R/€ = 14.39 Change: 0.11
R/$ = 12.87 Change: 0.06
Au 1266.92 $/oz Change: -0.32
Pt 962.00 $/oz Change: 2.00


ISS recommends Arconic shareholders back two Elliott board nominees

15th May 2017 Proxy advisory firm Institutional Shareholder Services recommended on Monday that shareholders of specialty metals company Arconic Inc vote for two of activist investor Elliott's four board director nominees. The recommendation is a blow to Arconic, the $10-billion company that separated from... 

ArcelorMittal warns of legal action over Bosnia iron-ore mine sale

15th May 2017 ArcelorMittal, the world's largest steel producer, has warned Bosnia's authorities it is ready to take legal action to protect its ownership rights if a government-owned stake in the Ljubija iron-ore mine is sold to a rival bidder, the company said on Monday. ArcelorMittal owns a steel plant in... 

Chinalco proposes taking entire Guinea Simandou iron-ore mine

15th May 2017 Chinalco has asked Guinea to let it take over the whole of the troubled Simandou iron-ore mine project, sources familiar with the matter say, as Beijing pursues a global strategy to secure key resources for its vast economy for decades to come. Mired in legal disputes, located in Guinea's remote... 

Botswana proposes debt for equity deal for troubled BCL Mine

15th May 2017 Botswana's government has offered its State-owned BCL Mine to the Emirates Investment House (EIH) for a token price of $1 in a deal that will result in the Emirati firm taking over the mine's debts, minerals minister Sadique Kebonang said. Since being placed under provisional liquidation in... 

Altus exploration company aims to buck trend with London listing

15th May 2017 A British firm hunting for mineral resources in Africa is hoping to be the first venture of its kind to float on the London Stock Exchange since a deep commodity price crash wiped out the appetite for exploration risk. Even after the sector recovered in 2016, new mining listings have been sparse... 

Platinum misses out on clean air push for vehicles

15th May 2017 With London mayor Sadiq Khan and his Parisian counterpart Anne Hidalgo cracking down on vehicle emissions this spring in the global push for clean air, it should be a boom time for platinum which is used in catalytic converters. But it is not likely to translate into higher demand for the metal.... 

South Africa reviewing five shale gas exploration applications – official

15th May 2017 Recommendations for South Africa’s first shale gas exploration licences in the semi-arid Karoo basin will be finalised soon after environmental objections delayed the process, a senior government official said on Monday. Royal Dutch Shell, Falcon Oil and Gas and Bundu Gas & Oil are among five... 

ANC wants minister to reverse Eskom CEO decision – papers

15th May 2017 The African National Congress (ANC) wants the public enterprises minister to reverse her decision to re-appoint Eskom chief executive Brian Molefe five months after he was implicated in a report into corruption allegations, two Sunday newspapers reported. Minister Lynne Brown has been summoned to... 

Canadian miners among suitors for BHP's Chile copper mine – sources

13th May 2017 Canada's Teck Resources , Lundin Mining and HudBay Minerals are among a number of suitors that have submitted bids for BHP Billiton's Cerro Colorado copper mine, in Chile, people familiar with the matter said. The Anglo-Australian miner expects the asset to fetch as much as $800-million, the... 

Guinea town's unrest a cautionary tale for African mining

12th May 2017 When the frustration of youths in this Guinean mining town finally erupted, they looted shops, pillaged government buildings and smashed up dozens of vehicles, dispersing only when police opened fire. "It was an immense crowd," said Lieutenant Souare Abdoul, a fireman who had to shelter in a... 


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