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


Glencore strikes multi-year purchase deal with Angola LNG

20th September 2017 Trading house Glencore is to buy liquefied natural gas (LNG) supplies from Angola LNG over a multi-year period, adding to similar recent deals between the producer and traders including Vitol. Angola LNG on Wednesday said the deal was another step toward building its sales book with the most... 

Philippine lawmakers defer decision on appointment of environment minister

20th September 2017 Philippine lawmakers on Wednesday said they would hold more hearings before deciding whether to confirm the appointment of the country's environment minister, although some said they were likely to approve the step. The confirmation of Environment and Natural Resources Secretary Roy Cimatu is... 

Mozambique hopes to raise $500m for renewable energy projects

20th September 2017 Mozambique offered a portfolio of small renewable energy projects to foreign investors on Tuesday which it hopes will attract $500 million in investment and give everyone in the southern African country electricity by 2030. Around 60% of people living in Mozambique, which is highly indebted, have... 

Cementir sells Italian assets to HeidelbergCement for €315m

20th September 2017 Italy's third-largest cement maker Cementir Holding has agreed to sell its domestic assets to Italcementi, owned by Germany's HeidelbergCement , it said on Tuesday. Cementir, controlled by the Caltagirone family, said the deal had an enterprise value of €315-million ($377-million). 

Thyssenkrupp considered breakup before plumping for Tata JV

20th September 2017 German industrial group Thyssenkrupp considered options including a breakup of the company before deciding to pursue a European steel joint venture with Tata Steel, it said on Wednesday. "Before deciding on a joint venture the Thyssenkrupp executive board examined and worked out all the available... 

Buenaventura eyes $2bn copper project in Peru – chairperson

20th September 2017 Buenaventura is considering making a bid on a $2-billion copper project in Peru as the precious metal miner's gold production dwindles and copper prices rally, the company's chairperson told Reuters on Tuesday. Speaking at the Perumin industry convention in Arequipa, Peru, Roque Benavides said... 

More than 120 birds dead at Suncor-owned Canada oil sands mine

20th September 2017 More than 120 birds in Canada's oil heartland of Alberta were killed after getting caught in a pond of oil sands byproducts operated by the country's largest producer Suncor Energy, the local regulator said on Tuesday. The Alberta Energy Regulator said the animals, waterfowl and songbirds, were... 

Two more firms fire KPMG as corporate South Africa weighs links with auditor

19th September 2017 A South African broker and an energy investment firm fired KPMG on Tuesday, two of a host of local firms weighing whether to ditch the auditor to distance themselves from a scandal involving business friends of President Jacob Zuma. Sasfin and Hulisani, both relatively small financial companies... 

BHP pressed to quit Australian mining lobby over climate views

19th September 2017 BHP on Tuesday urged shareholders to vote down a resolution aimed at getting the mining giant to quit Australia's top mining lobby group, but said it will separately review its membership of industry bodies. BHP agreed to let shareholders vote on the resolution submitted by an ethical investing... 

Fighting kills at least 25 in oil region of South Sudan

19th September 2017 Rebels in South Sudan attacked government forces in Unity State, where oil fields have been abandoned due to fighting, and 25 people including civilians were killed, a local government official said on Tuesday. South Sudan, which gained independence from Sudan in 2011 after protracted bloodshed,... 


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