R/€ = 15.89 Change: 0.05
R/$ = 13.73 Change: 0.02
Au 1274.00 $/oz Change: -8.17
Pt 862.50 $/oz Change: -17.54


London, other cities call for new petrol and diesel car ban to start earlier

18th June 2018 London Mayor Sadiq Khan and other city leaders from across Britain said on Monday a government plan to ban the sale of new diesel and petrol cars should be brought forward by ten years to 2030, in the latest push to improve air quality. Prime Minister Theresa May's Conservative government said... 

Australia's Port Kembla reopens after cargo ship blaze

18th June 2018 A fire in the hold of a bulker ship on Monday briefly closed Australia's Port Kembla, the second-largest coal export port in New South Wales state, stopping shipping for eight hours. The port was shut soon after the blaze began before dawn on the MV Iron Chieftain as it unloaded dolomite, a... 

South Africa proposes 30% black ownership for mining firms within 5 years

16th June 2018 South Africa plans to raise black ownership at permit-holding mining companies to 30% from 26% within five years, the latest draft of a hotly-contested new industry charter showed on Friday. The government and miners had been at loggerheads over a previous version of the charter, which industry... 

Chile anti-trust regulator to probe Tianqi purchase of SQM stake

16th June 2018 Chile's anti-trust regulator FNE said on Friday it would open an investigation into the effects on the market of China's Tianqi purchase last month of a 24% stake in SQM, one of the world's top lithium producers. Chile's government under former President Michelle Bachelet in March filed a... 

Centrica, Tokyo Gas join Anadarko's Mozambique LNG project as buyers

15th June 2018 Britain's Centrica and Japan's Tokyo Gas have signed a non-binding agreement to buy liquefied natural gas (LNG) from Anadarko Petroleum's Mozambique acreage, a deal that will help the US company reach a final decision on the project. Centrica and Tokyo Gas will buy 2.6-million tonnes of LNG per... 

City of Johannesburg slams Eskom over power cuts

15th June 2018 The city of Johannesburg said late on Thursday that State-owned electricity company Eskom had failed to give adequate notice before implementing scheduled power interruptions, or loadshedding, to relieve pressure on the grid in the face of a wage strike. "Despite the city receiving communication... 

Glencore says settled Congo mining dispute

15th June 2018 Miner and commodities trader Glencore has settled its Congo mining dispute with two companies associated with Israeli billionaire Dan Gertler by agreeing to pay royalties in a currency other than US dollars, Glencore said on Friday. US sanctions on Gertler, Glencore's former Israeli partner in... 

WTO deputy chief advises EU caution in response to US tariffs

14th June 2018 There is no basis in World Trade Organisation rules for US tariffs on steel and aluminium, but the European Union should proceed cautiously when responding to the measures, WTO deputy director-general, Karl Brauner, told a German magazine. "I see no basis in WTO law for the tariffs imposed by the... 

Italy top court rejects appeal to stymie Shell, Eni corruption trial

14th June 2018 Italy's Supreme Court threw out an appeal from Shell and four former Shell managers to stymie a trial on alleged corruption in Nigeria, which also sees Eni's chief on the bench, legal sources said on Wednesday. The long-running graft case revolves around the 2011 purchase by Eni and Shell of... 

Egypt appoints new minister of defence in new Cabinet – State television

14th June 2018 Egypt has appointed a new minister of defence in a cabinet sworn in on Thursday by President Abdel Fattah al-Sisi to mark the start of his second term in office. Mohamed Ahmed Zaki Mohamed was named minister of defence, replacing Sedki Sobhi. 

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