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China cutting rare earth output, unnerving global manufacturers

By: Reuters     25th October 2018 The Chinese government is limiting domestic production of rare earth minerals in the second half of the year, a move likely to crimp international exports and send prices for the critical materials higher, according to data from Adamas Intelligence. China is by far the world's largest producer... 

Gold gets ignored as global equity rout fails to fire up havens

By: Bloomberg     11th October 2018 Equities are plummeting, President Donald Trump says the Federal Reserve’s gone ‘loco’ and the trade war’s heating up, yet traditional havens in times of trouble such as gold are not getting any love. The biggest selloff in equities since February rolled through Asia and into Europe on Thursday,... 

China's at 'peak steel' right now, top iron-ore shipper says

By: Bloomberg     2nd October 2018 The world’s largest steel market is about to go into reverse. Production in China will peak in 2018 and then shrink next year as local demand drops, according to forecasts from the Australian government, which says the shift will add to headwinds for core ingredient iron ore. Mainland steel... 

Union says reached wage deal with Alcoa Australia, will end strike

By: Reuters     28th September 2018 Unionised workers at aluminium producer Alcoa's Western Australian operations on Friday agreed to end a strike that lasted more than six weeks after securing better job security provisions in a new wage agreement. Workers at two alumina refineries and three bauxite mines walked out on August 8... 

Four-week public review of Yangibana to open next week

By: Mariaan Webb     27th September 2018 The environmental review period of the Yangibana project is set to open next week, allowing the public 28 days to comment on the planned rare earth minerals mine in the Gascoyne region of Western Australia. The environmental review document will be available for comment from October 1 to 28,... 

US private equity firm launches Coronado Coal IPO in Australia

By: Reuters     24th September 2018 US private equity firm Energy and Minerals Group (EMG) on Monday kicked off its planned float of Coronado Coal Group in Australia, seeking to raise up to A$1.3-billion for 30% of the group. The float will give the company an enterprise value of up to A$4.4-billion, making it the biggest coal... 

Rare earth miner Lynas to face review in Malaysia - media

By: Reuters     24th September 2018 Australia-listed rare earths miner Lynas Corp said on Monday that reports an opponent of its refinery in Malaysia will head a government review of the plant "raise concerns", as its shares lost nearly a quarter of their value. Lynas is the only major miner outside China of the metallic elements,... 

Chinese lithium giant agrees three-year pact to supply Tesla

By: Bloomberg     21st September 2018 China’s top producer of lithium, a metal used in electric-vehicle batteries, said it’s agreed a deal with Tesla Inc. to supply a fifth of its production to the vehicle maker, highlighting the push for supply pacts. Tesla will designate its battery suppliers to buy lithium-hydroxide products from... 

US gives rare earths reprieve in revised $200bn China tariff list

By: Reuters     18th September 2018 The United States did not include rare earth elements, metals used in magnets, radars and consumer electronics, from its final list of tariffs on $200-billion of Chinese goods, underscoring its reliance on China for the strategic minerals. China is the world's largest producer of rare earths and... 

SA cities not among the least liveable

By: Martin Zhuwakinyu     14th September 2018 South Africans are a whinging lot – there is survey data from credible research entities to prove this – and one of biggest gripes is about living conditions in towns and cities, especially in the less-well-to-do areas, better known in our lingo as ‘locations’ or ‘townships’. The service delivery... 

Gold's dismal run sets half-decade mark as dollar and stocks win

By: Bloomberg     31st August 2018 Gold is set for a fifth straight monthly decline, the longest losing run in half a decade, as the dollar gets a twin boost from trade tensions and the Federal Reserve’s path for higher interest rates, while inflation remains stuck in hibernation and US equities notch record after record. Bullion... 

Turnbull to cap power prices amid dissent over energy plan

By: Bloomberg     20th August 2018 Prime Minister Malcolm Turnbull has vowed to cap power prices in Australia in an urgent policy rejig aimed at winning over critics within his own party for the government’s energy plan. Amid reports he faces a revolt from backbench lawmakers over his National Energy Guarantee, Turnbull said the... 

LONG DAWN

17th August 2018 South Africa continues to speak hopefully about a New Dawn. However, Australia, which shares a number of similar characteristics, from mining and weather, to sporting appetites, recently marked what could arguably described as a long dawn. The country recently recorded its twenty-seventh straight... 

