DENVER–(BUSINESS WIRE)–Newmont Mining Corporation (NYSE: NEM) announced it will report third quarter 2017 operations and financial results before the market opens on Thursday, October 26, 2017 and will hold a conference call at 10:00 a.m. Eastern Daylight Time (8:00 a.m. Mountain Daylight Time) the same day. This is one hour earlier than previously announced. The earnings call will also be carried on the Company’s website. This replaces the initial announcement made on September 07, 2017. Con
NEW YORK–(BUSINESS WIRE)–Arconic Inc. (“Arconic” or the “Company”) (NYSE: ARNC) announced today that all its outstanding 5.375% Class B Mandatory Convertible Preferred Stock, Series 1, par value $1.00 per share (“Class B preferred stock”), will automatically convert into shares of Arconic common stock at a rate of 15.6996 common shares per share of Class B preferred stock, with deemed effect on October 1, 2017, the mandatory conversion date. On October 2, 2017, the first business day followin
As German Chancellor Angela Merkel embarks on coalition talks to bed down her fourth term in office, a promise made shortly before her re-election may come back to haunt her.
At least that’s the view of nine analysts and researchers from Berlin to London who all say her target of reducing carbon emissions in Europe’s biggest economy by 40% in 2020 will probably fail. On September 14, Merkel went as far as saying that she will find ways to meet the goal, no matter what. At the end of last year, those emissions were down 27% from 1990 levels.
South Africa’s Karoo basin probably has a thirtieth of the shale gas deposits that some estimates had suggested, deflating expectations of an energy bonanza, a study published on Thursday said. The findings by the South African Journal of Science have been published shortly before the expected award of the first shale gas exploration licences in the region. The government had said an award could happen by the end of September.
ARCADIA, Calif.–(BUSINESS WIRE)–Fuse Enterprises today announced an expansion of the Company’s business plan within the mining and minerals industry.
HOUSTON–(BUSINESS WIRE)–#clean–Hydrus Technology Secures U.S. Patent for Its Groundbreaking Wastewater Treatment Technology.
CLEVELAND–(BUSINESS WIRE)–Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, announced Zachary J. Siegal has been promoted to the new position of Vice President of Strategic Development, effective Oct. 1, 2017. Siegal began his career at Olympic Steel in 2007 as a Quality Engineer, and has progressed through several roles with increasing responsibility in various regions. He served as Purchasing Specialist and later as Operations Manager at the Company’s Minnesota fa
A 163.41 ct flawless white diamond found last year in Angola will go to auction in Geneva on Nov. 14, global auction house Christie’s said on Thursday. “The largest stone that ever come up on the market before of this quality was 110 ct,” Francois Curiel, Christie’s chairperson for Europe and Asia, said at a showing of the diamond in Hong Kong.
OKLAHOMA CITY–(BUSINESS WIRE)–LSB Industries, Inc. (NYSE:LXU) (“LSB” or “the Company”) today announced that the ammonia plant at its Pryor, Oklahoma chemical facility (“Pryor Facility” or “Pryor”) experienced a minor fire and was taken out of service on September 23, 2017 to repair damage to some of the plant’s electrical controls, wiring and piping. None of the Company’s employees were injured, there was no damage to the reformer or to other major pieces of equipment, and there was no releas
Russian diamond major Alrosa said on Thursday that it would reopen its trade office in New York in late 2017 or early 2018.
Alrosa president Sergey Ivanov, who met with representative of the US diamond industry this week, said in a statement that Alrosa was interested in trading in rough and polished diamonds in the US.
Lithium-boron developer Global Geoscience will raise A$30-million through an institutional placement to advance its Rhyolite Ridge project, in Nevada.
The ASX-listed company on Thursday reported that 150-million shares will be issued under the company’s placement capacity, priced at 20c each, with the price representing a discount of 9.1% to Global’s last closing price on September 25.
Australian oil and gas producer Origin Energy has struck a deal with fellow listed Beach Energy to divest of its conventional upstream oil and gas subsidiary Lattice Energy for A$1.58-billion.
Beach told shareholders on Thursday that the acquisition of Lattice would be a transformational transaction for the company, significantly enhancing its scale and creating a leading ASX-listed oil and gas mid-cap with diversity of production and growth options.
