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


Workers at Colombia's Cerrejon coal mine say they could strike over wages

10th January 2018 Union workers at Colombia's largest coal mine, Cerrejon, could strike if disagreements at negotiations for wages and benefits are not resolved by January 19, the main union's president said on Tuesday. A strike at the Cerrejon mine, which produces 32-million tonnes of coal a year, or about 37%... 

Growth of European gold-backed ETFs outpaces US funds in 2017 – WGC

9th January 2018 European gold-backed exchange-traded funds added more than double the amount of t that North American ones did in 2017, growing their assets by 13.9%, the World Gold Council (WGC) said on Tuesday. Though North America contained more than half the amount of global exchange-traded fund holdings,... 

Amplats reaches deal with South African tribal leader in community fund row

9th January 2018 A South African tribal leader has agreed to a more transparent structure for a R175-million ($14-million) community trust funded by Anglo American Platinum (Amplats), a move that aims to curb unrest around the firm's most profitable mine. The changes relate to the Mapela Trust, which was set up... 

Kingsgate to retain current management

9th January 2018 Australia-listed Thai gold miner Kingsgate Consolidated said in a statement on Tuesday that shareholders had voted to retain its current management, led by long serving chairman Ross Smyth-Kirk. Kingsgate's biggest shareholder, Metal Tiger, had sought the vote in hopes of installing its own... 

Drought conditions hit South African maize belt – industry group

9th January 2018 The western part of South Africa's maize belt has been hit by drought and farmers there have only planted 70 to 75% of the area they had intended to, industry group Grain SA said on Monday. With the window of planting opportunity fast closing, the unexpected onset of dry conditions in the key... 

Copper hits two-week low, zinc at highest in more than a decade

9th January 2018 Copper hit a two-week low on Monday, weighed down by a stronger dollar and as the market consolidated following sharp gains in December, while zinc again reached its highest in more than a decade on supply concerns. The dollar rose against the euro, making dollar-priced metals costlier for... 

Workers at Lomas Bayas mine in Chile call off strike plans

9th January 2018 Unionised workers at Chile's Lomas Bayas copper mine have cancelled plans to start a strike this week after accepting a contract offer from operator Glencore, a union leader told Reuters on Monday. Workers approved the company's proposal for a 2% wage hike and a $10 750 bonus, said Pedro... 

Jaguar Land Rover to decide whether to build electric cars in UK in 2018

8th January 2018 Britain's biggest carmaker Jaguar Land Rover will have to decide in the next 12 months whether to build electric cars in its home market, its director of sales Andy Goss said on Monday. Its first electric model, the I-PACE, will be built in Austria. 

Ramaphosa calls for unity as rift over Zuma widens

8th January 2018 The new leader of South Africa's African National Congress (ANC) Cyril Ramaphosa called for unity on Monday as factions within the party become increasingly divided over the future of President Jacob Zuma. There is widespread speculation that Ramaphosa and his allies are lobbying ANC members to... 

Coal dwarfs battery metals in mining deals despite war on pollution

8th January 2018 Coal and iron-ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future. While the biggest deal was in Brazil, China was a top player despite planning to reduce domestic coal... 


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