Orion turbocharges Prieska study 

By: Martin Creamer     15th August 2018 The Sydney- and Johannesburg-listed exploration and development company Orion Minerals, which is developing a zinc and copper project at Prieska in the Northern Cape, on Wednesday announced the second tranche of its two-tranche share issuance to raise $7.86-million. The total $11-million capital... 

Will BHP's CEO follow top miner's shale unit out of the door?

By: Bloomberg     27th July 2018 BHP Billiton’s $10.8-billion of deals to exit its troubled US shale unit will allow CEO Andrew Mackenzie to shower investors with returns. It may also be a chance for him to bow out on top. Mackenzie, 61, who’s held his post since 2013, has delivered on plans to simplify BHP around a tighter... 

Rio Tinto unveils large vivid pink Argyle diamond

By: Creamer Media Reporter      12th July 2018 Rio Tinto has unveiled the largest vivid pink diamond in the history of its Argyle pink diamonds tender, during a preview in Sydney. The 3.14 ct polished emerald cut diamond, known as The Argyle Alpha, is part of the line-up of 63 rare pink, red and violet diamonds in the 2018 Argyle pink... 

Platina finds site for Owendale plant

By: Esmarie Iannucci     12th July 2018 ASX-listed Platina Resources has signed a lease for the site of its proposed Owendale scandium processing facility, in New South Wales. The site, a former abattoir, is some 70 km from the mine site and has road system capable of handling the trucks that will be used to transport ore from the... 

Stocks decline as Trump reloads the tariff bazooka

By: Bloomberg     11th July 2018 Stocks fell, the dollar gained and commodities slid with emerging-market assets after the US fired a new shot in its brewing trade war with China. S&P 500 futures slumped with the Stoxx Europe 600 Index and MSCI Asia Pacific Index following the Trump administration’s release of the biggest list... 

Denham Capital closes Mining Fund at $558m

By: Marleny Arnoldi     9th July 2018 Resource and energy-focused global private equity firm Denham Capital has closed its first standalone mining fund, the Denham Mining Fund, at $558-million to expand its portfolio in Australia, Canada, South America and Africa.  

Orion Resource Partners raising $500m in royalty, streaming fund - sources

By: Reuters     26th June 2018 Orion Resource Partners is raising up to $500-million in a fund financing potash, tungsten and iron-ore mines, sources close to the matter said, meeting miners' need for funding and investors' appetite for long-term assets. Miners are turning to alternative sources of finance as the industry has... 

Dutchman Reaches Australia By Electric Car After 827 Days

21st June 2018 Wiebe Wakker with his electric 'Blue Bandit' in Darwin Driving from the Netherlands to Australia by car is already a big challenge, electric pioneer Wiebe Wakker did it without money and hasn’t visited a single fuel station on his way. The 31-year-old solo-traveller left Amsterdam on the 15th of... 

Eastern Creek energy-from-waste facility, Australia

By: Sheila Barradas     15th June 2018 The Next Generation plans to build and operate a large-scale energy-from-waste facility in western Sydney.  

WestConnex – Rozelle Interchange and Iron Cove Link, Australia

By: Sheila Barradas     15th June 2018 WestConnex is the biggest road development in Australia. The project will ease traffic congestion and improve access and connections to western Sydney.  

Boart Longyear launches new XQTM Wireline Coring Rods

5th June 2018 Boart Longyear is launching new XQTM Wireline Coring Rods for use in drilling and coring applications in the mining industry. Well-known for first introducing the industry renowned Q™ rod, and then the RQ™ rod which took rod performance to a new level, Boart Longyear’s patented and innovative XQ... 

Iata, Afraa in MoU deal to advance aviation in Africa

By: Natasha Odendaal     4th June 2018 The International Air Transport Association (Iata) and the African Airline Association (Afraa) have teamed up to pave the way for further development in the African aviation sector. A memorandum of understanding (MoU) signed in Sydney, Australia, this week deepens the cooperation between the... 

Gold may hit $1 400 in '19 on 'powerful fuel' of weak dollar

By: Bloomberg     4th June 2018 Gold may have posted two straight months of declines, but is set to shrug off the blues and rise in 2019 as the dollar weakens. The precious metal will start to rebound in the final quarter of this year to average $1 375 an ounce in the last three months of next year and could touch a high of $1... 

