Topic

Bolivia's largest mine suspends operations as virus controls tighten

By: Reuters 27th March 2020 Bolivia's San Cristóbal mine, a huge desposit of zinc, lead and silver, has suspended operations after the country imposed tough rules to halt the spread of coronavirus, its operator Minera San Cristóbal said in a statement on Friday. The company, a wholly-owned subsidiary of Japana's Sumitomo... →

Petra Diamonds suspends guidance, scales down operations

By: Marleny Arnoldi 27th March 2020 London-listed Petra Diamonds has, in accordance with what the Department of Minerals Resources and Energy expects from miners during South Africa’s 21-day lockdown period, scaled down its operations. The diamond miner advised on March 27 that it had scaled down operations to operate at a... →

Covid-19 to further weaken US coal demand in an already diminishing market

By: Marleny Arnoldi 27th March 2020 US domestic demand for thermal coal will fall during the second quarter of the year as individual states shut down much of the industrial economy to try and stem the spread of Covid-19. This is according to Moody’s Investors Service, which states that, in broader terms, the global economy will... →

Treasury finding other means of hosting scrap metal, e-cigarette tax workshops

By: Marleny Arnoldi 20th March 2020 The National Treasury has cancelled workshops that were meant to discuss export taxes on scrap metals and the taxation and regulation of electronic cigarettes (e-cigarettes), respectively, in line with government’s declaration of a national state of disaster owing to Covid-19. Stakeholders were... →

Australian exports going strong, Covid-19 impact still looming

By: Esmarie Iannucci 18th March 2020 New data from the Office of the Chief Economist has shown that Australia’s resource and energy export earnings are forecast to set a record of A$299-billion in 2019-20, an increase of A$18-billion from 2018-19, while the effects of the COVID-19 virus would likely be felt by the resources sector... →

Port closures won't impact goods movement – so stop panic buying

By: News24Wire 17th March 2020 The recently announced port closures are only meant to limit the movement of people and will not affect the flow of goods to the country, Trade and Industry Minister Ebrahim Patel has said. Patel stressed that the two ports will only be closed for passengers. Passengers from ships that dock at... →

Death of coal financing is exaggerated as China steps up

By: Bloomberg 9th March 2020 Moves by some of the world’s biggest banks to end coal financing for the sake of the planet was supposed to create major headaches for companies like Whitehaven Coal. Yet there was the Australian miner on a conference call last month announcing the refinancing and extension of a A$1-billion... →

New-vehicle sales drop by 0.7% in February

By: Irma Venter 3rd March 2020 Domestic new-vehicle sales dropped by 0.7% in February, to 43 485 units, compared with the same month last year – a much smaller margin of decline than expected from forecasts that have predicted up to a 4% drop in the market in 2020. New-vehicle sales numbers released on Monday showed that... →

Solar power for mines under consideration – Assore

By: Martin Creamer 21st February 2020 A scoping study is under way into the self-generation of electricity for Assmang’s mines – but not its smelters, Assore CEO Charles Walters said on Friday, when the company reported interim results that were negatively affected by weaker chrome and manganese prices, and lower shipments of... →

Nigeria clears hurdle for Africa’s second-biggest hydro plant

By: Bloomberg 21st February 2020 Nigeria will build the second-largest hydroelectric plant in Africa after the government settled a legal dispute that was delaying the project, Power Minister Sale Mamman said. “We have now overcome the major problem stopping this project and it is nearly over,” Mamman said in an interview in... →

About

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

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

Newsletters

Sign up for our FREE daily email newsletter

Receive daily sector news alerts

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