R/€ = 16.77 Change: 0.05
R/$ = 14.24 Change: 0.08
Au 1201.40 $/oz Change: -6.82
Pt 830.00 $/oz Change: -6.99


Severe drought halts production at second K+S site in Germany

11th September 2018 An ongoing severe drought in Germany has prompted minerals miner K+S on Tuesday to shut down production at a second site at its Werra mine network in central Germany. K+S shut down production at its Wintershall site two weeks ago and has now temporarily halted output at is Hattorf site, as... 

South African business confidence slips in Q3 – survey

11th September 2018 South African business confidence fell marginally in the third quarter, a survey showed on Tuesday, after the economy slipped into recession and hopes faded for a revival under President Cyril Ramaphosa. The Rand Merchant Bank (RMB) business confidence index compiled by the Bureau for Economic... 

Glencore-led Australian coal port wins court nod on $3.2 bln debt refinancing

11th September 2018 Australia's Wiggins Island Coal Export Terminal obtained court approval on Tuesday for a $3.2-billion debt refinancing plan, offering respite to its owners who would have had to start repayments this month. The Queensland-based terminal, known as WICET, is 40% owned by miner and commodities... 

Norway survey reveals seabed sulphide mineral deposits

11th September 2018 Norway's Petroleum Directorate has identified previously unknown deep sea sulphide mineral deposits, which may include metals such as copper, zinc, cobalt, nickel, vanadium, wolfram and silver, it said on Tuesday. The minerals were discovered in the western part of the Norwegian Sea at ocean... 

Tahoe aims to work 'in good faith' to restart Guatemala mine

10th September 2018 Tahoe Resources will work closely with Guatemalan officials and locals to resolve a dispute and resume operations at its flagship Escobal silver mine, one of the world's largest, CEO Jim Voorhees said on Monday. Guatemala's Constitutional Court last week upheld the suspension of licenses at... 

Govt to accelerate licensing of new radio spectrum – Ramaphosa

10th September 2018 President Cyril Ramaphosa said on Monday that the government will accelerate the long-delayed licensing of radio frequency spectrum to mobile operators. Allocation of spectrum is seen as key to expanding broadband services in Africa's most industrialized economy, where the high cost of... 

MTN CEO confident about Nigeria dispute as firm applies for injunction

10th September 2018 Telecoms firm MTN Group said on Monday it was confident a multi-billion dollar dispute with the Nigerian government would be resolved even as it applied for a court injunction to protect its Nigerian assets. Nigeria's central bank last month ordered MTN's Lagos-based unit to hand over... 

Potanin returns 2% in Norilsk Nickel to Abramovich -sources

10th September 2018 Russian billionaire Vladimir Potanin has returned a 2% stake in Norilsk Nickel to Roman Abramovich and his partners, according to a source in a holding which manages Potanin's assets and a source familiar with the matter. The original sale of the stake was disputed in a London court by aluminium... 

Congo mining revenues triple in H1; oil revenues fall by a third

10th September 2018 Democratic Republic of Congo's revenues from its mining sector nearly tripled in the first half of 2018 over the same period last year to $864.61-million, the finance ministry said. Revenues from the hydrocarbons sector, however, declined by a third to $67.75-million, the ministry said in a... 

Rushydro says sanctions cloud prospects for joining Rusal's smelter

10th September 2018 Plans by Russia's power company Rushydro to join a new aluminium smelter project that Rusal wants to build in Siberia, have been complicated by international sanctions, Rushydro's head Nikolai Shulginov said on Monday. Rusal, ranked the world's No.2 aluminium producer after China's Hongqiao,... 


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