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


New Chile govt undecided on blocking SQM sale to China firms – official

16th March 2018 Chile's new government is evaluating whether to support a petition filed by its predecessor to block the sale of a stake in top lithium miner SQM to a Chinese firm, a senior government official told Reuters on Friday. Chile development agency Corfo filed a complaint last week to block the sale... 

Poland's KGHM targets rise in Chilean copper ore output

16th March 2018 Polish copper producer KGHM said it expects daily copper ore output at its Chilean mine Sierra Gorda to increase by 18% next year from current levels. State-run KGHM acquired Chilean and Canadian copper deposits in 2011 when it bought Canada's Quadra FNX for $2-billion, the largest ever foreign... 

Deadly listeria could herald tighter food safety rules in South Africa

16th March 2018 A huge and deadly outbreak of listeria in South Africa could alter the country's approach to food-borne disease and prompt improvements in food safety standards, a leading health official said on Friday. The World Health Organization's (WHO's)top specialist on global food safety likened the South... 

Norsk Hydro CEO says securing alumina to replace Alunorte output is priority

16th March 2018 Norsk Hydro Asa sees securing alternative sources of alumina to replace reduced supplies at its Brazilian plant as a priority, CE Svein Richard Brandtzaeg told Reuters. Brazilian authorities ordered Norsk Hydro's Alunorte plant, the world's largest alumina plant, to cut output by half in late... 

Russian diamond company Alrosa posts 28% profit fall

16th March 2018 Russian diamond producer Alrosa suffered a sharp fall in core profit last year, hit by lower prices for its gems. The world's largest producer of rough diamonds said that earnings before interest, taxation, depreciation and amortisation (Ebtida) fell 28% to 126.9-billion roubles, broadly meeting... 

Venezuela gold reserve value falls 14% in 2017

16th March 2018 Gold held by Venezuela's central bank fell 14% in value in 2017 compared with the previous year, according to the bank's financial statement. Gold represents just under 70% of the bank's international reserves, which at the end of 2017 totaled $9.67-billion. 

Glencore, Randgold mines quit Congolese industry body ahead of govt talks

16th March 2018 Mines run by Glencore, Randgold Resources and three other international companies have quit the Democratic Republic of Congo's chamber of commerce, saying the industry body does not adequately represent their interests after the introduction of a new mining law. The miners said in a joint... 

Russian billionaire Potanin buys 2% of Nornickel from Abramovich

15th March 2018 Russian billionaire Vladimir Potanin's Interros Holding said it had completed the purchase from businessman Roman Abramovich of a 2% stake in Norilsk Nickel, which has been the subject of a legal battle. Abramovich struck a provisional deal last week that allowed him to sell a 4% stake in... 

Russian-Zimbabwean firm to invest $400m in Zimbabwe platinum

15th March 2018 Great Dyke Investments (GDI) said on Thursday it would invest around $400-million to build a precious metals mine and smelter in Zimbabwe, as the country opens up to international business. The joint venture between Russia's Afromet and Zimbabwe's Pen East expects to produce up to 855 000 oz (27... 

Zimbabwe's coal output set to quadruple as investors arrive

15th March 2018 Zimbabwe has attracted around $300-million in its coal industry that will quadruple production next year versus 2017, its Mining Minister told an investment conference in London on Thursday. The country, which says its abundant mineral resources include more than 40 exploitable minerals, is... 

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