R/€ = 15.02 Change: 0.01
R/$ = 12.31 Change: -0.03
Au 1327.27 $/oz Change: -8.12
Pt 999.00 $/oz Change: -0.97


Indonesia hopes to finalise Freeport contract talks by June

11th January 2018 Indonesia hopes to finalise contract talks with Freeport McMoRan over the Grasberg copper mine by June, although divestment issues are still unresolved, a mining ministry official said on Thursday. Indonesia and Freeport formed a framework agreement in August to transfer the company's rights to... 

Reserve Bank expected to keep repo rate unchanged next week

11th January 2018 South Africa's Reserve Bank will leave interest rates unchanged at its Jan. 18 meeting, a Reuters poll showed on Thursday, despite a much firmer rand suggesting further easing could come from the bank. The rand, currently around 12.43 per dollar, has gained almost 8% in the last six months - with... 

Port Hedland clearing out ships as Cyclone Joyce intensifies

11th January 2018 Australia's Port Hedland iron-ore terminal expects to clear all remaining vessels from its harbour by 10:30 GMT as a safety measure after a tropical cyclone intensified off the nation's western coast on Thursday, Pilbara Ports Authority said. The port's biggest user, global mining giant BHP,... 

Alcoa Canada workers' union rejects contract offer

11th January 2018 Unionised workers at Alcoa Corp's aluminium smelter in Becancour, Quebec rejected the company's latest contract offer. About 80% of the workers rejected the contract offer but the president of the local steelworker's union urged the company to continue negotiations. 

Output and exports from Colombia's Cerrejon coal mine fell in 2017

10th January 2018 Production and exports at Cerrejon, Colombia's largest thermal coal mine, fell in 2017 for the third straight year as heavy rainfall affected operations, the mine's owners said on Wednesday. Output reached 31.9-million tonnes in 2017, 0.3% below the previous year. Exports totalled 31.7-million... 

Liberty House makes binding offer for Rio Tinto's French aluminium smelter

10th January 2018 Liberty House, the industrial arm of British steel tycoon Sanjeev Gupta's GFG Alliance, said on Wednesday it had made a binding offer for miner Rio Tinto's, aluminium smelter in Dunkerque, France, the largest in Europe. The group did not disclose an offer price but said the move was part of a... 

Rosneft decides against bid for Alrosa's gas assets for now

10th January 2018 Rosneft has decided against bidding for gas assets being sold by diamond miner Alrosa, at least for now, the Russian energy company said on Wednesday, saying the auction terms were unacceptable. The world's largest producer of rough diamonds plans to sell its gas assets in Russia's Yamalo-Nenets... 

Port Hedland may clear ships as storm builds off Australia - port authority

10th January 2018 essels may be cleared from Australia's Port Hedland, the world's biggest iron ore export terminal, as early as Thursday as a safety precaution because of a tropical storm, port manager Pilbara Ports Authority said on Wednesday. The authority said Port Hedland may commence the clearing of vessels... 

Zuma setting up commission to look into allegations of State corruption

10th January 2018 President Jacob Zuma said on Tuesday he will set up a commission of inquiry into allegations of influence-peddling, after a 2016 anti-graft report called for a judge to investigate any corruption in his government. Zuma was ordered to establish the inquiry within 30 days of a High Court ruling... 

US producers seek to block Chinese aluminium shipped via Vietnam

10th January 2018 US aluminium products makers sought new trade protections against Chinese imports on Tuesday, accusing China Zhongwang Holdings Ltd and its affiliates of evading US anti-dumping and anti-subsidy duties by shipping aluminium products through Vietnam. In a filing with the US Commerce Department,... 


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