R/€ = 15.06 Change: 0.09
R/$ = 12.92 Change: 0.12
Au 1255.03 $/oz Change: 1.19
Pt 936.50 $/oz Change: 2.50


Cuba sees 2017 nickel, cobalt sulphides output at 54 500 t

10th July 2017 Cuba plans to produce 54 500 t of nickel and cobalt sulphides this year, state-run television said at the weekend. Nickel is one of the cash-strapped Communist-run country’s most important exports, but revenue from it has suffered in recent years due to a decline in production and prices. 

Merkel calls for G20 compromise as crunch climate talks start

7th July 2017 German Chancellor Angela Merkel pressed fellow Group of 20 leaders to compromise at the start of talks on climate and trade that have pitted US President Donald Trump against virtually every other country in the club of leading economies. The host of the G20 summit addressed her counterparts on... 

China, France eye Gambian port upgrade to rival Dakar

7th July 2017 Chinese and French companies are bidding to help Gambia build up its Atlantic port Banjul to be what industry sources say could be a rival to neighbouring Senegal's Dakar. It would be one of the first major structural changes in Gambia following the end of President Yahya Jammeh's more than... 

Zambia to build $548m cement plant

7th July 2017 Zambia will build a $548-million cement plant in a joint venture between the nation's mining investment arm and China's Sinoconst, President Edgar Lungu said on Friday, as it aims to diversify the economy to reduce reliance on copper mining. Zambia Consolidated Copper Mines Investment Holdings... 

Polish coal miner reduces 2017 coal output target to 32Mt

7th July 2017 Poland's State-run PGG, one of the biggest coal mining firms in the European Union, said on Friday it had reduced its 2017 coal production target by 2-million tonnes to about 32-million. "In the first half of the year, we have produced 14.5-million tonnes of coal and in the whole year we want to... 

Gas blast kills three in Norilsk Nickel mine

7th July 2017 A methane gas explosion on Friday ripped through an Arctic mine run by Russian miner Norilsk Nickel, killing three people and injuring several others, the company said in a statement. All workers were evacuated from the Zapolyarnaya mine. "All necessary rescue work is being carried out, the cause... 

Iron-ore exports to China from Australia's Port Hedland edge down in June

7th July 2017 Iron-ore shipments to China from Australia's Port Hedland terminal dropped to 36.6-million tonnes in June from 38-million tonnes the month before, port data released on Friday showed. Overall iron ore shipments from the world's biggest export terminal for the steelmaking raw material dipped to... 

Guatemala court confirms suspension of Tahoe mining licences

7th July 2017 Guatemala's Supreme Court on Thursday confirmed a preliminary decision to suspend two mining licenses belonging to the local unit of Canadian miner Tahoe Resources Inc, citing violation of indigenous people's rights to be consulted. The decision affects the Escobal mine, Tahoe's flagship mine and... 

Public Protector defends bid to weaken SARB inflation mandate

6th July 2017 South Africa's main public watchdog stood by its bid to force the central bank to target growth rather than inflation, dismissing a legal challenge that the move was unconstitutional. The head of the Public Protector Busisiwe Mkhwebane, set off a political row last month when she said the South... 

ENI pumps first oil from Ghana's Sankofa field

6th July 2017 Italian oil company ENI started oil production from the 45 000 bbl/d Sankofa field offshore Ghana on Thursday, company and government officials said. The Sankofa field forms the first phase of the $7.9-billion Offshore Cape Three Points project (OCTP), which is expected to also deliver up to 180... 


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