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Rio Tinto's prize for blowing up ancient history: $135-million

By: Bloomberg 7th August 2020 A decision by Rio Tinto Group to destroy Aboriginal Australian heritage sites dating back more than 46 000 years delivered about $135-million in extra value to its iron-ore division, according to the miner’s top executive. Rio rejected three other options that would’ve avoided damaging two... →

Business for South Africa issues call to action on local procurement

By: Donna Slater 31st July 2020 Business for South Africa (BSA) has issued a call to action for corporate South Africa to undertake four actions to assist local procurement during the Covid-19 pandemic. The BSA, an alliance of the main business groups, is calling on companies to review their procurement practices and to give... →

MC Mining output, sales buckle under lower demand, prices in Q2

By: Marleny Arnoldi 31st July 2020 JSE-, ASX and Aim-listed MC Mining has experienced a challenging June quarter, troubled by low coal volumes and prices. The company’s Uitkomst colliery, in KwaZulu-Natal, did not produce run-of-mine (ROM) coal in April, while being limited to 50% labour capacity in May, and normalised... →

SACEEC

By: Creamer Media Reporter 31st July 2020 In response to the recent article advertised in Creamer Medias Engineering News, we at the South African Capital Equipment Export Council (SACEEC) fully endorse the ‘Made in Africa’, the ‘Proudly Produced in Africa’ initiative. Our current regional trade is approximately 15% in comparison to the... →

Renergen completes plant design ahead of schedule

By: Simone Liedtke 29th July 2020 Emerging domestic natural gas and helium producer Renergen has completed the design of its Virginia gas plant, 22 days ahead of schedule. The significant achievement marks the completion of the fourth major milestone at its Virginia gas project in the Free State. →

Ambler access road approved

By: Esmarie Iannucci 24th July 2020 The US Bureau of Land Management has inked a Record of Decision (RoD) for the Ambler Mining District Industrial Access Project, approving the development of the northern route to provide access to the Ambler mining district. ASX-listed South32 and TSX and NYSE-listed joint venture (JV) partner... →

Australia's Cabinet approves single-touch approvals for major projects

By: Esmarie Iannucci 24th July 2020 The National Cabinet on Friday agreed to move to single-touch environmental approvals underpinned by national environmental standards for Commonwealth environmental matters. Prime Minister Scott Morrison said the government was also hoping to cut excessive waiting time for project approvals,... →

Miners keeping Australia afloat - Finance Minister

By: Esmarie Iannucci 23rd July 2020 Federal Finance Minster Mathias Cormann on Thursday said that the resource sector has been ‘incredibly important’ over the last six months to the resilience of the Australian economy as it dealt with the Covid-19 pandemic. “We have continued to perform strongly when it comes to our export... →

DBSA confirms financing of $120m for giant Mozambique LNG project

By: Terence Creamer 21st July 2020 South Africa’s State-owned Development Bank of Southern Africa (DBSA) has confirmed financing of $120-million for the $20-billion-plus liquefied natural gas (LNG) project being developed by a Total-led consortium in northern Mozambique. On July 17, Total announced the signing of a $14.9-billion... →

Opinion piece: Carbon Tax vs Carbon Trading: Two Sides of the Same Coin

By: Creamer Media Reporter 17th July 2020 By Eckart Zollner, Head of Business Development at EDS Systems In pursuit of reducing greenhouse gas emissions, various countries have adopted the practice of carbon trading while others like South Africa have implemented a carbon tax as a corrective means to make carbon-intensive industries more... →

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