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China overloading poor nations with debt, top US official says

By: Reuters     17th July 2018 China is saddling poor nations with unsustainable debt through large-scale infrastructure projects that are not economically viable, the head of the US Overseas Private Investment Corporation (OPIC) said on Monday. The criticism of Beijing - targeted by President Donald Trump in a trade war that... 

Asia's thermal coal demand poised to grow

By: Esmarie Swanepoel     19th June 2018 Asia’s thermal coal demand could increase by some 400-million tonnes by 2030, a new report commissioned by the Minerals Council of Australia (MCA) found. Asian thermal coal demand is expected to grown from the 740-million tonnes in 2017, to 1.147-billion tonnes in 2030. 

Anadarko seeks to raise $14bn to $15bn for Mozambique LNG project

By: Reuters     18th May 2018 Anadarko Petroleum is seeking to raise a record $14-billion to $15-billion from banks and export credit agencies for its huge liquefied natural gas (LNG) project in Mozambique, sources close to the matter said. Fast-growing gas demand from China and Southeast Asia is reassuring export project... 

Murray & Roberts Announces The Potential Combination With Aveng Limited

18th May 2018 Murray & Roberts Holdings Limited (“Murray & Roberts”) today announced a potential transaction, proposing to make an all share offer to acquire the entire issued share capital of Aveng Limited (“Aveng”), as well as to implement a solution to enable the early redemption of the Aveng convertible... 

CAPP urges feds to ensure Canadian oil, gas benefit from growing global energy demand

By: Henry Lazenby     4th April 2018 Despite surging demand globally for all forms of energy, Canada’s oil and natural gas industry is at risk as the cumulative effect of federal and provincial policies and regulations are fast thinning the country’s market opportunity by thwarting industry growth, competitiveness and market access,... 

Adani is said to delay Australia coal shipment, eyes deals

By: Bloomberg     29th March 2018 Indian conglomerate Adani Enterprises Ltd. will miss its original deadline to start shipping thermal coal from one of the world’s biggest planned mines due to funding difficulties, even as it eyes export deals with Asian companies. The billionaire Gautam Adani-backed company has abandoned a 2020... 

Aveng outlines new business plan, posts H1 loss

By: Anine Kilian     27th February 2018 JSE-listed Aveng, which posted a headline loss of R335-million for the half year ended December 31, on Tuesday outlined details of the outcome of its strategic review, which involved a very “thorough and robust interrogation” of all parts of the business. The review was aimed at  identifying the... 

Australia’s coal exports set new record in 2017

By: Natasha Odendaal     7th February 2018 Australia’s coal exports value reached a new record of $56.5-billion in 2017, Minerals Council of Australia coal executive director Greg Evans said on Wednesday. The new coal export value record, at 35% higher than in 2016 and $10-billion higher than the previous record of $46.7-billion in 2011,... 

Duterte coal tax will make costly Philippines power even pricier

By: Bloomberg     14th December 2017 Electricity prices in the Philippines, already among the highest in Southeast Asia, will probably rise after President Rodrigo Duterte signs legislation next week boosting taxes on coal, the nation’s main fuel for power plants. Semirara Mining and Power, a power generator that’s also the... 

Freeport seen facing more battles over world's top gold mine

By: Bloomberg     18th September 2017 The landmark deal that forced Freeport-McMoRan to cede controlling interest in the world’s biggest gold mine and second-largest copper mine to Indonesia may not be the final outcome as both sides prepare for a politically charged fight over the price of the asset and how it will be run, according... 

K+S opens Port Moody potash transshipment facility

By: Henry Lazenby     29th August 2017 Canada’s newest potash producer K+S Potash Canada (KSPC) has opened its new state-of-the-art potash handling and storage facility at partner Pacific Coast Terminals’ Port Moody terminal, in Vancouver, British Columbia. The port facility is the western port destination for potash from KSPC’s new... 

New Isuzu SA business to be headed by GMSA CFO, Michael Sacke

By: Irma Venter     22nd August 2017 Isuzu Motors South Africa (IMSAf) on Tuesday announced a number of leadership appointments in support of the purchase of all Isuzu-related assets from General Motors South Africa (GMSA), effective January next year. Haruyasu Tanishige, in addition to his current role of senior executive officer... 

Oil traders turn bespoke crude tailors in offshore megastore

By: Bloomberg     12th July 2017 The biggest oil traders feeling the squeeze in a world awash with crude are seeking an edge by offering tailor-made cargoes in an offshore megastore. By selling bespoke from a fleet of ships anchored off Singapore and Malaysia, the likes of Vitol Group, Trafigura Group, Glencore and Gunvor Group... 