Prairie stock falls as Debiensko concession amendment is denied

By: Mariaan Webb     29th May 2018 The Polish Ministry of Environment (MoE) has denied Australian miner Prairie Mining’s application to extend the production starting date of its Debiensko hard coking coal mine, a decision which Prairie said on Tuesday it would appeal. In terms of the mining concession that the MoE issued in... 

Cobalt streaming may presage bigger deals as Vale weighs options

By: Bloomberg     23rd May 2018 A streaming deal for cobalt and nickel from a mine in Papua New Guinea may foreshadow other similar arrangements as producers look to capitalise on the battery-commodity boom to raise cash for investments. On Tuesday, Cobalt 27 Capital – a Toronto-listed vehicle designed to invest in the metal –... 

Australia East Coast gas prices seen rising as cheap gas supply dwindles

By: Esmarie Iannucci     15th May 2018 Australia’s East Coast gas prices are forecast to rise up to 30% to between A$10/GJ and A$13/GJ by the mid-2020s, as cheap gas supply continues to decline, advisory firm Wood Mackenzie has reported. Speaking at the Australian Petroleum Production and Exploration Association (Appea) conference,... 

BP said to tap Morgan Stanley as it weighs buying BHP assets

By: Bloomberg     4th May 2018 BP is weighing an acquisition of some of BHP Billiton’s energy assets as the British oil major seeks more US shale, according to people familiar with the matter. The London-based company is working with Morgan Stanley to advise on the plans, said the people, asking not to be identified as the... 

Kimberley Diamonds' Botswana mine to be auctioned online

By: Bloomberg     30th April 2018 A diamond mine in Botswana will be offered for sale at an online auction after its liquidators failed to secure viable offers. Online bids for the Lerala Diamond Mine open at 17:00 on May 24 and run through 14:00 on May 30, according to a statement published in the weekly Monitor newspaper by the... 

Jupiter mines to list on ASX; Tshipi increases FY18 net profit

By: Marleny Arnoldi     17th April 2018 Jupiter Mines, which owns a 49.9% interest in Tshipi é Ntle Manganese Mining, will list on the ASX on Wednesday, with the company’s board and management to ring the ASX bell in Sydney to formally start trading.  

Fortescue says miners have shut gates on new iron-ore supply

By: Bloomberg     10th April 2018 Global iron-ore miners have turned off the tap on adding new production capacity to feed China’s steel mills as the world’s largest customer is already awash with supplies, according to Fortescue Metals Group. “The reality is that most of the producers, ourselves included, are not actually... 

Rio Tinto stands to win from Rusal sanctions, US consumers to lose

By: Reuters     9th April 2018 Rio Tinto will be among the biggest winners from the US sanctions imposed on Russian aluminium giant United Company Rusal as the penalties further shake up the global metals trade and boost costs for US consumers, industry sources said on Monday. The United States on Friday imposed the sanctions... 

Santos shares jump on A$13.5bn bid from Harbour Energy

By: Esmarie Iannucci     3rd April 2018 Energy investor Harbour Energy has made a A$13.5-billion offer for oil and gas major Santos, offering shareholders $4.98 a share, or A$6.50 equivalent. Harbour has previously made three unsolicited offers for Santos, the last of which was priced at A$6.37 a share. 

Hydro to start shutdown of Brazil alumina lines by mid-April – sources

By: Reuters     28th March 2018 The Alunorte refinery in northern Brazil, owned by Norway's Norsk Hydro, will start shutting down half of its alumina capacity in the next two weeks to preserve equipment, two people familiar with the matter said on Tuesday. The world's largest alumina refinery, situated in Brazil's Amazon... 

US tariff exemptions to boost Australian exports - industry

By: Reuters     12th March 2018 Australian steel and aluminium manufacturers said on Monday exports to the United States will grow after securing exemptions from tariffs signed into law by US President Donald Trump. Trump on Friday said Australia would become the third country to be free from a 25% tariff on steel imports and... 

Shell, Blackstone eye $10bn bid for BHP US shale assets – Sky News

By: Reuters     9th March 2018 Royal Dutch Shell and US private equity firm Blackstone Group are working on a joint $10-billion bid for BHP Billiton's US shale assets, Sky News said on Thursday. Shell and Blackstone's offer will only be one of several credible proposals that BHP will receive for its US shale operations, Sky... 

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