Renowned investor and Bloomberg regular Michael Pento says the US Federal reserve has "doubled down on QE3 this morning and unofficially announced QE4."
A subsidiary of Beijing Haohua Energy Resource has offered Coal of Africa $100 million in equity funding following Exxaro's decision to refrain from exercising options for a stake in the South African miner's Makhado coal project.
Leading investors in Swiss commodities giant Xstrata (LSE:XSTA) have expressed their disappointment and frustration at the board's recommendation of a merger with Glencore (LSE:GLEN) for what they believe to be a takeover "on the cheap."
It would also be sweet revenge for the Anglo-Australian miner to put up shop in Potash Corp's backyard after being so summarily dismissed two years ago.
Visionaire Inc., an OEM provider of air conditioning products, announces the Model 7060 low profile roof or wall mounted air conditioning system for heavy duty off-highway equipment.
South Africa accounts for roughly a third of Anglogold's annual output and the company is losing 32,000 ounces – worth more than $55 million at today's prices – of production a week.
Photonic Knowledge Inc. of Rosemere has just concluded negotiations for its first international contract, which will bring great visibility in Latin America to its spectacular technological breakthrough, the Core Mapper™, which enables the detection and logging of mineral deposits in drill cores, using light.
South African based mining group Exxaro has purchased a long range laser scanner to support a range of expansion projects and the building of two additional coal processing plants. The VZ 1000 purchased from 3D Laser Mapping, will be used to survey stockpiles for volume verification, provide height analysis on earth works and blasting, as well and collecting highly accurate measurements for terrain mapping and modelling. The state of the art solution will also minimise staff exposure to the largest health and safety risks within the mine.