats plan some of Serbia’s important overseas projects, 64-year-old Ivan Mrkic is busy unpacking boxes teeming with the books, research papers and maps he needs to become an instant expert on China. Mrkic, a one-time Foreign Minister,... 

India to bid for natural gas blocks in Lebanon

By: Ajoy K Das     11th July 2017 ONGC Videsh, the overseas arm of India’s exploration and production (E&P) major ONGC Limited, will bid for natural gas exploration and development blocks in Lebanon. In a statement issued late on Monday, India’s Petroleum and Natural Gas Minister, Dharmendra Pradhan, said the proposal of an... 

Chile receives 12 bids for value-added lithium projects

By: Reuters     11th July 2017 Twelve companies from seven countries have applied to manufacture lithium-linked products in Chile, officials told journalists on Monday, in what they called a victory for the mining country's push to add value to its exports. Chile is part of South America's "lithium triangle," home to more than... 

Merkel calls for G20 compromise as crunch climate talks start

By: Reuters     7th July 2017 German Chancellor Angela Merkel pressed fellow Group of 20 leaders to compromise at the start of talks on climate and trade that have pitted US President Donald Trump against virtually every other country in the club of leading economies. The host of the G20 summit addressed her counterparts on... 

Tigers Realm now owns 100% of Amaam project

By: Creamer Media Reporter      7th July 2017 ASX-listed Tigers Realm Coal (TIG) has through a heads of agreement with its joint venture (JV) partners, taken over 100% ownership at the Amaam North coking coal project, in far east Russia. Through the $25-million, 20-year transaction, JV partner B.S. Chukchi Investments, will convert its 20%... 

Polish coal miner reduces 2017 coal output target to 32Mt

By: Reuters     7th July 2017 Poland's State-run PGG, one of the biggest coal mining firms in the European Union, said on Friday it had reduced its 2017 coal production target by 2-million tonnes to about 32-million. "In the first half of the year, we have produced 14.5-million tonnes of coal and in the whole year we want to... 

Amur Minerals seeks to update resource as drilling continues at Russia deposits

By: Megan van Wyngaardt     6th July 2017 A new trail for resource expansion is in “full swing” at nickel-copper resource developer Amur Minerals’ Kubuk and Ikenskoe/Sobolevsky deposits, in Russia, with a drilling programme having recently been completed. “We are drill testing the largest target with a length of 2 500 m located between... 

Copper drops as warehouse inflows undermine shortage speculation

By: Bloomberg     6th July 2017 Copper futures posted the biggest loss in two weeks as inventories tracked by the London Metal Exchange climbed the most since early March, dispelling concerns about potential shortages. Stockpiles rose 15% to 315 925 metric tons, bourse data show. Copper also fell as the dollar rose and... 

G20 to discuss steel overcapacity as tensions simmer over US tariff plan

By: Reuters     6th July 2017 G20 leaders will discuss steel overcapacity at this week's summit in Germany, European officials said, as tensions rise over US President Donald Trump's plan to use a Cold War-era law to restrict steel imports for national security reasons. Trump launched an investigation into the matter in... 

London market a 'natural destination' for Russian firms, says LSE CEO as Polyus returns

By: Mariaan Webb     5th July 2017 The LSE has a strong record of funding growth of Russian mining companies and the return of gold miner Polyus two years after it delisted shows the London bourse remains a “natural destination” for Russian companies, LSE CEO Xavier Rolet said on Wednesday. “The listing demonstrates London’s... 

Poland sees Trump visit catalyst to cut Russian gas reliance

By: Bloomberg     5th July 2017 Polish leaders are betting Donald Trump’s visit to Warsaw starting on Wednesday, two days before the US President meets his Russian counterpart, will bolster their efforts to reduce the nation’s dependence on natural gas from its eastern neighbour. Less than a month after Poland’s Baltic Sea... 

Brics bloc agree remote sensing space constellation project

By: Keith Campbell     4th July 2017 The five Brics countries – Brazil, Russia, India, China and South Africa – agreed at a meeting in Haikou, China, on Monday, to create a Brics Remote Sensing Satellite Constellation. This will be the first substantive Brics cooperation in space research. The idea of such a constellation had... 

Improving safety at Savage River with RCT’s Smart Technology

     4th July 2017 Grange Resources’ Savage River mine in Tasmania, Australia saw the opportunity to further safeguard its operators on site by equipping its mobile equipment with remote controls. Implementing remote control technology has allowed Savage River’s operators to control machines from a safe location,... 

Metair acquires 25.1% of German battery manufacturer in R111m deal

By: Irma Venter     4th July 2017 The JSE-listed Metair group has acquired a 25.1% shareholding in Germany-based battery manufacturer and supplier, Akkumulatorenfabrik Moll (Moll), at a cash price of €7.425-million (R111.4-million). Metair is a global manufacturer, distributor and retailer of energy storage solutions and... 

New exchange optimistic of August listing breakthrough 

By: Natasha Odendaal     3rd July 2017 4 Africa Exchange (4AX) has secured a healthy pipeline of potential listings, cross-cutting industries such as agriculture, information technology and tourism and hospitality, besides others, with the first listing scheduled for the end of August or the first week of September. Of about 40... 

Amur considering financing options for Russia nickel/copper project

By: Mariaan Webb     3rd July 2017 The board of Amur Minerals is considering multiple financing pathways for its flagship Kun-Manie nickel/copper project, in the far-east of Russia, including the possibility of strategic partners and the involvement of various export credit agencies (ECAs). London-based corporate advisory firm... 

Polyus returns to London, UK investors take half of share offer

By: Reuters     30th June 2017 Polyus, Russia's largest gold producer, has sold 9% of its shares in an offering in Moscow and London, at the low end of a previously set range, the company said on Friday. British investors bought about half of the share offering, VTB Capital, a bookrunner on the deal, said in a separate... 

Trump to demand G20 action on steel; closely-watched report delayed

By: Reuters     30th June 2017 US President Donald Trump will use the premise of a national security review of the US steel industry to demand action by the Group of 20 leaders to reduce excess capacity and other distortions in the global steel market, White House economic adviser Gary Cohn said on Thursday. The Trump... 

Kinross launches $500m unsecured debt offering to repay 2020 term loan

By: Henry Lazenby     29th June 2017 Major Canadian miner Kinross Gold has launched a $500-million unsecured ten-year debt offering which it will use, in combination with cash on hand, to repay its $500-million term loan due in 2020. Toronto-based Kinross, which has mines and projects in the US, Brazil, Russia, Mauritania, Chile and... 

Qatar to raise GCC dispute at WTO, Russia to query US steel plans

By: Reuters     29th June 2017 Qatar will raise its dispute with four other Arab States at the World Trade Organization on Friday, while Russia will air its concerns over possible US steel and aluminium tariffs, a draft agenda showed on Thursday. The issues will be debated at the WTO's Council on the Trade in Goods, where the... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Subscribe Now for $119 Close