R/€ = 14.90 Change: -0.06
R/$ = 12.17 Change: -0.04
Au 1331.72 $/oz Change: -4.73
Pt 1012.50 $/oz Change: -0.51


Port Hedland may clear ships as storm builds off Australia - port authority

10th January 2018 essels may be cleared from Australia's Port Hedland, the world's biggest iron ore export terminal, as early as Thursday as a safety precaution because of a tropical storm, port manager Pilbara Ports Authority said on Wednesday. The authority said Port Hedland may commence the clearing of vessels... 

Zuma setting up commission to look into allegations of State corruption

10th January 2018 President Jacob Zuma said on Tuesday he will set up a commission of inquiry into allegations of influence-peddling, after a 2016 anti-graft report called for a judge to investigate any corruption in his government. Zuma was ordered to establish the inquiry within 30 days of a High Court ruling... 

US producers seek to block Chinese aluminium shipped via Vietnam

10th January 2018 US aluminium products makers sought new trade protections against Chinese imports on Tuesday, accusing China Zhongwang Holdings Ltd and its affiliates of evading US anti-dumping and anti-subsidy duties by shipping aluminium products through Vietnam. In a filing with the US Commerce Department,... 

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... 


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