R/€ = 16.96 Change: 0.14
R/$ = 14.41 Change: 0.24
Au 1206.20 $/oz Change: 3.80
Pt 827.50 $/oz Change: 10.16


Aquarius unsure when Marikana shaft will restart

15th July 2010 Aquarius Platinum, the world's No. 4 primary platinum producer, said on Thursday operations at a shaft of its Marikana mine in South Africa were still suspended a week after the death of five miners. "It [shaft 4] is not open at the moment. I don't know [when it will be opened]," Hulme Scholes,... 

Kyoto 2012 deadline tests carbon investors

14th July 2010 Uncertainty over what will happen to the carbon market after the current round of the Kyoto Protocol ends in 2012 may lead some financiers to hold off on green projects in Southeast Asia, investors said on Wednesday. Such investment is needed to shore up supply of carbon offsets for emissions... 

Namibia's annual inflation slows further in June

13th July 2010 Namibia's annual consumer inflation slowed for the fourth month in a row in June partly on lower transport costs, the Central Bureau of Statistics said on Tuesday. June inflation came in at 4,3% year-on-year, down from 4,7% in May, and the monthly change also braked to 0,1% in June from 0,2%... 

De Beers Namibia unit says averts wage strike

12th July 2010 Diamond producer Namdeb, a 50:50 joint venture between De Beers and the Namibian government has averted a wage strike after agreeing a pay rise deal with workers, the company said on Monday. Namdeb said it had agreed a 10% pay rise offer with the Mineworkers Union of Namibia (MUN) and a 9%... 

World Cup plays key role in South Africa rebrand — Jordaan

12th July 2010 The 2010 FIFA World Cup has played a key role in the rebranding of the country and forging unity among South Africans, 2010 FIFA World Cup organising committee chief executive Danny Jordaan said on Saturday. In a media briefing in Sandton on the impact of the FIFA World Cup, Jordaan said that... 

Niger committee says studies Semafo gold contract

9th July 2010 A Nigerien committee set up to tackle economic and financial irregularities said on Friday it was studying a contract signed by Canada's Semafo to mine gold in the west of the country. "Since this company started its activities, Niger has not seen a single franc despite its being a shareholder,"... 

China plans to fix rare earth prices – report

8th July 2010 China's central government plans to publish monthly prices for rare earth metals to avoid producers engaging in "cut-throat competition", China Daily reported on Thursday. China dominates production with 95% of global supply of the group of metals, a crucial ingredient in the motor magnets used... 

Zambia to meet rising demand for power from mines

7th July 2010 Zambia, Africa's top copper producer, is confident new power supply projects would be on stream in time to meet rising demand from its mines, Energy Minister Kenneth Konga said on Wednesday. Konga told Reuters in an interview Zambia planned to build new power stations, including the 218 megawatt... 

Japan's Itochu says takes stake in US lithium project

5th July 2010 Japan's Itochui on Monday said it has taken a stake in a US project to produce lithium and that it expects to start sample shipments of the metal for use in car batteries by the end of this year. Itochu, the fourth-biggest trading house in Japan, said it has bought a roughly 20% stake in Simbol... 

India Ministers' panel to consider new law for mines

2nd July 2010 A panel of Indian Ministers will meet on July 22 to consider a new law for mines, which aims to give local people a share of mining profits, the federal mines secretary Shanta Sheela Nair said on Friday.  


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