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Rhodium slides to its lowest in more than a decade

By: Reuters Rhodium prices slid to their lowest level in more than a decade on Friday, suffering along with other platinum group metals from perceptions that the metal, widely used in the car industry, is in plentiful supply. Rhodium fell to $790 an ounce on Friday, its weakest since March 2004, extending... 

Metals investors look for miners to cut supplies to lift prices

By: Reuters Investors in industrial metals will keep a close watch on miners' results in coming weeks for possible announcements of production cutbacks that could bolster weak prices. "What will be very important over the next few weeks is whether we start to see some supply responses emerging during the... 

Metals investors look for miners to cut supplies to lift prices
Photo by Bloomberg
Iron-ore

Operations resume at Kenmare’s Moma mine

By: Megan van Wyngaardt Mineral sands miner Kenmare Resources on Friday reported that operations at its Moma mine, in Mozambique, had restarted, following a temporary suspension owing to extralegal industrial action. All employees had returned to work after embarking on the industrial action in response to cost-cutting... 

Black Rock ups Anglo stake to 5.17%, showing faith in the miner

By: African News Agency Black Rock, one of the world’s largest asset managers with $4.7-trillion under management, has increased its shareholding in mining group Anglo American to above 5%, the global diversified miner said on Friday. Black Rock’s shareholding now stands at 5.17% following the purchase of just over 70... 

Bohm to join Tawana board, expects to add value to Mofe Creek

By: Megan van Wyngaardt JSE-listed Tawana Resources appointed Michael Bohm to its board as an independent nonexecutive director, effective August 1. “We are delighted that Bohm has joined the board and recognise the extensive corporate and project development skills he brings to the role, with the particular emphasis of... 

NUM members strike at Amplats’ Twickenham

By: Creamer Media Reporter More than 524 members of the National Union of Mineworkers (NUM) have downed tools at Anglo American Platinum’s (Amplats’) Twickenham mine, in Burgersfort, Limpopo, after Capital Development Services (CDS) served the union with a Section 189A notice as demanded by the Labour Relations Act. In a... 

NUM members strike at Amplats’ Twickenham

Strata-X Energy appoints Greg Hancock nonexecutive director

By: Creamer Media Reporter TSX-V- and ASX-listed Strata-X Energy has appointment Greg Hancock as a nonexecutive director effective immediately, following the resignation of Don Schurman on Wednesday. Strata-X president Tim Hoops said on Thursday that Hancock’s extensive knowledge of corporate finance and capital markets in... 

Supply of quality copper concentrate shrinks, sows seeds of price support

By: Reuters Supply of high quality copper concentrate shrank more than expected in the first half of this year due to output delays in top miner Chile, squeezing the pipeline for metal producers and likely supporting prices later in 2015, traders said. Production from two of four mines in Chile that churn... 

Supply of quality copper concentrate shrinks, sows seeds of price support

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R/€ = 13.66Change: -0.01
R/$ = 12.37Change: -0.06
Au 1169.01 $/ozChange: 0.21
Pt 1077.00 $/ozChange: -5.00