R/€ = 17.7643 Change: -0.0606
R/$ = 17.1446 Change: 0.0453
Au 1741.22 $/oz Change: -17.03
Pt 991.62 $/oz Change: 7.62


Glencore invests 5.5m in NPA partnership to combat GBV

By: Thabi Madiba     Updated 6 hours ago Mining giant Glencore Ferroalloys and the National Prosecuting Authority officially handed over the fully equipped Dilokong Thuthuzela Care Centre to the Ga-Maroga community in Limpopo as part of efforts to combat gender-based violence. The new centre will offer victims of abuse services and... 

R4-trillion needed for South Africa’s hydrogen economy, PIC declares 

By: Martin Creamer     Updated 6 hours ago South Africa’s State-owned Public Investment Corporation (PIC) stated on Monday that more than R4.3-trillion is required for the development of the hydrogen economy, which it declared positive for people, planet, and client portfolios. The hydrogen investment strategy of the PIC, which has... 

China commodities sink as Covid spread, protests worsen outlook

By: Bloomberg     Updated 7 hours ago Commodities sank as China’s Covid outbreak worsened and a series of stunning street protests in cities across the nation threaten to derail economic activity and sap demand for energy and raw materials. Base metals in London and Shanghai dropped, with Chinese copper futures declining as much... 

Indonesian tin groups ask govt to consider impose export restrictions gradually

By: Reuters     Updated 7 hours ago Indonesian tin industry groups on Monday asked authorities to consider implementing a planned tin ingot export ban gradually to allow the industry to develop domestic processing plants. Indonesia last month said the world's biggest exporter of refined tin is planning to ban exports of the metal... 

Extortion rackets becoming an epidemic in South Africa – Mavuso

By: Donna Slater     28th November 2022 Large industries, from mining to construction, are being targeted by extortion rackets of epidemic proportions, as organised crime is fast emerging as the biggest threat to South Africa’s economy, says Business Leadership South Africa (BLSA) CEO Busi Mavuso. Such crime, she says, is now more... 

EPSA and Immersive Technologies Partner in Global Mining Workforce Development 

28th November 2022 Immersive Technologies and EPSA have partnered in a number of community workforce development projects.  For a phosphate project in Saudi Arabia, EPSA has implemented a Komatsu HD785-7 Simulator training program with a focus to enhance operational readiness and support EPSA’s strategy to train a... 

Komatsu’s electric offering expanded

28th November 2022 Komastu offered a preview into the future of the construction and mining industry, with a huge presence at bauma focused on smart construction and electric machines. The brand’s extensive presence at the event spotlighted nearly 40 pieces of equipment while highlighting Komatsu’s deep... 

Australian gold production falls - Surbiton

28th November 2022 Australian gold production declined by 7 t in the third quarter of 2022, new data from Melbourne-based gold mining consultants Surbiton Associates found. Output for the September 2022 quarter totalled 76 t, down nine percent from the high of 83 t produced in the June 2022 quarter. It brings... 

Resolute receives final payment for Bibiani mine sale

By: Tasneem Bulbulia     28th November 2022 Dual-listed Resolute Mining has received the third and final tranche of $10-million from Canadian miner Asante Gold for the sale of the Bibiani gold mine, in Ghana. The two companies are in commercial discussions regarding payment of the environmental bond and interest. 

Alexkor issues tender for West Coast diamond contract miners

By: Donna Slater     28th November 2022 State-owned diamond miner Alexkor, through its pooling and sharing joint venture (PSJV) with the Alexkor Richtersveld Mining Company (RMC), has issued an expression of interest for contract diamond miners to mine areas along the West Coast of South Africa. Principal qualifying contractors have... 

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