R/€ = 16.34 Change: 0.01
R/$ = 14.24 Change: 0.01
Au 1231.90 $/oz Change: -0.60
Pt 832.50 $/oz Change: 4.25


Australia's Atlas Iron names ex-Hancock executive CEO in board overhaul

15th October 2018 Australian Atlas Iron on Monday named Sanjiv Manchanda as chief executive in a board overhaul, replacing Cliff Lawrenson amid an acquisition by billionaire Gina Rinehart's Hancock Prospecting. Manchanda has earlier served as Head of Project Development for Hancock Prospecting. 

Kazatomprom may sell 25% stake in London/Astana float

15th October 2018 Kazakhstan's Kazatomprom, the world's biggest uranium producer, said it plans to float up to a 25% stake in an initial public offering (IPO) in London and Astana, but did not confirm whether the listing was still on track for this year. The global market for IPOs has been hit by recent turmoil... 

Chile environmental court orders Barrick to close Pascua-Lama gold mine

15th October 2018 Chile's environmental court on Friday ordered Canada's Barrick Gold to definitively close the Chilean side of its stalled Pascua-Lama mining project, a final procedural step that draws a line under a long-running saga. The court, sitting in the northern Chilean city of Antofagasta, approved by... 

KenGen says new geothermal plant nearly ready

12th October 2018 KenGen's new 165.4 MW capacity plant powered by geothermal steam is three quarters complete and on schedule for commissioning next July, Kenya's main electricity producer said on Friday. Geothermal steam, hot underground steam found in the Rift Valley which is used to drive turbines for... 

Exxaro looks to fill Eskom coal shortage

12th October 2018 Exxaro Resources said on Friday it was looking to supply coal to state-owned power utility Eskom, which has been hit by supply shortages, posing a threat to the power supply in Africa's most industrialised economy. Eskom, which has fewer than 20 days of coal supply at 10 of its power stations,... 

Chilean court freezes sale of stake in lithium giant SQM to Tianqi

12th October 2018 SANTIAGO – A Chilean court on Thursday suspended the sale of a coveted stake in lithium producer SQM to China's Tianqi Lithium, saying it will consider a lawsuit filed by the Chilean company's controlling shareholders, who oppose the deal. The lawsuit, filed on Wednesday, alleges a previous... 

Court says Colombia votes cannot block mining, oil projects

12th October 2018 Colombia's constitutional court on Thursday ruled that local referendums that ban mining and oil extraction cannot halt energy projects, after a raft of votes spooked multinational companies. A wave of environmentally focused anti-mining referendums over the past 18 months have worried... 

Sierra Leone axes plan to build Chinese-funded airport

12th October 2018 Sierra Leone's government has terminated a $400-million scheme to build a new airport with Chinese labour and loans, according to a letter written last week by the country's minister of transport and aviation, reviewed by Reuters. The plan – one of many Chinese infrastructure projects that have... 

Tiger Brands reopens processing facility after listeria outbreak

12th October 2018 Tiger Brands said on Friday it had re-opened a facility that was closed after South Africa's biggest food producer was implicated in the world's largest outbreak of listeria which killed more that 200 people. The health department recalled processed meat products known as "polony" and closed some... 

Malaysian minister offers to step down from review of Lynas rare earth plant

12th October 2018 The Malaysian minister in charge of a committee reviewing Australian rare earth miner Lynas Corp's plant has offered to step down following company criticism that she would not be impartial. Malaysian Deputy Minister to the Prime Minister's Office Fuziah Salleh said in a statement on Friday that... 

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