R/€ = 16.85 Change: -0.02
R/$ = 14.30 Change: -0.01
Au 1208.91 $/oz Change: 6.26
Pt 836.50 $/oz Change: 12.25


BHP seeks approval for $50m US pact over fatal Brazil dam burst

20th September 2018 BHP Billiton has asked a US judge to approve a $50-million settlement of claims that it fraudulently inflated its share price by overstating its ability to manage safety risks before a fatal 2015 dam burst at a Brazilian mine. The Anglo-Australian mining company's preliminary settlement of... 

Deep sea robots reveal mineral riches in the abyss

20th September 2018 From the safety of their research vessel, scientists are exploring one of Earth's last frontiers - the sea floor - to discover more about valuable minerals vital in the manufacture of smartphones. The scientists, from the University of Bergen in Norway, are sending robots 2 500 m down into the... 

China's iron-ore demand to remain flat as scrap steel use rises

20th September 2018 China's iron-ore demand is expected to stay flat, said an official from Baoshan Iron & Steel Co, the country's biggest listed steelmaker, as Beijing's stricter environmental rules boost the use of scrap steel. China's growing stockpiles of scrap steel should also increase its use in steelmaking... 

Cabinet approves new Mining Charter

20th September 2018 The South African Cabinet has approved the latest version of the long-delayed mining charter which lay outs requirements for black ownership levels and other targets, a cabinet minister said on Thursday. Communications Minister Nomvula Mokonyane told reporters that more details about the charter... 

Vale says it could expand Brazil iron-ore mine as Chinese demand grows

20th September 2018 Mining giant Vale is looking at expanding its flagship iron ore project in Brazil amid growing Chinese appetite for higher-grade varieties of the commodity, a company official said on Thursday. China, the world's top consumer of the steelmaking ingredient, has ramped up buying of higher-quality,... 

With copper options, China steps up challenge to London, New York rivals

20th September 2018 The Shanghai Futures Exchange (ShFE) will launch copper options trading on Friday, aiming to take a slice of a $270 billion global market in one of its biggest challenges yet to London and New York rivals. The product, which follows the launch of sugar and soymeal options last year, comes as... 

Central Asia Metals hunts for acquisitions

19th September 2018 Base metals producer Central Asia Metals (CAML) on Wednesday reported a more than doubling in first-half revenue and profits following the acquisition of a mine in Macedonia and said it was actively looking for new opportunities to expand. Aim-listed CAML bought the Sasa zinc and lead mine in... 

Poland's JSW seeks Ministry approval to buy Prairie Mining assets - CEO

19th September 2018 Poland's State-run JSW is awaiting approval from the Energy Ministry in its bid to acquire the Polish mining assets of Australia's Prairie Mining, JSW said on Wednesday. Prairie Mining has been developing coking coal projects at the Jan Karski mine in southeast Poland and the Debiensko mine in... 

Japan's Marubeni to halve coal-fired power capacity by 2030

18th September 2018 Japan’s Marubeni Corp said it would no longer start new coal-fired power plant projects and will halve its net coal power generating capacity of about 3 GW by 2030 to cut greenhouse-gas emissions and tackle global climate change. “As a general principle, Marubeni will no longer enter into any new... 

Sibanye, Lonmin still committed to merger after competition watchdog decision

18th September 2018 Precious metals producer Sibanye-Stillwater said on Tuesday it remained fully committed to a takeover of platinum miner Lonmin after South Africa's competition watchdog imposed conditions on the deal. On Monday, the competition watchdog gave the green light to the all-share transaction as it did... 

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