International

Husqvarna Group is building its first solar power generating facility at its current injection molding site in Nashville, Arkansas, USA. The new facility is expected to reduce the CO2 footprint by approximately 1,000 tons in the first year of operation and approximately 25,000 tons over the expected 25 year life …

Konecranes is celebrating a milestone of its cranes this year with phenomenal installations across the globe. Konecranes’ 100th rubber tired gantry (RTG) crane has been installed at the Georgia Ports Authority at the Port of Savannah in the USA. In South Africa, three 350kg RMG’s have been installed at Transnet …

The production report from diversified mining and marketing company Glencore, which is seen as offering particular leverage to copper and zinc’s currently attractive fundamentals, elicited favorable analyst comment. “Glencore remains our sector top pick,”Barclays Equity Research analysts Amos Fletcher  and Ian Rossouw commented. “We have a ‘buy’ on Glencore,” stated UBS analysts Miles …

A sharp rise in rough diamond production at a time of stable diamond trading conditions has boosted diversified mining company Anglo American in the three months to June 30, when overall production was 8% up on a  copper-equivalent basis. Rough diamond production increased by 36% to 8.7-million carats, with production in Canada reporting …

De Beers Canada is pleased to announce the inaugural direct flight from YYC Calgary International Airport to the Gahcho Kué Mine in the Northwest Territories, which is the world’s largest new diamond mine. The employee charter flight took place yesterday, departing from YYC’s Domestic Terminal – Concourse B, providing De …

PwC Africa’s 14th edition of PwC’s industry series analysing financial performance and global trends – PwC’s Mine 2017 report has painted a positive outlook for the mining industry. This comes at the backdrop of bolstered balance sheets and a return to profitability in 2016, giving mining companies much-needed space to …

Australian mining outfit, Paladin Energy is in the process to announce a solvency restructuring proposal, and a potential option in favour of China National Nuclear Company (CNNC) which could entitle Overseas Uranium Holdings Ltd to acquire Paladin´s interest in the Langer Heinrich mine. China National Nuclear is a minority shareholder …

The upswing in the mining industry, which was reflected at the 2017 Investing in African Mining Indaba in Cape Town in February, has opened up exciting opportunities for a wide range of companies active in the sector. The improved outlook towards commodity prices, particularly iron ore, coal and base metals, …

Auroch Minerals the developers of Karibib Lithium project has signed an option and joint venture deal for EPL 5751, as part of efforts to grow the project. EPL5751 is one of the company’s five existing Exclusive Prospecting Licenses in Karibib area. Under the new agreement, Dynamic Geo Consulting Services, Auroch …

According to BMI Research, a Fitch Group Company, the downside risk to the Namibian mining sector is the empowerment component of the New Equitable Economic Empowerment Framework (NEEEF) Bill. Fitch Ratings, a subsidiary of Fitch Group, last year adjusted the outlook on Namibia’s sovereign debt from stable to negative. Moody’s, …