R/€ = 16.86 Change: 0.03
R/$ = 14.35 Change: 0.03
Au 1199.84 $/oz Change: 1.40
Pt 829.50 $/oz Change: 1.09


Barrick Gold to buy Randgold Resources in $18.3bn deal

24th September 2018 Canada's Barrick Gold has agreed to buy Randgold Resources in a $18.3-billion share deal to create the world's largest gold company in an industry under investor pressure to put capital to good use. The new Barrick company, which will be listed in New York and Toronto, will own five of the... 

Kalgoorlie nickel smelter shut after fire

24th September 2018 HP Billiton said on Monday its Kalgoorlie nickel smelter has been closed after a fire that broke out over the weekend and the plant will remain shut while it assesses the damage. The fire had been put out, there were no injuries and efforts would focus on returning the plant to normal... 

US private equity firm launches Coronado Coal IPO in Australia

24th September 2018 US private equity firm Energy and Minerals Group (EMG) on Monday kicked off its planned float of Coronado Coal Group in Australia, seeking to raise up to A$1.3-billion for 30% of the group. The float will give the company an enterprise value of up to A$4.4-billion, making it the biggest coal... 

Rare earth miner Lynas to face review in Malaysia - media

24th September 2018 Australia-listed rare earths miner Lynas Corp said on Monday that reports an opponent of its refinery in Malaysia will head a government review of the plant "raise concerns", as its shares lost nearly a quarter of their value. Lynas is the only major miner outside China of the metallic elements,... 

US backs protecting Yellowstone’s northern gateway from mining

23rd September 2018 New mining claims should be banned for 20 years on more than 30 000 acres north of Yellowstone National Park to preserve scenery, wildlife habitat, waterways and outdoor recreation that fuels tourism in nearby Montana towns, the US Forest Service said Friday. The recommendation to withdraw 30... 

Paulson launches alliance to seek better returns in gold sector

21st September 2018 Long-time gold bull John Paulson followed through on Friday on a pledge made last year to team up with other gold investors in an effort to work with management of companies in the gold sector to improve returns, according to the group, called the Shareholders Gold Council. The coalition,... 

Mongolian court says copper mine nationalisation broke laws

21st September 2018 The Mongolian government broke laws during a controversial attempt to seize full control over the Erdenet copper mine, a local court said on Thursday, the latest ruling in a long-running ownership dispute over one of Asia's biggest deposits. The Mongolian Copper Corporation (MCC) has been... 

Potential buyer ditches plan to acquire Bidcorp's UK logistics business

21st September 2018 International food distributor Bid Corporation Ltd (Bidcorp) said on Friday the prospective buyer for its UK logistics business is no longer interested in buying it, citing internal reasons. In August the South African company said is was finalising an agreement to sell that business to an... 

Chinese petcoke buyers turning to Russia, Mideast after US tariffs

21st September 2018 Chinese importers of petroleum coke are buying more volumes from Russia and the Middle East due to a hefty tariff on shipments from the United States, previously one of China's main sources of the material used in aluminium and cement production. China slapped a 25% tariff on US petroleum coke,... 

NUM signs wage deal with AngloGold

21st September 2018 South Africa's National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week. The agreement will mean an effective pay hike of over 12% for entry-level underground... 

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