News

US renewable energy capacity to reach 30% by 2030, finds new survey

Renewable energy is expected to reach 30% of total installed power capacity in the US by 2030 - double its current contribution –...

21 August, 2019

BHP marks nationalist threat to global growth despite paying record dividend

BHP’s chief executive Andrew Mackenzie has warned that the rising tide of nationalist sentiment poses a threat to global economic growth and mining...

20 August, 2019

South African fund manager PIC sees gold focus shifting to West Africa

West African countries will drive the next gold mining boom in Africa as the industry continues to decline in Southern Africa, according to...

19 August, 2019

Fracking debate continues in UK as government sets position on shale gas

The debate around hydraulic fracturing (fracking) in the UK has been reignited after the government set out its position on shale gas exploration...

16 August, 2019

480MW wind farm to be built in Texas

Global clean energy firm Renewable Energy Systems (RES) has entered into an agreement with Algonquin Power & Utilities (APUC) to build the Maverick...

15 August, 2019

Minor drilling outfit Rosond wins big contract with Kumba Iron Ore

Family-run, South African drilling company Rosond has secured a contract with Kumba Iron ore worth R2 billion, replacing larger firms Master Drilling and...

14 August, 2019

Saudi Aramco reignites IPO prospects after revealing first half profits

Saudi Aramco has claimed it is ready to move forward with a record US$2 trillion market flotation, after the state-owned Saudi oil giant...

13 August, 2019

Peru suspends Southern Mining’s $1.4 billion copper project amid local protests

The Peruvian Ministry of Energy and Mines has temporarily suspended a construction licence given to Southern Copper for its US$1.4 billion Tía María copper project...

12 August, 2019

Chile to reach 50% renewable energy by 2030, finds report

A new report from GlobalData has forecasted that non-hydro renewable energy will make up at least 50% of Chile’s power generation base by...

09 August, 2019

Strong resources exports drive FY trade surplus in Australia

Australia delivered a full-year trade surplus of AUS$49.9 billion thanks to record high exports from the resources sector, which has been boosted by...

08 August, 2019

Glencore to halt production at major cobalt mine as H1 profits sink

Glencore has announced it will halt production at a major cobalt mine in the Democratic Republic of Congo (DRC) after the commodities giant...

07 August, 2019

BHP increases nickel reserves by 77% ahead of rising EV demand

BHP has boosted its nickel reserves by 77% to 1.5 million tonnes this year as the mining giant prepares for increased demand for...

06 August, 2019

Amazon to invest in renewable energy projects in US and Ireland

Tech giant Amazon has announced it will invest in two new renewable energy projects in the US and Ireland, which will supply power...

05 August, 2019

Hummingbird Resources increases gold production in Q2

AIM-listed Hummingbird Resources is on course to meet its annual gold production guidance after increasing production from the Yanfolila mine in Mali during...

02 August, 2019

Royal Dutch Shell profits sink to three year low

Royal Dutch Shell’s profits fell to their lowest since 2016 in the second quarter of the year, with the oil major referencing ‘challenging...

02 August, 2019

Clean energy to provide 35% of Australia’s electricity by 2021

Analysts at Green Energy Markets (GEM) have predicted that renewable energy will provide 35% of Australia’s electricity needs within two years, after the...

01 August, 2019

Resolute Mining grows West African portfolio with $274 million Toro Gold acquisition

Resolute Mining has announced the acquisition of fellow West African miner Toro Gold for a fee of US$274 million, expanding its West African...

31 July, 2019

Osaka Gas to buy US shale gas developer in $610 million deal

Japan’s Osaka Gas Co is set to buy US shale gas developer Sabine Oil & Gas Corp for US$610 million, as part of...

30 July, 2019

Cora Gold reports further gold mineralisation at Mali project

West Africa-focused gold mining firm Cora Gold has today announced an extension of high grade gold mineralisation to depth at its Sanankoro Gold...

29 July, 2019

China increases renewable energy capacity by 9.5% in H1 2019

China added 22.31GW of renewable energy capacity in the first six months of the year - an increase of 9.5% on the same...

26 July, 2019

Anglo American raises dividend payout after bumper earnings growth

Anglo American has confirmed it will raise its dividend payout by 27% for the six months to June after reporting a 19% jump...

25 July, 2019

Renewables produce more electricity than coal and nuclear combined in Germany

Sources of renewable energy accounted for 47.3% of Germany’s electricity production during the first six months of 2019, compared with 43.4% from coal-fired...

24 July, 2019

Oil prices to remain ‘benign’ despite Iran tensions: Morgan Stanley

Oil prices jumped by more than 2% yesterday in response to rising tensions within the vital Strait of Hormuz shipping route in the...

23 July, 2019

Africa’s largest wind farm officially opened in Kenya

Kenyan President Uhuru Kenyatta unveiled the Lake Turkana Wind Power (LTWP) project at the end of last week – Africa’s largest operational wind...

22 July, 2019

Barrick Gold finally strikes deal to buy out Acacia Mining

Barrick Gold will buy out minority shareholders at its subsidiary Acacia Mining after agreeing a deal that values the firm at around $US1.2...

19 July, 2019

South Africa’s platinum producers see Sibanye wage settlement as benchmark

As South Africa’s platinum giants continue wage talks with labour unions, it has emerged that producers could push towards a pay settlement figure...

18 July, 2019

BHP’s lifts iron ore output in final quarter of Australian year

BHP produced 63 million tonnes of iron ore in the last quarter of the Australian financial year - a 12% increase on the...

18 July, 2019

McEwen Mining cuts FY gold guidance after posting Q2 production results

McEwen Mining published its precious metals production figures for the second quarter of 2019 on Wednesday and announced it would trim its full-year...

17 July, 2019

Mine electrification will drive down costs amongst other benefits: EY report

The electrification of mines will improve economics for mining companies while also reducing health and safety risks for workers, according to a new...

17 July, 2019

GE to open offshore wind turbine factory in China

GE’s renewable energy division has confirmed plans to open a factory in China that will build its 12MW Haliade-X wind turbine – the...

15 July, 2019