R/€ = 16.14 Change: 0.01
R/$ = 14.51 Change: 0.01
Au 1475.67 $/oz Change: 2.41
Pt 927.00 $/oz Change: -11.07


Jiangxi Copper gets $213m loan from parent after First Quantum stake buy

By: Reuters     12th December 2019 Jiangxi Copper, one of China's biggest copper producers, will receive "financial assistance" to the tune of 1.5-billion yuan ($213.10-million) from its parent to repay loans and cut financing costs, the company said. The support from controlling shareholder Jiangxi Copper comes after the... 

First Cobalt seeks government backing to restart Canadian refinery

By: Reuters     13th November 2019 First Cobalt is in advanced talks with Canada's Ontario province to finance the $37.5-million required to restart its idled cobalt refinery, president and CEO Trent Mell said in an interview on Tuesday. If successful, such a deal would reduce First Cobalt's funding reliance on Glencore, which in... 

Hook-Block The Star Of This Overhead Crane

29th October 2019 The humble hook-block was recently elevated in status to become the key component of an electric overhead crane completed by Condra for a metal refinery. Custom designed to specification, the block comprised an electrically insulated square steel frame suspended horizontally from four rope... 

Lithium battery dreams get a rude awakening in South America

By: Bloomberg     11th October 2019 South America controls about 70% of the world’s reserves of lithium, the metal used in rechargeable batteries for mobile phones and electric vehicles, but none of the infrastructure needed to put it to work. Lithium refining and battery-assembling facilities could help kick start industries in... 

Regulation, Financing Move Sharply Into Focus In Run-Up To Africa Oil Week 2019

27th September 2019 With the attendance at Africa Oil Week (AOW) in Cape Town of South Africa’s Minister of Minerals and Energy, Gwede Mantashe, just confirmed, and last week’s news that the country’s draft oil and gas regulations are expected by the end of 2019, regulation and financing – both topics for discussion... 

Transforming brick-and-mortar companies into effective digital platforms

13th September 2019 While the Fourth Industrial Revolution has been welcomed as ushering in a new digital age in many traditional industries, senior management is grappling with how best to implement it in their businesses, and what digital tools are best to use. Assisting brick-and-mortar companies with a smooth... 

WPIC lowers platinum surplus forecast, notes healthy demand

By: Marleny Arnoldi     6th September 2019 The World Platinum Investment Council (WPIC) has adjusted its platinum supply forecast for this year downward from a 375 000 oz surplus to a 345 000 oz surplus. The WPIC stated in its latest Platinum Quarterly report, released on Friday, that refined production should grow by 5% this year, as... 

Jubilee to start operating multimetal refinery in Zambia from fourth quarter

By: Marleny Arnoldi     23rd August 2019 Aim- and AltX-listed Jubilee Metals can now start implementing a fully integrated multimetal refinery, in Zambia, following its acquisition of the refinery owned by Sable Zinc. This has been a key milestone in the company’s strategy in the country.  


By: Creamer Media Reporter      23rd August 2019 The world’s top-selling manufacturer and distributor of electric and pneumatic vibrators, OLI, now offers stainless steel industrial motors for clean and efficient plant operations. Established in 1961, OLI remains committed to delivering high-quality market-orientated products with a central... 

Nalco in the national auditor’s firing line

By: Ajoy K Das     26th July 2019 Indian State-run National Aluminium Company Limited (Nalco) has been hauled up by the national auditor Comptroller and Auditor General (CAG) for a delay in developing captive coal blocks allocated to it, which resulted in a potential loss of revenue. In its report submitted to Parliament on... 

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