R/€ = 15.06 Change: 0.09
R/$ = 12.92 Change: 0.12
Au 1255.03 $/oz Change: 1.19
Pt 936.50 $/oz Change: 2.50


Zinc falters as market appears better supplied than expected

18th July 2017 Zinc prices are running out of steam, with shortages in China appearing to be less severe than expected, inventories rebounding and producers selling the metal to take advantage of current market levels. Benchmark zinc prices on the London Metal Exchange surged 60% last year after the shutdown... 

EOH's shares fall 10% over graft allegations

18th July 2017 Shares in South Africa's largest technology group EOH Holdings fell nearly 10% to more than two-year lows on Tuesday after allegations of corruption, which the firm has denied. An opinion piece in Business Report newspaper on Monday accused EOH of being involved in corruption based on a report by... 

Holcim to wind up Nigerian company next month

18th July 2017 Holcim Nigeria plans to pass a resolution next month to dissolve the company after its Swiss-based parent firm merged with French rival Lafarge two years ago, the cement maker said on Tuesday. Holcim Nigeria is now part of Lafarge Africa following a mega-merger in 2015 to create the world's... 

Porsche ponders diesel exit, pushes electric cars – CEO

18th July 2017 Porsche's latest generation of diesel engines could be its last, Chief Executive Oliver Blume told Reuters, as Volkswagen's cheating on diesel emissions tests starts to cast a shadow over its Porsche sports-car division. Porsche is spending a billion euros ($1.16 billion) to overhaul its main... 

Oil climbs as firm demand absorbs ample supply

18th July 2017 Oil rose on Tuesday as demand soaked up some of the surplus supplies from Opec and the United States, but traders said the market was trading in a tight range and showed few signs of big short term moves. Benchmark Brent crude LCOc1 was up 70 cents at $49.12 a barrel by 1150 GMT, while US light... 

Congo central bank announces penalties for miners that fail to repatriate revenue

18th July 2017 Democratic Republic of Congo's central bank has announced stiff new financial penalties for companies that fail to repatriate at least 40% of their revenues from mineral exports, a decree seen by Reuters on Tuesday showed. Congo, Africa's top copper producer, has been hit hard by low commodity... 

Gold at two-week high as cloudy US rate hike outlook drags on dollar

18th July 2017 Gold prices rose to a two-week high on Tuesday as the dollar dipped to multi-month lows amid fading prospects of further rate hikes by the U.S. Federal Reserve this year and doubts whether President Donald Trump would be able to push through healthcare reforms. Asian shares stepped back from more... 

US seeks to recover $144m in Nigeria oil industry bribery case

17th July 2017 The US Justice Department on Friday filed a lawsuit seeking to recover assets that include a $50-million Manhattan apartment and an $80-million yacht that it said were bought using money generated from a scheme to pay millions of dollars in bribes to a former Nigerian oil minister. The civil... 

Tennis ball-sized 'diamond in the rough' too big to sell

17th July 2017 In the mysterious world of diamond mining, it turns out that some stones are too big to sell. Canada's Lucara Diamond Corp will have to cut its tennis ball-sized rough diamond to find a buyer, industry insiders say, following Sotheby's failed auction for the world's largest uncut stone last summer. 

Two injured in electrical fire at Congo's Tenke copper mine

17th July 2017 Two employees at the Tenke copper mine in Democratic Republic of Congo suffered minor injuries in an electrical fire at the weekend, majority owner China Molybdenum Co said on Monday, disputing media reports the workers had died. France's Le Figaro and Congolese media had reported that the two... 


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