BHP ready to overcome global uncertainties – Mackenzie

BHP ready to overcome global uncertainties – Mackenzie

PERTH (miningweekly.com) – Miningmajor BHP Billiton has more than doubled its net profit to $3.2-billion for the six months ended December 31. This was up 157% from the $7-billion loss reported in the six months to December 31, 2015. Underlying earnings before interest, taxes, depreciation and amortistaion (Ebitda) were also up by 65% year-on-year to $9.8-billion.   “This is […]

Continue Reading

India’s Coal Ministry in no rush with coal auctions

KOLKATA (miningweekly.com) – India’s Coal Ministry has decided not to rush through the auction of coal supply linkage to power companies in light of the high availability of the fuel, even though the auction of such linkages would be done for non-power industries. The rules for the auction of coal linkage to the power sector […]

Continue Reading

LNG investment falls as projects are completed – Deloitte

PERTH (miningweekly.com) – As investment in the Australian liquefied natural gas (LNG) sector falls to its lowest level since 2009, LNG exports were tipped to increase on the back of the completion of the Gorgon, Prelude and Ichthys developments in 2017. Advisory firm Deloitte Access Economics reported this week that the value of engineering construction […]

Continue Reading

Ground-breaking waste-to-energy plant opens in Cape Town

The first large-scale waste-to-energy plant in Africa will be opened in Athlone in Cape Town, with the aim of converting municipal solid waste into energy. The state-of-the-art R400-million biogas plant is expected to create 80 full-time jobs and few hundred indirect jobs. The plant is owned by New Horizons Energy, a subsidiary of Clean Energy Africa. An innovative partnership with waste management company Waste Mart has been a […]

Continue Reading

Top Tips for Fire Safety

Install smoke alarms on every level of your home, inside bedrooms and outside sleeping areas. Test smoke alarms every month. … Talk with all family members about a fire escape plan and practice the plan twice a year. If a fire occurs in your home, GET OUT, STAY OUT and CALL FOR HELP.

Continue Reading

Brazil’s S11D iron-ore mine a reality check for Australian politicians – CME

PERTH (miningweekly.com) – The Western Australian Chamber of Minerals and Energy (CME) has warned that the commercial start of the $19.7-billion Eliezer Batista S11D iron-ore mine, in Brazil, is a reality check for Australian politicians looking to use the sector as a “bottomless cash cow”. CME CEO Reg Howard-Smith said on Tuesday that commercial operations at the world’s largest iron-ore mine was expected to start this month, with mining giant Valetaking […]

Continue Reading

South Africa’s Eskom to meet coal supplier over drop in black ownership

JOHANNESBURG – South Africa’s state-owned power producer Eskom will meet with Exxaro Resources after the coal producer approved a transaction that will see its black ownership drop to 30% from over 50%, the utility said on Wednesday. The diversified miner said in November it planned to replace its existing ownership structure through a share buyback process that would dilute its black ownership. The […]

Continue Reading