R/€ = 15.82 Change: 0.05
R/$ = 13.26 Change: 0.03
Au 1297.29 $/oz Change: 2.55
Pt 933.00 $/oz Change: 0.00


Zimbabwe's Jan-August gold production rises 10%

21st September 2017 Zimbabwe's gold production rose 10% in the first eight months of this year to 14.6 t, buoyed by higher output from small and informal producers, official data showed on Thursday. Gold is Zimbabwe's single largest mineral export. 

Africa to get state-of-art HIV drugs for $75 per patient a year

21st September 2017 Makers of generic AIDS drugs will start churning out millions of pills for Africa containing a state-of-the-art medicine widely used in rich countries, after securing a multi-million dollar guarantee that caps prices at just $75 per patient a year. Global health experts hope the deal will help... 

Johnson Matthey to invest £200m in battery material technology

21st September 2017 Johnson Matthey said it will invest an initial £200-million in expanding its battery material technology business from 2018, aiming to capitalise on growth in the electric vehicle market. The specialty chemicals company said the overall market "could be (worth) more than $30-billion (in) sales... 

China's NDRC says coal mines must not close to avoid inspections

21st September 2017 China's National Development and Reform Commission (NDRC) on Thursday warned coal miners not to temporarily close to avoid inspections as the country's top economic planner works to stabilize prices amid the environmental and safety checks. In a statement on its website, NDRC also said railway... 

The graphite fix: Inside China's newest commodity addiction

21st September 2017 China's aggressive environmental protection campaign has tightened supplies of graphite electrodes used in steelmaking, boosting the fortunes of big producers like Fangda Carbon as mills search far and wide for a material now in short supply. Beijing's campaign for clearer skies has closed... 

Miner Hochschild on hunt for acquisitions – executive

21st September 2017 London-based precious metals miner Hochschild Mining is looking for opportunities to grow through acquisitions of early-stage projects, the chief executive said on Wednesday. Speaking during a presentation at the mining convention Perumin, in southern Peru, Ignacio Bustamante added that the... 

South Africa's AfriSam says merger offer for PPC 'fair'

20th September 2017 South African cement maker AfriSam said on Wednesday a merger proposal valuing its rival PPC at $700-million was fair, suggesting it has no intention of sweetening its offer. Shares in PPC dropped 2.52% to R6.19 at 1314 GMT, but still well above a R5.75 per share valuation in AfriSam's proposal... 

Tanzania President orders wall built around tanzanite mines, says govt will start buying stones

20th September 2017 Tanzania's President on Friday ordered the military to build walls around its tanzanite mines and directed the central bank to buy the precious stone to boost reserves – the latest twist in a spat with mining firms over alleged tax evasion. "All tanzanite gemstones will be controlled and will... 

Stellar Diamonds seeks to fund first post-Ebola mine in Sierra Leone

20th September 2017 Stellar Diamonds, a London-listed small-cap, is seeking funding for a $45-million diamond project in Sierra Leone it says will be the first major mining project since the Ebola crisis rocked the country's economy. Diamonds and other forms of mining are central to an economy hard hit by the 2015... 

Poland not planning changes in sectoral taxes, VAT for now - deputy PM

20th September 2017 Poland is currently not planning to introduce changes in sectoral taxes on banks and the mining sector as well as in the value added tax (VAT), Deputy Prime Minister Mateusz Morawiecki said on Wednesday. "For now, we are not planning changes in sectoral taxes. We are also not planning changes... 


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