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Train derailment investigation points to sabotage – Transnet

21st December 2018 Transnet hopes to re-open on Saturday one of two closed coal export lines linking mines to the Richards Bay export terminal after it was closed following a train derailment, the State-run freight company said on Friday. A preliminary investigation into the cause of the derailment points to... 

Czech coal mine blast toll rises to 13 - CTK news agency

21st December 2018 The death toll from an explosion at a Czech coal mine has risen to 13, CTK news agency reported on Friday, citing company sources. The State-run OKD company said a methane blast more than 800 m underground devastated areas of the CSM hard-coal mine, near the town of Karvina, on Thursday. 

Congo postpones Sunday's presidential vote by a week

21st December 2018 Democratic Republic of Congo's election board has postponed a long-anticipated presidential vote scheduled for Sunday by one week until December 30 after a fire destroyed voting materials. Already delayed repeatedly since 2016, the poll is meant to choose a successor to President Joseph Kabila,... 

Mexico plans no drastic changes to mining sector - official

21st December 2018 The head of Mexico's mining industry said the new government does not seek to implement drastic changes in the sector, cancel concessions or raise royalties that companies pay to extract minerals. At the end of last month, shares of Mexico's main mining companies fell more than 10% after the... 

South Africa coal train derails, export line shut - Transnet

20th December 2018 A 200-wagon coal train derailed in South Africa on Thursday, shutting down the rail line that links mines to the Richards Bay export terminal, freight firm Transnet said. The crew were unhurt in the incident in which 51 wagons derailed, the State-run company said. 

State asset manager buys up struggling Denel's bonds

20th December 2018 South Africa's state asset manager has quietly bought up almost 90% of cash-strapped arms manufacturer Denel's bonds in the past 12 months, data from the country's main securities depositary showed. The previously undisclosed funding by the Public Investment Corporation (PIC), which manages... 

Orocobre says lithium carbonate prices slump, does not see recovery soon

20th December 2018 Shares in Orocobre tumbled on Thursday, dragging on other lithium producers, after it said prices it received for its lithium carbonate sank sharply this quarter, and that it did not see prospects for a strong rebound early next year. Orocobre will receive an average of $10 800/t on about 2 850... 

Codelco agrees 3-year 'evergreen' deals with clients in strategy overhaul

20th December 2018 Chilean State miner Codelco has agreed to sell France's Nexans, China's Minmetals and US-based Southwire 50 000 t to 100 000 t of copper each from 2019 to 2021 in rolling deals known as "evergreens", sources close to the matter said. The contracts - which roll annually, meaning that from 2020... 

Zambia pricing itself out of global mining market -industry body

20th December 2018 Zambia is pricing itself out of the global mining market with proposed increases in mining taxes, the head of the local mining body said on Thursday. Some mines would become loss-making as a result of the Zambian government's plans to impose new mining duties and increase royalties to bring down... 

Public Protector asks Ramaphosa to discipline Treasury official over dishonesty

19th December 2018 The Public Protector on Wednesday ordered President Cyril Ramaphosa to discipline Treasury Director-General Dondo Mogajane for not disclosing a criminal conviction when he applied for his job. Public Protector Busisiwe Mkhwebane told reporters she had directed Ramaphosa to take disciplinary... 


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