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Reuters

Paulson holds stake unchanged in SPDR Gold Trust Q3 – filing

15th November 2017 Paulson & Co held its stake unchanged in the world's biggest gold exchange-traded fund in the third quarter, a 13F filing with the US Securities and Exchange Commission showed on Tuesday. New York-based Paulson & Co, led by longtime gold bull John Paulson, kept its stake in SPDR Gold Trust at... 

China iron-ore, steel prices rise ahead of output curbs

14th November 2017 China's iron ore futures edged up on Tuesday along with prices for steel rebar, buoyed as some steel mills ramped up production a day before winter output cuts take full effect. Industrial plants in northern China have been ordered to curb output by up to 50% during the heating season that kicks... 

Hydrogen could deliver one fifth of world carbon cuts by 2050 – industry group

14th November 2017 Increasing the use of hydrogen in power, transport, heat and industry could deliver around one fifth of the total carbon emissions cuts needed to limit global warming to safe levels by mid-century, a report by the Hydrogen Council said on Monday. To encourage industries to use hydrogen, Toyota... 

Ghana opens talks with Exxon on deepwater drilling contract

14th November 2017 Ghana has opened talks with Exxon Mobil Corp to allow the US oil firm to undertake deepwater exploration off its coast, a deputy energy minister said on Monday. "The negotiations are ongoing according to our current laws ... so far so good," Mohamed Amin Adam told Reuters on the sidelines of an... 

Eskom says has 'healthy' coal stockpiles ahead of strike

14th November 2017 South Africa's State-run power utility Eskom said on Monday it had healthy stockpiles across its coal-fired power stations and was building them further ahead of a potential coal wage strike by the National Union of Mineworkers. "To mitigate the impact from this impending strike, the utility is... 

Former Xstrata chief Davis eyed for Rio Tinto chairperson's job – FT

14th November 2017 Rio Tinto investors gave a mixed reaction to a report that former senior mining executive Mick Davis, now chief executive of Britain's ruling Conservative Party, was well-placed to become the Anglo-Australian miner's next chairperson. The Financial Times newspaper reported late on Monday that... 

Ethiopian Airlines interested in Boeing's proposed mid-sized jet

14th November 2017 Ethiopian Airlines would be interested in around 10 to 20 mid-sized jets that Boeing is studying possibly developing, the African airline's chief executive said on Tuesday. Ethiopian also ordered two Boeing 777 Freighters, and exercised options for two more, Chief Executive Tewolde Gebremariam... 

South Africa graft watchdog must meet court deadline – SARB

14th November 2017 South Africa's anti-graft watchdog must meet a high court deadline in a case about the central bank's mandate to avoid creating market instability, the bank said on Monday. Market stability is politically sensitive in South Africa because ratings agencies downgraded the country's debt in April... 

Global gold flows stable in Oct, gold ETFs add 3.3 t

14th November 2017 Gold-backed exchange traded funds (ETFs) have added 3.3 t of gold to their global holdings during October, as outflows from North America mostly offset inflows in Europe, the latest data from the World Gold Council (WGC) shows. Global ETF gold holdings now total 2 347.6 t. 

Argentina seeks to overtake Chile in South America lithium race

14th November 2017 The giant pools of turquoise water in the mountainous deserts of northwest Argentina shimmer in the sunlight like oases and for lithium miners like Australia's Orocobre, that is exactly what they are. The mid-cap miner is one of several lithium producers stepping up investment in Argentina amid... 

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