R/€ = 15.62 Change: 0.14
R/$ = 13.43 Change: 0.15
Au 1268.70 $/oz Change: 3.84
Pt 873.00 $/oz Change: 8.24


Three miners killed in accident at Sibanye gold mine

11th June 2018 Three gold miners were killed in South Africa on Monday at a Sibanye-Stillwater plant and the company said rescue teams are searching for two others. At least 18 people have died at Sibanye's South African mines this year including seven trapped underground at the Masakhane mine in May. 

Workers at BHP's Spence copper mine in Chile approve labour contract

11th June 2018 Unionised workers at BHP Billiton's Spence copper mine in northern Chile have approved a new labor contract, union president Ronald Salcedo said on Monday. Spence is one of the Anglo-Australian miner two mines in Chile. The other, Escondida, the world' largest copper mine, earlier this month... 

Germany sees no quick solution to trade row with US, open to talks

11th June 2018 Germany sees no immediate solution to the trade dispute between the United States and other major economies but remains open to talks "among friends", Economy Minister Peter Altmaier said on Monday, seeking to head off a full-blown global trade war. US President Donald Trump backed out of a joint... 

'No sacred cows': SAA boss plans deep cuts

11th June 2018 Six months into the job of running loss-making South African Airways, Vuyani Jarana is mapping out a punishing austerity plan. Jarana, who faces the daunting task of turning the flag carrier around, said layoffs and other cuts were unavoidable as he contends with a draining cost-to-income ratio... 

Public sector strike off as wage deal signed

11th June 2018 A strike by South African public sector workers planned to start on Monday was called off after most trade unions accepted a government pay offer that exceeds Treasury provisions for salary increases. The stoppage was cancelled when more than 50% of unions in a bargaining council agreed to the... 

Morocco, Nigeria agree on next steps for offshore/onshore gas pipeline

11th June 2018 Morocco and Nigeria on Sunday signed a joint declaration in Rabat laying out the next steps for the completion of a gas pipeline deal that will be built onshore and offshore, Moroccan state news agency MAP said. The two countries agreed to the pipeline in December 2016 and launched feasibility... 

Egypt, Ethiopia agree to settle differences over Nile mega-dam

11th June 2018 The leaders of Ethiopia and Egypt vowed on Sunday to iron out their differences over a dam Addis Ababa is building on the Nile River that Cairo fears threatens its water supplies. Talks over the Grand Renaissance Dam, Ethiopia's $4-billion hydroelectric project, have been deadlocked for months.... 

South African Airways' catering unit plans to cut 118 jobs – union

11th June 2018 South African Airways' (SAA) catering arm plans to lay off 118 workers, the National Union of Metalworkers of South Africa (Numsa) said, as the struggling airline implements a turnaround strategy to restore profitability. Numsa said it had received notice of the layoffs from the catering arm,... 

Botswana cancels plans to sell troubled power plant to Chinese firm

11th June 2018 Botswana has scrapped talks to sell a power station plagued by technical problems to a state-owned Chinese company linked to the plant's builder, an official document seen by Reuters showed. The 600 MW coal-fired Morupule B plant, which was commissioned in 2012 and built by China National... 

Congo mining code regulations signed into law – aides

11th June 2018 Regulations to implement Congo's new mining code have been signed into law with no changes, advisers to the prime minister told Reuters on Saturday, despite objections from mining firms that have been threatening legal action. Prime Minister Bruno Tshibala signed the regulations into law... 


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