https://www.engineeringnews.co.za

Receive our free daily newsletter:

Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

By Bloomberg

Battery metal price plunge is closing mines and stalling deals

Battery metal price plunge is closing mines and stalling deals

10th January 2024

A meltdown in some of the most-hyped energy-transition metals is wreaking havoc across the mining world, stalling projects, scuppering deals and triggering a scramble for cash that promises to... 


India’s plans to double coal production, ignore climate threat

India’s plans to double coal production, ignore climate threat

10th January 2024

As climate diplomats at COP28 in Dubai debated an agreement to transition away from fossil fuels last December, India was facing another energy conundrum: It needed to build more power capacity,... 


The Modder East operation

Gold One could dismiss more than 500 after mine sit-in

10th January 2024

Gold One International could dismiss more than 500 workers at a South African mine after two incidents last year in which hundreds of employees stayed underground for days. The Sydney-based gold... 


African nations dominate top 10 economic growth spots in 2024

African nations dominate top 10 economic growth spots in 2024

9th January 2024

Africa faces economic headwinds this year, but some of the continent’s brightest sparks are shading it in a more hopeful light. Six of the top-10 performing economies in the world are forecast to... 


SA antitrust probe into rand-fixing collapses

9th January 2024

South Africa’s Competition Appeal Court dismissed the cases against most of the 28 banks accused of colluding to fix the rand in the New York foreign exchange market almost a decade ago, Business... 


Jeffrey Currie

Goldman veteran Jeff Currie remains bullish on commodities this year

8th January 2024

Jeff Currie, who spearheaded commodities research at Goldman Sachs Group for almost three decades, remains bullish on the sector for this year. Demand for raw materials is at record levels,... 


Fed pivot will dominate year of rate cuts in turn of global cycle

8th January 2024

The coming 12 months are shaping up as the year of the interest-rate cut. After racing ahead with the most aggressive tightening campaign in decades during 2022 and 2023, central banks around the... 


Tianqi, LG, Eramet explore lithium options in Chile meetings

Tianqi, LG, Eramet explore lithium options in Chile meetings

8th January 2024

Some of the biggest players in the global battery supply chain held meetings with Chilean authorities late last year as the country with the biggest reserves of lithium gets ready to open up new... 


Peruvian miner Buenaventura sees Antofagasta as ally in copper growth plans

8th January 2024

After a few weeks digesting Antofagasta’s surprise entry into its shareholder register, Buenaventura sees the new investor as an ally in its copper growth plans rather than a rival eying control of... 


Employee wearing a hard hat in an underground gold mine

Zimbabwe rescues 15 trapped miners alive – Mines Minister

7th January 2024

An emergency operation managed to rescue all 15 small-scale Zimbabwean gold miners who had been trapped for four days after a shaft collapsed, according to Mines Minister Soda Zhemu. ”They are all... 


Endeavour Mining's Agbaou mine

Gold CEO scandal is latest black eye for mining as setbacks mount

7th January 2024

Endeavour Mining’s shock firing of its chief executive has capped a miserable three months for the global mining industry — and an equally painful period for its shareholders. The world’s biggest... 


A Karpowership vessel

Eskom ends grid access for Karpowership

5th January 2024

Eskom Holdings said it will no longer reserve the transmission capacity it had agreed to set aside for winners of a South African tender for emergency power provision that didn’t meet a Dec. 31... 


Chinese miner takes Glencore's cobalt crown as output jumps 170%

4th January 2024

China’s CMOC Group boosted its cobalt output by more than 170% last year, with surging production at a new mine in the Democratic Republic of Congo helping the company leapfrog Glencore as the... 


Gold Fields pushes back production at Key Chilean mine again

28th December 2023

Gold Fields cut its production outlook for 2024 after announcing a new delay at a major project in Chile. The Johannesburg-listed company now expects to produce first gold at its Salares Norte... 


