1. Articles in category: Resources

    1-24 of 181 // 1 2 3 4 5 6 7 8 »
    1. SA steel demand set to grow over next decade

      Explore Engineering News (Dec 12 2014)

      SA steel demand set to grow over next decade

      The government’s substantial infrastructure programme outlined in the National Development Plan is expected to drive demand for steel over the next decade, says Department of Trade and Industry Deputy Minister Mzwandile Masina. He told over 250 delegates to the Organisation for Economic Cooperation and Development (OECD)/South Africa Workshop on Steelmaking Raw Materials, in Cape Town, that he expected steel demand, both upstream and downstream, to grow between 6% and 10% a over the next decade.

      (Read Full Article)

      Mentions:   Africa   South Africa   Department of Trade and Industry

    2. Department of Mineral Resources warns against fraudulent requests for procurement of goods

      Explore Polity.org.za (Dec 11 2014)

      Department of Mineral Resources warns against fraudulent requests for procurement of goods

      The Department of Mineral Resources would like to warn members of the public against an organised syndicate (s) scamming unsuspecting members of the public and claiming to act on behalf of the department.

      One of the ways in which the syndicate operates is by requesting quotations for various goods and services from potential service providers, locally and abroad.

      (Read Full Article)

    3. Cheaper oil means cheap commodities

      Explore iol.co.za (Dec 10 2014)

      Cheaper oil means cheap commodities

      Lower fuel prices are compounding the longest commodity slump in a generation. Because energy accounts for as much as half the cost to produce food and metals, all sorts of commodities will keep dropping, according to Société Générale (SocGen) and Citigroup.

      (Read Full Article)

      Mentions:   Opec   China   Bloomberg

    4. Anglo aims to shrink workforce by 60,000

      Explore BDlive (Dec 9 2014)

      Anglo aims to shrink workforce by 60,000

      ANGLO American plans to cut its global workforce by 60,000 people to 102,000 by 2017, with restructuring across its range of businesses and commodities as it seeks to drive up profits in a tough global market.

      Anglo will know by the end of March next year whether it will list or sell its Rustenburg and Union platinum mines as it focuses on low-cost, high-margin, mechanised assets, removing about 20,000 employees from its books at a stroke.

      (Read Full Article)

      Mentions:   Australia   Brazil   BHP Billiton

    5. Mineral Resources on mining charter and...

      Explore Polity.org.za (Dec 2 2014)

      Mineral Resources on mining charter and...

      In a move that seeks to bridge the growth gap between the mining companies and the Small, Medium and Micro Enterprises (SMMEs) in the North West province, the Department of Mineral Resources in collaboration with the North West Provincial Government held a one day workshop at Rustenburg Civic Centre, Bojanala Platinum District.

      (Read Full Article)

    6. Global jitters rock JSE

      Explore BDlive (Dec 1 2014)

      Global jitters rock JSE

      GLOBAL jitters following poor manufacturing data from China and the eurozone and the downgrade of Japan’s sovereign credit rating by Moody’s, triggered widespread panic selling of stocks on Monday, which some analysts believe was excessive.

      The JSE suffered its biggest intraday fall in four-and-a-half years, with resource shares particularly badly bruised.

      The all share index fell as much as 3.69% as investors indiscriminately offloaded stocks from the resource, industrial and financial sectors at the tail-end of a roller-coaster ride for global equities.

      (Read Full Article)

      Mentions:   Russia   Japan   China

    7. BHP Billiton refuses to slow iron ore output even as prices slump

      Explore iol.co.za (Dec 1 2014)

      BHP Billiton signalled that there would be no slowdown in the drive by global iron ore producers to boost production even as prices slump. “Even the iron ore price where it is today can induce more volume,” Jimmy Wilson, BHP’s president of iron ore, said yesterday on Australia’s Nine Network.

      (Read Full Article)

      Mentions:   Australia   Brazil   Bloomberg

    8. Iron-ore producers to boost output

      Explore BDlive (Nov 30 2014)

      Iron-ore producers to boost output

      Iron ore has plunged 47% this year to near the lowest level since 2009 as investment in new mines deepens a global glut

      (Read Full Article)

      Mentions:   Australia   Brazil   Bloomberg

    9. Kumba sets bar high in building of ‘new Dingleton’ as mine expands

      Explore BDlive (Nov 25 2014)

      Kumba sets bar high in building of ‘new Dingleton’ as mine expands

      KUMBA Iron Ore has spent twice as much money on relocating one community as the amount the government has ring-fenced for the improvement of distressed mining towns around the country.

