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Reuters

Jet engines help power cobalt to 10-year highs

24th May 2018 The spotlight in the cobalt market has been fixed on electric vehicles but shrinking supply and robust demand from traditional sectors such as jet engine makers are helping fuel a price rally that shows no signs of fading. Cobalt in recent years has become synonymous with electric vehicles as it... 

Anglo Asian copper, gold, silver miner moots maiden dividend

24th May 2018 Anglo Asian Mining, which focuses on copper, gold and silver mining in Azerbaijan, said on Thursday it was considering paying its first dividend now that it had reported a profit, cut debt and built up cash. A dividend would set Anglo Asian apart from many London-listed junior miners, which... 

Tiger Brands H1 earnings hit by South Africa cold meat recall costs

24th May 2018 South Africa's Tiger Brands reported on Thursday a 16% drop in half-year earnings, weighed down by R365-million ($29.24-million) in costs due to a recall of cold meat products in response to a listeria outbreak. The country's biggest food producer suspended production at its Polokwane, Germiston,... 

US auto import probe borders on provocation – Germany's DIHK

24th May 2018 The US decision to launch a national security investigation into car imports marks a further low point in business ties with Europe and could lead to costs of 6 billion euros, Germany's DIHK Chambers of Industries and Commerce said on Thursday. "To cite aspects of national security as... 

EU starts new investigation into steel imports from China

24th May 2018 The European Commission has opened an investigation into hot-rolled steel sheet piles imported from China to determine whether they are being dumped in Europe, according to a notice in the EU Official Journal on Thursday. The investigation into a form of steel used in construction was launched... 

Chile high court declines to weigh in on lithium spat at Maricunga

24th May 2018 Chile's constitutional court said it would not get involved in a dispute between a foreign-backed miner and state-run copper miner Codelco over adjoining lithium deposits in the Maricunga salt flat, according to a court document seen by Reuters on Wednesday. Salar Blanco, 50%-owned by... 

India takes US steel tariffs complaint to the WTO

23rd May 2018 India has launched a complaint against the US to challenge President Donald Trump's tariffs on steel and aluminium, a filing published by the World Trade Organization (WTO) showed on Wednesday. Indian officials told Reuters last month that their government would open a WTO dispute if the... 

Botswana court reverses ruling to end Tati Nickel's liquidation

23rd May 2018 A Botswana court has overturned last month's High Court decision to take Tati Nickel Mine out of provisional liquidation because the earlier ruling did not consider the impact on creditors. Tati, a subsidiary of the liquidated BCL mine group, has been under provisional liquidation since October... 

AngloGold says plans 2 000 job cuts in South Africa

23rd May 2018 South African gold miner AngloGold Ashanti plans to cut 2 000 jobs at its domestic operations, it said on Wednesday, as part of plans to cut costs. AngloGold employs roughly 8 200 people in South Africa, where mining companies have had to deal with the risk of volatile labour relations, rising... 

Shell's oil spill dispute with Nigeria's Bodo villagers back in UK court

23rd May 2018 Lawyers for the Bodo community in Nigeria's oil-producing Niger Delta, which was devastated by two major oil spills a decade ago, went to court in London on Tuesday to fend off what they said was an attempt by Shell to kill off their litigation. The Bodo oil spills have been the subject of years... 

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