R/€ = 16.76 Change: 0.00
R/$ = 14.64 Change: 0.00
Au 1184.72 $/oz Change: 7.82
Pt 786.75 $/oz Change: 5.92


Union at Caserones mine in Chile says members vote to strike

13th August 2018 The main union at Chile's Caserones copper mine said on Sunday that 98.5% of its workers had voted to reject a final offer from mine operator Lumina Copper during mediation. The union said in a statement that as a result of the vote, that was held following a weekend-long meeting of its members,... 

Peru President expects lithium, uranium mining laws passed in 6 months

12th August 2018 Peruvian President Martin Vizcarra told Reuters his government will likely pass laws within six months needed to tap a new lithium and uranium deposit, removing a major hurdle for Canadian miner Plateau Energy Metals' proposed $800-million mine. Plateau said last month it had found 2.5-million... 

Banro gold mine trucks attacked in eastern Congo, two dead – army

12th August 2018 Militiamen in eastern Congo attacked trucks belonging to Banro's Namoya gold mine, killing two people and kidnapping four others, the army said on Saturday, in at least the third attack on mine personnel since last year. The attack was carried out by militiamen from the group Mai Mai Malaika on... 

Most unions at Chile's El Teniente copper mine accept contract

10th August 2018 Four of the five labor unions representing workers at the El Teniente copper mine in Chile have accepted the latest contract offer from state mining company Codelco, union leaders told Reuters. "The contract was approved by an ample margin after the company improved its offer," said Guillermo... 

Rio Tinto considers float of Canadian iron-ore business

10th August 2018 Rio Tinto, the world's second largest listed mining company, is exploring a public listing of its Iron Ore Company of Canada business, banking and industry sources said, as it focuses on boosting revenue from its flagship Australian assets. Iron-ore, which accounts for most of Rio's profit and... 

Kremlin backs discussion of idea to raise revenue from metals firms

10th August 2018 Russian President Vladimir Putin agrees that a proposal to prop up the budget by raising more revenue from metals and mining companies should be discussed, but has not made any decision, Kremlin spokesman Dmitry Peskov said on Friday. Proposals seen by Reuters on Thursday were set out in a... 

Billionaire's huge Nigerian oil refinery likely delayed until 2022 – sources

10th August 2018 A huge oil refinery being built in Nigeria by Africa's richest man is unlikely to start production until 2022, two years later than the target date, sources with direct knowledge of the matter said. The 650 000 bbl/d refinery near Lagos, set to be Africa's biggest, is expected to boost Nigeria's... 

Sonatrach in talks with 14 foreign firms on trading venture – CEO

10th August 2018 Algerian State energy firm Sonatrach is in talks with 14 international firms for a joint venture to trade oil and gas products after agreeing to buy its first overseas refinery, its CEO said on Thursday. "I am happy to say that 14 firms are on the list to do a JV on trading with us," Abdelmoumen... 

UAE to build oil pipeline between Eritrea and Ethiopia – Fana Broadcasting

10th August 2018 The United Arab Emirates will build an oil pipeline connecting Eritrea's port city of Assab with Ethiopia's capital Addis Ababa, an Ethiopian state-affiliated broadcaster said on Friday. Fana Broadcasting said the information was revealed during a meeting in Addis Ababa between Ethiopia Prime... 

BHP says Brazil court approves Samarco settlement

10th August 2018 Mining heavyweight BHP said on Thursday a federal court in the Brazilian state of Minas Gerais approved an agreement between miner Samarco and Brazil authorities, marking a milestone in the legal battle over a deadly 2015 dam failure. A 20-billion reais ($5.- billion) lawsuit against Samarco,... 


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