R/€ = 14.53 Change: 0.05
R/$ = 12.44 Change: 0.07
Au 1298.98 $/oz Change: -4.76
Pt 906.00 $/oz Change: -4.86


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... 

Vedanta working with regulators to restart Indian copper smelter

23rd May 2018 British mining and energy group Vedanta Resources is working with regulators to expedite restarting its copper smelter in the southern Indian state of Tamil Nadu, it said on Wednesday, a day after protests turned violent at the plant. The company also posted a 27% rise in full-year core profit... 

Chinese newspaper suggests cut imports, downgrade ties with Australia

23rd May 2018 China should downgrade its ties with Australia, including cutting imports and postponing a visit by Prime Minister Malcolm Turnbull to underscore Beijing's unhappiness at recent anti-China sentiment, a state-run paper said on Wednesday. Relations between the two countries have cooled since late... 

Nemaska Lithium secures funding for mine with C$400m equity raise

23rd May 2018 Canada's Nemaska Lithium said on Tuesday it had secured funding of up to C$402-million ($314-million) from investors, which it plans to use to build a mine and processing plant to produce lithium, the key ingredient for rechargeable batteries. This brings to more than C$1.1-billion the amount of... 

Japan, Russia, Turkey bring potential US tariff retaliation to $3.5bn

22nd May 2018 Japan, Russia and Turkey have warned the United States about potential retaliation for its tariffs on steel and aluminium, the World Trade Organization said on Tuesday, bringing the total US tariff bill to around $3.5-billion annually. The three countries detailed their compensation claims in... 


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