R/€ = 14.72 Change: 0.00
R/$ = 11.98 Change: 0.00
Au 1314.11 $/oz Change: -3.86
Pt 948.00 $/oz Change: -8.60


As copper booms, miners take hunt to Mongolian dunes

13th March 2018 When temperatures rise and winds drop in the coming weeks, a band of explorers will hunt for copper riches in Mongolia's Gobi Desert. For years Rio Tinto has been the sole international copper mine operator in Mongolia, bound closely to a country where it has bet billions of dollars on the giant... 

Canada's Trudeau tells metal workers: 'We have your backs'

13th March 2018 Canadian Prime Minister Justin Trudeau promised aluminium and steelworkers on Monday he would defend them against possible US tariffs and called US President Donald Trump to stress that "mutually beneficial" cross-border supply chains should be preserved. Trump said last week he would impose... 

China's Zijin Mining interested in Serbian copper mine RTB, Belgrade says

12th March 2018 China's Zijin Mining Group has expressed interest in buying loss-making Serbian copper miner and smelter RTB Bor, which the Balkan state has been trying to sell for the past decade. President Aleksandar Vucic on Monday met representatives of the Chinese firm, who expressed an intention to invest... 

Zimbabwe gives mines, farmers six months to clear electricity bills

12th March 2018 Zimbabwe's state-owned electricity distributor has given businesses, including mines and large-scale farms, six months to clear their bills or risk being cut off and face litigation, the company said on Monday. The Zimbabwe Electricity Transmission and Distribution Company (ZETDS) is owed more... 

EU says expects contacts, no formal talks with US on tariffs this week

12th March 2018 The European Commission said it expected to be in contact with the US over steel and aluminium tariffs this week, but added that no formal talks were scheduled. "No meetings as such are planned at the moment between US and EU authorities," a spokesman for the European Commission told a regular... 

Congo's Kabila signs into law new mining code

12th March 2018 Democratic Republic of Congo President Joseph Kabila signed into law on Friday a new mining code that raises royalties and taxes on operators, the presidency said in a statement. International mining companies that operate in Congo, Africa's top copper producer, have vigorously opposed the new... 

South African rights lawyer plans listeria class action against Tiger Brands

12th March 2018 A human rights lawyer plans to launch a class action lawsuit against South African food producer Tiger Brands on behalf of the families of people who died and those affected by the worst listeria outbreak in history. South Africa's health minister said on Thursday the government would support... 

Citic estimates up to $1bn impairment on Australia's Sino Iron project

12th March 2018 Chinese conglomerate Citic said it would book an impairment of $800-million to $1-billion on the value of its Sino Iron project in Australia for fiscal 2017. "Impairment is a non-cash accounting item, but it will reduce the company's 2017 reported profits," chairman Chang Zhenming said a filing... 

US tariff exemptions to boost Australian exports - industry

12th March 2018 Australian steel and aluminium manufacturers said on Monday exports to the United States will grow after securing exemptions from tariffs signed into law by US President Donald Trump. Trump on Friday said Australia would become the third country to be free from a 25% tariff on steel imports and... 

Chile's Codelco inks deal on Ecuador copper project

11th March 2018 Chile's State-run mining company Codelco, the world's largest copper miner, signed a deal with Ecuador on Saturday for joint development of the Llurimagua copper project near Quito. The project could become the first mine Codelco operates abroad following years of efforts to expand... 


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