ARM reports record headline earnings of R5bn for 1H F2021
Despite Covid-19-related global economic challenges and uncertainty, African Rainbow Minerals (ARM) report records headline earnings of R5 039 million for
Read more
Author: admin
SINOPEC invests in state-of-the-art spiral pipe plant
SINOPEC Shashi Steel Pipe Works (SINOPEC SSPW) has placed an order for the supply of a spiral pipe plant for
Read more
EU assesses safeguarding measures on steel imports
The European Commission has initiated an investigation to assess whether the safeguard measure currently in place on imports of certain
Read more
Upside potential exists for crude oil
Brent crude oil prices have surged sharply by about 19% over February-2021 moving above the USD 65 per barrel mark
Read more
Porsche advances climate-neutral eFuels development
Porsche, Siemens Energy and a line-up of international companies are developing and implementing a pilot project in Chile that is
Read more
Posco develops stainless steel for desulfurization facilities
Korean media reported that Posco, the largest South Korean steelmaker, has succeeded in developing core materials used in desulfurization facilities
Read more
Glencore Alloys explores cogeneration and clean energy projects
Glencore’s ferrochrome business confirmed that it is exploring cogeneration projects at its South African sites, while also giving an indication
Read more
SA economy: Light at the end of tunnel?
The Budget, was it good or bad? Will it give us more economic freedom and prosperity? The good news is
Read more
Shutdown services tailored to suit customers
Metso Outotec is launching three Shutdown Services programs centered around planning and execution activities for improved shutdown performance. Each of
Read more
MIT uses tin to produce hydrogen without CO2 emissions
MIT’s Carbon Capture, Utilization, and Storage Centre has awarded US$750,000 to undertake a research project using molten tin to produce
Read more
Endeavour increases 2021 production guidance by 50%
GEORGE TOWN – Endeavour Mining has announce that it has increased its guidance for 2021 to include production from the
Read more
Loulo-Gounkoto gold beats guidance, replaces depleted reserves
Barrick’s Loulo-Gounkoto mine complex delivered production of 680,215 ounces of gold in 2020, exceeding its full year guidance despite Covid-19
Read more
Posco and Hyundai Steel to ramp up steel production
Yonhap reported that South Korean steelmakers are rushing to ramp up capacity utilization in an effort to meet rising demand
Read more
Gemfields restarts its mining operations
Gemfields Group has announced that both its 75% owned Kagem Mining Limited (Kagem) emerald mine and 75% owned Montepuez Ruby
Read more
Platinum swells to six-year high amid diminished supply
Platinum has been trading above $1,250 per troy ounce, and even touched the 6-year high of $1,302/oz in mid-February, as
Read more
Angola continues producing monster diamonds
PERTH, Australia – Lucapa Diamond Company and its partners Empresa Nacional de Diamantes E.P. (Endiama) and Rosas & Petalas have
Read more
Minerals Council: Govt sends positive signal for growth and competitiveness
JOHANNESBURG – In presenting a plan for stabilising government debt at 88.9% of Gross Domestic Product (GDP) in four years’
Read more
January 2021 crude steel production
BRUSSELS, Belgium – World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 162.9
Read more
PPC restructures and refinances its projects
SANDTON – PPC is undertaking a restructuring and refinancing project with the objective of implementing a sustainable capital structure and
Read more
Resilient Anglo American and robust demand deliver profit of $9.8 billion
LONDON – The resilience of Anglo American diversified business, following the operational disruptions of the first half and benefiting from
Read more
Gold Fields gets approval for South Deep solar plant
Johannesburg – Gold Fields says it welcomes the electricity generation licence approved today by the National Energy Regulator of South
Read more
Kibali Continues to Shine through its leading-edge technology
The Barrick-operated Kibali Joint Venture in the DRC produced 808,134 ounces of gold in 2020, achieving the top-end of production
Read more
Exxaro sells Tronox stake for R4.8 billion
Pretoria – Exxaro Resources announced on Thursday the pricing of its upsized offering of 19,108,970 Tronox shares in an underwritten
Read more
Merafe Resources reduces its losses by almost 86%
Sandton – Because the JSE listings requirements, issuers are required to publish a trading statement as soon as they are
Read more
Implats PGM production increases by 29%, profit triples
Implats delivered stellar results for its half year ended 31 December 2020 despite the challenges presented by navigating Covid-19. An
Read more
Tin on the rise as it moves to hydrogen economy
Tin doesn’t usually get the same attention as other metals, but the soft metal has muscled its way into the
Read more
Glencore to meet energy needs as it progresses through transition
The world currently depends on fossil fuels (coal, natural gas and oil) for around 80% of its primary energy demand.
Read more
National Treasury backtracks on plans to raise additional R40 billion
The 2021 Budget shifts numbers across the balance sheet to make it look good. There’s good news and there’s bad
Read more
HYDROGEN: Growing market for platinum
It is now estimated that green hydrogen could supply up to 25 per cent of the world’s energy needs and
Read more
Exxaro to dispose of its shareholding in Tronox
PRETORIA – Exxaro Resources has announced that it commenced a public offering in the United States of up to 17
Read more