McIntosh to require A$148m to develop

By: Esmarie Swanepoel     31st May 2017 The McIntosh flake graphite project, in Western Australia, will require a capital investment of A$148-million to support the production of 88 000 t/y of high-grade flake graphite concentrate. Owner Hexagon Resources said on Wednesday that a prefeasibility study (PFS) estimated the project would... 

India, Japan to push for One Belt, One Road counter at AfDB conference 

By: Ajoy K Das     19th May 2017 India will unleash its highest level of economic diplomacy at next week’s African Development Bank (AfDB) conference in the western city of Ahmedabad, with the aim of setting quantifiable targets of international economic and trade cooperation between the continents in a bid to counter China’s... 

Tourism supports 1 in 10 jobs

By: News24Wire      18th April 2017 Travel and tourism generated 1 in 10 of the world’s jobs in 2016, according to a new report by the World Travel & Tourism Council (WTTC). WTTC’s Economic Impact Report 2017, which is conducted in conjunction with Oxford Economics, researches the economic impact of travel and tourism on a global... 

Fortescue moves on growing markets outside steel giant China

By: Bloomberg     7th April 2017 Fortescue Metals Group is making iron-ore marketing forays to steel-producing nations outside China to tap forecast increases in demand from burgeoning infrastructure projects across the region. The world’s fourth-biggest exporter’s mines in northwestern Australia are well-positioned to take... 

Turnbull emphasises Australia’s need for coal, gas as baseload energy sources

By: Esmarie Swanepoel     2nd February 2017 The Minerals Council of Australia (MCA) has welcomed Prime Minister Malcolm Turnbull’s comments that both coal and natural gas have a significant role to play in Australia’s energy future. “We have an abundance of coal, gas, sun and wind resources, not to mention uranium. Yet, our energy is among... 

Coal’s recovery too good to resist for world’s biggest exporter

By: Bloomberg     13th January 2017 Indonesia will exceed its coal production target for another year as miners cash in after prices recovered from a five-year collapse. The world’s biggest exporter will produce about 489-million metric tons this year, 18% above the government-mandated target, according to energy ministry... 

Copper supply from top world mine threatened as export ban looms

By: Bloomberg     14th December 2016 Exports from the world’s second-largest copper mine, in Indonesia, are under threat as a government ban on overseas concentrate shipments is scheduled to come into force from the middle of January. While ministers are rushing to revise the regulations so miners that have committed to build... 

Metro partners up in Myanmar

By: Esmarie Swanepoel     8th December 2016 ASX-listed Metro Mining has signed a farm-in agreement with PanAust over its Mahar San exploration project, in Myanmar. Under the agreement PanAust will have the exclusive option to explore the project for one year, in exchange for funding all operating costs, including an agreed drilling... 

Sungrow Showcases Inverters at Solar & Off-grid Renewables | Solar Finance & Investment Southeast Asia 2016

5th December 2016 Sungrow, the world’s largest PV inverter manufacturer, showcased its SG60KTL and SG50KTL-M model string inverters, at Solar & Off-grid Renewables | Solar Finance & Investment Southeast Asia 2016. Sungrow’s SG60KTL and SG50KTL-M string inverters—featuring 99% maximum efficiency, 4 MPPT’s, a 1.3... 

Fast-developing Asian nations to underpin coal demand

By: Esmarie Swanepoel     17th November 2016 Strong economic development in South East Asia and India will underpin global coal demand, which is set to return to 2014 levels in the next four years, paving the way for Australia to increase its share of global trade. Citing the World Energy Outlook (WEO) 2016 report by the International... 

Glencore jumps to 15-month high as coal prices extend surge

By: Bloomberg     13th October 2016 Glencore jumped to a 15-month high in London as coal prices rose and a Japanese steelmaker was said to agree to pay the most for coking coal in four years. Glencore advanced 6.4% to close at 236.2p, the highest since July 21, 2015. The shares rose the most in the FTSE 100 Index. Prices have more... 

Indonesia probably won’t allow nickel-ore exports, Minister says

By: Bloomberg     12th October 2016 Indonesia will probably drop a controversial plan to allow exports of low-grade nickel ore and bauxite amid opposition from local smelters and fears that it could upset Chinese investors who’ve poured billions of dollars into the country to build processing plants. 

