R/€ = 15.22 Change: 0.02
R/$ = 13.99 Change: -0.04
Au 1266.63 $/oz Change: 0.72
Pt 932.50 $/oz Change: 1.50


Codelco copper premiums $80 to $85 Europe, $70 China – sources

22nd October 2016 The world's biggest copper miner, Codelco, has slashed its 2017 physical copper premium to European buyers to the $80 to $85 per tonne range and is offering Chinese buyers a premium of around $70, three traders told Reuters this week. That would represent a deep cut from last year, underlining... 

TSX rises to 16-month high, led by resource shares

22nd October 2016 Canada's main stock index rose to a 16-month high on Friday as shares of energy and materials companies led broad-based gains and investors raised bets on a rate cut from the Bank of Canada. For the week, the commodity-linked TSX rose 2.4%, helped by a 15-month high on Wednesday for US crude... 

Amplats says yet to sign wage deal with unions

21st October 2016 South Africa's Anglo American Platinum (Amplats) has not yet signed a wage deal with unions, it said on Friday. "Anglo American Platinum continues to engage recognised unions and wage negotiations are progressing well," Amplats spokesperson Mpumi Sithole said. "This process is ongoing and we will... 

AMCU reaches tentative wage deals with platinum trio

21st October 2016 The Association of Mineworkers and Construction Union (AMCU) has reached wage deals in principle with platinum producers Anglo American Platinum, Impala Platinum and Lonmin, subject to final approval from its members, the union's president said on Friday. This means a strike has almost certainly... 

MTN says it complied with funds transfer rules in Nigeria

21st October 2016 MTN Nigeria complied with fund transfer rules in Nigeria and did not pay dividends until it obtained regulatory approvals to send money out of the country, denying allegations that it transferred $14-billion illegally, it said on Friday. The telecom firm said "certificates of capital importation"... 

Mali allows Randgold's offices to reopen amid tax dispute

21st October 2016 Mali's government allowed the offices of companies controlled by Randgold Resources in the capital Bamako to reopen on Friday, an economy ministry official said, after it shut them two weeks ago over a tax dispute. "The minister ordered the reopening of the offices yesterday evening. Employees... 

Genesee & Wyoming looks to snare coal volumes off Australian haulers

21st October 2016 Genesee & Wyoming is gearing up to lure business away from Australia's top two coal haulers, confident there will be stronger demand for the commodity in Asia than in other regions, the chief financial officer of the U.S. rail group said. The near doubling of Asian thermal coal prices this year... 

South Africa to withdraw from war crimes court – document

21st October 2016 South Africa is withdrawing from the International Criminal Court, according to a document seen by Reuters on Thursday, a move that would take effect one year after notice is formally received by United Nations Secretary-General Ban Ki-moon. A UN spokesperson declined to confirm receipt of the... 

Eskom and Cahorra Bassa threaten to pull the plug on Zimbabwe

21st October 2016 Zimbabwe has been given two months to pay its bills for power from South African power utility Eskom and Mozambique’s Hydro Cahora Bassa, HCB. Zimbabwe imports at least 30 percent of its power and owes Eskom about R250-million and HCB about R126-million. 

BHP Billiton chairperson says will not stand for re-election

20th October 2016 BHP Billiton chairperson Jac Nasser will not seek re-election at next year's annual general meeting (AGM), he announced on Thursday. Nasser said he had intended to announce his retirement last year but agreed to stay on at the mining company to provide stability as BHP Billiton responded to the... 

2 3 4 5 6 7 8 9 Next Last


Engineering News is a product of Creamer Media.

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Subscribe Now for $119 Close