R/€ = 15.90 Change: -0.01
R/$ = 14.07 Change: 0.00
Au 1320.93 $/oz Change: 5.93
Pt 805.07 $/oz Change: 17.61


Peru's environmental watchdog reports tailings spill from Southern Copper mine

11th February 2019 Peru's environmental watchdog said on Sunday it was investigating a tailings spill from a unit of Southern Copper Corp, one of the world's largest copper producers, into a river in an area that has been inundated by heavy rains. The Agency of Evaluation and Environmental Enforcement (OEFA) said... 

Codelco part-suspends operations amid heavy rain

8th February 2019 Chilean State miner Codelco said on Friday heavy rains had forced suspension of operations at its northern copper mines Chuquicamata and Ministro Hales. Codelco said it had sent its daytime shift of workers home as a preventative measure and would evaluate whether to cancel its night shift as well. 

Glencore's Zambian unit suspends operations after three workers die in fire

8th February 2019 Glencore's Zambian unit Mopani Copper Mines said on Friday it had suspended operations at its Mindola north shaft after three workers were killed in a fire accident. Mopani is one the biggest mining companies in Zambia – Africa's No. 2 producer of the metal – with an output of around 100 000 t/y.... 

Shares in Russia's Rusal jump 12% on upbeat aluminium demand outlook

8th February 2019 Russian aluminium giant Rusal expects demand for aluminium to grow in 2019 and sees potential for prices to rise, it said on Friday, sending its Hong Kong-listed shares up 12% to a 10-month high. Shares in Rusal, the world's largest aluminium producer outside China, hit their highest since April... 

Australia's Pacific National says coal train derailed, services disrupted

8th February 2019 Australian coal haulier Pacific National said on Thursday that one of its trains derailed near the Hunter Valley in New South Wales and that some services would be affected while repair work was carried out. The Hunter Valley is Australia's top thermal coal-producing region and home to... 

Fourteen NGOs oppose LME plans to ban tainted cobalt

7th February 2019 Fourteen nongovernmental organisations (NGOs) including Amnesty and Global Witness have opposed plans by the London Metal Exchange to ban cobalt tainted by human rights abuses, a letter seen by Reuters showed. Cobalt is a key ingredient in the batteries that power electric vehicles, a... 

Brazil set to ban upstream tailings dams after collapse kills hundreds

7th February 2019 Brazil's mining agency plans to ban upstream tailings dams used for storing mining waste, a director at the National Mining Agency (ANM) said on Thursday, after such a dam burst last month, likely killing at least 300 people. Eduardo Leão, a director at ANM, said the agency aims to issue an... 

Nigerian court adjourns MTN case until March 26

7th February 2019 A judge has adjourned a Lagos court case between South African telecoms firm MTN Group and Nigeria’s attorney general over a $2-billion tax demand until March 26, the court said on Thursday. MTN faces the demand from the country’s attorney general, a claim which the company has said is without... 

Maduro sold 40% of Venezuela's gold last year amid cash crunch

7th February 2019 President Nicolas Maduro blew through more than 40% of Venezuela’s gold reserves last year in a desperate bid to fund government programs and pay millions to bondholders. The government sold a total of 73 t of gold to two firms in the United Arab Emirates and another in Turkey, opposition... 

Bolivia picks Chinese partner for $2.3bn lithium projects

7th February 2019 Bolivia has chosen a Chinese consortium to be its strategic partner on new $2.3-billion lithium projects, the government said on Wednesday, giving China a potential foothold in the country's huge untapped reserves of the prized electric battery metal. China's Xinjiang TBEA Group will hold a 49%... 


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