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Metso sees South American revenue rising as mining rebounds

By: Reuters     12th April 2018 Mining equipment maker Metso Oyj expects to increase its revenue in South America excluding Brazil by 15% to 20% a year over the next two to three years as higher metals prices spur mining activity, a company executive told Reuters. Eduardo Nilo, VP of Metso's operations in South America,... 

Aurubis eyes smelting deals with miners in Americas, Australia

By: Reuters     12th April 2018 Aurubis, Europe's biggest copper smelter, is in talks with miners in South America, the US and Australia to set up smelting partnerships, as it pushes ahead with ambitious growth plans, its CEO told Reuters. Armed with a war chest of at least $1.5-billion for potential acquisitions, CEO Juergen... 

Bacanora terminates NextView placing, reaffirms Sonara H1 construction start

By: Mariaan Webb     6th April 2018 London-listed Bacanora Lithium has terminated its £31.17-million placing agreement with NextView, after the Chinese institutional fund management group defaulted on the December 2017 agreement. NextView would have acquired a 19.89% equity interest in Bacanora through the acquisition of 32 976... 

The lithium sector surge is poised to ignite a deals bonanza

By: Bloomberg     21st March 2018 The tripling in lithium prices over three years is poised to fuel a multi-billion dollar rush of deals as major players jostle for dominance to supply the metal needed for the electric vehicle battery revolution. China’s expected to lead a mergers and acquisition bonanza as companies seek to... 

Africa’s leading industry trade fair prepares to open its doors

By: Creamer Media Reporter      6th March 2018 The countdown has begun: bauma CONEXPO AFRICA opens its doors for the third time in one week. The largest trade fair for construction machinery, building material machines, mining machines and construction vehicles in Africa continues to attract international participation, highlighted by four... 

Peruvian precious metals miner lists on London’s NEX exchange

By: Nadine James     2nd March 2018 Emerging Peruvian gold and silver producer VI Mining on Friday started trading on London’s NEX Exchange Growth Market. The company completed a share placement, which raised £5.36-million in gross proceeds. It issued 106.95-million ordinary shares of no par value at an admission price of £5 each. 

Finland takes top spot for mining-friendly investment 

By: Henry Lazenby     23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Newmont beats Q4 earnings forecast; output on par with largest gold producer Barrick

By: Henry Lazenby     22nd February 2018 US gold miner Newmont Mining has reported market-beating earnings for the three months ended December 31, and reported production that is on par with that of leading gold producer Barrick Gold. The Denver, Colorado-based miner reported headline earnings for the fourth quarter of $216-million, or... 

Newmont maintains steady reserve base as resources grow

By: Henry Lazenby     22nd February 2018 NYSE-listed US gold major Newmont Mining has replaced all the gold reserves it unearthed in 2017 and managed to grow its global resource base too, it announced on Wednesday. Gold reserves now total 68.5-million ounces for 2017, unchanged from 2016 as additions and revisions fully replaced... 

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 Gobal equity markets have been extremely volatile in recent weeks, extending a frantic sell-off of US stocks, which culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Gold Fields pays dividend on net loss, flat production, two fatalities

By: Martin Creamer     14th February 2018 Gold mining company Gold Fields on Wednesday announced a final dividend on a net loss and flat production, impacted by two fatalities. As per its trading statement released on February 8, headline earnings for 2017 were $194-million, or $0.24 a share, and net loss for the year was $35-million, or... 

Global aeronautics body promoting networking among young researchers

By: Rebecca Campbell     9th February 2018 The International Forum for Aviation Research (IFAR) is seeking to develop international interactions between young professionals working in both technical and non-technical areas of aviation research around the world. This initiative is described as “early career networking” and is a focus area... 

Troy Resources delivers sizeable production in January

By: Megan van Wyngaardt     8th February 2018 South America-focused gold miner Troy Resources achieved gold production of 6 124 oz of gold in January, in line with budget and at a similar level to the previous month's production of 6 224 oz. The production for both these months was impacted by a mill closure for two days to undertake the... 

