R/€ = 15.54 Change: 0.01
R/$ = 13.23 Change: -0.01
Au 1285.74 $/oz Change: -0.38
Pt 976.00 $/oz Change: -1.50


Biofuels company launches franchise solution

     18th August 2017 Cape Town-based biofuel company Biogreen Diesel will start franchising its ‘Biodiesel & Research model’, to aid in the expansion of the industry and simultaneously increase awareness of biofuels in the region. The company, having made the announcement in June on its website, says it felt it had... 

This Canadian copper giant is missing best of metal's surge

By: Bloomberg     12th August 2017 As copper producers from Freeport-McMoRan to BHP Billiton ponder what to do with the windfall from surging prices, First Quantum Minerals has no such dilemma. Unlike most of its peers, First Quantum’s copper sales are fully hedged – at an expected average price of $2.37/lb for the second half of... 

Odebrecht to exit Angola diamond mine, sources say

By: Reuters     2nd August 2017 Odebrecht SA, the Brazilian conglomerate selling assets in the wake of a corruption scandal, has agreed to sell a 16.4% stake in the world's No. 4 diamond mine to a partner, a person with direct knowledge of the transaction said on Tuesday. According to the person, Odebrecht exited Sociedade... 

BMI index shows policy determines market attractiveness in Latin America

By: Henry Lazenby     20th July 2017 With policy being of the utmost importance when determining market attractiveness, countries with reliably stable  business environments will continue to dominate the top mining risk/reward index scores in the Americas, reflecting miners' prioritisation of reducing risk, given a volatile mineral... 

Explorer Orla adds oxide ore project to portfolio

By: Henry Lazenby     22nd June 2017 Vancouver-based major Goldcorp has agreed to sell its Camino Rojo project, in Zacatecas, Mexico, to fellow Vancouver-based junior explorer Orla Mining, adding an advanced oxide heap leach project with significant gold reserves and resources in a favourable mining jurisdiction to Orla’s portfolio.... 

Sol Real solar photovoltaic power plant project, Panama

By: Sheila Barradas     16th June 2017 Enel brought the Sol Real project into production in April. 

$5.48bn Panama project on track for 2018 commissioning

By: Esmarie Swanepoel     18th May 2017 The $5.48-billion Cobre Panama copper project, being developed by First Quantum Minerals, is on track for commissioning in 2018. Speaking at the Paydirt Latin America Downunder conference, in Perth, First Quantum global exploration director Mike Christie said on Thursday that the company was... 

First Quantum executive director Rowley resigns

By: Henry Lazenby     18th May 2017 One of the co-founders of Canadian base metals producer First Quantum Minerals Martin Rowley will retire on June 30. He co-founded the company with Philip Pascall and Clive Newall in 1996, and served as CFO and director until 2007, when he assumed the role of executive director for business... 

Dredging of Port of Maputo access channel completed

By: Irma Venter     14th April 2017 The dredging of the access channel to the Port of Maputo from 11 m to up 14.4 m (chart datum) has been completed. “Those three additional metres allow us to affirm, with pride, that we are a port prepared to receive Capesize ships,” says Maputo Port Development Company (MPDC) CEO Osório Lucas. 

World's newest copper mine is a loner until prices rebound

By: Bloomberg     8th March 2017 The end of the commodities super-cycle has left just one new major copper mine on the verge of production. Its owner says prices need to recover further before others are built. Cobre Panama, a sprawling openpit mine being developed by First Quantum Minerals in the central American nation, is set... 

Port of Maputo entrance channel dredge completed

By: Irma Venter     1st March 2017 The dredging of the access channel to the Port of Maputo from 11 m to up 14.4 m (chart datum) has been completed. “Those three additional metres allow us to affirm, with pride, that we are a port prepared to receive Capesize ships,” says Maputo Port Development Company (MPDC) CEO Osório Lucas. 

Growth in copper supply to slow through 2020 – ICSG

By: Henry Lazenby     24th February 2017 Global copper mine production growth is expected to slow to 2.5% a year through 2020, down from an average growth rate of almost 4% a year in the last five years, the International Copper Study Group (ICSG) said on Thursday. The Lisbon, Portugal-based think tank cited continued delays in project... 

