R/€ = 14.72 Change: 0.00
R/$ = 11.98 Change: 0.00
Au 1314.11 $/oz Change: -3.86
Pt 948.00 $/oz Change: -8.60


Lundin Gold eyes growth after mine in Ecuador built

5th March 2018 Lundin Gold has a hearty appetite for growth even as the Canadian miner focuses on building its first mine in Ecuador on time and budget, CEO Ron Hochstein said on Sunday. “We want to grow to be an at least one-million-ounce-a-year producer with three to four operations,” Hochstein said in an... 

Workers at Cajamarquilla zinc smelter in Peru start strike – union

5th March 2018 Workers at the Cajamarquilla zinc smelter in Peru, controlled by Brazilian miner Nexa Resources SA', started an indefinite strike on Monday to demand a wage increase and better benefits, a union leader said. The strike started at 12:30 GMT and has affected production at the smelter, said the... 

Trump ratchets up pressure on Canada, Mexico over trade

5th March 2018 US President Donald Trump increased pressure on Canada and Mexico over trade on Monday, saying the two could avoid being caught in his planned hefty tariffs on steel and aluminium imports if they ceded ground to Washington in talks on a new NAFTA trade deal. Trump also said, after a weekend of... 

Tiger Brands CEO says no link between listeria deaths and firm's products

5th March 2018 The chief executive of Tiger Brands said on Monday there was no direct link between the deaths of more than 180 people who tested positive for listeria and its processed cold meat products. Lawrence McDougall also told a news conference the company had not yet worked out the financial impact of... 

Indonesian President wants to wrap up talks over purchase of Freeport unit by end-April

5th March 2018 Indonesia's President Joko Widodo has instructed his administration to complete negotiations over the purchase of a majority stake in Freeport-McMoRan's local unit by the end of April, a Cabinet Minister said on Monday. "According to the President, it should be wrapped up before the end of April,... 

South Africa's growth forecasts likely to be increased – Nene

5th March 2018 South Africa's economic growth forecasts will likely be revised upwards by the time the medium-term budget outlook is announced in October, Minister of Finance Nhlanhla Nene said on Monday. A rise in business confidence since President Cyril Ramaphosa succeeded scandal-plagued Jacob Zuma last... 

Celsius aims to bring Namibia's first cobalt mine to production by 2020

5th March 2018 Australia's Celsius Resources, which has made Namibia's first cobalt discovery, is aiming to start production from the remote mine in 2020, the company's managing director said. Cobalt is a key component in rechargeable lithium-ion batteries used in the surging electric car market but most of it... 

Zambia taps climate fund to battle worsening drought

5th March 2018 Zambian farmers facing more extreme weather are set to get better early warning and weather information to help them cope, as part of a new grant from the Green Climate Fund. In a funding round announced this week, the international climate fund approved $32 million toward a broader effort by the... 

Congo's Kabila to meet companies over mining code revision

5th March 2018 Democratic Republic of Congo President Joseph Kabila will meet mining company representatives on Tuesday to discuss a mining code revision awaiting his signature that would raise taxes and royalties, the mines minister said. The bill was adopted by parliament late in January but the industry has... 

China will cut 30Mt of steel, 150Mt of coal this year – NDRC

5th March 2018 China will cut steel capacity by 30-million tonnes and coal output by 150-million tonnes this year, its top economic planner said on Monday, putting the world's top metal and energy market on track to beat long-term targets. In a work report at the opening of the annual meeting of parliament, the... 


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