R/€ = 19.69 Change: 0.06
R/$ = 18.00 Change: 0.19
Au 1688.38 $/oz Change: 38.08
Pt 752.58 $/oz Change: 11.26


Rio halts potline at NZ smelter

By: Esmarie Iannucci     31st March 2020 Major Rio Tinto will close one of its four potlines at Tiwai Point aluminium smelter, in New Zealand, as part of measures to combat Covid-19. CEO and GM of the New Zealand’s Aluminium Smelter, in which Rio holds a 79.36% interest, Stewart Hamilton said that the company had worked hard to... 

As coronavirus rages, Rusal puts brakes on Nornickel's palladium JV

By: Reuters     20th March 2020 Russia's Norilsk Nickel said on Friday that Russian Platinum, its partner in an Arctic palladium project, had withdrawn from talks on creating the joint venture due to a lack of approval from Rusal, one of Nornickel's shareholders. Nornickel is the world's largest producer of palladium, which... 

Rio's free cash flow up by 31% in 2019

By: Esmarie Iannucci     26th February 2020 Higher iron-ore prices has helped to drive a 31% increase in free cash flows for diversified miner Rio Tinto during the 2019 financial year, compared with 2018. The miner on Wednesday announced that free cash flow for the full 2019 reached $9.1-billion, up from the $6.9-billion reported in 2018,... 

Rio punts refinery technology

By: Esmarie Iannucci     14th February 2020 Mining giant Rio Tinto and aluminium equipment supplier STAS have agreed to terms to commercialise Rio’s advanced compact filtration (AFC) technology for aluminium cast houses. The ACF technology developed by Rio will now be manufactured and sold under license by equipment manufacturer STAS... 

Fitch maintains metal prices forecast, but says downside risks evident

7th February 2020 Fitch Solutions Country Risk and Industry Research, a unit of Fitch Group, has published its ‘Outlook for Metals’ report, which maintains its core view for metal prices to head slightly higher this year in general compared with 2019. It expects to see a recovery in metals prices by the second... 

Alcore appoints Clough as engineering firm

By: Esmarie Iannucci     4th February 2020 ASX-listed Australian Bauxite subsidiary Alcore has appointed engineering firm Clough Projects Australia to provide the engineering for the design and construction of its planned bauxite refining plant. “Clough is an ideal engineer for Alcore’s transition from lab research stage to its first... 

Minerals Council calls for coal advocacy group to be established

By: Kim Cloete     31st January 2020 The Minerals Council has called for an advocacy group to be set up in the coal sector to highlight its value to the South African economy as an industry and employer of 220 000 people across the coal value chain, says the council's senior economist, Bongani Motsa. “As an industry we need to... 

Minerals Council South Africa, South32 offer condolences on Mkhwanazi's passing 

By: Esmarie Iannucci     6th January 2020 The Minerals Council South Africa has extended its "deepest condolences" to the family, friends and colleagues of Dr Xolani Mkhwanazi, who passed away on January 4 after a short illness. “I had the privilege of getting to know Dr Mkhwanazi back in 2010 and I admired his incredible intellectual... 

Most mining company ratings have ‘stable outlooks’, says Fitch

By: Simone Liedtke     18th December 2019 The Rating Outlook for the global mining sector in 2020 remains Stable, as slower demand for some commodities is counterbalanced by supply restrictions for others, Fitch Ratings says. A weakened macroeconomic environment has caused demand and prices for some commodities to fall, which the ratings... 

Management at Bosnia's sole aluminium smelter resigns

By: Reuters     17th December 2019 The management of Bosnia's sole aluminium smelter, Aluminij Mostar, has resigned after an only investor interested to help it restart production had submitted an inadequate offer, the company said on Tuesday. The smelter was shut down in July over debt it had incurred because of high electricity... 

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