R/€ = 15.50 Change: 0.00
R/$ = 13.28 Change: 0.00
Au 1241.67 $/oz Change: 0.11
Pt 828.50 $/oz Change: -3.93


Samarco is said to be nearing settlement with Brazil prosecutors

By: Bloomberg     15th June 2018 After a year of back and forth, the owners of the idle Samarco iron-ore mine are close to signing a definitive settlement with Brazilian prosecutors that will clear the way for restart preparations and debt talks to begin, according to people briefed on the matter. Joint venture partners Vale... 

Year's best commodities fund is betting on 2018 mining M&A

By: Bloomberg     29th December 2017 This year’s best-performing commodity fund is betting on more mining companies turning to deal-making for growth in 2018. Commodity Capital Global Mining Fund racked up returns of 106% this year, the best performance among 409 commodity-focused funds tracked by Bloomberg, excluding... 

Brent oil holds near two-year high as Saudi Prince backs Opec cuts

By: Bloomberg     27th October 2017 Brent oil held gains near the highest level in more than two years as Saudi Arabia’s Crown Prince Mohammed bin Salman backed the extension of Opec-led output cuts. Futures were little changed near $60 a barrel in London, up 2.6% for the week. The prince said Thursday that “of course” he wanted to... 

Scientists find $1.8m worth of gold in Swiss wastewater

By: Bloomberg     11th October 2017 Switzerland’s gold refineries may want to consider starting a recycling programme. Scientists at the Swiss Federal Institute of Aquatic Science and Technology estimate that about 43 kg of gold – worth about $1.8-million – passes through the country’s wastewater every year. 

Vault building booms as gold lures investors in turbulent world

By: Bloomberg     7th June 2017 From safety-deposit boxes in leafy west London to high-security facilities housing gold and silver in Frankfurt, companies that store valuables are expanding to meet demand. A rush into haven assets that began during the financial crisis is getting a new lease on life from an upsurge in populist... 

Sotheby's sells record $71m diamond to Chow Tai Fook 

By: Bloomberg     4th April 2017 Hong Kong-based jewelry retailer Chow Tai Fook bought a 59.6 ct pink diamond for about $71-million, setting the world record for the top auction price for any gem. The stone has an unusual distinction: it has attracted even higher bids in the past. The jeweler made the HK$553-million winning bid... 

Eskom board still considering whether to take State of Capture report on review 

By: Terence Creamer     4th November 2016 The Eskom board reported on Friday that it was taking legal advice on “inconsistencies” in the Public Protector’s ‘State of Capture’ report, including whether or not to take the report on legal review. The board also insisted that all directors had declared conflicts of interest, complied with... 

Zwane's 'mystery' Dubai trip

By: News24Wire      3rd November 2016 A series of unused flights during a "mysterious" trip abroad by Mining Minister Mosebenzi Zwane, during which he allegedly escorted a member of the Gupta family to a meeting with an international mining company, may have cost taxpayers nearly R100 000 in possibly fruitless or wasteful... 

BHP-Vale Brazil mine said to weigh missing next bond coupon

By: Bloomberg     15th September 2016 Samarco Mineracao is considering skipping bond coupon payments that are due as soon as this month as the stalled Brazilian iron-ore miner runs out of money, according to people with knowledge of the matter. Without knowing when it can restart mining, the venture owned by BHP Billiton and Vale is... 

Gold believers from Soros to UBS lose faith in miners’ gain

By: Bloomberg     26th August 2016 The red-hot market for gold-mining companies has made the shares too expensive for some investors, even though they remain bullish on the outlook for bullion. Earlier this year, fund managers including George Soros had gobbled up shares of producers such as Barrick Gold and Newmont Mining in a... 

Sibanye investing R3.9bn in gold mines

By: Martin Creamer     20th April 2016 Mining company Sibanye Gold is forecasting a capital expenditure of R3.9-billion ($250-million) on its gold assets in its 2016 financial year. Sibanye CEO Neal Froneman told the European Gold Forum in Zurich on Wednesday that capital investment of R1.6-billion ($115-million) had been approved... 

ExecuJet is exhibiting at Mining Indaba

28th January 2016 ExecuJet Africa, part of the ExecuJet Aviation group will be exhibiting at Mining Indaba, the world’s largest mining investment event, from February 8-11 in Cape Town, South Africa. ExecuJet will be showcasing its full suite of business aviation services, including aircraft management, helicopter... 

From mines to hospitals to mortuaries – yet another use for SA’s Lodox scanner 

By: Irma Venter     22nd May 2015 Within a decade conventional invasive autopsies may be a rarity, says head of the Department of Forensic Medicine at the University of Pretoria (UP), Professor Gert Saayman. Instead, pathologists will use imaging technologies to conduct virtual post-mortems. 

Chapman Freeborn and Swiss WorldCargo announce new partnership agreement

By: Creamer Media Reporter      23rd July 2013 Chapman Freeborn Airchartering and Swiss WorldCargo today announced that they have forged a new strategic partnership to further enhance their offerings in the cargo market 

Platinum demand game changer needed to balance market

By: Idéle Esterhuizen     4th May 2012 A game-changing shift in demand would be required to alleviate the global platinum surplus, which stood at 735 000 oz last year, precious metals consultancy Thomson Reuters GMFS global head of precious metals Paul Walker said this week. “My fear is that we are entering a period of structural... 

Two years after UBB tragedy, Alpha Natural to board up coal mine for good

By: Matthew Hill     5th April 2012 On the eve of the second anniversary of the Upper Big Branch coal disaster that left 29 miners dead, Alpha Natural Resources, the third-biggest US coal producer by sales, said it will not reopen the operation. Alpha bought the mine, which has been idled since the accident, through its... 


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