R/€ = 14.72 Change: 0.00
R/$ = 11.98 Change: 0.00
Au 1314.11 $/oz Change: -3.86
Pt 948.00 $/oz Change: -8.60


Therapeutic brands help lift Aspen Pharmacare's H1 profit

8th March 2018 South Africa's Aspen Pharmacare said on Thursday first-half earnings rose 26%, buoyed by a strong result from therapeutic focused brands and positive performance of the pharmaceutical business in its home market. Aspen, which counts developed Europe as its biggest revenue generator, has been... 

Beny Steinmetz's mining firm BSGR enters administration to protect itself

8th March 2018 Mining company BSG Resources (BSGR) on Wednesday said it had voluntarily entered into administration, adding it had taken the decision to protect itself as it faces legal action. BSG Resources, the mining arm of billionaire Beny Steinmetz's businesses, is caught up in legal disputes in relation... 

EU warns Trump of trade war, China raises concerns at WTO

7th March 2018 Europe and the IMF urged Donald Trump on Wednesday to step back from the brink of a trade war, after the resignation of his economic adviser emboldened those encouraging him to push ahead with tariffs on imported steel and aluminium. The departure of Gary Cohn, seen as a bulwark against Trump's... 

South Africa's future 'just got a lot more positive', Anglo American CEO says

7th March 2018 South Africa's future is looking "a lot more positive" since President Cyril Ramaphosa succeeded scandal-plagued Jacob Zuma last month, Anglo American's Chief Executive Mark Cutifani said on Wednesday. Mining companies and South Africa's government have been at loggerheads for years over... 

Kazakh miner ERG revives sale of Congo copper mine – sources

7th March 2018 Debt-laden Kazakh miner Eurasian Resources Group (ERG) has revived efforts to sell its Frontier copper mine in Democratic Republic of Congo (DRC) despite a drop in valuation to about $400-million, two banking sources said. The company, which is working with VTB Capital and Rothschild to spin off... 

Hydro says no time set for restart of Brazil's Alunorte plant

7th March 2018 Norwegian aluminium maker Hydro is still unable to set a date for the restart of production at Brazil's Alunorte alumina refinery, the world's largest, the company said on Wednesday. The plant, a key supplier to Hydro's aluminium smelters, was ordered to halve production last week over fear of... 

Daimler's R&D chief sees nickel rich batteries gaining traction

7th March 2018 The car industry is moving towards making electric car batteries with a higher ratio of nickel, Ola Kaellenius, Daimler board member responsible for research and development, said on Tuesday. High cobalt prices have been pushing manufacturers to adjust the recipe for the batteries used to power... 

Energy execs says tariff gambit could hit shale, LNG project costs

7th March 2018 Energy executives say the Trump administration's proposed steel and aluminum tariffs could bump up the cost of big-ticket projects needed for rapidly rising US shale oil and gas output by three to 10%. Higher construction costs could slow growth in production and exports of crude and natural gas... 

Australia's gold production may rise to record - report

7th March 2018 Gold output from Australia, the world’s second-largest producer, may rise to a record as a stream of new projects comes on line, Australian mining consultancy Surbiton Associates said on Sunday. Australian gold miners, among the lowest cost globally, have enjoyed high margins in recent years,... 

Pushback on Trump tariffs gathers steam, Mexico rejects bid to split NAFTA

6th March 2018 Republican lawmakers stepped up calls for President Donald Trump to pull back from proposed tariffs on steel and aluminium imports as key trading partner Mexico rejected a bid by Washington to drive a wedge between it and Canada in talks to renegotiate the North American Free Trade Agreement.... 


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