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Goa iron-ore mines in legal uncertainty over mine closure plans
Published: 26 Apr 18
Iron-ore mines in the western Indian province of Goa, which were closed under a Supreme Court order, have been caught in a legal grey area relating to implementation of mine closure plans. As per regulations, every mine that closes down has to comply with mine closure plans approved by the Indian Bureau of Mines (IBM) and once implemented, vetted by the latter.
RBPlat CFO resigns
Published: 26 Apr 18
Martin Prinsloo has resigned as CFO and executive director of Royal Bafokeng Platinum (RBPlat), effective August 10. He has been with the company for nine years and is leaving to pursue other opportunities.
India, Iran near a truncated deal on gasfield development
Published: 26 Apr 18
India and Iran are closing in on a deal for the development of the Farzad B gasfield, albeit of a much smaller size. Diplomatic negotiations between the two countries since early this year have narrowed down differences on the gas project and this will be followed up by a consortium of Indian national oil, gas exploration and production (E&P) companies submitting a new investment plan within the next few months, officials familiar with the talks said.
Kaz Minerals reports q-on-q production increase Kaz Minerals reports q-on-q production increase
Published: 26 Apr 18
Copper-focused mining company Kaz Minerals’ copper production increased by 3% to 67 300 t in the first quarter of 2018, compared with 65 200 t in the fourth quarter of 2017.
Fuel cell frenzy as cars, plants deploy platinum to protect environment Fuel cell frenzy as cars, plants deploy platinum to protect environment
Published: 26 Apr 18
Hyundai has just launched its new Nexo fuel cell car in South Korea, pre-orders for Honda’s 2018 Clarity fuel cell car have exceeded expectations, Doosan Fuel Cell America has cut the ribbon on three 460 kW fuel cells at the Waterbury Pollution Control Authority in Connecticut, FuelCell Energy has announced an agreement to sell a 2.8 MW fuel cell power plant to the Tulare Waste Water Treatment Facility in California, Amazon has contracted with Plug Power to ...
Russia, betting on EU-Trump talks, keeps powder dry in Rusal row for now
Published: 26 Apr 18
Moscow is holding off on taking retaliatory measures against the United States for imposing sanctions on Rusal, hoping the EU can persuade Washington to ease restrictions against the world's second largest aluminium producer further, sources told Reuters. The United States on Monday gave American customers of Rusal more time to comply with the US sanctions imposed earlier this month after some European capitals lobbied for them to be eased, triggering a 43% jump in Rusal's Hong-Kong listed shares.
$91m acquisition adds fourth operating mine to Highland Gold portfolio
Published: 26 Apr 18
Aim-listed Highland Gold on Thursday announced the $91-million acquisition of a producing mine and two licences in Russia’s Chukotka region, where the company already owns the Kekura and Klen development projects. The assets, which were previously under the management of Highland CEO Denis Alexandrov, should boost Highland’s production by about 11% to 300 000 oz/y.
MC Mining’s Q3 output falls on equipment availability challenges at Uitkomst MC Mining’s Q3 output falls on equipment availability challenges at Uitkomst
Published: 26 Apr 18
Equipment availability challenges resulted in an 18% quarter-on-quarter decrease in production at MC Mining’s Uitkomst metallurgical and thermal coal colliery to 115 750 t for the three months ended March 31. “The contract miner experienced equipment availability challenges during the quarter, resulting in reduced run-of-mine (ROM) production and, as a result, the company is in discussions with the mining contractor to resolve these issues,” CEO David Brown said in a statement on Thursday.
Santos delivers Scotia project 16% under budget Santos delivers Scotia project 16% under budget
Published: 26 Apr 18
ASX-listed Santos has completed the commissioning and start up of its $400-million Scotia project, in the Bowen basin of Queensland. The company told shareholders that the project was completed ahead of schedule and under budget, with initial full field production exceeding 40 TJ/d, in line with expectations.
Woodside signs gas supply MoU with Perdaman
Published: 26 Apr 18
Australian oil and gas producer Woodside has signed a memorandum of understanding (MoU) with multinational Perdaman to supply gas to the proposed $3.5-billion coal-to-urea plant being developed on the Burrup Peninsula. Under the MoU, Woodside will supply some 125 TJ/d of domestic gas to the proposed two-million-tonne-a-year plant.
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