      A new mining town in the northeast of the Northern Cape has been built at a cost of R4.2bn, in record time and with all the necessary public services. It is the biggest community relocation by an Anglo American unit to date.

      (Read Full Article)

      Mentions:   North West   Jeff Radebe

    10. Weaker rand holds up mining industry says PwC

      Explore BDlive (Nov 11 2014)

      Weaker rand holds up mining industry says PwC

      The weaker rand helped to offset financial pressures facing the mining industry in the year ended June 2014, PricewaterhouseCooper's (PwC) SA mining report has found.

      “The industry was somewhat rescued by the weak rand,” PwC energy and mining assurance partner Dion Shango said on Tuesday.  This was viewed as only a temporary respite because it would lead to inflation and cost pressures.

      The total revenue for the mining industry, as reported by Statistics SA was R351.3 billion, marginally increased from R345.4bn the previous year but down from R358.4bn in 2012.

      (Read Full Article)

      Mentions:   JSE   Statistics SA

    11. Gold firms plan drastic cuts

      Explore iol.co.za (Nov 6 2014)

      Gold firms plan drastic cuts

      Struggling gold producers plan increasingly drastic measures such as scrapping dividends, cutting jobs, halting projects and shutting mines to survive the latest price plunge, but not all of them will make it.

       

      (Read Full Article)

      Mentions:   Reuters   South Africa

    12. Iron-ore prices to hit Kumba profit

      Explore BDlive (Nov 6 2014)

      Iron-ore prices to hit Kumba profit

      KUMBA Iron Ore, SA’s largest producer of the ingredient to make steel, has warned that its full-year earnings will be at least R3bn lower than last year because of falling prices.

      Kumba, which operates two large iron-ore mines in the Northern Cape and the smaller Thabazimbi mine in Limpopo, said yesterday its earnings for the year to end-December were lower than before because of the drop in export prices.

      Iron-ore prices have fallen to about $77 a tonne for ore with a 62% iron content, with enormous supplies pouring into the market from Australia and Brazil.

      (Read Full Article)

      Mentions:   Australia   London   Beijing

    13. Platinum stock above ground remains a puzzle

      Explore BDlive (Oct 20 2014)

      Platinum stock above ground remains a puzzle

      Investors are unlikely to rush back into platinum any time soon after a minimal price reaction to its biggest supply shock highlighted a major problem: no one knows how much metal exists above ground or, more importantly, who holds it.

      Analysts predicted a surging market as a record five-month labour stoppage in top producer SA wiped out more than 1-million ounces of output worth $1.28bn. Yet platinum, used mostly in automotive catalytic converters which clean up exhaust emissions, also failed to react to a 2.4-million ounce accumulation of metal into exchange-traded funds since 2010. The metal has lost ...

      (Read Full Article)

      Mentions:   Reuters   London   Russia

    14. Waterberg coal miners collaborate on resources

      Explore BDlive (Oct 16 2014)

      Waterberg coal miners collaborate on resources

      THE three most advanced coal companies in the Waterberg region — Exxaro, Resource Generation (Resgen) and Waterberg Coal Company — are working together with Sasol to develop the area’s coal resources most efficiently and sustainably to avoid some of the problems that have evolved in the Mpumalanga coal fields, Exxaro executive for business development Ernst Venter said on Wednesday.

      Mr Venter, who was answering questions at Wednesday’s Fossil Fuel Foundation Waterberg coal conference in Lephalale, said he was confident the mines would together be producing about 30-million tons a year of coal for export within the next 20 years.

      (Read Full Article)

      Mentions:   Transnet   Sasol   Eskom

    15. Mick Davis' X2 Resources now sitting on nigh-$5bn war chest

      Explore MiningWeekly.com (Oct 15 2014)

      Mick Davis'  X2 Resources now sitting on nigh-$5bn war chest

      Old Xstrata recollections were reignited on Tuesday as former Xstrata CEO Mick Davis announced that his new X2 Resources had garnered in another $1-billion to take the incipient mining company towards financial reserves of close on $5-billion. A number of new investors have taken the X2 total up to $4.8-billion of committed and conditional equity capital, the new company said in a media release.

      (Read Full Article)

      Mentions:   London   Africa   South Africa

    16. Manufacturing and mining output drop

      Explore BDlive (Oct 10 2014)

      Manufacturing and mining output drop

      DISMAL data showing mining and manufacturing output both contracted on an annual basis in August highlights the continued vulnerability of SA’s productive sectors.

      According to figures published by Statistics SA on Thursday, manufacturing production contracted by 1.2% year on year in August while mining output fell by 10.1%, the latter mainly as a result of a fall in the production of platinum group metals.

