South African President Jacob Zuma is considering making changes to his Cabinet if he survives a motion of no confidence in Parliament, according to two officials of the ruling African National Congress who have knowledge of the matter. Minerals Resources Minister Mosebenzi Zwane, Energy Minister Mmamoloko Kubayi and Mduduzi Manana, the deputy minister of Higher Education, may be removed from the administration, according to one of the people who asked not to be named because he isn’t an official spokesperson. Zuma’s spokesperson Bongani Ngqulunga didn’t answer a call to his mobile phone or immediately respond to a voice message.
Gas infrastructure major GAIL India has started work on a stalled 438 km gas pipeline, throwing a lifeline to the Kochi liquefied natural gas (LNG) terminal, languishing at less than 10% capacity utilisation. GAIL last week officially restarted work on constructing the pipeline connecting Kochi in the southern province of Kerala, traversing through Tamil Nadu province and terminating in Mengaluru in Karnataka, entailing an investment of $518-million.
DUBLIN–(BUSINESS WIRE)–The “Research Report of China’s Electrolytic Aluminum Industry, 2017-2021” report has been added to Research and Markets’ offering. According to this research, China is the world’s largest electrolytic aluminum producer with output volume accounting for over half of the world’s, and it has remained rapid growing in these years. The CAGR of China’s electrolytic aluminum output volume was 13.2% during 2006-2016 while that of other regions in the world declined slightly in
TSX- and NYSE-listed gold project developer Vista Gold Corp saw a net loss of $2.7-million, or $0.03 a share, for the three months ended June 30. This included $2.2-million of net operating expenses and an unrealised $0.5-million mark-to-market loss on the company’s investment in gold explorer Midas Gold.
DUBLIN–(BUSINESS WIRE)–The “The United Kingdom: Copper Ores And Concentrates – Market Report – Analysis And Forecast To 2025” report has been added to Research and Markets’ offering. The report provides an in-depth analysis of the Market for Copper Ores And Concentrates in The United Kingdom. It presents the latest data of the market size and volume, European production, exports and imports, price dynamics and turnover in the industry. The report shows the sales data, allowing you to identify
Japan’s Sumitomo Metal Mining said on Tuesday it will withdraw from a nickel exploration project in the Solomon Islands owing to slumping nickel prices, harsh business circumstances and the outcome of legal proceedings.
Sumitomo Metal Mining, which began exploring in the Solomons in 2005, has been caught up in a six-year legal battle with Australia’s Axiom Mining, which ended this year with neither company being granted the rights over a nickel deposit in Isabel province, it said.
SCOTTSDALE, Ariz.–(BUSINESS WIRE)–El Capitan Precious Metals, Inc. (OTCQB: ECPN) announced today that in the month of July it has shipped a total of 13.5875 pounds of El Capitan precious metals recovered from its El Capitan mine site to a U.S.-based refinery. August shipments are on schedule and the Company will report both the recovery details as well as the dollar value of July shipments within the next 45 days. According to John F Stapleton, Chairman and CEO, revenue from the initial June
Iron-ore shipments to China from Australia’s Port Hedland terminal dropped 12% to 32.03-million tonnes in July from 36.6-million tonnes in June, port data released on Tuesday showed.
Overall iron ore shipments from the world’s biggest export terminal for the steelmaking raw material dipped to 37.9-million tonnes from 43.1-million tonnes in June, according to the Pilbara Ports Authority.
While cyberattack extortion is in vogue the world over, in Brazil’s Amazon region old-school shakedowns are no thing of the past. A couple was arrested after allegedly unscrewing the bases of energy towers belonging to Vale SA near the city of Parauapebas and demanding as much as 15 million reais ($4.8 million) from the mining company in exchange for abandoning plans to continue such attacks, federal police said Monday.
Mineral Resources Minister Mosebenzi Zwane has hit back at the Chamber of Mines (CoM) in a dispute over the Mining Charter Three, accusing the chamber of blocking transformation efforts in the mining industry. Filing his answering affidavit in the High Court of South Africa on Monday, Zwane said the response decisively countered the many “fallacies” put forth by the CoM, which was opposed to the implementation of the new charter.
It uses the largest marquee in the Southern Hemisphere, and all the catering and every piece of infrastructure needs to be brought into Kalgoorlie, conference organiser John Langford says.
