R/€ = 15.76 Change: 0.13
R/$ = 13.92 Change: 0.09
Au 1333.24 $/oz Change: -8.54
Pt 819.17 $/oz Change: -2.08


Vale evacuates 200 people near Brazilian dam on fears of instability

18th February 2019 Around 200 residents were evacuated from an area near a tailings dam in Brazil operated by Vale late on Saturday, amid fears that it was structurally weak and could burst like a similar barrier failure last month that killed 300 people. Vale said in a statement that it had evacuated people... 

Trust in tailings? Vale dam disaster spurs investors into action

15th February 2019 Seeking assurances from Brazilian miner Vale by phone after a second deadly dam disaster in three years is not enough for Sasja Beslik. He plans to fly there himself to get answers. Beslik, head of sustainable finance at Swedish bank Nordea, blocked the bank's investment managers from buying any... 

Miner Vale says fire to halt operations at Malaysia distribution center

15th February 2019 Brazilian miner Vale SA said a fire broke out on Friday in its distribution center in Malaysia, temporarily affecting shipments, according to a securities filing. Vale added that the fire caused "only material damages" and that operations are likely to resume in 10 to 15 days. 

Zimbabwe set to retrieve trapped illegal miners, more casualties expected

15th February 2019 Zimbabwean authorities are expected to start retrieving trapped illegal gold miners on Friday but none are expected to have survived flooding in the shafts and the number of casualties could be about 50, State media reported. The accident in Battlefields, 175 km (109 miles) west of Harare, has... 

Australian miner Fortescue says 2 driverless trucks involved in low-speed incident

15th February 2019 Australian iron-ore miner Fortescue said on Friday that one of its driverless trucks, travelling at low speed, ran into another that was parked at its remote Western Australian operations in an incident earlier this week. No-one was hurt or at risk of being injured in the Febuary 11 incident,... 

Tin use in batteries may rise to 60 000 t by 2030 – industry group

15th February 2019 Tin could see a surge of new demand from lithium-ion batteries for electric vehicles and energy storage of up to 60 000 t a year by 2030, the International Tin Association (ITA) said on Thursday. Investors have been excited about the prospects for increased consumption of other metals, such as... 

Gold Fields FY profit slumps as production drops

15th February 2019 South Africa's Gold Fields Ltd said on Friday its full-year profit slumped 73%, dented by a decline in bullion production led by its South Deep operations. Headline earnings per share (HEPS) fell to $0.07 per share, for the full year ended Dec. 31, 2018, from $0.26 in the previous year. 

Vast Resources set to mine Zimbabwe diamond territory – Minister

14th February 2019 London-listed miner Vast Resources is to be allowed into Zimbabwe's diamond fields, Mining Minister Winston Chitando said on Thursday, joining other new entrants including Russia's Alrosa. Zimbabwe is stepping up efforts to exploit its mineral resources to revive a moribund economy sapped by high... 

At least 23 illegal Zimbabwean gold miners feared dead after shafts flooded

14th February 2019 At least 23 illegal miners are trapped and feared dead in Zimbabwe after shafts and underground tunnels they were working in were flooded by water from a burst dam, a state-owned daily newspaper reported on Thursday. The southern African nation has been working to regulate thousands of people who... 

Australia's Queensland Rail says expects to repair flooded track within 6 months

14th February 2019 Australia's Queensland Rail said on Thursday that it expects a rail track hit by flooding this month that has disrupted zinc shipments from major producers like Glencore to be repaired within the next six months. The 1 000 km (620 mile) rail line is used by miners including Glencore, MMG Ltd and... 


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