R/€ = 16.98 Change: -0.04
R/$ = 16.64 Change: -0.02
Au 1785.86 $/oz Change: 8.61
Pt 942.57 $/oz Change: 8.07


Copper dips but interest rate hopes support

By: Reuters     8th August 2022 Copper prices eased on Monday but were supported by rising imports of the industrial metal by top consumer China and by hopes that interest rates will peak soon after rapid increases aimed at curbing inflation. Benchmark copper CMCU3 on the London Metal Exchange (LME) traded down 0.2% at $7 850... 

Rio Tinto attracts several proposals to build 4 GW of wind, solar power

By: Reuters     5th August 2022 Global miner Rio Tinto has received several offers to build 4 GW of wind and solar farms to power its alumina and aluminium operations in Australia's Queensland state, the company's Australia head said on Friday. Rio Tinto CEO Australia Kellie Parker said the company, the country's biggest... 

Core appoints CEO

By: Esmarie Iannucci     5th August 2022 Lithium developer Core Lithium has appointed Gareth Manderson as the company’s CEO, succeeding Stephen Biggins, who announces his resignation as MD in March this year. Manderson, who has 28 years experience in the mining and minerals sector, was most recently the GM of sustaining capital with... 

New records set for Aus resource exports

By: Esmarie Iannucci     5th August 2022 New trade data from the Australian Bureau of Statistics (ABS) has shown that Australia’s resources sector had posted another record year of exports, with total resources and energy exports were worth a record A$414-billion, in seasonally adjusted terms, in the 2021-22 financial year. This meant... 

Hulamin appoints interim CEO as Richard Jacob announces retirement

By: Donna Slater     4th August 2022 JSE-listed aluminium semi-fabricator Hulamin reports that CEO Richard Jacob will retire on September 30, having served the company for 32 years and leading as CEO for the past 12 years. Hulamin’s board thanked Jacob for his loyalty, commitment and leadership, wishing him well in his future... 

Ethiopian Airlines becomes first in Africa to order Airbus A350-1000 airliners

By: Rebecca Campbell     1st August 2022 Ethiopian Airlines, that country’s national flag carrier, has become the first African airline to order the Airbus A350-1000 airliner, the largest model in the new-generation Airbus A350XWB family. The airline did so by converting an existing order for four of the smaller A350-900s into an order... 

India wants to open up for lithium mining in batteries quest

By: Bloomberg     28th July 2022 India is seeking to change laws to allow private miners to extract lithium, the key ingredient for batteries used for electric vehicles and energy storage, as the nation aims to be more self-sufficient in green technologies. Prime Minister Narendra Modi’s government wants lawmakers’ approval for... 

Lower commodity prices hit Rio's bottom line

By: Esmarie Iannucci     27th July 2022 Mining major Rio Tinto has seen a 28% drop in profits after tax for the interim period of 2022, and a 26% fall in underlying earnings before interest, tax, depreciation and amortisation (Ebitda), when compared with the same period in the 2021 financial year. The miner on Wednesday reported a... 

Supplier leveraging industry experience to carve out market segment

By: Simone Liedtke     27th July 2022 Industrial equipment supplier Caslad is leveraging its industry experience and contacts to solidify themselves as a large player within the light industrial and materials handling market segment. Since the start of the Covid-19 pandemic, the company has seen a dramatic increase in sales through... 

South32 achieves record monthly output at its South African manganese operations

By: Marleny Arnoldi     25th July 2022 Diversified miner South32’s South African manganese operations produced 2.07-million tonnes of ore for the financial year ended June 30 – a similar level to that produced in the 2021 financial year. The company says it produced higher volumes of premium material from its openpit Mamatwan... 

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