Glencore sees nickel price rising on global supply shortage

By: Bloomberg     21st September 2016 Glencore, the commodities trader and miner, expects nickel prices to climb through 2018 as demand outstrips supply, assuming Indonesia continues its policy of curbing ore exports and encouraging local processing. “We believe we’ve seen the bottom, both in terms of the actual spot prices... 

Agility In Custom Engineering

13th September 2016 HVAC systems in the military and rolling stock sectors have very specific operating requirements and could include anything from the ability to operate in extreme climates to severe space constraints to ergonomic issues such as low noise tolerance. In addition, there are typically all sorts of... 

Study links 2˚C rise in global temperature to 40% fall in thermal coal trade

By: Henry Lazenby     8th September 2016 A 2˚C rise in global temperatures could result in a 40% reduction in global thermal coal trade by 2035, new analysis by Wood Mackenzie (WoodMac) has found. According to WoodMac, the reduction in trade in thermal coal, from an estimated 900-million tonnes for 2016, to 527-million tonnes by 2035,... 

A commodities rebound is accelerating right on China’s doorstep

By: Bloomberg     19th August 2016 China may be slowing, but a commodities rebound is under way and the world’s biggest miner knows where the next growth story is building – emerging economies in Southeast Asia. Combined gross domestic product in the ASEAN-5 nations – Indonesia, Thailand, Malaysia, the Philippines and Vietnam –... 

Excellence in Asphalt Production

18th August 2016 More than manufacturing and supplying equipment’s, it´s key to present technical solutions for each application, and currently there are an extensive portfolio of products and solutions for a wide range of applications in construction, maintenance and rehabilitation of asphalt pavements. In each... 

Biggest miners’ project spending reboot signals rebound firming

By: Bloomberg     17th August 2016 The world’s two largest mining companies are planning to raise capital expenditure from decade lows as a firming rebound in commodity prices paves the way for at least $12-billion of growth projects. BHP Billiton Ltd., the No. 1 miner, expects to raise spending by 15% in fiscal 2018, while Rio... 

UBS makes a bugle call for nickel bulls on crackdown, demand

By: Bloomberg     15th August 2016 Rising demand, deficits and a crackdown in the Philippines are combining to make nickel one of its most-preferred commodities, according to UBS Group, which said the full impact of mine shutdowns in the Southeast Asia nation may be felt only next year when exports fail to ramp up as usual. The... 

Denham Capital seeks upside advantage during downturn

By: Simon Rees     18th April 2016 With most metals reaching a bottom, and many of the ‘zombie juniors’ finally laid to rest, opportunities for private-equity companies to find value and upside potential in the mining space have continued to grow. Seeking to tap into these opportunities, private equity firm Denham Capital was... 

Steel sector to see slow growth in demand in 2016/17 – worldsteel

By: Anine Kilian     13th April 2016 Global steel demand is expected to contract by 0.8% to 1.48-billion tonnes in 2016, following a 3% contraction in 2015; however, the World Steel Association (worldsteel) estimates that global steel demand will return to growth of 0.4% to 1.49-billion tonnes in 2017. Worldsteel stated in its... 

Vietnam demanding more Australian coal

By: Esmarie Swanepoel     17th March 2016 Australian coal exports to Vietnam increased more than 538% in February, compared with the same month last year, as the Asian offtake partner embarked on a major electrification programme. The Minerals Council of Australia (MCA) reported this week that demand for high-quality Australian coal... 

Yokogawa to Receive Control Systems Orders for 12 Combined Cycle Power Plants in Thailand

17th February 2016 Yokogawa announces that its subsidiary, Yokogawa (Thailand) Ltd., has received letters of intent for the purchase of control systems for 12 combined cycle cogeneration plants*¹ that are to be built for small power producers (SPP)*² in Thailand.   The 12 SPPs responsible for these projects are all... 

Cortland Unveils Test Bed and Expanded Sling Manufacturing at Perth Facility

21st January 2016 Cortland Australia has announced significant investment in the Asia Pacific region with the introduction of high performance round sling manufacturing capability in addition to a full-service test machine. Scheduled for commissioning in March 2016, the new equipment with industry leading testing... 

Moratorium on coal won't combat emissions – Turnbull

By: Esmarie Swanepoel     28th October 2015 Coal will remain a key part of the global energy mix for several years to come, says the Minerals Council of Australia (MCA), echoing sentiments expressed by newly appointed Prime Minister Malcolm Turnbull. In a press conference on Tuesday, Turnbull said he did not support a moratorium on coal... 

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