R/€ = 16.27 Change: 0.01
R/$ = 14.39 Change: 0.01
Au 1238.58 $/oz Change: 0.51
Pt 783.50 $/oz Change: -9.03


Colombia rejects modified permits for some coal miners

14th June 2012 Colombia's environmental licensing authority has rejected requests to modify permits for coal expansion projects including at top producers Drummond and Glencore International's Prodeco unit over pollution worries, the body said on Wednesday. Colombia's top thermal coal exporters, which are... 

Rate cut expectations rise as SA economy struggles

8th June 2012 South Africa's manufacturing output was weaker than expected in April as export demand remained sluggish, adding to signs that economic recovery is hesitant and supporting the case for an interest rate cut later this year. 

Exxaro looks at port and rail expansion in Congo

5th June 2012 South African diversified miner Exxaro will upgrade a railway line in the Republic of Congo to transport at least 10-million tons a year by 2016 as it moves to exploit its recently acquired Mayoko iron-ore project, an official said on Tuesday. The French-built railway, constructed in 1931,... 

Petrol price to fall 55c a litre

1st June 2012 South Africa's petrol price pump in the main inland commercial region of Gauteng will decrease by 55c, or 4.5%, a litre next Wednesday, the Energy Department said on Friday. The new price of 95 grade petrol will be R11.67 a litre in the Gauteng region, from R12.22 in May, decreasing for the... 

World can feed more people more efficiently – FAO

30th May 2012 The world can feed itself with less food output than previously forecast if it turns to sustainable farming, cuts waste and stops excessive consumption, the United Nations' Food and Agriculture Organisation (FAO) said on Wednesday. If current consumption patterns persist, the world will need to... 

Canada aims to restore CP Rail service Thursday

29th May 2012 The Canadian government will force striking workers at Canadian Pacific Railway back to work with fast-track legislation aimed at restoring rail service by Thursday, Labour Minister Lisa Raitt said on Monday. The government introduced the legislation in the House of Commons on Monday to end a... 

More coal moved to SA's power plants

29th May 2012 South African state logistics group Transnet expects coal transported along its lines to triple to 30-million tons within seven years to meet demand at coal-fired power stations, a presentation showed on Tuesday. "Indications are that the demand for the transportation of coal to Eskom's power... 

Chile Codelco's Anglo stance unchanged

28th May 2012 The incoming CEO of Codelco has signaled there will be no change in the Chilean state copper giant's attitude toward its right to acquire 49 percent of Anglo American Plc's assets in south-central Chile, a local newspaper reported on Sunday. Thomas Keller, who is set to take the helm of the... 

Chile Codelco CEO Hernandez to resign, CFO to step in

25th May 2012 Chile's state copper giant Codelco said on Thursday CEO Diego Hernandez was resigning and would be replaced by CFO Thomas Keller, just as the world's No. 1 copper producer is striving to end a bitter contract dispute with global miner Anglo American. Codelco told Chile's market regulator... 

Brent hits 2012 low on Europe turmoil, weak US data

18th May 2012 Brent crude slipped below $107 on Friday to its lowest in 2012 as a worsening eurozone crisis and weak US economic data raised fears of a global slowdown that could dent oil demand. Worries about the euro zone, already roiled by Greek political chaos, mounted as Spain slipped into a recession,... 


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