伦敦–(BUSINESS WIRE)–(美国商业资讯)–Vedanta Resources plc (简称“公司”或“Vedanta”)(LSE:VED)今日宣布,此前宣布的利用现金收购所有2019年到期774,772,000亿美元收益率6.00%未偿债券(CUSIP: G9328D AH3, ISIN: USG9328DAH38 (Regulation S))(简称“2019年债券”)以及2021年到期9亿美元收益率8.25%债券( CUSIP: G9328D AG5, ISIN: USG9328DAG54 (S条例); CUSIP: 92241T AG7, ISIN: US92241TAG76(144A条款))(简称“2021年债券”,两者统称“债券”)的要约已经到期,并公布了上述债券现金要约收购(简称“收购要约”)的结果。收购要约已于纽约时间2017年8月3日早上8点(简称“到期时间”)到期。截至到期时间,2019年债券共收到了约522,513,000美元的有效标售额,2021年债券共收到约229,843,000美元有效标售额。此外,所有2019年债券和2021年债券均未
倫敦–(BUSINESS WIRE)–(美國商業資訊)–Vedanta Resources plc (簡稱「公司」或“Vedanta”)(LSE:VED)今日宣佈,此前宣佈以現金收購所有2019年到期774,772,000美元收益率6.00%未償債券(CUSIP: G9328D AH3, ISIN: USG9328DAH38(S 條例))(簡稱「2019年債券」)以及2021年到期9億美元收益率8.25%債券(CUSIP: G9328D AG5, ISIN: USG9328DAG54 (S 條例); CUSIP: 92241T AG7, ISIN: US92241TAG76(144A條款)(簡稱「2021年債券」,兩者統稱「債券」)的要約已經到期,並公佈上述債券現金要約收購(簡稱「收購要約」)的結果。收購要約已於紐約時間2017年8月3日早上8點(簡稱「到期時間」)到期。截至到期時間,2019年債券共收到約522,513,000美元的有效標售額,2021年債券共收到約229,843,000美元有效標售額。此外,所有2019年債券和2021年債券均未按照與2017年7月27日收購
DUBLIN–(BUSINESS WIRE)–The “A-Share Listed Metal and Mining Companies – Profiles and Financial Data” company profile has been added to Research and Markets’ offering. This report analyzes 81 metal and mining enterprises listed in A-share market in China. In 2016, China’s mining industry achieved total profits of CNY 182.52 billion, down by 27.5% YOY. This included CNY 40.37 billion in ferrous metal mining, down by 13%, which is 30.9 percentage points smaller over the previous year; CNY 48.33
A slowdown in imports paints a worrying picture of the domestic Chinese economy, while the big miners will be worrying about slowing commodity demand.
Copper Mines of Tasmania has an ambitious plan to make Mount Lyell on Tasmania’s West Coast Australia’s first zero emissions mine when it reopens.
Copper Mines of Tasmania has an ambitious plan to make Mount Lyell on Tasmania’s West Coast Australia’s first zero emissions mine when it reopens.
ATLANTA–(BUSINESS WIRE)–Ciner Resources LP (NYSE: CINR) today reported its financial and operating results for the second quarter ended June 30, 2017. Second Quarter 2017 Financial Highlights: Net sales of $119.7 million increased 2.6% over the prior-year second quarter; year-to-date net sales of $246.3 million increased 6.6% over the prior-year. Net income of $17.5 million decreased 19.7% over the prior-year second quarter; year-to-date net income of $39.9 million decreased 7.0% over the pri
HOUSTON–(BUSINESS WIRE)–Black Stone Minerals, L.P. (NYSE:BSM) (“Black Stone Minerals,” “Black Stone,” or “the Partnership”) today announces its financial and operating results for the second quarter of 2017. Highlights Production for the second quarter averaged 37.3 MBoe/d, a 5% increase over the prior quarter. Reported oil and gas revenues of $87.2 million and lease bonus and other income of $11.4 million for the quarter. Generated net income of $54.2 million and Adjusted EBITDA of $74.7 mil
OVERLAND PARK, Kan.–(BUSINESS WIRE)–Compass Minerals (NYSE: CMP) reported a second-quarter loss of $6.4 million, or $0.19 per diluted share, compared to earnings of $6.3 million, or $0.18 per diluted share, in the second quarter of 2016. “Despite a strong performance this quarter in our Plant Nutrition North America business, our results were pressured by increased costs in the Salt segment and sluggish plant nutrition sales in South America,” said Fran Malecha, Compass Minerals’ president an
Junior Capricorn Metals has reported a maiden ore reserve of 21-million tonnes at its Karlawinda gold project, in Western Australia.
Grading at 1.06 g/t gold, the project is estimated to contain some 713 000 oz
Construction of the Dalgaranga gold project, in Western Australia, is continuing apace, with first gold production still targeted for the second quarter of 2018, ASX-listed Gascoyne Resources reported on Monday.
