R/€ = 16.28 Change: -0.08
R/$ = 14.41 Change: -0.10
Au 1314.89 $/oz Change: -1.84
Pt 858.28 $/oz Change: 8.06


Botswana's Debswana targets diamond output of 24m carats in 2019

15th March 2019 Botswana's Debswana Diamond Mining, a joint venture between De Beers and the southern Africa country's government, aims to keep production at around 24-million carats this year, its managing director said on Friday. Debswana lifted diamond output by 6 percent to a four-year high of 24.1-million... 

South African court blocks AMCU's plans for industry-wide strike

15th March 2019 The labour court has rejected a request by platinum and gold sector union, the Association of Mineworkers and Construction (AMCU), to hold an industry-wide strike, Anglogold Ashanti, Anglo American Platinum (Amplats) and Lonmin said on Friday. AMCU has been on strike at Sibanye-Stillwater's gold... 

SQM receives Chile's approval for lithium plant expansion

15th March 2019 Chilean lithium miner SQM on Thursday received environmental approval to expand its lithium carbonate production plant, the local environmental regulator told Reuters, marking a milestone as the company seeks to boost output of the coveted ultralight battery metal. The $400-million plant... 

Advantage Lithium replaces CEO in wake of college admissions scandal

14th March 2019 Advantage Lithium said on Thursday it has temporarily replaced CEO David Sidoo after he was arrested last week by US. authorities as part of a sweeping college admissions scheme. The company, which is developing a lithium project in Argentina, has named board member Callum Grant as its interim... 

Manufacturing output up 0.3% y/y in January

14th March 2019 South Africa's manufacturing output barely grew in January, rising by 0.3% year-on-year after a flat reading of 0% in December, the statistics agency said on Thursday. Economist polled by Reuters had forecast a rise of 1.2% year-on-year in January. 

Vedanta to shut Namibian zinc refinery for five weeks

14th March 2019 Vedanta Zinc International, a unit of diversified miner Vedanta Resources, said on Thursday it would close its Skorpion Zinc Refinery in Namibia for five weeks after a strike by its mining contractor depleted stocks. "During the strike period, the Skorpion Refinery continued to run which led to... 

Burkina Faso says Paris court dismissed $2.2bn claim over manganese mine contract

14th March 2019 A Paris court has dismissed a $2.2-billion claim against Burkina Faso lodged by Pan African Minerals Group over control of one of the world's largest manganese mines, Burkina's government said on Thursday. Romanian-Australian tycoon Frank Timis' Pan African Burkina Limited (PAB) bought the rights... 

MTN aims to expand local shareholding of its Ugandan unit to 20% – CEO

14th March 2019 MTN Group's Uganda unit is looking to boost local shareholding to 20% from 4% this year, the South African telecoms giant's Chief Executive Robert Shuter said. The move to expand local ownership appears a bow to pressure from Ugandan President Yoweri Museveni who has said he would like the firm... 

South Africa sugar tax to cut industry revenues, prompt reform – USDA

14th March 2019 South Africa's sugar tax could slash industry revenues and prompt restructuring of the country's sugar sector, the US Department of Agriculture (USDA) said in a report published on Wednesday. The tax, introduced last April, has slashed the beverage sector's use of sugar by 30%, the USDA attache... 

Uganda probes refinery over alleged smuggling of gold

14th March 2019 Ugandan authorities said on Wednesday they are investigating the country's biggest gold refinery over recent imports of an estimated 7.4 tonnes of gold, worth some $300-million. Ugandan state-run media has reported the gold could have originated from Venezuela, which has been selling gold to prop... 


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