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GOLD

Gold gets boost from safe-haven bids as equities slide

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Gold added to overnight gains on Thursday, buoyed along with other safe-haven assets, as weak global manufacturing data and the first diagnosis of Ebola in the United States unnerved equities. Gold, often seen as an alternative investment during...
2nd October 2014
 
 
GREENLAND POLITICS

Greenland appears headed for new election, opposition claims majority

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The leader of Greenland's top opposition party said on Wednesday enough parliamentarians have crossed over to her side to bring about fresh elections after the prime minister took a leave of absence in a dispute over her use of public finances....
2nd October 2014
 
 
COAL

Despite ‘stable’ US coal outlook, more idlings/furloughs expected – Moody’s

0 COMMENTS
Despite providing a ‘stable’ overall outlook for the US coal industry, Moody’s Investors Service this week sketched a rather gloomy scenario for the next 12 to 18 months, pointing to weak fundamentals as thermal coal demand faltered and...
1st October 2014
 
 
GOLD

Broker ICAP enters race to replace century-old gold fix

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ICAP, the world's biggest interdealer broker, will submit a proposal to the bullion market to replace the century-old global price benchmark for gold known as the "fix", the company told Reuters on Wednesday. Representatives from a handful of...
1st October 2014
 
 
COAL

National debate needed on ways to lower high rail costs – CoAL

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CoAL CEO David Brown A national debate is needed to discuss ways of lowering the high cost of railing bulk commodities like coal, says Coal of Africa Limited (CoAL) CEO David Brown. The London-, Sydney- and Johannesburg-listed CoAL plans to produce nearly...
1st October 2014
 
 
OIL & GAS

Eden to merge UK assets with JV partner UKOG

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ASX-listed Eden Energy is considering merging its UK gas and petroleum assets with its UK joint venture (JV) partners, owned by UK Onshore Gas (UKOG). Eden said on Wednesday that it would transfer its 13 petroleum and development licences in...
1st October 2014
 
 
COAL

CoAL outlines $400m import-substituting Limpopo coal project Video Available

0 COMMENTS
David Brown and Martin Creamer Triple-listed coal junior Coal of Africa Limited (CoAL) CEO David Brown on Tuesday outlined a self-funded $400-million import-substituting hard coking coal project that is scheduled to begin production at Makhado, in Limpopo province, in 2018....
30th September 2014
 
 
APPOINTMENT

Stellar appoints new nonexecutive director, Campbell steps down

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Aim-listed, West Africa-focused diamond development company Stellar Diamonds announced in a statement on Tuesday that it had appointed Liviu Meran a nonexecutive director on its board, while James Campbell was stepping down from his position as...
30th September 2014
 
 
IRON-ORE

Vale says strikes lease deal with China Merchants over ore ships

0 COMMENTS
Brazil's iron-ore miner Vale said on Friday it secured a deal with China Merchants Group to lease for 25 years as many as ten very large ore carriers (VLOC), which will be built by China Merchants, to ship ore from Brazil to mainland China. Vale...
26th September 2014
 
 
GOLD

AngloGold Jersey share register open after UK termination

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AngloGold CEOSrinivasan Venkatakrishnan Holders of ordinary AngloGold Ashanti shares on the Jersey register will be able to trade their shares on the other exchanges where the gold-mining major is listed for 12 months. The shares of the gold-mining major have ceased trading on the main...
26th September 2014
 
 
COAL

Coal pricing more stable at home where Exxaro outlines R16bn capex plan

0 COMMENTS
Exxaro's Grootegeluk mine Coal pricing was more stable in South Africa’s domestic market than in export markets, where South Africa was competing with Colombia and Russia for European market share and with Australia for Indian business, JSE-listed Exxaro said on Friday,...
26th September 2014
 
 
GOLD

Gold price seen near tipping point for mine cuts, closures

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The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations. Several mines globally have already...
26th September 2014
 
 
 
 
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