R/€ = 16.45 Change: 0.09
R/$ = 14.35 Change: 0.09
Au 1228.42 $/oz Change: 6.10
Pt 831.50 $/oz Change: -2.11


It's the one metal near a record, but palladium is unloved

By: Bloomberg     27th September 2018 Palladium is the only major commodity that’s within reach of an all-time high, but investors are barely buying. The metal has climbed to within about 6% of January’s record, even as holdings in exchange-traded products slumped to a nine-year low. While hedge funds have become more positive in... 

BC govt refuses KGHM’s Ajax environmental permit

By: Henry Lazenby     15th December 2017 The British Columbia provincial government on Thursday refused to issue Polish base metals miner KGHM Polska Miedź’s Ajax copper/gold mine a provincial environmental certificate, saying the adverse effects of the project outweigh the potential benefits. The news is a blow to the nearby City of... 

BHP told bending to activists poses risks for debt investors

By: Bloomberg     19th October 2017 BHP Billiton’s new chairman Ken MacKenzie is grappling with a simmering campaign by activist shareholders -- moving too far to appease them could risk unsettling debt investors who own the world’s biggest miner’s $24-billion of bonds. The campaign by funds including billionaire Paul Singer’s... 

UK North Sea Oil Field startups surge to highest in 10 years

By: Bloomberg     4th September 2017 The UK North Sea is on track for the biggest year of oil and gas field startups in a decade, continuing the ageing province’s surprising resilience to the crude-market slump. Fourteen projects with combined peak production of 230000 barrels of oil equivalent a day will start in the region this... 

Lithium X consolidates flagship Sal de los Angeles project

By: Henry Lazenby     29th June 2017 Canadian explorer Lithium X has signed a definitive agreement with Aberdeen International to acquire the remaining 50% interest in Potasio y Litio de Argentina (Plasa), which holds the company’s flagship Sal de los Angeles project, in Argentina. "This transaction marks another milestone for... 

Enviro permitting processes for Western Cape uranium project advancing 

By: Mia Breytenbach     2nd June 2017 Uranium project developer Tasman RSA Mines says that draft environmental impact assessment (EIA) and environmental management plan (EMP) reports for the company’s mining right applications Ryst Kuil and Quaggasfontein, which form part of the Karoo uranium mining project, in the Western Cape, will... 

BHP CEO tells investors options for US shale under review

By: Bloomberg     29th May 2017 BHP Billiton is assuring shareholders that it’s exploring numerous options for its contentious US shale unit amid pressure from activist investor Elliott Management to carry out a wider review of petroleum operations. In a series of meetings in Australia last week, CEO Andrew Mackenzie stressed... 

Peter Sutherland – SA’s first government geologist

By: Jade Davenport     18th November 2016 There are two main reasons why geology was vigorously pursued in the various colonies during the nineteenth century. Firstly, the study of the ancient environment fostered an impression of the colonies as primitive places that were inferior to Europe. This led to the development of theories of... 

Smokey Hills operations temporarily suspended

6th May 2016 South African platinum producer African Thunder Platinum (ATP), owned by global resource investment corporation Aberdeen International, has to temporarily suspend mining operations at the Smokey Hills platinum-palladium mine, in Limpopo, to focus on the planning and permitting required to... 

Suncor reports C$2bn net loss as it weathers low crude oil price environment

By: Henry Lazenby     4th February 2016 Canadian oil producer Suncor Energy on Wednesday reported a net loss for the fourth quarter ended December 31 of C$2-billion, or C$1.38 a share, as the Canadian oil industry buckled under American benchmark oil prices that reached below $50/bl for the period. This was compared with net earnings... 

Aberdeen International acquires Argentina-based Diablillos lithium/potash project

By: Henry Lazenby     30th December 2015 Global resource investment company and merchant bank Aberdeen International has acquired the Diablillos lithium/potash project in Argentina, marking its second significant investment in 2015. Under terms of the deal to acquire all the outstanding shares of Potasio y Litio de Argentina, Aberdeen... 

Moz to start exporting coal through Nacala by December

By: Keith Campbell     13th June 2014 The Mozambican Ministry of Transport and Communications has reaffirmed that the country will start exporting coal from the Tete basin through the port of Nacala by December. This was made clear at the 32nd meeting of the Ministry’s Coordinating Council, which was held in Tete.  

Impressive Equipment Demonstration Impresses Customers at Terex Finly Open Event in Scotland

By: Creamer Media Reporter      16th July 2013 Over a 3 day period in June, Aberdeen’s Northern Lights were forced to play second fiddle to an awesome demonstration of crushing and screening equipment 

Company Announcement: Village Main Reef - Results for the year ended 30 June 2012

21st September 2012 Village Main Reef today reported a 348% increase in operating profit to R315.3 million and a 112% increase in earnings per share to 34.73 SA cents for the period ended 30 June 2012 

Aberdeen closes $20.9m royalty sale to Premier Royalty

By: Henry Lazenby     4th June 2012 TSX-listed Aberdeen International on Friday said it had closed the sale of its 1% net smelter return royalty on gold to private-owned Premier Royalty for $20.9-million. Under the agreement, Premier Royalty had made cash payment of $11.5-million and issued a convertible debenture payable to... 

Aberdeen sells gold royalties for $20.9m

By: Matthew Hill     25th April 2012 Shares in Toronto-based mining investment company Aberdeen International climbed on Wednesday after the company announced an agreement to sell royalties in two South African gold mines to Premier Gold Mines’ new royalty vehicle, launched late last year. Under the deal, Premier Royalty Corp will... 

Canada's Nunavut awaits its day in the sun

By: Reuters     31st March 2012 The prospects of a mining boom in Canada's Arctic territory of Nunavut - once as bright as the Northern Lights - are fading fast as costs in the inhospitable region spiral higher, forcing writedowns on two major gold projects there. The sparsely populated territory has gained a reputation as one... 


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