R/€ = 15.81 Change: 0.08
R/$ = 13.93 Change: 0.07
Au 1335.36 $/oz Change: -6.42
Pt 822.12 $/oz Change: 0.87


Australia miner Independence says in talks with potential buyers of battery chemicals

6th February 2019 Independence Group, an Australian miner looking to move into making chemicals used in electric vehicle batteries, on Wednesday said it was in talks with a range of potential buyers of those products. The mid-tier miner trialled production of battery chemical nickel sulphate in December and... 

Glencore says heavy rain disrupts operations at two Australian coal mines

6th February 2019 Global trader Glencore said on Wednesday that production at two of its Australian coal operations has been affected by heavy rain that has caused flooding in northern parts of Queensland state. "We have experienced short-term production impacts from heavy rain at our two most northerly coal... 

Sumitomo books $137m one-off losses on Ambatovy nickel project

6th February 2019 Japanese trading house Sumitomo Corp booked one-off losses of about 15-billion yen ($137-million) on the Ambatovy nickel/cobalt project in Madagascar in the October to December quarter and cut its nickel output estimate for the current year for the project. The losses include about 10-billion... 

Zambia receives bids for stake in State mining investment arm

5th February 2019 Zambia has received bids from Canada's First Quantum Minerals (FQM) and others for a 17% stake in state mining investment arm ZCCM-IH, the finance minister said on Tuesday. "There are multiple unsolicited offers on the table, including from FQM, which are based on preferential share conversions,"... 

South Africa to unveil Eskom support package in coming days – Ramaphosa

5th February 2019 South Africa will in the coming days unveil a package of measures to shore up State-owned Eskom's finances and address structural issues facing the struggling power firm, President Cyril Ramaphosa said on Tuesday. "In the coming few days we will be announcing a package of measures to stabilise as... 

Audit of burst Brazil dam found issues with drainage, monitoring - reports

5th February 2019 A report commissioned by Brazilian miner Vale SA last year to look into the stability of the tailings dam that ruptured January 25 certified it as sound but raised concerns over its drainage and monitoring systems, newspaper Folha de S. Paulo reported on Tuesday. The report by German-based TÜV... 

Centrica, Tokyo Gas sign deal to buy LNG from Mozambique

5th February 2019 British energy supplier Centrica and Tokyo Gas have agreed to jointly buy 2.6-million tonnes of liquefied natural gas (LNG) a year from Mozambique LNG Company, the firms said on Tuesday. Centrica LNG Company, a subsidiary of Centrica, and the Japanese energy company said the LNG would be... 

Zambia will enforce copper import tax – mining minister

5th February 2019 Zambia is determined to enforce a new 5 percent copper import duty, as part of a plan to keep a greater share of mineral resource profits for the country and tackle its debt, Mining Minister Richard Musukwa said. Musukwa was speaking on the sidelines of the Indaba mining conference in Cape Town,... 

Brazil court tells Vale to halt its largest Minas Gerais mine

4th February 2019 Vale said on Monday that a Brazilian state court has ordered it to stop using eight tailings dams in the wake of a disaster last month that likely killed more than 300 people, a step that will crimp nearly 9% of the company's annual iron ore output. The move is the first step by Brazilian... 

Brazil dam burst death toll rises

4th February 2019 The death toll from a dam burst in the Brazilian town of Brumadinho rose to 115 people on Friday, according to the team tasked with recovering bodies from the site. The rescue and recovery team said that 248 people were now listed as missing, a number that grew by ten after miner Vale, which... 


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