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


Nyrstar restarts output after worker suffer burns at Tasmania zinc plant

17th July 2017 Production has resumed at Nyrstar's Australian zinc operations in the southern state of Tasmania after an incident at the weekend in which a worker suffered significant burns, the company said on Monday. "Early in the morning (on Sunday) ... an incident occurred at Nyrstar Hobart in the... 

Eskom refutes cash-crunch reports

17th July 2017 South African power producer Eskom is not facing liquidity challenges, the utility said on Sunday, after media reports alleging it would be unable to pay salaries by November. Eskom, which produces nearly all of the electricity in Africa's most industrialised economy and exports energy to... 

South African Brian Joffe's Long4Life buys a beauty salon chain

14th July 2017 Brian Joffe, one of South Africa's most respected dealmakers, will buy a beauty salon chain, his new company Long4Life said on Friday, marking a return to the acquisition trail for the billionaire founder of industrial conglomerate Bidvest Group. The cash-and-share deal would be the second... 

Botswana's Okavango first-half diamond sales up 9%

14th July 2017 Botswana's State-owned Okavango Diamond Company (ODC) sales rose 9 percent to $309 million in the first half of the year as demand improved, its deputy managing director said on Friday. Marcus ter Haar told Reuters the company had sold 1.8 million carats in five auctions held since January. 

Acacia to meet higher Tanzanian royalty rate on metal exports

14th July 2017 Gold miner Acacia Mining Plc on Friday said the company would meet the increased royalty rate of 6 percent imposed on metals such as gold, copper and silver under new Tanzanian natural resources legislation. The rate has been raised from 4 percent and is in addition to the recently imposed... 

Gold edges up after Yellen rate hike view

13th July 2017 Gold edged higher on Thursday on a weaker dollar and lower US yields, with investors wagering that policy tightening in the United States would be glacial at best, though gains were capped by surging global stock markets. The dollar was steady against a currency basket, having fallen to its... 

Russia's Sberbank begins physical gold trading on Shanghai exchange

13th July 2017 Russia's biggest bank Sberbank said on Thursday its Swiss subsidiary had begun trading physical gold on the Shanghai Gold Exchange. Sberbank was granted international membership of the Shanghai exchange in September last year and in July completed a pilot transaction with 200 kg of gold kilobars... 

Rusal resumes Taishet aluminium project, sees deeper global deficit

13th July 2017 Russia's Rusal has resumed construction of its long-stalled Taishet aluminium smelter project in Siberia in expectation of a widening global aluminium deficit, the company said on Wednesday. The world's second-largest aluminium producer behind China's Hongqiao needs a further $700-million to... 

Massive copper mine tests Trump's push to slash regulation

13th July 2017 Rio Tinto's proposed Resolution Copper Mine in Arizona would tunnel 7 000 feet underground, where rocks radiate heat from the earth’s molten core. It would suck up enough water to supply a city and leave a crater a mile and a half wide and 1 000 feet deep. Planned for more than a decade, the... 

Nigeria to put off deciding whether to join OPEC cuts, minister says

13th July 2017 Nigeria supports OPEC's efforts to stabilize oil prices, but it wants to wait before deciding whether join the cartel's cuts in oil production, its oil minister said on Wednesday. "Hopefully, in the next two to three months we can see how predictable the production return has been and then can... 


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