R/€ = 16.94 Change: -0.05
R/$ = 14.38 Change: 0.00
Au 1201.49 $/oz Change: 3.05
Pt 831.50 $/oz Change: 3.09


Russian giant copper project aims to raise $1.25bn in 2018

17th September 2018 Baikal Mining Company, operator of Russia's biggest untapped copper deposit Udokan, plans to raise $1.25-billion in project financing from a Russian bank by the start of 2019, its chairperson Valery Kazikayev told Reuters. Spurred by high global appetite for cooper, which many expect to be in... 

Philippine President repeats desire to 'close all mining' after landslides

17th September 2018 Philippine President Rodrigo Duterte on Monday repeated his desire to shut all mines in the country following deadly landslides that some government officials and large miners said have been exacerbated by illegal small-scale mining. "If I were to try to do my thing I will close all mining in... 

Egypt signs oil, gas exploration deal with Shell, Petronas worth about $1bn – statement

17th September 2018 Egypt has signed a deep-water oil and gas exploration deal with Royal Dutch Shell and Malaysia's Petronas worth around $1-billion for 8 wells in the country's West Nile Delta, the petroleum ministry said on Saturday. The country also signed a second $10-million deal with Rockhopper, Kuwait Energy... 

Eskom has coal shortages at ten power plants – spokesperson

17th September 2018 South African power utility Eskom said on Monday that it had fewer than 20 days of coal supplies at 10 of its 15 coal-fired power stations, posing a threat to national power supplies. A company spokesman said a major supplier, owned by the Gupta family, had cut supplies as it seeks insolvency... 

Nexa says to invest $1.17bn in Peru, Brazil in five years

17th September 2018 Brazilian mining company Nexa Resources plans to invest some $1.17-billion in copper and zinc projects in Peru and Brazil over the next five years, the company's general manager Ricardo Porta said on Friday. About $816-million will be invested in Peru, including $555-million in copper projects... 

Chilean lawmakers study extra tax for copper, lithium mines

14th September 2018 Chile's congress is studying a proposal for an additional royalty payment for copper and lithium miners operating in the country to bolster the development of the regions around their deposits, according to a draft seen by Reuters. The initiative, which was put forward by opposition legislators... 

Spain's nuclear watchdog requests more info on Berkeley uranium mine

14th September 2018 Spain's nuclear watchdog CSN has asked Australian mining company Berkeley Energia for more information on its plans for a uranium mine in Salamanca, on which work is due to begin later this year, the regulator said on Friday. The project, which would become the European Union's only open-cast... 

Anglo American asks Angola for permission to explore for metals

14th September 2018 Anglo American, one of the world's largest commodities miners, has asked Angola for permission to explore for base metals, the country's Ministry for Mines said on Friday. Anglo, which operates diamond, copper, platinum mines around the world, submitted a letter of intent to invest in the... 

Nickel producers eye Indonesia to plug into EV battery market

14th September 2018 Several global metals producers have set their sights on Indonesia's nickel reserves to tap an expected surge in demand for the metal for electric vehicle batteries. Sumitomo Metal Mining (SMM) said on Thursday that it and nickel miner PT Vale Indonesia are conducting a feasibility study to... 

Bharti Airtel picks banks for London flotation of Africa business – sources

14th September 2018 India's biggest mobile carrier Bharti Airtel has chosen UBS, JP Morgan and Citi to coordinate the London initial public offering of its Africa business, two sources familiar with the matter said. In February Bharti Airtel said the holding company for its Africa operations was looking at a... 


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