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Reuters

Vedanta postpones quarterly results amid going-private offer process

2nd August 2018 Miner Vedanta Resources, which is set to be taken private by chairman Anil Agarwal, postponed its quarterly production results to next Monday. Agarwal's family trust offered about $1-billion in cash to take the London-listed company private earlier this week. 

Barrick Gold makes China investor push as markets slump

1st August 2018 Barrick Gold Corp will make a bigger push to attract institutional investors in China under a new deeper-ties pact with Shandong Gold, aimed at bolstering its shareholder base, executives told Reuters. Bruised by a strong US dollar, the price of gold is nearing a one-year low, with speculators... 

Auto suppliers retool to chase electric vehicle bonanza

1st August 2018 In what seems to be a magic trick, Dele Fayemi runs a batch of batteries in a beaker of boiling water - a physical impossibility that should cause a short circuit. But instead of a highly-dangerous combination of water and electricity, the 3M Co (MMM.N) engineer is testing the batteries in Novec,... 

Gold pinned near one-year lows on dollar strength

1st August 2018 Gold was stable near one-year lows on Wednesday on a stronger dollar, as the market waited for signals on the direction of US monetary policy from a Federal Reserve meeting later in the day. Spot gold edged down 0.1% to $1 223.08 per ounce by 1045 GMT, close to a one-year low of $1 211.08 reached... 

Rio Tinto concerned about trade war, but suffered no impact so far – CEO

1st August 2018 Global miner Rio Tinto is concerned about an escalating trade war between the United States and China but has yet to feel any impact from it, CEO Jean-Sébastien Jacques said on Wednesday. "To date it has had limited to no impact on Rio Tinto," Jacques told reporters. Rio has had no issues with... 

Rare blue diamonds may be Earth's deepest secret

1st August 2018 The Hope Diamond, a rare blue diamond that is one of the world's most famous jewels, has had a complicated history, passing through the hands of monarchs and bankers and heiresses and thieves before landing for all to see at a Washington museum. The geological history of blue diamonds is even... 

AMSA swings to H1 profit

1st August 2018 ArcelorMittal South Africa (AMSA) swung back to a modest profit in the first half of the financial year, boosted by higher steel prices and upbeat sale volumes, the firm said on Wednesday. Diluted headline earnings per share (HEPS) for the six months ended 30 June, 2018, is 5c a share compared... 

Sherritt sees soft cobalt prices as temporary trend

1st August 2018 Sherritt International Corp said on Tuesday that recent weakness in the price of cobalt, a key material in rechargeable batteries, is expected to be temporary as demand continues to grow from the electric vehicle market. Toronto-based Sherritt said prices softened in the second quarter on... 

Battery chemical surplus sparks plunge in cobalt price

31st July 2018 A surplus of cobalt chemicals used to make the rechargeable batteries that power electric vehicles has seen Chinese refiners switch to producing metal, sending prices down 30 percent in recent months. The electric-vehicle revolution is expected to boost demand and prices for cobalt, which... 

Trade surplus jumps to R12bn in June

31st July 2018 South Africa's trade surplus widened to R12-billion ($917-million) in June from a revised R3.84-billion surplus in May, data from the revenue agency showed on Tuesday. Exports rose by 7.1% on a month-on-month basis to R110-billion in June, while imports dipped 0.9% to R98-billion, the South... 

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