The great autocrat

By: Keith Campbell     16th December 2016 One of the highest points of my career as a journalist happened, back in 1994, when I interviewed then Cuban President Fidel Castro, in Pretoria. He was attending the inauguration of President Nelson Mandela. Castro was unquestionably a very impressive man. And there can be no doubt that, love... 

The impending trade facilitation agreement

By: Riaan de Lange     16th December 2016 Two years ago, December 12, 2014 to be exact, my last column for the year was simply titled, ‘Trade facilitation’, and now again, my final column for 2016 is devoted to trade facilitation - the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) that is. This time around, however,... 

‘Get out of Jail Free’ card

By: Riaan de Lange     28th October 2016 The nonalcoholic equivalent of igniting tens fights to a bottle in most South African family environment of years gone by was, without doubt, a board game. What would a scarred childhood be without a single memory of a board game that escalated to a battle of wills, culminating in a full-blown... 

Supply of LNG increasing despite economic downturn

By: Kimberley Smuts     26th August 2016 Although there has been a global slowdown in economic activity, global liquefied natural gas (LNG) supply has increased, owing to a surge in supply projects approved before the drop in the price of gas in 2014, says KPMG energy economist Dr Requier Wait. “On the demand side, gas-fired power... 

Panama Canal expansion project, Panama

By: Sheila Barradas     12th August 2016 The Panama Canal has added a third set of locks, one at each end of the Pacific and Atlantic coasts of the canal. 

First Quantum sets new quarterly records for production, sales

By: David Oliveira     29th July 2016 Canadian base metals producer First Quantum Minerals (FQM) set a new quarterly record for copper production and sales of 131 349 t and 132 030 t, respectively, in the three months to June 30, surpassing previous records set in the first quarter of this year. The company’s Sentinel copper mine, in... 

Dover Systems announces more major International orders.

     18th July 2016 South African Psychometric Testing Program – The Dover Test –Latest export orders to Guinea Bauxite, West Africa and Panama Gold, has expanded its positive degree of international success. The Dover Test ( with has been an industry standard for the past 30 years.  Expansion... 

Inaugural World Canals Awards opens for entries

     8th July 2016 Scottish Canals has launched the first-ever World Canals Awards and is calling for organisations from around the globe to submit engaging, innovative and inspirational projects taking place on and along the world’s waterways. The winners will be announced at the prestigious World Canals... 

Copper’s $149bn mine pipeline stalls as deficit nears

By: Bloomberg     7th July 2016 The $149-billion pipeline to expand the world’s copper supply is running into trouble. Producers are counting on expansions and the development of new operations to meet supply shortages they forecast arriving toward the end of the decade. The plans are fraying as reluctant lenders, political... 

Bell spreads its dealer footprint across South America

     28th June 2016 The appointment of three new dealers in South America in recent months has positioned South African heavy equipment manufacturer and Articulated Dump Truck specialist, Bell Equipment, to expand its footprint and market share on the continent. Raico SA and Seijiro Yazawa Iwai, two Liebherr... 

Bellhaven stock rises 20% on closing oversubscribed offering

By: Henry Lazenby     25th June 2016 Panama and Colombia-focused explorer Bellhaven Copper & Gold’s shares listed on the TSX-V jumped 20% on Friday after the company announced that its nonbrokered private placement offering of C$500 000, which was later increased to $620 000, owing to better-than-expected investor demand, had... 

World Canals Conference speakers announced

     10th June 2016 The 2016 World Canals Conference is shaping up to be the best yet, with a trio of high-profile experts from the Americas the latest additions to an array of world-renowned speakers set to take part in the prestigious event in Scotland this September. Hosted on the banks of the majestic Caledonian... 

Post-Panama, there are lessons to be learnt in fighting corruption 

By: Natasha Odendaal     30th May 2016 The so-called Panama Papers should be used as a launchpad to develop multi-jurisdictional efficiencies and to promote an exchange of best practices globally to fight corruption and mitigate widespread illicit financial flows. Swiss Foreign Ministry public international law and legal adviser and... 