      (Read Full Article)

      Mentions:   Department of Trade and Industry   Kagiso   Statistics SA

    17. Lonmin shrugs off platinum strike’s production setback sooner than forecast

      Explore BDlive (Oct 9 2014)

      Lonmin shrugs off platinum strike’s production setback sooner than forecast

      PLATINUM miner Lonmin on Wednesday announced it had returned to full production earlier than forecast.

      In its third-quarter results, released earlier this year, it had said production to June had been severely affected by the five-month Association of Mineworkers and Construction Union (Amcu) strike in the sector; 82% of its workforce are members of Amcu.

      Lonmin, whose CEO is Ben Magara, said the strike led to a loss of 3.1-million tonnes of ore, containing about 192,700 saleable platinum ounces.

      (Read Full Article)

    18. The Serious Gaps Exposed Through Conflict Mineral, Supply Chain Compliance

      Explore Supply Chain Management Review (Oct 7 2014)

      As a two-year grace period soon expires, thousands of U.S. corporations are still scrambling to overcome severe obstacles to gather and authenticate a complex web of supply chain information to meet conflict minerals reporting requirements.

      “In our analysis of Securities and Exchange Commission filings this year and through our detailed ongoing observations, far too many companies are severely lagging in getting commitments from suppliers to provide detailed information,” said Jess Kraus, CEO of Source Intelligence. “This is a huge obstacle, especially since we are fast approaching a key stage in Dodd-Frank – audited and verifiable reports on source materials.”

      (Read Full Article)

      Mentions:   U.S. Securities and Exchange Commission

    19. BHP aims to slash iron ore costs to become cheapest supplier

      Explore BDlive (Oct 6 2014)

      BHP aims to slash iron ore costs to become cheapest supplier

       BHP Billiton aims to cut its iron ore production costs by more than 25% and squeeze more metric tonnes from its mines as it aims to overtake rival Rio Tinto as the world’s cheapest producer, the world’s largest miner said on Monday.

      BHP, the third-biggest iron ore producer behind Brazil’s Vale and Rio Tinto, outlined the cost-cutting and expansion plan even as iron ore prices have slumped 42% this year, as it sees demand picking up over the medium term.

      (Read Full Article)

      Mentions:   Reuters   Australia   Brazil

    20. Anglo assets not right for Glencore, says CEO Glasenberg

      Explore BDlive (Sep 4 2014)

      Anglo assets not right for Glencore, says CEO Glasenberg

      GLENCORE CEO Ivan Glasenberg on Wednesday dismissed any speculation his company might be interested in buying Anglo American. Glencore would invest in asset types it already owned, such as the coal mines supplying Eskom, as long they offered attractive returns.

      Mr Glasenberg was responding to questions about South Africa’s plans to impose conditions on the export of coal, which has been declared a strategic mineral to protect Eskom’s supply.

      (Read Full Article)

      Mentions:   South Africa   Glencore   Bloomberg

    21. Bhp Billiton to focus on energy assets

      Explore fin24.com (Sep 1 2014)

      Bhp Billiton to focus on energy assets

      BHP Billiton's chief executive Andrew Mackenzie said on Thursday the global mining giant was switching its focus to energy, with iron ore and coal to receive less emphasis as China's demand for steel slows.

      (Read Full Article)

      Mentions:   Asia   China   BHP Billiton

    22. Opportunities beckon in Africa but Oz firms face stiff competition

      Explore MiningWeekly.com (Aug 29 2014)

      Australian resources firms that were hoping to exploit African minerals would have to address challenges associated with building sustainable opportunities if they were to deepen market penetration on the continent, and to strengthen their foot-hold in the long term.

      The message came from the Department of Foreign Affairs and Trade’s East Africa section director Jeannie Henderson at the first day of the East Africa Oil & Gas conference, in Perth.

      (Read Full Article)

      Mentions:   Australia   Africa   Canada

    23. Supply glut hits iron-ore prices

      Explore BDlive (Aug 29 2014)

      Supply glut hits iron-ore prices

      Iron-ore prices will fall further because there is too much supply of the main ingredient for steel

      (Read Full Article)

      Mentions:   London   China   Bloomberg

    24. SA urged to import natural gas ahead of local gas finds

      Explore Engineering News (Aug 26 2014)

      SA urged to import natural gas ahead of local gas finds

      South African Oil and Gas Alliance CEO Ebrahim Takolia has argued that South Africa should first increase the size and distribution network of the local gas market.

      (Read Full Article)

      Mentions:   Africa   South Africa   Nigeria

    1-24 of 181 // 1 2 3 4 5 6 7 8 »