R/€ = 16.77 Change: 0.05
R/$ = 14.25 Change: 0.07
Au 1201.60 $/oz Change: -6.62
Pt 830.00 $/oz Change: -6.99


South32's Cerro Matoso mine wins appeal, will not pay damages

21st September 2018 Colombia's Cerro Matoso nickel mine, owned by Australian miner South32, will not be required to pay damages to indigenous and Afro-Colombian communities after winning an appeal in Colombia's constitutional court, a court spokesperson said on Thursday. The court had previously ruled that waste... 

Chinese steel mills chase iron-ore contracts with Brazil's Vale

21st September 2018 Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron-ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale. China, the world's biggest consumer of the steelmaking ingredient,... 

BHP's Spence copper mine in Chile partially closed following fire

21st September 2018 Global miner BHP Billiton said on Thursday that a fire at its Spence copper mine in Chile had forced it to partially shut down operations. No one was injured in the fire, which has since been extinguished, the company said. 

Continental Gold says three geologists killed in armed Colombia attack

21st September 2018 Canadian miner Continental Gold said on Thursday three of its geologists were killed in northern Antioquia province in Colombia in an armed attack. Three others were also injured in the attack, a company spokesman told Reuters. 

BHP seeks approval for $50m US pact over fatal Brazil dam burst

20th September 2018 BHP Billiton has asked a US judge to approve a $50-million settlement of claims that it fraudulently inflated its share price by overstating its ability to manage safety risks before a fatal 2015 dam burst at a Brazilian mine. The Anglo-Australian mining company's preliminary settlement of... 

Deep sea robots reveal mineral riches in the abyss

20th September 2018 From the safety of their research vessel, scientists are exploring one of Earth's last frontiers - the sea floor - to discover more about valuable minerals vital in the manufacture of smartphones. The scientists, from the University of Bergen in Norway, are sending robots 2 500 m down into the... 

China's iron-ore demand to remain flat as scrap steel use rises

20th September 2018 China's iron-ore demand is expected to stay flat, said an official from Baoshan Iron & Steel Co, the country's biggest listed steelmaker, as Beijing's stricter environmental rules boost the use of scrap steel. China's growing stockpiles of scrap steel should also increase its use in steelmaking... 

Coca-Cola moving ahead with takeover of Nigeria's Chi juice

20th September 2018 Coca-Cola is moving ahead with plans to take over Nigeria's leading juice company Chi and aims to complete the deal early next year, a senior executive told Reuters. The acquisition for an undisclosed price is one of several steps the US company is taking in a global strategy to diversify from... 

MTN shares rise after Nigeria says reviewing information to resolve $8.1bn dispute

20th September 2018 Shares in South Africa's MTN rose 5% on Thursday, after Nigeria's central bank said on Wednesday that it was reviewing information provided by the telecoms firm and four banks over a dispute on the repatriation of dividends. "The statement suggests there are some talks going on and the market... 

Cabinet approves new Mining Charter

20th September 2018 The South African Cabinet has approved the latest version of the long-delayed mining charter which lay outs requirements for black ownership levels and other targets, a cabinet minister said on Thursday. Communications Minister Nomvula Mokonyane told reporters that more details about the charter... 


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