R/€ = 13.71 Change: -0.27
R/$ = 12.60 Change: -0.13
Au 1258.60 $/oz Change: 10.33
Pt 980.00 $/oz Change: 15.50


Joffe bows out as Bidcorp executive to list new firm

27th March 2017 South Africa's Brian Joffe will step down as executive chairperson of foodservice group Bidcorp at the end of June to launch his own investment firm, Bidcorp said on Monday. Bidcorp was spun out of Bidvest in a $5-billion listing, South Africa's largest in 2016, on the JSE in May last year. 

Zuma recalls Gordhan from international roadshow, rand falls

27th March 2017 President Jacob Zuma ordered Finance Minister Pravin Gordhan to return from an investor roadshow to Britain and the US on Monday because he "did not give permission for the trip", a government source said. Appointed in late 2015 after a predecessor's sudden sacking, Gordhan was in London for the... 

11 killed in two gold mine accidents in central China – Xinhua

27th March 2017 Accidents at two neighbouring gold mines in central China's Henan province killed 11 people on Friday, the official Xinhua news agency reported, citing local authorities. Thick smoke engulfed a pit at the Qinling gold mine of China National Gold Group in Lingbao City on Friday morning, trapping... 

Glencore to halt operations at two Australian coal mines due to cyclone

27th March 2017 Glencore said on Monday it was halting operations at its Collinsville and Newlands coal mines in Australia ahead of Cyclone Debbie's arrival in northern Queensland on Tuesday. "We are preparing to temporarily suspend production at our Collinsville and Newlands coal mines but do not envisage any... 

BHP Billiton shuts South Walker Creek coal mine ahead of Cyclone Debbie arrival

27th March 2017 Mining giant BHP Billiton said on Monday it was suspending operations at its South Walker Creek coal mine in Queensland with Cyclone Debbie expected to bear down on Australia on Tuesday close to the site. "BHP Billiton Mitsui Coal (BMC) South Walker Creek Mine is close to the official warning... 

Glencore bond tanks and scuppers Anglo's return

25th March 2017 Anglo-Swiss miner Glencore sold its first US dollar bond in two years on Tuesday, but the deal tumbled after pricing as a global sell-off added to a backlash against the deal's tight spread. The $1-billion ten-year trade is the company's first since April 2015, and follows a recovery in... 

Escondida outcome seen as disaster for BHP as workers return

25th March 2017 The end of a historic strike at Chile's Escondida copper mine, the world's biggest, has left its owner, BHP Billiton, nursing an estimated $1-billion loss and probably in a weaker position for negotiations in a year or so, company and industry insiders said. On Thursday, the 2 500-member union... 

Brazil's Vale says US court annuls most of class action over dam disaster

25th March 2017 Brazilian miner Vale said on Friday the US District Court for the Southern District of New York annulled the majority of a class action lawsuit against the company and executives over the collapse of a tailings dam in Brazil in 2015. The only parts of the case that remain ongoing are linked to... 

South Africa's maize output seen rising 84% in 2017

24th March 2017 South African farmers are expected to harvest 84% more maize this season compared with last season as yields were boosted by increased rains, a Reuters survey of five traders and market analysts showed on Friday. The government's Crop Estimates Committee (CEC), which will provide its second... 

Argentina says Enirgi, Orocobre to invest $880m in lithium

24th March 2017 Miners Enirgi Group Corporation and Orocobre will expand their production of lithium in Argentina with investments of $720-million and $160-million, respectively, Argentina's government said on Thursday. Argentina is the world's No. 3 producer of lithium, a hotly demanded material used in car... 

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