R/€ = 16.53 Change: -0.15
R/$ = 14.43 Change: -0.19
Au 1226.60 $/oz Change: 4.11
Pt 828.00 $/oz Change: -10.24


India's aluminium makers win Japan sales in market shake-up

8th October 2018 Indian aluminium makers including Hindalco Industries and Vedanta Ltd are boosting sales to Japan as US sanctions against Russia's Rusal and import tariffs shake up traditional supply routes. India's product has generally not been regarded as high enough quality by Japan's demanding buyers, who... 

Trafigura to invest in Congo artisanal cobalt mine

8th October 2018 Trafigura is investing in a project that will formalise and monitor artisanal and small-scale cobalt miners in the Democratic Republic of Congo, the chief executive of the commodities trader said on Monday. Cobalt is a key ingredient in the batteries that power electric vehicles, a fast-growing... 

Zambia says open to dialogue with miners over tax increases

8th October 2018 Zambia's Finance Ministry said on Sunday that it was open to dialogue with mining companies over the government's plans to increase mining taxes. Africa's second-largest copper producer said late last month that it would introduce new mining duties and increase royalties to help bring down... 

Bolivia to pick new junior partner on lithium in coming weeks – official

8th October 2018 Bolivia will choose a new junior partner in the coming weeks to help industrialize its lithium deposits from among seven companies that submitted proposals, including the German firm ACI Systems, according to a government official. The other offers to work with Bolivia to tap two lithium-rich... 

China's Belt Road plan seen lifting copper demand

8th October 2018 China's Belt and Road Initiative to boost trade and infrastructure in 64 countries is expected to help boost copper demand in those nations to 6.5-million tonnes a year by 2027, a conference was told on Friday. That's a 22% increase from 2017 and about 10% higher than if China had not launched... 

German court rules RWE may not yet clear ancient forest for mining

5th October 2018 German power company RWE is not permitted to clear an ancient forest for mining until a court reviews claims from an environmental group, a German court ruled on Friday. The utility giant has drawn heavy criticism from environmentalists over the planned clearing of the Hambach forest, located in... 

Kenya on course to develop nuclear energy, official says

5th October 2018 Kenya's ambition of having a nuclear power plant is still on course and it hopes to build its first such facility in the next 12 to 15 years, a senior Energy Ministry official said on Friday. Joseph Njoroge, principal secretary for electricity, told Reuters the East African nation plans to turn... 

Lynas shares jump on Malaysia review comments

5th October 2018 Shares in Australian rare earths miner Lynas Corp jumped 12% on Friday after Malaysia's prime minister downplayed the roles of two Lynas critics in an environmental review of its processing plant in the country. Concerns that Malaysia's newly elected government could close down Lynas'... 

Brazil authorities question Hydro move to halt Alunorte operations

5th October 2018 The Brazilian state of Para on Thursday said it was surprised when Norsk Hydro decided a day earlier to halt operations at Alunorte, the world's largest alumina refinery, and asked for a report explaining the decision. Brazilian regulators in February ordered Hydro to slash output by half at the... 

Ramaphosa says jobs plan will create 275,000 jobs a year

4th October 2018 South African President Cyril Ramaphosa said on Thursday that a gathering of top officials and business leaders had agreed on a package of measures that would create an additional 275 000 jobs a year. Under pressure after the economy slipped into recession this year, Ramaphosa said the measures... 

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