R/€ = 16.41 Change: -0.03
R/$ = 14.51 Change: -0.03
Au 1316.32 $/oz Change: 3.96
Pt 848.99 $/oz Change: -16.75


Guinea risks 'conflict and confusion' with mining eviction policy

22nd March 2019 Civil society groups rejected Guinea's first policy seeking to protect people displaced by mines and dams on Thursday, saying it would worsen poverty and conflict in the mineral-rich nation. Seven human rights and development organisations asked the government not to adopt the proposed national... 

Boeing makes safety change, Indonesian airline cancels order

22nd March 2019 Indonesian airline Garuda said on Friday it would cancel a $6-billion order for Boeing 737 MAX jets, citing concerns over passenger confidence, as Boeing tried to quell safety worries by making a previously optional cockpit warning light compulsory. National carrier Garuda is the first airline to... 

Glencore suspends Australian zinc mine as cyclone nears

22nd March 2019 Commodity giant Glencore on Friday said it had suspended operations at its McArthur River zinc mine in northern Australia as a cyclone approaches. Authorities have declared a state of emergency in the region as Tropical Cyclone Trevor nears, with the nation's weather bureau on Friday saying the... 

Paulson says will not support Newmont takeover bid for Goldcorp

22nd March 2019 Paulson & Co Inc will not support Newmont Mining's planned $10-billion takeover of rival Goldcorp Inc as the premium offered is unjustified, the investor said in a letter on Thursday. The transaction is dilutive to Newmont shareholders and only Goldcorp shareholders would benefit from the deal's... 

Miner Vale quashed dam safety audit efforts before Brazil disaster -prosecutor

21st March 2019 Executives at Vale SA , the world's largest iron ore miner, quashed efforts by Brazilian authorities to audit one of the company's mining dams months before it collapsed and killed over 300 people, a state prosecutor was quoted as saying by news website G1 on Wednesday. William Garcia, a... 

Vale halts operations at another mine in Minas after test

21st March 2019 Brazilian mining company Vale SA said on Wednesday it halted operations at its Alegria iron ore mine in Minas Gerais state after a "stress test" in the structures failed to guarantee stability. Vale said the results of the test were "inconclusive," so it decided to suspend operations while it... 

US sanctions Venezuela gold mining company for backing Maduro

20th March 2019 The United States imposed sanctions on Tuesday against Venezuela's State-run gold mining company Minerven and its president, Adrian Perdomo, accusing them of illicit operations and propping up the government of President Nicolas Maduro. The announcement comes days after Uganda said it was... 

South Africa's FDI inflows reach five-year high in 2018

20th March 2019 South Africa's foreign direct investment (FDI) inflows rose to a five-year high of R70.7-billion in 2018 from R26.8-billion the prior year, the central bank said on Wednesday, despite outflows in the final quarter of last year. The 2018 FDI inflows were the highest since 2013, when the country... 

KGHM extends negotiations with union at Chilean copper mine

20th March 2019 Miner KGHM will extend negotiations with a union at its Chilean copper mine Sierra Gorda, averting a strike, a union representative said on Tuesday. The company had until the end of Tuesday to request government mediation to help reach a deal with the union of 520 workers. 

SARB likely to hold rates on March 28

20th March 2019 The South African Reserve Bank (SARB) is expected to leave interest rates unchanged next week, and with a weak currency threatening to stoke inflation, it probably won't cut rates this year, a Reuters poll showed on Wednesday. Inflation in Africa's most industrialized economy is currently below... 

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