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Reuters

BHP to meet iron ore commitments despite train derailment-CEO

8th November 2018 Global miner BHP Billiton will meet its iron ore commitments to customers despite a supply disruption after it had to derail a runaway ore train in Western Australia, CEO Andrew Mackenzie said on Thursday. The miner suspended its rail operations after the incident on Monday that wrecked track... 

Randgold shareholders greenlight takeover by Barrick

7th November 2018 Randgold Resources shareholders on Wednesday approved a $6.1-billion all-stock takeover by Barrick Gold, clearing one of the final hurdles to creating the world's largest gold company. Votes were 95.2% in favour of the transaction, Randgold said in a statement. Barrick shareholders approved the... 

Albemarle's claim to unique lithium technology draws scrutiny

7th November 2018 Albemarle's claim to have developed a unique process that would more than triple its lithium production from Chile's Atacama desert without using more water is drawing increased scrutiny from regulators and investors pushing for more details. The development could help Albemarle cement its... 

Polyus profit dented by currency losses

7th November 2018 Polyus, Russia's largest gold producer, on Wednesday reported third-quarter net profit down 61% from a year ago to $144-million due to foreign exchange losses and other non-cash items. The company controlled by Said Kerimov, son of Russian tycoon Suleiman Kerimov, has not been targeted by the US... 

JSW eyes controlling stake in Prairie Mining – CEO

7th November 2018 Poland's JSW is interested in taking over Australia's Prairie Mining, CEO Daniel Ozon confirmed on Wednesday. Sources told Reuters in September that JSW, the European Union's biggest coking coal miner, wanted a controlling stake in Prairie Mining. 

Vodacom, Telkom reach network sharing deal

7th November 2018 South African telecoms firm Vodacom said on Wednesday it had entered into a roaming and facilities leasing agreement with Telkom, South Africa's biggest fixed-line operator. Vodacom said the multi-billion rand agreement would allow Telkom customers to roam on Vodacom's 2G, 3G and 4G networks with... 

Tahoe Resources loss less then forecast but wider than last year

7th November 2018 Tahoe Resources Inc posted a quarterly loss on Tuesday that was less then Wall Street expected although it widened from a year earlier, while the gold and silver miner predicted that its production for the year would be at the low end of guidance. Tahoe's Escobal silver mine in Guatemala, the... 

Sacci BCI rises in October

7th November 2018 South Africa's business confidence rose for a second consecutive month in October, bolstered by higher import volumes, vehicle sales and retail sales, a survey showed on Wednesday. The South African Chamber of Commerce and Industry's (Sacci) monthly business confidence index rose to 95.8 in... 

African Development Bank plans R10bn in loans to Eskom

7th November 2018 The African Development Bank plans to lend South African power utility Eskom around R10-billion ($720-million) in 2019 and 2020, the bank's president Akinwumi Adesina said. "We plan to lend around $620-million for the Medupi power plant, and around $100-million for Eskom's transmission network,... 

Lithium-producer Livent says FMC sale to bring certainty for staff, investors

7th November 2018 Lithium producer Livent Corp says majority owner FMC Corp's decision to sell its entire stake by next spring will help it better compete in the fast-moving sector, CEO Paul Graves said on Tuesday. FMC spun Livent off last month in an initial public offering, keeping about 86% of Livent's shares.... 

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