Australia’s three largest gas exporters, Shell, Origin Energy and Santos, have struck a deal with the federal government to supply the expected gas shortfall in 2018.
The Australian Competition and Consumer Commission (ACCC) and the Australia Energy Market Operator (AEMO) have both warned of major gas shortages starting in 2018, with the ACCC projecting supply shortfalls of up to 55 PJ on the Australian east coast in 2018, with the AEMO placing the expected shortfall at between 54 PJ and 107 PJ, while the 2019 shortfall is expected to be between 48 PJ and 102 PJ.
The Tanzanian government has granted LSE-listed Petra Diamonds authorisation to resume the export and sales of diamonds from its Williamson mine. The miner and the government will now finalise details of the timing and process for the next diamond parcel to be exported to Petra’s marketing office in Antwerp.
The business rescue of ferrochrome producer Hernic Ferrochrome has not yet impacted AltX- and Aim-listed Jubilee Platinum’s platinum and chrome operations in the North West province, Jubilee CEO Leon Coetzer assured shareholders on Thursday. Following a comprehensive assessment of financial alternatives by Hernic’s directors, the operation entered voluntary business rescue on September 21 in an effort to restructure some its business activities.
DUBLIN–(BUSINESS WIRE)–The “Global Graphene Market Opportunity, Projects, Application & Patent Insight 2023” report has been added to Research and Markets’ offering. Graphene is undoubtedly emerging as one of the most promising nanomaterials because of its unique combination of superb properties, which opens a way for its usage in a wide spectrum of applications ranging from electronics to optics, sensors, and bio-devices. It is an allotrope of carbon in the form of a two-dimensional, ato
Indonesia’s Energy and Mineral Resources Minister Ignasius Jonan said he disagreed with a proposal for domestic thermal coal to be priced based on a cost plus margin mechanism, amid pressure to reduce costs borne by the state power utility.
“Costs could be set as they please,” Jonan told reporters at a ministry event on Thursday, referring to the production costs of coal miners.
SALT LAKE CITY–(BUSINESS WIRE)–WesTech Engineering, Inc. (WesTech) has signed an exclusive alliance agreement with Microvi Biotech, Inc. (Microvi) to promote Microvi’s innovative biological technologies for the water and wastewater industries. The agreement gives exclusivity to WesTech to promote Microvi’s technologies in the U.S. and Canada, while also pursuing advantageous partnerships globally. The alliance builds on the foundation of existing partnership projects, including water and wast
Palladium prices topped platinum for the first time since 2001, underscoring the diverging outlooks for the metals. Supplies are expected to tighten in palladium, used mostly in pollution-control devices for gasoline-powered cars and trucks, while demand has slipped for platinum, which helps reduce smog from diesel vehicles. An ounce of platinum bought as little as .9901 ounces of palladium on Wednesday, the least since September 2001.
Canadian steel producer Stelco Holdings, which emerged from bankruptcy protection three months ago, said on Wednesday it has filed a preliminary prospectus with securities regulators in Canada for a proposed initial public offering of its shares.
Stelco, which is owned by US restructuring firm Bedrock Industries Group, is seeking
Resources analysts say the McGowan Government’s decision to raise gold royalties to 3.75 per cent will have only a limited effect on WA’s gold miners.
TLALNEPANTLA DE BAZ, Mexico–(BUSINESS WIRE)–Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (“Mexichem”) reported that it has successfully completed a 144A / Reg S US$1 billion bond offering. The offering is comprised of two tranches: a US$500 million bond that will carry a fixed rate of 4.00% and mature in October 2027 and a US$500 million bond that will carry a fixed rate of 5.50% and mature in January 2048. The proceeds of the offering will be used to finance Mexichem’s recent acquisition of Neta
eCobalt Solutions has revealed positive economics from a feasibility study (FS) of the company’s flagship Idaho Cobalt Project (ICP), the only environmentally permitted, primary cobalt project located in the US.
Based on an underground mine, the FS envisions a target production rate of 800 short tons a day and a weighted average annual output of 2.4-million pounds of of cobalt, 3.3-million pounds of copper and 3 000 oz of gold over a 12.5-year mine life. The FS used a 0.25% cobalt cutoff grade.
