R/€ = 16.26 Change: 0.05
R/$ = 14.31 Change: 0.04
Au 1412.37 $/oz Change: -20.94
Pt 808.37 $/oz Change: -4.64


Rio Tinto CEO leaves door open to higher bid from BHP

21st January 2008 Rio Tinto CE Tom Albanese on Sunday left the door open to a sweetened takeover offer from BHP Billiton, but said Rio would be happy to grow on its own if BHP walked away. 

Gold falls as US measures fail to spark buying

21st January 2008 Gold edged lower on Monday after President George W. Bush's plan to give the US economy temporary tax cuts and other measures totalling about $150-billion failed to inspire buying. 

Gold, platinum near historic highs; uptrend intact

15th January 2008 Gold rose on Tuesday and held near an historic high hit the previous day, reflecting investors' interest in the metal as the dollar dropped on expectations of half-percentage-point cut in US rates. Platinum hovered near record highs, silver kept within sight of a 27-year peak hit on Monday,... 

Sierra Leone says diamond exports rise to $142m

11th January 2008 Sierra Leone exported 603 623 ct of diamonds in 2007, in line with the previous year, but the value of sales rose to $142-million as quality improved, a government official said on Friday.  

Zambia sees $400m in revenue from new mining tax

11th January 2008 Zambia will introduce a windfall mining tax this year in a move it expects to generate $400-million in revenue, President Levy Mwanawasa said on Friday. 

Gold hits record high near $900 on rate cut hopes

11th January 2008 Gold hit a record high near $900 an ounce on Friday, driven by hopes of a half-point cut in US interest rates later this month that could raise the metal's appeal as an alternative investment.  

SA April coal trades at $96,50

4th January 2008 Richards Bay coal for April-loading traded up to $96,50 on globalCOAL, the electronic platform said on Friday. 

Congo keeps uranium riches under wraps

10th December 2007 Democratic Republic of Congo has flirted with reviving its once-great uranium mining sector, but insists that for now it will keep its radioactive treasure trove underground for future generations to reap the profits. 

Namibia uranium output to jump as exploration surges

10th December 2007 Namibia plans to open four new uranium mines by 2010 that will boost its output to 10 percent of world production, a response to a boom in uranium exploration last seen during the energy crisis of the 1970s.  

Up to 200 000 t coal lost after SA derailment

6th December 2007 South African freight rail operator Transnet Freight Rail cancelled 24 coal trains to Richards Bay Coal Terminal on Thursday morning citing two minor locomotive derailments at RBCT on Wednesday as the cause, transport and coal industry sources said. 


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