R/€ = 16.63 Change: 0.01
R/$ = 14.36 Change: 0.01
Au 1227.01 $/oz Change: -0.68
Pt 842.50 $/oz Change: -1.04


Canada aims to restore CP Rail service Thursday

29th May 2012 The Canadian government will force striking workers at Canadian Pacific Railway back to work with fast-track legislation aimed at restoring rail service by Thursday, Labour Minister Lisa Raitt said on Monday. The government introduced the legislation in the House of Commons on Monday to end a... 

More coal moved to SA's power plants

29th May 2012 South African state logistics group Transnet expects coal transported along its lines to triple to 30-million tons within seven years to meet demand at coal-fired power stations, a presentation showed on Tuesday. "Indications are that the demand for the transportation of coal to Eskom's power... 

Chile Codelco's Anglo stance unchanged

28th May 2012 The incoming CEO of Codelco has signaled there will be no change in the Chilean state copper giant's attitude toward its right to acquire 49 percent of Anglo American Plc's assets in south-central Chile, a local newspaper reported on Sunday. Thomas Keller, who is set to take the helm of the... 

Chile Codelco CEO Hernandez to resign, CFO to step in

25th May 2012 Chile's state copper giant Codelco said on Thursday CEO Diego Hernandez was resigning and would be replaced by CFO Thomas Keller, just as the world's No. 1 copper producer is striving to end a bitter contract dispute with global miner Anglo American. Codelco told Chile's market regulator... 

Brent hits 2012 low on Europe turmoil, weak US data

18th May 2012 Brent crude slipped below $107 on Friday to its lowest in 2012 as a worsening eurozone crisis and weak US economic data raised fears of a global slowdown that could dent oil demand. Worries about the euro zone, already roiled by Greek political chaos, mounted as Spain slipped into a recession,... 

Petra Diamonds production surges, prices rise

9th May 2012 Africa-focused Petra Diamonds' quarterly production more than doubled as output from its Finsch mine in South Africa was taken into account for the first time, and the miner said prices for rough diamonds rose. Petra Diamonds, which operates mainly in South Africa, said demand from the US and... 

Peru mine union group calls for strike May 14

8th May 2012 Peru's federation of mining unions said on Monday it is planning to start a two-day nationwide strike on May 14, but individual unions have not yet confirmed their participation. Workers want the government to implement a law passed by Congress that would create a special retirement fund for... 

Power cuts slow Tanzanian economic growth

7th May 2012 Frequent power blackouts caused Tanzania's economic growth rate to slow to 6.5% in the fourth quarter of last year from 6.7% a year earlier, the government said on Monday. The National Statistics Bureau (NBS) said electricity output fell 1.7% compared with 9.7% growth a year ago, with low water... 

RBCT coal exports down to 5.17Mt in April

7th May 2012 South Africa exported 5.17-million tons of coal from the Richards Bay Coal Terminal in April, down from 6.24-million tons the previous month, data showed on Monday. Africa's biggest economy - a major exporter of coal to power stations in Europe and Asia - had 3.61-million tons of stock at the... 

China eyes upper hand in pricing with iron-ore platform

7th May 2012 China's first physical iron-ore trading platform is set to debut on Tuesday, helping the world's biggest buyer of the commodity boost its price-setting influence. The timing looks perfect. Nearly all iron-ore sold to China is now based on spot prices, with the industry evolving over the past two... 


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