R/€ = 14.62 Change: -0.04
R/$ = 11.85 Change: 0.00
Au 1338.19 $/oz Change: 6.20
Pt 955.00 $/oz Change: -2.57


Australia hopeful of US tariff exemptions

9th March 2018 Australian Prime Minister Malcolm Turnbull said on Friday he is hopeful of securing an exemption from U.S. tariffs on steel and aluminium after sustained lobby effort by his government. US President Donald Trump on Thursday imposed a 25% tariff on steel imports and 10% for aluminium on Thursday. 

Lawmakers urge mines ministry to be vigilant on Gupta-owned mines

8th March 2018 The Portfolio Committee on Mineral Resources on Thursday called on the Department of Mineral Resources (DMR) to be vigilant of the mines owned by Tegeta Exploration and Resources in order to prevent a situation that occurred at Aurora Empowerment Systems seven years ago. At Aurora, directors... 

Parties in Nornickel dispute allow share sale, but deal could be unwound – lawyer

8th March 2018 Russian billionaires Vladimir Potanin and Roman Abramovich and aluminium producer Rusal have agreed to allow the sale by Abramovich of a 4% stake in mining giant Norilsk Nickel on a pro rata basis to Potanin and Rusal, a lawyer for Rusal said on Thursday. The three sides of the dispute reached... 

Swedish court rules in favour of Boliden in Chile waste export case

8th March 2018 A Swedish court ruled in favour of mining company Boliden in a civil case on Thursday, where the company had been sued over the export of industrial waste to Chile in the 1980s. In the case between Boliden and around 800 people in the Chilean city of Arica, Boliden had been sued for around... 

Mantashe urges speedy resolution on Optimum mine

8th March 2018 Mineral Resources Minister Gwede Mantashe said on Thursday in remarks to the eNCA news channel that the business rescue process being undertaken at the troubled Optimum coal mine had to be done with "speed." Optimum Coal mine, which has faced a strike by its workers over unpaid salaries, sought... 

Africa should avoid forfeiting sovereignty to China over loans – Tillerson

8th March 2018 US Secretary of State Rex Tillerson said on Thursday that African countries should weigh Chinese loans carefully, while adding that Washington was not trying to keep Chinese investment away from the continent. Tillerson, a former Exxon chief executive, is seeking to bolster security alliances on... 

China's Hebei aims to cut iron, steel making capacity by 20Mt in 2018

8th March 2018 China's top steelmaking province of Hebei will aim to slash iron and steel making production capacity by more than 10-million tonnes each and shut down all "zombie" mills this year, the province's vice governor said on Thursday. Yuan Tongli, speaking on the sidelines of China's parliament, said... 

Famous Brands flags up to $34m in FY impairment

8th March 2018 South African fast-food chain owner Famous Brands said on Thursday that annual earnings would be hit by impairment charges amounting up to R400-million ($33.7-million) on its Gourmet Burger Kitchen (GBK) business. As a result, Famous Brands expects earnings per share to decrease by more than 20... 

Congo's Kabila to sign new mining code soon after meeting with miners

8th March 2018 Democratic Republic of Congo President Joseph Kabila will soon sign into law a new mining code, the government and the country's mining companies said on Wednesday. The code has been vigorously opposed by the miners. The announcement followed a nearly six-hour meeting between Kabila and mining... 

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... 


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