Two podium spots for Toyota Gazoo Racing SA in 2018 Dakar

By: Irma Venter     2nd February 2018 Two days of high drama in the 2018 Dakar Rally saw Toyota Gazoo Racing South Africa (TGRSA) take second and third spot in the marathon South American race. The race was won by Peugeot’s Carlos Sainz and co-driver Lucas Cruz, with TGRSA’s Nasser Al Attiyah and Mathieu Baumel in second place, and... 

Modular solutions for small chlorine plants from thyssenkrupp

     30th January 2018 Thyssenkrupp Industrial Solutions’ modular skid mounted chlorine plants offer a cost-effective and practical solution to industries on the African continent who require small chlorine alkali plants for applications such as water treatment and mineral processing. Bruce Bassett, Process Industries... 

Goldplat keeps focus on expansion of recovery operations

By: Creamer Media Reporter      30th January 2018 Despite achieving lower output at its gold recovery operations in the second quarter of the current financial year, gold producer Goldplat says it is making progress at these operations, where the focus remains on expanding operational capacity and sourcing new material for processing. The... 

Brazil, Peru to lead LatAm mineral project development to 2020

By: Henry Lazenby     30th January 2018 Boosted by higher commodity prices in general, miners are increasingly focusing on project development as healthier balance sheets allow them the opportunity to return to their long-term growth strategies. According to data supplied by Fitch-affiliated research firm BMI, two countries are... 

Michael Higley

     26th January 2018 This week we feature Michael Higley, VP Operations at FedEx, a company that provides customers and businesses worldwide with a broad portfolio of transport, ecommerce and business services   

Freeport rises on Q4 earnings beat

By: Henry Lazenby     25th January 2018 The world's largest publicly listed copper producer Freeport-McMoRan has reported a better-than-expected headline profit for the three months ended December, as its focus on productivity, cost and capital discipline dovetailed with an improved market for copper. The Phoenix, Arizona-based miner... 

Toyota Gazoo Racing SA takes second and third at Dakar 2018

By: Irma Venter     22nd January 2018 Two days of high drama in the 2018 Dakar Rally saw Toyota Gazoo Racing South Africa (TGRSA) take second and third spot in the marathon South American race. The race, which concluded on the weekend, was won by Peugeot’s Carlos Sainz and co-driver Lucas Cruz, with TGRSA’s Nasser Al Attiyah and... 

Protect the Amazon from big business and greed, Pope Francis urges

By: Reuters     22nd January 2018 Pope Francis issued a ringing defense of the people and the environment of the Amazon on Friday, saying big business and "consumerist greed" could not be allowed to destroy a natural habitat vital for the entire planet. Francis, who has made the environment and climate change a focus of his... 

ADM has made takeover approach to Bunge – WSJ

By: Reuters     20th January 2018 Agricultural processing and trading company Archer Daniels Midland has proposed a takeover of Bunge, the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore in an industry moving towards consolidation. Bunge and other top grains... 

Flights to encounter increasing turbulence in the future, study shows

By: Irma Venter     19th January 2018 Flights all around the world could be encountering lots more turbulence in the future, according to the first ever global projections of in-flight bumpiness.   A new study published online in Geophysical Research Letters, a journal of the American Geophysical Union, has calculated that climate... 

Condor assumes trading on TSX main board

By: Henry Lazenby     15th January 2018 Nicaragua-focused project developer Condor Gold has taken up a dual listing on the TSX starting on Monday morning, signifying a significant milestone for the company to provide a local trading platform for the company’s Canadian investors. Dovetailing with Condor’s existing LSE Aim and OTCQX... 

Lupaka upgrades Invicta road as a critical step towards imminent production

By: Henry Lazenby     12th December 2017 Peru-focused gold explorer and project developer Lupaka Gold has appointed a contractor to expand, enhance, and modify 27 km of road starting from the paved Huacho-Churin-Oyon highway, located at about 1 500 m above sea level, up to the Invicta project, located at about 3 500 m above sea level.... 

Lithium giant SQM eyes new project to tackle electric-car boom

By: Bloomberg     6th December 2017 One of the world’s largest lithium producers is looking to expand into a new country as prices surge to record highs amid a nascent electric-vehicle boom led by car makers such as Tesla and Mitsubishi. Soc. Quimica & Minera de Chile SA is considering opportunities to establish a foothold in a... 

