R/€ = 15.63 Change: 0.01
R/$ = 13.94 Change: 0.00
Au 1427.24 $/oz Change: -11.92
Pt 849.54 $/oz Change: -5.90


Glencore confirms Congo security presence at mine

4th July 2019 Glencore on Thursday confirmed Democratic Republic of Congo armed forces were in the area around a copper and cobalt mine run by the company, a week after a landslide there killed 43 miners. Congolese security forces began evicting illegal miners from the mine on Thursday, local activists said. 

Zambia plans law compelling miners to procure locally – Minister

4th July 2019 Zambia is planning a law to compel mining companies to give local suppliers a fair share of procurement, its mines minister said on Thursday, in the latest sign of the government taking an interventionist approach in its mining sector. Zambia is Africa's second-largest copper producer, with... 

India's top court sides with indigenous people over illegal mining fallout

4th July 2019 Indigenous people in an Indian state must be protected from illegal mining and the pollution it causes, the country's top court ruled, providing a "historic" victory to tribal groups fighting for better rights over land and natural resources. Indigenous people, who own much of the land in... 

Brazil mining trade group slams Senate royalty proposals

4th July 2019 An association of Brazilian mining companies on Wednesday criticized some proposals made a day earlier by a Senate committee that spent months investigating the collapse of one of Vale's tailings dams. In a 400-page report, the Senate panel looking into the January disaster proposed a ban on new... 

South Africa weighs new support measures for struggling Eskom

3rd July 2019 South Africa is weighing extra options to support Eskom, including swapping the financially troubled State power firm's debt for government bonds or ring-fencing it in a special account, a senior treasury official said. Discussions are at an early stage, and it is not yet clear which option will... 

Alcoa expects $40m - $50m hit from restarting Canada smelter

3rd July 2019 Aluminum producer Alcoa Corp said on Tuesday it expects to incur a charge of between $40-million and $50-million in the second half of 2019, related to restarting operations at its Canadian smelter in Becancour, Quebec. An 18-month lock out between the company and workers at the Aluminerie de... 

Deep sea mining could destroy 'our last frontier', environmentalists say

3rd July 2019 As India readies for the United Nations to give a green light to deep sea mining and boost its economy, the environmental group Greenpeace said on Wednesday that drilling the seabed could cause irreversible harm and worsen climate change. Without proper governance of the seas, mining could... 

Illegal miners at Glencore concession in Congo defy eviction

2nd July 2019 Illegal miners at a copper and cobalt mine run by Glencore in southeastern Congo defied a deadline on Tuesday to vacate the site, a union official said, raising fears of a potentially violent standoff. A landslide last Thursday at the Kamoto Copper Company (KCC) concession, majority-owned by a... 

Three coal miners die in Poland after quake

1st July 2019 Three miners died after a tremor on Monday at a Polish coal mine owned by mining group PGG, the company said, in the deadliest incident in the country's mining industry this year. The quake with a magnitude of 2.66 was felt on Monday afternoon in the Staszic coal mine in the town of Katowice, the... 

Freeport-McMoRan expects Q2 loss, cuts gold sales outlook

1st July 2019 Freeport-McMoRan said on Monday it expects to report a loss in the second quarter, hit by lower gold production, weaker copper prices and higher costs, sending the US miner's shares down nearly 6%. The shares were further pressurized as gold prices fell following signs of easing trade tensions... 


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