The TSX-listed stock of beleaguered miner Tahoe Resources fell as much as 13.5% on Wednesday, after the Guatemalan Supreme Court issued a ruling clarifying the specific geographical areas to be included in a fresh round of indigenous consultations and the court denying action to force the Energy and Mines Ministry (MEM) to renew the company’s mineral export permit.
The Vancouver-based miner advised that the court has directed the MEM to undertake a new consultation process under International Labour Organisation’s Convention 169 with the Xinca communities in four municipalities in the region of the flagship Escobal mine, including Casillas, Nueva Santa Rosa, Mataquescuintla and San Rafael Las Flores.
ASX-listed European Cobalt has been awarded a licence for the Rakovec project, in Slovakia, which adjoins the eastern extent of its Dobsina cobalt/nickel/copper project.
The company said on Wednesday that mapping had confirmed the presence of five element veins in the same setting as that of the Dobsina and Rejdova licences, with the project area covering 6.66 km2 of land.
Junior iron-ore produced NSL Consolidated has welcomed a A$5-million strategic equity investment by Australian financial institution First Samuel.
NSL told shareholders on Wednesday that the investment would provide the company with additional working capital as the Phase 2 wet beneficiation plant progress at its Indian iron-ore projects, progressed to nameplate capacity by the end of October.
LONDON–(BUSINESS WIRE)–#PPE–Technavio’s report on the personal protective equipment market for the mining industry provides an analysis of the most important trends and drivers.
The board of auditing firm Sizwe Ntsaluba Gobodo (SNG) has resigned as auditors of Gupta-owned Oakbay Resources and Energy Limited and its related entities. The auditing firm’s statement stipulates that this decision was made after a thorough assessment of its relationship with the company which has spanned 18 months.
The Thalanga mill, in Queensland, has ramped up to a processing rate of 325 000 t/y, exceeding the project’s 300 000 t/y nameplate capacity, ASX-listed Red River Resources reported on Wednesday.
The ramp-up of the Thalanga zinc project has been completed ahead of schedule and about A$1-million under budget, with 13 500 t of low- to medium-grade ore processed since production started in September.
Transnet Freight Rail’s (TFR’s) Natal Corridor (Natcor) channel, which operates the railway line that stretches from Rietvlei, in Gauteng, to the Durban Harbour, broke its monthly tonnage record in September. The Natcor channel railed 1.31-million tons, smashing its previous best monthly tonnage of 1.27-million tons, which was achieved during the 2016/17 financial year.
TORONTO–(BUSINESS WIRE)–Almonty Industries Inc. (“Almonty”) (TSXV: AII): NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Almonty Industries Inc. (“Almonty”) (TSXV: AII) announces that it has entered into a subscription agreement with JP Morgan Asset Management (UK) Ltd (“JPAM”) pursuant to which JPAM will subscribe for 5,000,000 common shares at a price of CAD$0.54 per common share for gross proceeds to Almonty of CAD$2,700,000 (the “Placement”). This priv
A domestic coal shortage has forced Poland’s largest coal exporter Weglokoks to order a shipment from the United States so that it can honour contracts with its overseas buyers. Weglokoks said on Wednesday that it plans to resell the imported US coal abroad, mostly to the Czech Republic, Slovakia, Hungary, Germany and Austria, but would also consider sales to customers in Poland in the future.
There is no clarity on the way that mining companies can drawdown from their financial provision vehicles to undertake mine rehabilitation, the Joburg Indaba Breakfast heard on Wednesday during a discussion on the new National Environmental Management Act (Nema). Chaired by mining luminary Bernard Swanepoel, the meeting was told that the withdrawal of excess funds from mine rehabilitation trusts is to continue to be disallowed, after failing to make the list of many proposed amendments to Nema’s financial provision regulations of 2015.
Unknown attackers killed two paramilitary police officers and wounded two others in an assault on a convoy carrying fuel to the Inata gold mine in northern Burkina Faso, Avocet Mining said on Wednesday. The mining company said the gendarme escort appeared to be the target of the attack. It added it would review security measures and take measures to ensure the safety of the mine and its employees.
Exploration and development company Chaarat Gold is planning to accelerate work on its Kyrgyzstan gold project, which has all the necessary approvals in place for production to start in 2019.
Chaarat chairperson Martin Andersson said on Wednesday that the management team was working on budgets, plans and timelines to speed up construction of the Tulkubash heap leach project ahead of securing the full construction financing.
