R/€ = 14.16 Change: -14.02
R/$ = 13.03 Change: -12.90
Au 1277.43 $/oz Change: 2.26
Pt 965.00 $/oz Change: 5.00


Japan steel industry head says concerned at Trump 'protectionism'

24th April 2017 Japanese steelmakers are concerned at "protectionism" by US President Donald Trump, Japan Iron and Steel Federation chairperson Kosei Shindo said on Monday, following Trump's first shot across China's bows over steel exports. Japan is the world's second-largest steel producer, although Shindo... 

Japan steelmakers scramble for coking coal to make up Debbie losses

24th April 2017 Japanese steelmakers have bought coking coal from the US, Canada and China to replace supply lost after a cyclone closed rail links in Australia, their biggest supplier, industry and trader sources said. Still, the Japanese buyers are paying nearly double the $150/t price that they were... 

Freeport collects export permit after Pence visit

23rd April 2017 Freeport McMoRan collected a permit to resume copper exports from Indonesia on Friday after a hiatus of more than three months, hours after a state visit by US Vice President Mike Pence, who discussed the copper miner's dispute with Jakarta. Indonesia's Trade Ministry issued Freeport with a... 

Chamberlain chosen as LME chief with mandate to reform

22nd April 2017 Matt Chamberlain was named London Metal Exchange (LME) chief executive on Friday, with a mandate from its owner the Hong Kong bourse to reform the world's largest and oldest metals market. Chamberlain, 35, had been acting CEO since January, when a combination of falling trading volumes and a... 

Argentina mulls $500m safety plan for Barrick's Veladero mine

22nd April 2017 Barrick Gold and its new Chinese partner presented a $500-million plan on Friday to make safety and environmental improvements to the Veladero gold mine, in Argentina, after a third cyanide spill in 18 months, a company executive said. Argentina told Barrick earlier this month it had to overhaul... 

South Africa's Sibanye declares war on illegal gold miners

21st April 2017 Illegal gold mining has plagued South Africa's mining companies for decades, robbing the industry and state coffers of billions of rand through smalltime pilfering as well as networks run by organised crime. Now, with unmined output dwindling and proving more diff cult to extract, one firm has... 

Diamond miners have India in sight with Real is Rare slogan

21st April 2017 The world's top diamond producers will try to spur demand in India with the launch of their "Real is Rare" slogan in September, after the withdrawal of high-value bank notes dented the world's third biggest diamond market. The marketing slogan was launched in the United States in 2016 by the... 

Tin industry to begin reporting on supply chain standards – ITRI

21st April 2017 Major tin producers have agreed to begin reporting on compliance with a new code of conduct starting from third-quarter 2017, an industry body said, seeking to boost supply chain credentials ahead of new European rules on responsible sourcing of ore. Ten producers have signed up to the code,... 

Pence discusses barriers to US companies with Indonesian President

21st April 2017 US Vice President Mike Pence said on Friday he discussed with Indonesian President Joko Widodo barriers to US companies operating in Southeast Asia's largest economy. Pence arrived in Jakarta late on Wednesday to boost a strategic partnership between the world's second- and third-largest... 

OceanaGold says El Salvador freezing its assets lacks legal basis

21st April 2017 Australian-Canadian miner OceanaGold said on Thursday that El Salvador has no legal basis for restricting its unit in the Central American country while it evaluates next steps in a dispute over extraction rights. El Salvador said this week that it had frozen OceanaGold's bank accounts and... 

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