R/€ = 15.48 Change: 0.00
R/$ = 13.22 Change: 0.00
Au 1238.10 $/oz Change: -4.95
Pt 824.50 $/oz Change: -6.21


Mauritius bourse approves listing of global fund

9th December 2010 The Stock Exchange of Mauritius (SEM) said on Thursday it had approved the listing of JPT Capital Agrifund, one of the Cells of JPT Capital PCC, which will be admitted on December 14. "The approval concerns the listing of up to 500 000 redeemable preference shares of JPT Capital PCC at a price... 

Mauritius' economy to grow 3,8% this year: survey

9th December 2010 The Mauritius chamber of commerce said the Indian ocean island economy would expand by 3,8% this year, lower than the official forecast of 4,1%, an inaugural survey showed on Thursday. The macroeconomic model developed by the chamber showed that next year growth will rise to 4,2%. 

IMF says SA's monetary policy 'appropriate'

8th December 2010 South Africa's monetary policy stance has been appropriate and the banking system is fundamentally sound, said the International Monetary Fund on Wednesday. "The South African Reserve Bank is aware of inflation risks and has indicated its intention to use monetary policy as needed to anchor... 

Europe austerity measures a concern – Marcus

8th December 2010 Fiscal austerity programmes in Europe have the potential to derail economic recovery in other regions and are of particular concern because of South Africa's close trading ties with that area, Reserve Bank Governor Gill Marcus said on Wednesday. In a speech to the Bank's shareholders, Marcus... 

PNG's Ok Tedi sees lower copper output, may extend mine

7th December 2010 Papua New Guinea's Ok Tedi mine is expected to produce 160 000 t of copper in 2010, down from 166 000 t in 2009, Ok Tedi general manager Ian Sheppard said on Tuesday. He also told a conference in Sydney that a study was due in mid 2011 to look at extending the life of the mine and that it did... 

PNG's Ramu nickel mine seen starting production in 2011

7th December 2010 Papua New Guinea's Ramu Nickel Mine, majority owned by China's Ramu Nico Management, will commence production in 2011 working up to an annualised rate of 31 150 t of nickel and 3 300 t of colbalt, a company official said on Tuesday. "We are 95 percent complete, and nearing production," Wu Xeng... 

Newcrest Mining says to boost gold output

7th December 2010 Australia's Newcrest Mining expects to boost gold output to 3,75-million ounces in fiscal year 2014 from 2,74-million ounces in 2010, an executive said on Tuesday. Geoff Day, chief operating officer offshore operations, made the forecast at a conference in Sydney. 

Chile Collahuasi strikers return to work after deal

7th December 2010 Workers at the world's No.3 copper mine, Chile's Collahuasi, return to work on Tuesday after accepting a wage deal to end a 32-day strike -- the longest-ever at a major private mine in the top producing country. Miners planned to return to work during the first shift on Tuesday, a union leader... 

Chile Collahuasi union to vote on deal to end strike

6th December 2010 Workers at Chile's Collahuasi mine will vote on Monday on a new wage deal agreed with management that would end a month-long strike at the world's No. 3 copper mine, their union said. The 32-day strike is the longest-ever at a major Chilean private copper mine, but is seen having little effect... 

Gold climbs above $1420/oz on haven buying

6th December 2010 Gold rose above $1 420 an ounce for the first time since mid-November on Monday as speculation U.S. authorities will extend monetary easing and concern over euro zone debt lifted buying of the metal as a haven from risk. While strength in the U.S. unit kept a tight rein on gains in dollar-priced... 

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