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Miner Vale quashed dam safety audit efforts before Brazil disaster -prosecutor

21st March 2019 Executives at Vale SA , the world's largest iron ore miner, quashed efforts by Brazilian authorities to audit one of the company's mining dams months before it collapsed and killed over 300 people, a state prosecutor was quoted as saying by news website G1 on Wednesday. William Garcia, a... 

Vale halts operations at another mine in Minas after test

21st March 2019 Brazilian mining company Vale SA said on Wednesday it halted operations at its Alegria iron ore mine in Minas Gerais state after a "stress test" in the structures failed to guarantee stability. Vale said the results of the test were "inconclusive," so it decided to suspend operations while it... 

US sanctions Venezuela gold mining company for backing Maduro

20th March 2019 The United States imposed sanctions on Tuesday against Venezuela's State-run gold mining company Minerven and its president, Adrian Perdomo, accusing them of illicit operations and propping up the government of President Nicolas Maduro. The announcement comes days after Uganda said it was... 

South Africa's FDI inflows reach five-year high in 2018

20th March 2019 South Africa's foreign direct investment (FDI) inflows rose to a five-year high of R70.7-billion in 2018 from R26.8-billion the prior year, the central bank said on Wednesday, despite outflows in the final quarter of last year. The 2018 FDI inflows were the highest since 2013, when the country... 

KGHM extends negotiations with union at Chilean copper mine

20th March 2019 Miner KGHM will extend negotiations with a union at its Chilean copper mine Sierra Gorda, averting a strike, a union representative said on Tuesday. The company had until the end of Tuesday to request government mediation to help reach a deal with the union of 520 workers. 

SARB likely to hold rates on March 28

20th March 2019 The South African Reserve Bank (SARB) is expected to leave interest rates unchanged next week, and with a weak currency threatening to stoke inflation, it probably won't cut rates this year, a Reuters poll showed on Wednesday. Inflation in Africa's most industrialized economy is currently below... 

Rio Tinto halts operations at north Australian bauxite mine as cyclone nears

20th March 2019 Rio Tinto said on Wednesday it has suspended its Weipa bauxite mining operations at the northeastern tip of the country ahead of a cyclone. "Operations have been suspended at Weipa as Cyclone Trevor approaches the coast, as per standard procedures," a spokesman told Reuters by email. 

Egypt, Nissan agree to produce 100 000 cars a year – Minister

20th March 2019 Egyptian state-owned carmaker El Nasr Automotive Manufacturing and Japan's Nissan have reached an initial agreement to produce 100 000 cars a year in Egypt, the minister for public enterprises said on Tuesday. The agreement is part of efforts to boost the proportion of locally made auto... 

Sumitomo says Ambatovy nickel plant shut for 2 weeks in February

20th March 2019 Japanese trading house Sumitomo Corp said on Wednesday its Ambatovy nickel plant in Madagascar was forced to shut for about two weeks in early February due to trouble at its hydrogen plant, and may miss its revised annual production target. Sumitomo owns a 47.7% stake in Ambatovy, while South... 

Two killed in accident at Glencore's Zambian mine

19th March 2019 Two workers died in an accident at Glencore's Zambian operation Mopani Copper Mines (MCM) on Tuesday, prompting it to suspend production pending investigations, the company said. "All operations at the South Ore Body (shaft) have been suspended until further notice," the company said in a... 

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