R/€ = 18.3034 Change: 0.0019
R/$ = 17.3544 Change: 0.1768
Au 1797.30 $/oz Change: 0.00
Pt 1028.50 $/oz Change: 0.00


EU agrees Chile alliance to boost access to green raw materials

By: Reuters     9th December 2022 The European Union and Chile struck a partnership on Friday that will liberalise more trade between the two and give EU companies greater access to raw materials such as lithium and copper that are key to the EU's green transition. The partnership, which includes cooperation on climate change,... 

Pakistan's top court endorses Barrick Gold's $10bn mining investment

By: Reuters     9th December 2022 Pakistan's supreme court on Friday endorsed a settlement with Barrick Gold to resume mining the Reko Diq copper and gold deposits in the country's southwest, a court order showed. The short order was read out by the chief justice of Pakistan who headed a five-person panel. A Reuters reporter was... 

Extortion ‘mafia’ hits South Africa’s $55bn mining sector

By: Bloomberg     9th December 2022 A threatening letter, a derailed train, blocked roads, burned vehicles, workers locked up. That’s what some of the world’s biggest mining companies say they’re battling in South Africa: Extortion. Covid plunged Africa’s most-industrialized country – home to the biggest deposits of metals ranging... 

HPL threatens industry recovery

By: Nadine Ramdass     9th December 2022 The Health Promotion Levy (HPL), commonly known as the sugar tax, still poses the greatest threat to the continued existence of the sugar industry, says South African Sugar Association (SASA) executive director Trix Trikam. The HPL has resulted in the beverages sector reformulating its products... 

Manufacturer launches new bushes material

By: Halima Frost     9th December 2022 High-performance plastic products manufacturer igus launched its new range of alternative bushes for the automotive sector at this year’s manufacturing, energy and logistics trade show, Hannover Messe 2022, held in Germany, May 30 to June 2. The bushes are made from igus’ new trademarked iglidur... 

Efficient storage for components

9th December 2022 Materials handling systems designer Conceptainer says its Thrift recyclable bulk collapsible bins, which weigh only 28 kg when empty, are an efficient system for the storage and transport of automotive components. The company adds that this includes plastic moulded parts and seat components, as... 

Thungela achieves strong cash generation despite rail constraints

By: Tasneem Bulbulia     8th December 2022 JSE-listed Thungela Resources has continued to deliver strong earnings and cash generation for the period from January 1 to November 30 and expects to achieve another strong set of financial results for the year ending December 31, the company notes in a CFO’s pre-close and trading statement for... 

Trafigura more than doubles profit to new record in FY 2022

By: Reuters     8th December 2022 Global commodities trader Trafigura Group posted a record profit for its full year 2022, more than double last year's record, as it cashed in on unprecedented market volatility following Russia's invasion of Ukraine. The privately held Geneva-based company made $7-billion in net profit for its... 

St George finds lithium partner

By: Esmarie Iannucci     8th December 2022 Junior St George Mining will partner with battery giant SVOLT to hunt for lithium projects. The two companies have signed a memorandum of understanding (MoU) to consider collaboration on the development of the Mt Alexander lithium project, in Western Australia, as well as the acquisition of... 

AfriTin progresses lithium, tantalum product development

By: Tasneem Bulbulia     7th December 2022 Aim-listed AfriTin Mining’s lithium product development programme has progressed on three fronts, mainly updating the mineral resource estimate, starting lithium pilot scale metallurgical testing and taking the first steps to explore commercial engagements for lithium petalite concentrate... 

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