Trucks operating in a coal mine

Coal financing is still booming – led by China

20th December 2023

The amount of bank financing going to mining coal, the dirtiest fossil fuel of them all, remains at surprisingly high levels. Most of it is coming from China. A new report from researchers at... 


Mined lithium ore

Australia wants to compete with China on critical minerals, minister King says

20th December 2023

Australia wants to compete with China in producing and refining resources vital to the next phase of high-tech manufacturing around the world, according to Minister Madeleine King, backing the... 


Copper cathode produced in the DRC

Resource-rich Congo goes to polls, with Tshisekedi the front runner

20th December 2023

Polls opened in resource-rich Democratic Republic of Congo as the nation’s citizens vote to choose their leaders for the fourth time since the end of decades of dictatorship and war. Incumbent... 


A ship entering the Suez Canal

Shipping insurance for red sea transit soars after mounting attacks

20th December 2023

The cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the region forced some ships to avoid the vital waterway. Cover has now surged to about... 


Coal shipments on Transnet freight-rail network have plunged to 30-year lows and iron-ore railings are at their lowest in a decade

Crumbling South African rail prompts Botswana to forge new route

19th December 2023

Botswana has received unsolicited bids from investors to build a rail line to a Namibian port that will help avoid South Africa and its disintegrating logistics network. The 1 500 km... 


A coal mine in Australia

Australia adviser urges improved reporting of methane emissions

19th December 2023

Australia needs to improve the accuracy of fossil fuel producers’ reporting on greenhouse-gas emissions, especially on methane releases from opencut coal mines, a review of the nation’s climate... 


Particulate matter is soot generated while burning coal and emitted through the plants’ stacks or chimneys

Eskom soot pollution is at a 31-year-high, 42 times worse than China

19th December 2023

Coal-fired power plants operated by South Africa’s state utility are emitting pollutants that primarily cause respiratory diseases such as asthma at almost 42 times the intensity of those in... 


Polished diamonds

Diamond sales slowly restart after efforts to halt price crash

19th December 2023

The world’s two biggest diamond miners are selling stones again after the industry all but halted supplies in a desperate attempt to stop a collapse in prices. This year’s rout that was driven by... 


Cleveland-Cliffs pivots to share buybacks after losing US Steel to Nippon

18th December 2023

Cleveland-Cliffs announced an “aggressive” share-buyback program just months after making an ultimately unsuccessful takeover bid for rival United States Steel Corp. Cliffs shares jumped as much as... 


Lithium ore stockpiles

Lithium ends dire year with cautious mood during contract season

18th December 2023

Lithium buyers are sounding cautious on the key battery metal’s prospects for next year, even after a huge plunge in prices. Producers have recently been in talks with clients — mostly in Asia — to... 


Lesetja Kganyago said the profits on the account exist on paper unless they are realised by selling the underlying assets, warning that using them could diminish the country’s reserves and potentially leave it more vulnerable to future shocks

South Africa eyes half of $27bn contingency funds to cut debt

18th December 2023

South Africa’s National Treasury is considering withdrawing as much as half of the R497-billion of contingency reserves held by the central bank to help reduce the government’s debt load or fund... 


Burkina Faso names new mining Minister in government reshuffle

18th December 2023

Burkina Faso’s military leader Ibrahim Traore named Yacouba Zabre Gouba Mining and Energy Minister, replacing Jean-Pierre Boussim, according to a statement on state broadcaster RTB Sunday. The... 


Coal stockpiles

Coal’s peak is here, but demise of dirtiest fuel will be slow

18th December 2023

Global efforts to boost clean energy and rein in carbon emissions have had a clear impact on coal: consumption of the dirtiest fossil fuel is expected to peak this year. Total consumption of coal... 


Shale gas production

US frackers are back to haunt Opec’s price strategy

17th December 2023

Opec’s one-time nemesis — US shale — is rearing its head just months after the sector was all but written off as a threat to the cartel’s sway over worldwide oil markets. Drillers from the Permian... 


