R/€ = 16.39 Change: -0.01
R/$ = 14.50 Change: -0.01
Au 1313.16 $/oz Change: 0.80
Pt 844.00 $/oz Change: -21.74


Jubilee set to acquire Sable Zinc refinery  

By: Nadine James     22nd March 2019 Dual-listed Jubilee Metals on Friday announced that it has executed a share purchase agreement for the acquisition of the Sable Zinc refinery in Kabwe, Zambia. The refinery is situated immediately adjacent to the large stockpiles of zinc, lead and vanadium that Jubilee has contracted from BMR Group. 

Glencore suspends Australian zinc mine as cyclone nears

By: Reuters     22nd March 2019 Commodity giant Glencore on Friday said it had suspended operations at its McArthur River zinc mine in northern Australia as a cyclone approaches. Authorities have declared a state of emergency in the region as Tropical Cyclone Trevor nears, with the nation's weather bureau on Friday saying the... 

Macarthur finds buyer for Lake Giles iron-ore

By: Esmarie Iannucci     22nd March 2019 Canada’s Macarthur Minerals has inked a binding $4-billion life-of-mine offtake agreement with diversified major Glencore over the iron-ore at its Lake Giles project, in Western Australia. the terms of the agreement, Glencore would acquire an average of four-million tonnes a year of Lake Giles... 

Aeris makes a $575m offer for Glencore's CSA copper mine

By: Esmarie Iannucci     20th March 2019 ASX-listed Aeris Resources on Wednesday told shareholders that it had made diversified miner Glencore a $575-million offer to acquire the CSA copper mine, in New South Wales. The offer comprised a cash component of some $525-million and Aeris shares valued at $50-million, as well as a royalty... 

Two killed in accident at Glencore's Zambian mine

By: Reuters     19th March 2019 Two workers died in an accident at Glencore's Zambian operation Mopani Copper Mines (MCM) on Tuesday, prompting it to suspend production pending investigations, the company said. "All operations at the South Ore Body (shaft) have been suspended until further notice," the company said in a... 

Channelling Thatcher, South Africa’s President takes on its unions

By: Bloomberg     18th March 2019 In 1987, an anti-apartheid firebrand named Cyril Ramaphosa led South Africa’s biggest-ever mining strike. Some 300 000 miners – from a union Ramaphosa himself had founded – walked off the job, protesting pay and working conditions. The mining company “used fascist methods to destroy workers’... 

Huge demand for copper, cobalt, lithium and nickel in the offing as EV uptake increases

By: Tracy Hancock     15th March 2019 Investors focused on the mining sector may not fully appreciate how quickly the electric vehicle (EV) is being adopted globally, in light of the world pursuing a low-carbon emissions future, says battery metals investment vehicle Colbalt 27 Capital chairperson and CEO Anthony Milewski, who warns... 

Merafe declares record dividend on lower profit, higher output

By: Martin Creamer     11th March 2019 Chrome and ferrochrome company Merafe, which on Monday reported lower profit on higher production, has declared a record dividend that represents a distribution of 51% of headline earnings. The ungeared company had net year-end cash of R281-million and the R200-million unsecured, three-year... 

Glencore signs annual zinc treatment charges deal with Canada's Noranda

By: Reuters     11th March 2019 Global trader and miner Glencore has struck a deal with its Canadian subsidiary Noranda Income Fund on the terms of zinc treatment charges for the coming year, but did not disclose the fees, the fund said on Friday. Noranda, whose operations include a zinc processing facility in Quebec, last... 

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