Design and engineering of the 2.5-million-tonne-a-year processing plant is some 60% completed, and project house GR Engineering has mobilised to site to start construction.
Gold miner Millennium Minerals has reported a maiden underground resource of 475 000 t, grading 5.3 g/t gold for 80 400 oz of contained gold at the Bartons deposit, below the existing Bartons pit at the Nullagine gold project, in Western Australia.
Millennium CEO Peter Cash said on Monday that the Phase 1 resource provided a strong foundation for the company’s plans to develop its first underground mining operation at Nullagine.
Mining junior Renascore Resources has been awarded A$25 000 from the South Australian government for its Siviour graphite project, in the Eyre Peninsula.
The funds, which was granted under the state government’s Future Jobs Fund, will be used to develop a business case to support construction of a graphite concentrate and downstream processing facility at the Siviour deposit, said Renascor on Monday.
The federal government has awarded ASX-listed Northern Minerals some A$4.8-million in funding as part of its Building Better Regions fund, to develop an Aboriginal training-to-work (T2W) programme at the Browns Range heavy rare earth pilot plant project, in Western Australia.
Northern Minerals said on Monday that the government funding would contribute towards the total A$8.1-million project costs for the T2W project, which would include the establishment of economic infrastructure at Browns Range.
Diversified metals miner Independence Group is on track to bring forward over 200 000 oz of gold production at its Tropicana gold joint venture (JV), in Western Australia, between 2017 and 2019, with the re-introduction of grade streaming.
Independence, which owns 30% of Tropicana in a JV with AngloGold, stated on Monday that mill throughput had successfully increased from the nameplate capacity of 5.8-million tonnes to 7.5-million tonnes a year, with potential to increase further to 7.6-million or 7.7-million tonnes by the end of 2017 with the completion of plant improvements.
Producers of processed lithium – an essential element for batteries used in electric cars – are agreeing long-term contracts with their customers to fund the investments needed to address a looming shortfall. Demand for battery-grade lithium compounds is expected to skyrocket in the next decades in tandem with soaring demand for electric cars as governments and individual consumers try to reduce their carbon footprint.
With the Association of Mineworkers and Construction Union (AMCU) recognised as the only trade union at platinum miner Lonmin’s operations, Lonmin has removed the recognition and organisational rights of minority trade unions Solidarity, the National Union of Mineworkers (NUM) and Uasa, according to Solidarity. AMCU is currently the largest trade union on site at Lonmin’s operations.
Rescue teams were still searching on Monday for eight workers missing in a flooded underground mine owned by Russian diamond miner Alrosa after one miner was rescued over the weekend.
Parts of the “Mir” (“Peace” or “World”) mine in the remote Yakutia region of eastern Siberia flooded on Friday when water seeped in from an open-cast mine above it.
OMAHA, Neb.–(BUSINESS WIRE)–#agricultural–Proxibid will provide online bidding for a large volume of agricultural sales in the month of August in preparation for the fall harvesting season.
India’s Mines Ministry will put out draft amendments to the Mineral Auction Rules 2015, which will make it easier for bidders to participate in mineral block auctions and will also tweak the definition of captive mining.
According to a Ministry official, the draft amendments will be published for public discussion later this month. Input has already been sought from industry.
JSE-listed Randgold & Exploration (R&E) expects to widen its loss and headline loss a share by more than 60% to between 14.7c and 15.56c apiece for the six months ended June 30. This compared unfavourably with the loss and headline loss a share of 8.67c during the corresponding period last year.
Mining major BHP will spend more than A$600-million at the Olympic Dam operation, in 2018.
Asset president Jacqui McGill said in a speech at the American Chamber of Commerce in Adelaide, last week, that the company had 49 projects in execution at Olympic Dam during the 2018 financial year.
MAYFIELD HEIGHTS, Ohio–(BUSINESS WIRE)–Materion Corporation (NYSE: MTRN) President and Chief Executive Officer Jugal K. Vijayvargiya will ring the Closing Bell® at the New York Stock Exchange at 4 p.m. EDT on Monday, August 7, 2017, to mark Materion’s 45th year as an NYSE-listed company. Mr. Vijayvargiya will be joined at the podium of the NYSE by the Company’s senior leadership team. A live webcast of the Closing Bell® (beginning at 3:59 p.m. EDT August 7, 2017) will be available on the NYSE
JSE-listed Merafe Resources has ended the first six months of this year on a stronger financial basis after reducing its net debt by 49% to R207.8-million, from R409.3-million in the six months to December 2016. During the six months under review, Merafe continued to repay the bulk of its head office debt owing to Absa and Standard Bank, with a reported balance of R400 000 owed to the banks by period-end and unused debt facilities of R299.6-million.