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Real Economy Insight 2017: Construction Real Economy Insight 2017: Construction Has PDF
Published: 21 Jun 17
Creamer Media’s Real Economy Year Book has been divided into separate reports under the banner Real Economy Insight, and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors. A brief on the pumps sector is also available. This eight-page brief is a synopsis of key developments in the construction sector over the past 12 months. It provides an overview of South Africa’s construction sector, which includes international expansion, legislative environment and industry transformation, the Construction Sector Code and the outlook for the sector.
Real Economy Insight 2017: Automotive Real Economy Insight 2017: Automotive Has PDF
Published: 21 Jun 17
Creamer Media’s Real Economy Year Book has been divided into separate reports under the banner Real Economy Insight, and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors. A brief on the pumps sector is also available. This ten-page brief is a synopsis of key developments in the automotive sector over the past 12 months, including an overview of South Africa’s automotive market, production and investment, exports, competitiveness, and environmental considerations.
Iamgold completes Côté stake sale
Published: 21 Jun 17
Canadian gold miner Iamgold has completed the sale of a 30% interest in the Côté gold project, in Ontario, to a subsidiary of Sumitomo Metal Mining for $195-million. Iamgold, which still owns the remaining 70% interest in the project, has received $100-million in cash and the balance is payable on the earlier of 18 months following closing, or the date of public filing of a feasibility study with respect to the project.
Siana ore processing to cease soon – Red 5
Published: 21 Jun 17
ASX-listed Red 5 is expected to cease ore processing at its Siana gold mine, in the Philippines, by the end of June or early July. Mining operations were suspended in April on the back of uncertainty around regulatory and government mining policy, as well as an assessment of the likely resulting changes to openpit operations after taking into account delays in gaining approvals for the environmental compliance certificate amendment for the long-term tailings storage facility and other mining challenges.
Atlas defers 4Mt/y Corunna Downs project Atlas defers 4Mt/y Corunna Downs project
Published: 21 Jun 17
Iron-ore miner Atlas Iron has deferred the development of its Corunna Downs mine, with the miner instead aiming to increase production from the Mt Webber operation. Atlas in February approved the development of the Corunna Downs project, with capital costs estimated at between A$47-million and A$53-million. The project had been slated to deliver four-million tonnes a year of lumps and fines direct shipping ore over an initial five- to six-year mine life, with first product shipments targeted for the March quarter of next year.
Horizonte advances feasibility study for Araguaia project Horizonte advances feasibility study for Araguaia project
Published: 21 Jun 17
Nickel developer Horizonte Minerals has awarded contracts for key parts of the feasibility study at its 100%-owned Araguaia nickel project, in Brazil. The dual-listed miner has appointed Steinweg Handelsveem for material transport and logistics, SM&A Electrics for power infrastructure and power transmission lines and VCE Mine Consultancy for mining permit reporting.
Australia federal govt open to coal-fired power stations
Published: 21 Jun 17
The federal government will consider new coal-fired power stations as part of efforts to curb rising electricity prices on the east coast, and to ensure reliable future supply. The government this week agreed to finalise regulations in the gas sector that would give Australian customers priority access to gas before it is exported, starting in July.
Western Areas sees production at top end of guidance
Published: 21 Jun 17
Nickel miner Western Areas expects its full-year production to be at the top end of its guidance, following a strong second half. The miner expects to produce between 25 000 t and 26 000 t of nickel in ore, and between 22 000 t and 23 00 t of concentrate.
Epanko to cost $88.9m
Published: 21 Jun 17
An updated bankable feasibility study (BFS) for the Epanko graphite project, in Tanzania, has showed that the increased production rate of 60 000 t/y would require a capital investment of $88.9-million. The BFS estimated that the project will have a pre-tax net present value of $211-million and an internal rate of return of 38.9%, delivering yearly earnings before interest, tax, depreciation and amortisation of $44.5-million.
Gruyere JV's capital cost estimate adjusted
Published: 21 Jun 17
The capital cost of the Gruyere gold joint venture (JV), in Western Australia, has increased from A$507-million to A$532-million, following an engineering, procurement and construction review by the JV partners. ASX-listed Gold Road Resources on Wednesday told shareholders that since the JV was formed with South Africa’s Gold Fields, the partners have been working on a detailed review of the feasibility study, which has resulted in a number of improvements and enhancements to the project.
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