R/€ = 16.02 Change: -0.25
R/$ = 13.53 Change: -0.13
Au 1288.45 $/oz Change: 7.28
Pt 926.50 $/oz Change: 6.00


Japan transport ministry considering checks of cars, trains using Kobe Steel products – Kyodo

19th October 2017 Japan's transport ministry is considering convening a meeting to probe the safety of automobiles, trains and planes using products from scandal-hit Kobe Steel, Kyodo reported on Thursday. With the data falsification scandal at Japan's No. 3 steelmaker affecting a wide range of manufacturers, the... 

Jiangxi Special Electric plans to take stake in Australian lithium miner

19th October 2017 China's Jiangxi Special Electric Motor said on Thursday it planned to buy a stake in an Australian lithium mining and exploration company, the latest electric vehicle company to scoop up supplies of raw materials. Jiangxi, which makes electric vehicles and lithium batteries, said its German... 

Barrick Gold, Tanzania reach agreement, govt to take stake in mines

19th October 2017 Barrick Gold has agreed that Tanzania will own a 16% stake in three gold mines operated by Barrick's Acacia Mining, the company and a government minister announced on Thursday. Barrick chairperson John Thornton told a news conference in the Tanzanian capital that the company had also agreed to... 

FBI opens investigation into South Africa's Guptas – FT

19th October 2017 The FBI has opened an investigation into US links to South Africa's Guptas, escalating a scandal over the family's alleged use of a friendship with President Jacob Zuma to control state businesses, the Financial Times said on Thursday. Separately, Britain's banking regulator, the Financial... 

China's Jiangxi Copper has plans for M&A in Africa – chairperson

19th October 2017 State-owned China metals firm Jiangxi Copper plans to make an acquisition in mineral-rich Africa, president and chairperson Long Ziping said, as the country's top integrated copper producer aims to step up overseas expansion. Long, appointed chairperson last month, didn't identify potential... 

RBPlat drops Gupta-linked contractor

19th October 2017 South African platinum producer Royal Bafokeng Platinum said on Thursday it was dropping the services of contractor JIC Mining Services, majority owned by Oakbay Investments, the main company operated by the Gupta family. RBPlat, a black-owned midtier producer of the precious metal, is the latest... 

South African court revokes shale gas regulations – AgriSA

19th October 2017 South Africa's High Court has quashed regulations governing proposed shale gas fracking, farmers lobby AgriSA said on Thursday after taking the government to court to stop fracking in the Eastern Cape province. The ruling marks the latest setback to South Africa's shale gas ambitions after a... 

Brazil miner Vale seals share conversion, elects new board members

19th October 2017 The remaining preferred shareholders of Brazil's Vale SA on Wednesday voted to accept a plan obliging them to convert their shares into a single stock class, finalizing a process that is part of the miner's bid to improve corporate governance. The move was approved by the remaining preferential... 

Angola is not the next Venezuela, state oil firm says as it cuts debt

19th October 2017 Angola is not the next Venezuela, the head of State oil firm Sonangol said on Wednesday while pledging to further cut debt, even if both oil-rich nations have relied heavily on loans from China. Venezuela, the Latin American oil behemoth, has found itself struggling to repay debts to China and... 

South Africa's poor tax revenues to delay fiscal consolidation

19th October 2017 South Africa's finance minister is expected to address concerns over dwindling tax revenues in his mid-term budget on Wednesday to reassure credit agencies of his commitment to a tighter purse, a Reuters poll found. Malusi Gigaba is due to give his first review on finances on Oct. 25 and... 

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