R/€ = 15.02 Change: 0.01
R/$ = 12.31 Change: -0.03
Au 1327.27 $/oz Change: -8.12
Pt 999.00 $/oz Change: -0.97


Russia's Arlan aims to have doubled gold output in 2020

12th January 2018 Russian gold producer Arlan plans to have doubled gold output from its mine in 2020, expecting the price for the precious metal to rise further, the firm's director for development said. Russia, the world's third largest gold producer, has seen its gold mining expand in recent years with a... 

Indian tribunal orders liquidation of Gujarat NRE Coke

12th January 2018 India's National Company Law Tribunal (NCLT) has ordered liquidation of Gujarat NRE Coke after the company's debt resolution plans failed. The Kolkata bench of the NCLT, the designated court for bankruptcy cases, on Thursday passed the order, which was filed with the stock exchanges on Friday. 

Chinese coal imports rise in Dec on looser customs curbs

12th January 2018 China's coal imports rose in December from the previous month, as Beijing loosened curbs on shipments brought in through some ports to ease supply shortages of the fuel. Arrivals of coal, which include lignite, reached 22.74-million tonnes last month, up from 22.05-million tonnes in November,... 

Canadian companies struggle to plan for post-NAFTA world

12th January 2018 Canadian industries that would be most acutely impacted by the death of the North American Free Trade Agreement are unable to meaningfully plan for a possible post-NAFTA world given the uncertainty of what could replace it, analysts and executives said. With three quarters of Canadian exports... 

Indonesia lays groundwork for transfer of Grasberg mine to local control

12th January 2018 Indonesian regional and central government officials on Friday signed an agreement with state holding company PT Inalum that lays the foundation for the transfer of Freeport-McMoRan's giant Grasberg copper mine to local control. Indonesia and Papua have long pushed for greater control over... 

Botswana’s Okavango posts record diamond sales at $567m

12th January 2018 Botswana’s Okavango Diamond Company (ODC) posted a 4% jump in sales to $567-million in 2017, the highest annual sales since its formation in 2013, the company said on Thursday. The State-owned company sold 3.41-million carats of diamonds in 2017, managing director Marcus ter Haar told Reuters,... 

Alcoa locks union workers out of Canada smelter as contract expires

11th January 2018 The tussle between Alcoa Corp and union workers escalated on Thursday after the aluminium producer locked them out of its smelter in Becancour, Quebec, as an old contract expired at midnight and talks on a new agreement failed. The collective agreement for 1 030 unionised workers expired at... 

November manufacturing output up 1.7% y/y

11th January 2018 South Africa's manufacturing output rose 1.7% year-on-year in November, after rising by a revised 2.3% in October, Statistics South Africa said on Thursday. Economists polled by Reuters had forecast manufacturing volumes would rise by 0.45% year-on-year in November. 

Zambia sees mining revenue rising on higher copper price

11th January 2018 Zambia expects to collect more revenue from mining companies this year compared to 2017 after copper prices rose above $7 000/t, the revenue authority (ZRA) said on Wednesday. ZRA Commissioner-General Kingsley Chanda said at a media briefing the authority was targeting a revenue-to-GDP ratio of... 

South Africa's economy may grow 2% this year – Gigaba

11th January 2018 South Africa's economy may grow 2% or more this year if the government takes the right policy decisions, Finance Minister Malusi Gigaba said on Thursday. "The capacity of the South African economy's growth levels far exceeds the targets that we have set ourselves," Gigaba told a business... 


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