R/€ = 15.51 Change: 0.17
R/$ = 13.89 Change: 0.27
Au 1350.66 $/oz Change: 4.14
Pt 1150.50 $/oz Change: 5.50


Cameco posts surprise loss on weak uranium prices, shares dive

29th July 2016 Cameco Corp , the world's No.2 uranium producer, reported a surprise quarterly loss due to weak uranium demand and prices, sending its shares down 7% to touching a nearly 12-year low of C$12.87. The Canadian company said uranium sales volumes fell 37% to 4.6-million pounds in the second quarter,... 

Trade surplus shrinks to R12.53bn in June

29th July 2016 South Africa recorded a trade surplus of R12.53-billion ($886-million) in June, from a revised record surplus of R18.37-billion rand in May, data from the national revenue agency showed on Friday. Exports inched up 0.7% to R105.2-billion on a month-on-month basis, while imports were up 7.6% to... 

Eskom urges NUM union members not to strike on August 8

29th July 2016 South Africa's power utility Eskom has urged National Union of Mineworkers members who are planning to hold a strike on August 8 to report for work as they provide an essential service, a spokesman said on Friday. "People who work for institutions like Eskom, the laws of the nation say we can't... 

Britain casts doubt on EDF's Hinkley Point nuclear plan

29th July 2016 Britain's new government has cast doubt over a project with French energy company EDF to build the UK's first new nuclear plant in decades, delaying a decision on the plan just a day after the company's board voted to proceed. In a surprise move, the government said it wanted to give the Hinkley... 

EU raises duties on steel rebar imports from China

29th July 2016 The European Union (EU) will imposed duties on imports from China of steel bars used to reinforce concrete at rates higher than initially proposed, the EU's official journal said on Friday. The bloc has set definitive anti-dumping duties on high performance reinforcement bars (HFP rebars) at... 

South Africa regulator to look into incorrect bourse data

29th July 2016 South Africa's Financial Services Board (FSB) said on Friday it would look into a programming error that resulted in the JSE Ltd, which runs the stock exchange, to publish incorrect data about the trading of equities by non-residents. "The error has raised concerns in the market and amongst... 

Gordhan says domestic, global growth outlook bleak

29th July 2016 South African Finance Minister Pravin Gordhan said on Friday that the domestic and global growth outlooks remained bleak and sounded a warning about the financial health of state-owned companies, which include power utility Eskom "As a country we are operating in a global environment that is not... 

Myanmar urged to follow shake-up of jade industry with more action on transparency

29th July 2016 Myanmar's decision to shake up its multi-billion dollar jade business is a ground-breaking opportunity to stop human rights abuses and increase transparency, but more needs to be done to create a more inclusive economy, activists said on Thursday. The government announced late on Wednesday it... 

Goldcorp puts Los Filos mine in Mexico on block, eyes other sales

29th July 2016 Goldcorp Inc has put its Los Filos gold and silver mine in Mexico on the block and is also looking at selling two other non-core mines, chief executive David Garofalo said on Thursday. Vancouver-based Goldcorp has started a formal sales process for the Los Filos mine, Garofalo said in an... 

Vale's Mozambique unit stops using Sena railway after attacks – State news agency

29th July 2016 Brazil's Vale has stopped transporting coal on the Sena railway line in Mozambique which carries coal from the interior to the Indian Ocean port of Beira after gunmen attacked a train, Mozambique's state news agency (AIM) said on Thursday. "The train was ambushed as it passed through Inhamitanga,... 

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