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


Gold miners' silicosis lawsuit settlement expected within 6 weeks

11th March 2018 South African gold producers will likely reach a settlement within six weeks in a lawsuit over a fatal lung disease that companies have set aside R5-billion ($420-million) in provisions for, a lawyer and industry group said on Sunday. "I am confident we will finalise the settlement within six... 

Chile says companies to invest $754m in lithium industry

10th March 2018 Chile's development agency Corfo said on Friday that companies from China and South Korea, as well as Chile, had been approved to make investments of around $754-million in the red-hot lithium industry. The companies selected in a bidding process to develop technology focused on the lithium... 

US miners seek reversal of uranium mining ban near Grand Canyon

10th March 2018 The US mining industry asked the US Supreme Court on Friday to overturn an Obama-era rule that prohibits the mining of uranium on public lands adjacent to the Grand Canyon National Park. The National Mining Association (NMA) and the American Exploration and Mining Association (AEMA) filed... 

VAT hike tests SARB's hawkish stance

9th March 2018 After the first VAT hike since apartheid, South African consumers are calling for an interest rate cut but the South African Reserve Bank (SARB) has numerous reasons to resist this pressure, chief amongst them a desire to sustain an inflation-busting rally in the rand. Since market-friendly Cyril... 

Rio Tinto's last two coal mines set to attract bids over $2.5bn

9th March 2018 At least three bidders are expected to submit final offers for global miner Rio Tinto's Hail Creek and Kestrel coal mines in Australia, which could fetch up to $2.5-billion, people familiar with the process said. The Anglo-Australian mining company made a strategic decision in 2017 to exit coal... 

WTO says there is still time to discuss US tariff move

9th March 2018 World Trade Organization (WTO) members still have time to discuss the US tariffs on steel and aluminium imports signed by President Donald Trump on Thursday, and it is up to them what happens next, WTO spokesperson Dan Pruzin told reporters on Friday. "Certainly there is still time to discuss... 

LME rethinks cobalt contract for electric vehicle sector

9th March 2018 The London Metal Exchange has abandoned plans for a cobalt sulphate contract for the electric vehicle battery supply chain because pricing for the chemical has historically been based on the metal it is derived from, cobalt industry sources said. The exchange is instead looking at offering a... 

Coal miner in China's Shanxi aims to boost 2018 coalbed gas output by 25%

9th March 2018 Shanxi province's state-run coal mining business plans to increase coalbed methane (CBM) output by a quarter this year, an official told Reuters on Friday, as China's second-largest coal-producing region looks to boost clean fuel output. That comes in the wake of a push by Beijing to crack down... 

Botswana pays Russia's Norilsk Nickel $45m to settle mine sale dispute

9th March 2018 Botswana has paid Norilsk Nickel $45-million to settle a dispute after its State-run mining company pulled out of buying a stake in a South African mine from the Russian firm, the minerals minister said on Friday. Botswana's state-run BCL Mine pulled out of a 3-billion pula ($281-million) deal in... 

Canada hails tariffs exemption, says to keep lobbying Washington

9th March 2018 Canada on Thursday hailed the news it would not immediately be subject to US tariffs on steel and aluminum while promising to continue lobbying Washington until the threat of duties had disappeared. President Donald Trump announced the imposition of 25% tariffs on steel imports and 10% for... 


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