R/€ = 16.61 Change: -0.45
R/$ = 14.68 Change: -0.44
Au 1184.40 $/oz Change: -10.52
Pt 778.00 $/oz Change: -27.07


June manufacturing output up 0.7%

7th August 2018 South Africa's manufacturing output rose by 0.7% year-on-year in June, following a revised 2% expansion in May, the statistics agency said on Tuesday. Statistics South Africa said factory production on a month-on-month basis rose 0.3% in June, and in the three months to June it fell by 0.1%... 

Tasmanian nickel mine to restart, Transamine secures offtake

7th August 2018 Privately held Dundas Mining is restarting its Avebury nickel mine in Tasmania early next year and Swiss trading house Transamine has secured the offtake, a source familiar with the matter said on Tuesday. Avebury, which had most recently been owned by China-backed MMG, was sold to Dundas last... 

Ghanaian President sacks Energy Minister, gives no reason

7th August 2018 Ghanaian President Nana Akufo-Addo sacked Energy Minister Boakye Agyarko on Monday, a statement from the presidency said, giving no official reason. Press reports said Agyarko was removed because Akufo-Addo was unhappy with his handling of an agreement to extend an existing five-year deal with... 

Australia's Yancoal says Austar mine to restart production

7th August 2018 Coal miner Yancoal Ltd said on Tuesday that it will restart its Austar coking coal mine in New South Wales state after receiving regulatory approval to resume production. Work at the mine was halted in early July following a safety dispute with the New South Wales Resources Regulator. 

Wages, activity pick up in Australia's iron ore heartland

7th August 2018 New spending by some of the world's largest iron ore miners is tightening the market for jobs and support services in Australia's biggest mining region, bringing a sense of optimism after years in the doldrums. Spending by majors BHP Rio Tinto and Fortescue has boosted confidence throughout the... 

Russia's Rusal shuts down Nadvoitsky plant due to US sanctions

7th August 2018 ussia's Rusal, the world's largest aluminium producer outside China, has started shutting down production at one of its smaller plants as a result of US sanctions on the company, Rusal representatives said on Monday. Operations at the Nadvoitsky aluminium smelter in Russia's Karelia region... 

BHP asks for government mediation in talks at Chile's Escondida

7th August 2018 Miner BHP said on Monday that it had formally requested a period of government mediation with the union at its Escondida copper mine in Chile, the world's largest, prompting the union to postpone the start of a strike approved by workers. The two parties will meet, together with a government... 

Continental Resources inks deal with mineral royalty manager

7th August 2018 Shale oil producer Continental Resources said on Monday that it formed a subsidiary to manage mineral royalties with Franco-Nevada Corp, part of Continental's plan to diversify revenue sources. Mineral rights are often less-risky investments than drilling wells, which can carry large... 

Alcoa asks US government for tariff exemption on Canadian aluminum

7th August 2018 Alcoa Corp on Monday asked the US.Commerce Department to exempt from tariffs its purchases of 40 000 metric tons of Canadian aluminum used to make beverage cans, adding to thousands of requests for such relief. According to documents posted to its website, Alcoa said no US aluminum producer can... 

More northeast China cities cancel alumina projects amid public backlash

6th August 2018 Four more cities in northeast China's Liaoning province have abandoned their pursuit of alumina projects amid public environmental concerns, after Chaoyang last week scrapped plans to build the world's biggest alumina refinery. The new cancellations - announced in recent days by the cities of... 


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