R/€ = 13.44 Change: -0.01
R/$ = 12.48 Change: -0.02
Au 1244.70 $/oz Change: 0.19
Pt 959.00 $/oz Change: -1.50


Suspended Philippine nickel miner plans to restart in policy test

17th March 2017 A Philippine nickel ore producer plans to reopen two mines suspended for environmental violations while it awaits the outcome of an appeal, in a test of rules around the government's crackdown on the industry. The two mines were among 10 suspended last year during a months-long audit led by... 

South Africa's Numsa calls for national strike over plant closures

17th March 2017 The National Union of Metalworkers of South Africa (Numsa), which claims to have 350 000 members, said on Friday it was calling for a national strike over State-run power utility Eskom's decision to shut down several coal-fired power stations. "Numsa is gearing up for the mother of all strikes in... 

Vale says Brazil court suspends Samarco damages lawsuit to help deal

17th March 2017 Brazilian iron-ore miner Vale said on Thursday that a federal court in Minas Gerais has suspended a case brought by prosecutors seeking 155-billion reais ($49.7-billion) in damages for the 2015 Samarco mine disaster. Vale said in a securities filing the court suspended other lawsuits to... 

Escondida striking union says invited company to talk on main demands

17th March 2017 The striking union at Escondida mine, in Chile, the world's biggest copper mine, said on Thursday it would return to the negotiating table if the company gave a written guarantee that it would only discuss the union's three key demands. Escondida did not immediately respond to requests for comment. 

Strikers at BHP's Escondida mine in Chile block restart attempt at port

16th March 2017 Striking workers at BHP Billiton's Escondida copper mine, in Chile, the world's largest, are blocking attempts by the company to renew operations at a key port nearby, BHP and an umbrella union said on Thursday, as the stoppage enters its sixth week. The company said on Tuesday it was gradually... 

China iron-ore extends gains as steel holds near 3-year high

16th March 2017 Shanghai rebar steel futures cut early losses to end near a three-year high on Thursday, helping raw material iron ore extend gains to a fifth session in a row. Hopes of stronger infrastructure spending and property sales in China helped steel prices surge this week, but volatility is also high. 

Smaller mining companies seek IPOs but deals remain modest

16th March 2017 Stock market flotations of smaller mining and metals companies are set to pick up this year, although a return to the flood of deals five or six years ago remains unlikely while investors rebuild their bruised confidence in the sector. A continued rally in metals prices is galvanising some firms... 

Tribunal plans July hearing on banks in FX collusion case

16th March 2017 South Africa's Competition Tribunal will hold a hearing in July where banks accused of colluding to rig the rand currency will make their submissions, the anti-trust body said on Thursday. The Competition Commission said last month it had found traders at more than a dozen local and foreign banks... 

Ethiopia trash dump landslide death toll rises to 115

16th March 2017 Emergency workers in the Ethiopian capital Addis Ababa searched through a mountain of garbage for the fifth consecutive day on Thursday as the death toll from a landslide at a rubbish landfill site rose to 115. The Horn of Africa country has declared three days of national mourning for the... 

Moroccan miner Managem reports 41% jump in 2016 net profit

16th March 2017 Top Moroccan miner Managem reported a 41% rise in annual net profit attributable to shareholders to 289-million dirhams ($28.85-million) on Thursday. Operational improvements and a rebound in metals prices helped lift earnings, it said. 


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