Transparency equals bankability, World Diamond Congress hears

By: Martin Creamer     19th May 2016 The large number of bad-debt bankruptcies in the diamond industry in recent years was aired on the second day of the 37th World Diamond Congress in Dubai, where much emphasis was again placed on the critical need for financial transparency. De Beers commercial development head Howard Davies drew... 

Miners adapting to more austere fundamental backdrop – report

By: Henry Lazenby     17th May 2016 Mining companies, in general, are adapting to a more austere fundamental backdrop, despite a recent announcement in Chinese media that the country would be removing stimulus and reprioritising reforms, which caused significant apprehension during Bank of America Merrill Lynch’s (BofAML’s) recent... 

Deal struck for disposal of SABMiller’s Panamanian business

By: Tracy Hancock     13th May 2016 Multinational brewing and beverage company Anheuser-Busch InBev (AB InBev) has agreed to transfer JSE-listed SABMiller’s Panamanian business to Latin-American brewing company Ambev, should its merger with the South African beer and soft drinks company be successful. In exchange, Ambev agreed to... 

G-20 threatens penalties on tax havens

By: Bloomberg     29th April 2016 Group of 20 (G-20) economies threatened to penalise havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion. The G-20 will consider “defensive measures” against financial centers and jurisdictions that don’t commit... 

Costa Norte liquefied natural gas project, Panama

By: Sheila Barradas     22nd April 2016 The project comprises the development, construction, operation and maintenance of an integrated gas-to-power project on Telfers Island. 

Urgent probe for Zimplats after Panama Papers leak

By: News24Wire      6th April 2016 Impala Platinum and government officials in Zimbabwe will probe the alleged involvement of the company's Zimplats unit after leaked papers showed it used an offshore company to pay salaries of management in Zimbabwe. Fin24 reported on Monday that Zimplats had been implicated in the Panama Papers.... 

Call for action against Khulubuse Zuma after he is named in Panama Papers

By: African News Agency      4th April 2016 Solidarity on Monday called on liquidators of the failed mining company Aurora to investigate Khulubuse Zuma after his name was mentioned in the Panama Papers, an unprecedented leak of 11.5-million files from the database of Mossack Fonseca, a law firm specialising in offshore business. Zuma,... 

Panama Canal expansion project

By: Sheila Barradas     18th March 2016 The testing of the Atlantic-facing Agua Clara locks’ water-saving basins has been completed. 

World Canals Conference speakers & sponsors announced

     15th March 2016 The 2016 World Canals Conference is shaping up to be the best yet, with an array of world-renowned speakers and high-profile sponsors signing up to take part in the prestigious event in Inverness this September. Hosted on the banks of the majestic Caledonian Canal, the conference will see... 

First Quantum rings the alarm bell

By: Henry Lazenby     20th February 2016 Base metals miner First Quantum Minerals on Thursday night rang the alarm bell that it might be at risk of breaching certain debt financing covenants this year, placing the company’s ability to continue operating as a going concern in jeopardy. The Vancouver-based company had been dealing with a... 

DMCC Executive Chairman Ahmed Bin Sulayem receives honorary membership during visit to World Jewelry Hub

     9th February 2016 Ahmed Bin Sulayem, Executive Chairman, DMCC, has been presented with Honorary Membership of the World Jewelry Hub its Chairman Eli Izhakoff in Panama City this week. Ahmed Bin Sulayem, also the Chairman of the Kimberley Process, visited Panama as a guest of the WJH. During the visit, he was... 

Diamante strikes royalty deal to restart Molejon ops

By: Henry Lazenby     4th February 2016 US minerals explorer Diamante Minerals has concluded negotiations with Molejon mine owner Petaquilla Gold for royalties on gold produced at the Panama-based mine. The explorer agreed to a 12.5% royalty for 12 months on 1 000 a month, and a further 5% royalty on every ounce produced above that... 

Panama Canal expansion project

By: Sheila Barradas     22nd January 2016 The Panama Canal is another step closer to opening this year. 

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