Ivanhoe Mines co-chairperson Robert Friedland

Friedland says $15 000/t copper needed to spur new mines

17th December 2023

Copper prices need to nearly double in order to prompt mining companies to build costly mines to meet rising demand for critical materials, according to billionaire Robert Friedland. The mining... 


A lithium ore stockpile

Bolivia takes a key step in long road to tapping vast lithium riches

17th December 2023

Bolivia is cutting the ribbon on its first industrial-scale lithium plant, the dawn of what it hopes will be an export boom of the battery metal that could bring it back from the brink of economic... 


Minister for Resources Madeleine King

Australia expands list of critical minerals key to transition

17th December 2023

Australia expanded its list of critical minerals deemed crucial to its energy transition and national security needs as the country boosts the strategically and economically important sector. The... 


Solar PV panels

Nedbank, Norfund to lend Pele Green R2.5bn for renewable power plants

14th December 2023

Pele Green Energy has secured R2.5-billion in funding from lenders including Nedbank Group to help it build renewable power plants including one ordered by Anglo American Platinum. The other... 


Transnet freight locomotives

Transnet halts plan to allow private companies to operate key rail line

14th December 2023

State-owned ports and rail company Transnet withdrew a request for quotes for an operating lease on a freight-rail artery that connects its biggest port with its industrial hub, because changes in... 


Billionaire Adani’s new copper foray to further tighten world's ore supply

Billionaire Adani’s new copper foray to further tighten world's ore supply

14th December 2023

The planned start of billionaire Gautam Adani’s copper plant in India next year will spur a sharp rise in imports of concentrate, further tightening the global supply of ore on which smelters... 


A Sasol sign in front of its Secunda complex

Sasol says investors critical of its climate record have ‘flawed understanding’

14th December 2023

Sasol has hit back at investors who said they would reject its climate-change report at an annual general meeting last month, before it was abandoned because of a protest. The petrochemicals... 


The Cerro Matoso operation in Colombia

South32 invokes force majeure at Colombia ferro-nickel operation

14th December 2023

South32 invoked force majeure at its Colombian nickel operations as community protesters block the movement of people and supplies to the giant open pit mine and smelter. “This affects all our... 


An Eskom run coal-fired power station

Eskom set for seventh full-year loss as power cuts grip South Africa

13th December 2023

South Africa’s Eskom Holdings is on track to post its seventh consecutive full-year loss as the utility crumbles under the weight of its debt pile and high financing costs, poor plant performance... 


A TFR locomotive

South Africa aims to fire up economic growth with port, rail revival

13th December 2023

South Africa’s government and the business community set a target of boosting the economic growth rate by as much as six percentage points by fixing the country’s collapsing ports and freight-rail... 


South Africa takes a major step toward fixing work visa mess

13th December 2023

South Africa’s home affairs minister signed planned changes to work permit regulations aimed at fixing a bureaucratic morass that’s frustrating the country’s biggest investors and exacerbating a... 


COP28 president Dr Sultan Al Jaber

COP28 ends with deal on transition away from fossil fuels

13th December 2023

The COP28 climate talks in Dubai ended in a deal that saw a commitment to transition away from all fossil fuels for the first time. The president of this year’s UN-sponsored summit, the UAE’s... 


As Chile prepares to open lithium assets, this Canadian miner is ready to pounce

13th December 2023

Wealth Minerals is lining up funding for lithium drilling and testing in Chile as the Vancouver-based firm waits for the government there to disclose rules for new production areas. Financing... 


2 3 4 5
6
7 8 9 10

Research Reports

Projects

Latest Multimedia

Latest News

Showroom

Rio-Carb
Rio-Carb

Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 
Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 
Stewarts & Lloyds
Stewarts & Lloyds

Stewarts & Lloyds today supplies steel and tube, pipe and fittings, valves, pumps, irrigation, fencing, profiling and roofing products. The cash...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







0.813s - 69pq - 2rq
Subscribe Now