South African mining production increased by 7.5% year-on-year in January, Stats South Africa's data shows. This was the biggest year-on-year rise in mining output since November 2017 when production increased by 7.8%.
Coronavirus Pandemic, Us-china Trade Negotiations To Keep Base Metal Prices Low In Near Term | Business Standard News
India Ratings on Thursday revised its outlook on the country's base metals sector to negative from stable for the coming fiscal, stressing that the coronavirus outbreak, continuing US-China trade dispute and subdued global demand would keep prices low in the near term. Prices may gradually improve as the pandemic is contained and the second phase of US-China trade negotiations is concluded, the rating agency said in a statement. As part of its study, the agency has covered the copper, zinc, aluminium and coal sectors.
U.S. shale producers on Monday rushed to deepen spending cuts and could reduce future production as oil prices tumbled after OPEC's decision to pump full bore into a global market hit by shrinking demand due to the coronavirus outbreak.
The power plant believes it will remain profitable even after the halving event in May. : An upstate New York power plant has been using some of its own electricity to mine bitcoin on an industrial scale. Greenidge Generation, a natural gas power plant near the town of Dresden in the Finger Lakes region, announced it had successfully installed a mining farm in its facility. Comprised of nearly 7,000 mining rigs and powered by electricity generated on-site, the facility can mine an average of 5.5 bitcoins (BTC) every day, roughly $50,000, according to CoinDesk's Bitcoin Price Index.
The revision has been made seeing the steel demand growth expectations of 5 per cent and margin pressures led by iron ore price risks, the agency said in report.
Rock bottom energy prices are good for consumers but present a unique challenge to shale gas producers. The ability to export LNG to markets abroad is crucial for continuing America's shale gas renaissance.
Bernard Looney, BP's new chief executive, wants to cut his company's greenhouse gas emissions down to zero by 2050. To do that, the world's sixth-largest energy company is committing itself to massive investment in renewable energy, including wind, solar and biofuels.
Bhushan Power & Steel Takover: Nclat Gives Jsw Steel Immunity From Criminal Investigations | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) on Monday gave JSW Steel Ltd immunity from all criminal investigations after its takeover of Bhushan Power & Steel Ltd, whose assets were sought to be attached by the Enforcement Directorate (ED) over alleged bungling by former management. A two-member NCLAT bench headed by Justice S J Mukhopadhaya also declared attachment of assets of insolvent Bhushan Power & Steel Ltd (BPSL) by the ED as "illegal and without jurisdiction".
South Africa Electricity Generation Market Report, 2020 - Featuring Eskom, Dedisa & Avon Peaking Power Plants, Hopefield Wind Farm, Coria, And More
DUBLIN, Feb. 14, 2020 /PRNewswire/ -- The "Generation of Electricity in South Africa 2020" report has been added to ResearchAndMarkets.com's offering. This report focuses on the generation of electricity by Eskom and independent power producers. There is comprehensive information on the...