R/€ = 16.21 Change: -0.01
R/$ = 14.33 Change: -0.02
Au 1319.31 $/oz Change: 2.58
Pt 853.02 $/oz Change: 2.80


Transnet in talks with Kenya for deal to operate Lamu port

25th March 2019 Kenya is in talks with Transnet of South Africa to operate a seaport that the East African nation is developing to partly use for planned exports of oil. The state-owned South African logistics company is leading a group of companies that are pitching to provide the equipment for the initial... 

Mboweni questions need to hold onto State assets

25th March 2019 Finance Minister Tito Mboweni said a discussion must begin on whether the government needs to retain control of all the assets it owns given the poor state of the national finances. Mboweni has asked Public Enterprises Minister Pravin Gordhan for a list of noncore State assets and has been... 

VanEck shares Paulson's concerns on Newmont-Goldcorp merger

25th March 2019 Paulson & Co isn’t the only Newmont Mining shareholder that’s expressing concerns over the terms of the gold miner’s $10-billion purchase of Goldcorp. “I think Paulson has a valid point,” said Joe Foster, a portfolio manager at VanEck – one of the biggest Newmont shareholders. When the deal was... 

US coal miners are shoveling more money than ever at investors

25th March 2019 It’s not a great time to be a coal miner, but there’s never been a better time for their shareholders. US coal companies returned almost $3.7-billion in dividends and buybacks to shareholders in the 12 months through September, and S&P Global Ratings expects more of the same this year. That’s... 

Tanzania to start talks for $30bn LNG project in April

22nd March 2019 Tanzania plans to negotiate terms for developing a $30 billion liquefied natural gas project with companies between April and September, the Energy Ministry said. The talks are aimed at reaching a so-called Host Government Agreement, the pact that governs the rights and obligations of parties... 

Palladium rally is seen fading this year

22nd March 2019 Palladium has been one of the hottest commodities for a while now, but analysts think this year may be the time to book profits. Prices have rallied to fresh records on tighter supplies of the material mainly used in gasoline vehicle autocatalysts. But analysts surveyed by Bloomberg see the metal... 

Life-saving drones deliver medicine to Tanzania’s remotest spots

22nd March 2019 Blood and medicine-filled drones swoop over Lake Victoria, bringing vital care to some of Tanzania’s most remote places. That’s the goal of the state-owned Commission for Science and Technology, or Costech, which since late 2017 has carried out dozens of drone flights in collaboration with... 

Auto industry disruption is here, with shake-up starting in Geneva

22nd March 2019 The great auto-industry shakeout has started to arrive in force. Anyone paying attention knows change is looming for global automakers grappling with new technologies, stricter emissions standards and apps that have turned car buyers into renters or just riders. 

Lithium miner says market fears waning as funding hunt resumes

21st March 2019 After hitting heavy resistance last year in its search to raise capital, junior miner Bacanora Lithium Plc believes the time is right to resume its hunt. In July, the London-based company pulled a $100-million share sale designed to finance construction of Mexico’s first lithium mine. Now... 

Brics Bank to lend Eskom up to $780m

20th March 2019 The New Development Bank (NDB) plans to lend as much as $780-million to Eskom for infrastructure projects this year as the ailing power utility battles to keep power supply steady. Eskom, which on Wednesday entered a seventh day of controlled power cuts, is contending with operational and... 

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