Glencore-Canada venture hitched to low-carbon economy shift

By: Martin Creamer     5th December 2017 The joint venture partnership Glencore struck with a Canadian pension plan on Tuesday provides exposure to commodities that benefit from a low-carbon economy. BaseCore Metals, a 50:50 partnership centred on base metals streams and royalties, involves Glencore Canada Corporation contributing a... 

Reunion’s profile bolstered as Barrick sinks C$9.12m to take 15% stake

By: Henry Lazenby     1st December 2017 The TSX-V-listed equity of Canadian exploration and development company Reunion Gold jumped more than 10% on Friday after announcing that the world’s largest gold producer by output, Barrick Gold, has taken a 15% stake. NYSE- and TSX-listed Barrick has acquired 48-million Reunion shares, through... 

Positive growth for filtration industry leading to 2022

     1st December 2017 The portable filtration systems market is expected to grow from an estimated $512.6-million in 2017 to $621.4-million by 2022, registering a compound yearly growth rate of 3.93 in this time. Market research company Markets and Markets explains that stringent government regulations, growth in... 

Lupaka kicks off Invicta PEA

By: Henry Lazenby     29th November 2017 Peru-focused gold explorer and project developer Lupaka Gold has appointed consulting engineering firm SRK Consulting Canada the lead contractor to prepare a preliminary economic assessment (PEA) on its 100%-owned Invicta gold project. Invicta is an advanced-stage gold/copper polymetallic... 

Global NCAP, AA South Africa launch #SaferCarsforAfrica initiative

By: Anine Kilian     22nd November 2017 The Global New Car Assessment Programme (NCAP), together with the Automobile Association (AA) of South Africa, on Wednesday launched the #SaferCarsforAfrica initiative, in Cape Town, with the first independent crash test assessment of some of South Africa’s most popular compact and small cars.... 

Global wind power continues to propel forward in 2017

By: Kim Cloete     16th November 2017 China is surging ahead in wind power, blowing away the US – the world’s second-largest wind power market – by a long margin, while African countries are making more inroads despite facing challenges, delegates attending the yearly Windaba conference and exhibition, in Cape Town, have heard.... 

German minerals firm K&S lifts Q3 earnings, adjusts Canada mine ramp-up

By: Mariaan Webb     15th November 2017 German potash and salt producer K+S on Wednesday reaffirmed its earnings forecast for the full year, as it posted higher third-quarter revenue and earnings. The Kassel-headquartered company, which has production sites in Europe, North America and South America, increased its revenue by 6%... 

Glencore is said close to creating mining royalty company

By: Bloomberg     15th November 2017 Glencore is close to finalising a $700-million deal with the Ontario Teachers’ Pension Plan to create a new base-metals royalty company, according to people familiar with the matter. The Swiss commodity giant will bring royalty agreements from about 10 mines, while Ontario Teachers’ will... 

Nicaragua-focused Condor gains TSX listing

By: Henry Lazenby     24th October 2017 London, UK-based explorer Condor Gold has been given conditional approval to list its equities on the TSX main board, in Toronto. Focused on its flagship La India project, in Nicaragua, the company advised that it will maintain its LSE Aim stock listing. 

Goldplat increases gold sales in Sept quarter

By: Mia Breytenbach     24th October 2017 Aim-listed gold producer Goldplat has achieved a 95% year-on-year increase in gold sales to 14 374 oz for the quarter ended September 30. "With operational profitability achieved at all operations and good progress being made on our strategic objectives, I am very pleased with the results for the... 

Flights are going to get a lot more bumpy, says new research

By: Irma Venter     20th October 2017 Flights all around the world could be encountering lots more turbulence in the future, according to the first ever global projections of in-flight bumpiness.   A new study published online in Geophysical Research Letters, a journal of the American Geophysical Union, has calculated that climate... 

El Nino contributes to new high in carbon dioxide levels

By: News24Wire      16th October 2017 The amount of atmospheric carbon dioxide (CO2) in our world is likely to top 410 parts per million (ppm) this year. The CO2 measured at the Mauna Loa Baseline Atmospheric Observatory in Hawaii hit 405.1 ppm in 2016 - an increase of 3 ppm over the previous year, marking five consecutive years of... 

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