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Reuters

Peru agency rules out tailings spill at Southern Copper mine

13th February 2019 Peru's environmental regulator OEFA has concluded that mining waste from Southern Copper Corp's Cuajone unit did not spill into the environment during heavy rains last week. OEFA said in a statement late Tuesday that it was still supervising operations at Cuajone but had ruled out any tailings... 

Palladium supply shortfall will worsen this year – Johnson Matthey

13th February 2019 A deficit in the palladium market that has driven prices of the autocatalyst metal to record highs will widen dramatically this year, specialist materials company Johnson Matthey said in a report on Wednesday. The company, a leading autocatalyst manufacturer, said the shortfall in the roughly... 

South Africa not planning to privatise Eskom after split – Gordhan

13th February 2019 South Africa is not planning to privatise embattled power utility Eskom after the firm is split into three separate entities of generation, transmission and distribution, Public Enterprises Minister Pravin Gordhan said on Wednesday. "At no stage has the president said, or the government... 

Australia flooding to disrupt lead, zinc concentrate rail shipments

13th February 2019 Floods in Australia's Queensland state are set to disrupt the rail delivery of zinc exports to the northern port of Townsville, with the line likely to be out of action for at least a month, analysts said on Wednesday. The 1 000 km (620 mile) rail line is used by miners including Glencore, MMG... 

Teck misses profit estimates on lower oil, metal prices

13th February 2019 Canada's Teck Resources, the world's second-biggest exporter of steel-making coal, posted a lower-than-expected quarterly profit on Wednesday, hurt by weak prices for heavy crude and base metals. Transportation bottlenecks in the country have pushed prices of Canadian oil lower, hurting the... 

Livent's lithium woes in China cloud industry outlook

13th February 2019 Livent on Tuesday forecast a drop in Chinese lithium sales for the year because of uncertainty about the country's electric vehicle subsidies, a worrisome sign for other producers of the key battery component. The Philadelphia-based company, among the first major global lithium producers to post... 

NGOs push to expel Brazil miner Vale from UN pact over dam disaster

13th February 2019 A group of international non-governmental organisations on Tuesday demanded that Brazilian miner Vale be excluded from the United Nations' corporate responsibility pact, after a mining dam burst that killed an estimated 300 people. A letter signed by more than 15 NGOs said that Vale failed to... 

Cobalt's price crash bottoming out, stocks to hinder quick rally

12th February 2019 Cobalt's near year-long price slide is finally coming to an end, but high inventories of the battery metal will stop prices quickly re-claiming 2018's 10-year highs. London Metal Exchange prices have crashed to two-year lows of $32 000/t compared with levels near $100 000 in the first half of 2018. 

Southern Copper says Peru plant to be partially suspended 3 to 5 days

12th February 2019 Southern Copper Corp said on Monday that a key plant it uses to produce copper in Peru would not fully restart for another three to five days while work is done on its tailings and railway infrastructure following heavy rains. Peru's environmental regulator OEFA has been investigating a... 

Ramaphosa says Eskom power cuts 'most worrying'

12th February 2019 South Africa's president Cyril Ramaphosa said on Monday the prospect of more power cuts by utility Eskom were "most worrying". The cash-strapped company warned of wider controlled power cuts on Monday after six additional generating units unexpectedly went offline. 

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