R/€ = 15.82 Change: 0.05
R/$ = 13.26 Change: 0.03
Au 1297.29 $/oz Change: 2.55
Pt 933.00 $/oz Change: 0.00


Sulphurous fuels flow to West Africa as States defer tougher rules

13th September 2017 Nigeria and several other West African States are not expected to implement rules banning imports of sulphur-heavy fuels until December 1 at the earliest after missing summer deadlines, drawing the ire of health campaigners pushing for cleaner air. Nigeria, Togo, Côte d'Ivoire and Benin promised... 

Lonmin says licence not at risk after Ministry warning

13th September 2017 The South African mines ministry has told platinum miner Lonmin that it failed to meet some of its social and labour obligations, the producer said on Tuesday, but added it did not think its operating licence was in jeopardy. The London-listed miner received a letter last week from South Africa's... 

China steel, iron-ore climb as traders restock for peak season

13th September 2017 Iron-ore futures in China jumped more than 2% on Wednesday, rising with steel prices for a second day as traders build stocks to cash in on the peak season for demand in the world's top steel market. Chinese steel demand picks up in September and October after the summer lull as construction... 

Gold price rise lifts Mali's 2016 State mining revenues 1%

12th September 2017 Mali's State revenues from mining companies rose 1% last year to 247.3-billion CFA francs ($454-million) from 2015 due to a rise in gold prices, the mining ministry said on Tuesday. Mali is the third-biggest gold producer in Africa after South Africa and Ghana, and gold overwhelmingly dominates... 

South African watchdog discussed SARB mandate with Presidency – court papers

12th September 2017 South Africa's anti-graft watchdog consulted the Presidency on a proposal to change the South African Reserve Bank's mandate to promote economic growth rather than currency and price stability, the bank said in court papers submitted this week. Public Protector Busisiwe Mkhwebane, whose job is to... 

Numsa union demands 15% wage hike in coal sector

12th September 2017 The National Union of Metalworkers of South Africa (Numsa) has demanded Glencore raise coal mining wages by 15%, Numsa said on Tuesday, almost triple the inflation rate of 4.6%. NUMSA also said it was pushing for an increase of 20% in all allowances. The union is scheduled to meet with the... 

Congo govt's H1 mining revenues rise 9%, oil revenues up 140%

12th September 2017 Democratic Republic of Congo collected $294.3-million in revenues from the mining sector in the first half of 2017, up 9% over the same period last year, the finance ministry said. The finance ministry also said in a quarterly report, seen by Reuters on Tuesday, that revenues collected from the... 

Switzerland widens investigation into Gunvor Congo Republic deal

12th September 2017 Switzerland's attorney general has widened a bribery investigation into a former employee of commodities trader Gunvor Group in the Republic of Congo to include the company itself, Gunvor said in a statement on Monday. Gunvor said the investigation was expanded to "examine possible organizational... 

China steel, iron-ore drop for 5th day; but outlook still upbeat

11th September 2017 Chinese iron-ore futures fell to their weakest level in almost a month on Monday, dropping for a fifth session along with steel prices as investors pared positions in the two commodities although the outlook for demand remained bright. The losses were in line with a retreat in other China-traded... 

Solar grid keeps harvests high, hospitals lit in parched rural Zimbabwe

11th September 2017 Until recently, farmers in this town in southern Zimbabwe struggled to water their crops, frustrated by poor rainfall and the regular breakdown of the diesel engines that powered their irrigation systems. As in most areas of rural Zimbabwe, rain-fed agriculture provides most of the jobs in this... 


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