R/€ = 15.74 Change: 0.14
R/$ = 13.89 Change: 0.11
Au 1334.29 $/oz Change: -7.49
Pt 819.42 $/oz Change: -1.83


Death toll rises to 58 as hope dims after Brazil dam collapse

28th January 2019 Brazilian rescuers searched into the night on Sunday for hundreds of people missing after a burst mining dam triggered a deadly mudslide, as the death toll rose to 58 and was expected to keep climbing more than two days after the disaster. Rescuers worked past sunset to search a bus thought to... 

Colombia extends Drummond contract on coal mine for 20 years

25th January 2019 Colombia has extended coal miner Drummond's license to operate its La Loma mine for an additional 20 years, the national mining agency said on Thursday. The contract at the mine, located in northeastern Cesar province, will generate at least $586-million in royalties, income and social project... 

Chile strikes deal with lithium miner Albemarle in contract dispute

25th January 2019 Chile State development agency Corfo said on Thursday it had reached a deal with the world's top lithium miner, Albemarle, to resolve a contract dispute and would not file a previously threatened arbitration lawsuit against the US-based producer. The spat centered around an amendment to the... 

Eskom should be split, experts to tell president – sources

24th January 2019 South Africa's Eskom could be split into three separate firms under proposals from experts President Cyril Ramaphosa has hired to help revive the ailing state power company, two sources familiar with the matter told Reuters. Reforming Eskom is vital to get Africa's most industrialised economy... 

Russia's Alrosa, Chinese-owned Anjin to mine Zimbabwe diamonds – report

24th January 2019 Russian diamond giant Alrosa and Chinese-owned Anjin are the two foreign companies chosen by Zimbabwe's government to partner the state-diamond firm in exploring and mining diamonds, a state-run newspaper reported on Thursday. The southern African nation announced in December that it would allow... 

US copper projects gain steam thanks to electric vehicle trend

24th January 2019 Once seen as a laggard in the global mining industry, US copper deposits have quietly drawn more than $1.1-billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal. Four US copper projects are set to open by next year - the... 

Alrosa says sales down in January - Interfax

23rd January 2019 Sales by Russia's Alrosa, the world's largest producer of rough diamonds in carat terms, are lower than a year ago so far in January, its CEO was quoted as saying by Interfax news agency on Wednesday. Alrosa competes with Anglo American's De Beers, the biggest seller of rough diamonds by value. 

First Quantum Minerals scraps plan to cut jobs in Zambia

23rd January 2019 Canadian mining firm First Quantum Minerals says it has ended plans to layoff 2 500 workers in Zambia due to higher tax plans and will continue to dialogue with the government over the issue. "First Quantum will not now proceed with the planned lay-off of any Zambians involved in its production... 

Supervisers at Codelco mine in Chile reject labor offer, strike looms

22nd January 2019 The union of supervisors at state miner Codelco's Gabriela Mistral mine in northern Chile has rejected the company's final offer for a new collective labor agreement, raising the specter of a strike in the coming days, the union president told Reuters on Tuesday. The union said Codelco, the... 

AMCU threatens to extend strike at Sibanye-Stillwater's platinum mine

22nd January 2019 Association of Mineworkers and Construction Union (AMCU) will extend a one-day strike at Sibanye-Stillwater's platinum mine if the firm does not return to the negotiating table, its president said on Tuesday. Joseph Mathunjwa made the remarks outside South Africa's Mineral Council in... 


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