R/€ = 15.54 Change: 0.00
R/$ = 13.94 Change: -0.01
Au 1416.46 $/oz Change: -3.22
Pt 855.65 $/oz Change: 8.80


Vale Q2 iron-ore output nosedives 33.8% following Brazil dam break

22nd July 2019 Brazil's Vale said on Monday that its second-quarter iron ore production tumbled almost 34% from a year ago as many of its key dams remained all or partially shut down following a deadly dam burst in January. The drop to 64.057-million tonnes came as several major mines including Brucutu, its... 

South Africa allocates extra R59bn for cash-strapped Eskom

22nd July 2019 The South African government has made an extra R59-billion available to State-owned power utility Eskom over the next two years so it can meet its obligations, a Special Appropriation Bill seen by Reuters on Monday showed. Eskom, which supplies more than 90% of the country's electricity but has... 

Europe's largest lithium project could be up and running mid-2022 -EMH

22nd July 2019 European Metals Holdings could begin operations at its Cinovec lithium project in the Czech Republic by mid-2022, and is holding preliminary discussions with potential customers, it said on Monday. Czech utility CEZ, in which the state holds a 70% share, last week said it had conditionally... 

Anglo American says Chile Los Bronces mine project will not harm glaciers, biodiversity

22nd July 2019 Anglo American said on Friday it had submitted an environmental impact study for a $3-billion project seeking to maintain output from its flagship Los Bronces copper mine in Chile. The overhaul proposes to move part of the mine underground where miners can access higher-grade copper and also,... 

Jervois Mining takes over Canada's Ecobalt, shares jump

22nd July 2019 Australian cobalt developer Jervois Mining will take over eCobalt Solutions after shareholders of the Canadian company voted in favour of the deal, Jervois said on Monday. Jervois will acquire eCobalt in a plan of arrangement that values the deal at C$57.6-million, and will become the owner of... 

Mexico environmental authority suspends Grupo Mexico facility after sulphuric acid spill

22nd July 2019 Mexico's environmental prosecutor Profepa said on Saturday it ordered the partial and temporary closure of mining and transport firm Grupo Mexico's Guaymas facility after it spilled sulfuric acid in the Gulf of California. Grupo Mexico last week said it had quickly controlled the July 9 spill,... 

Barrick could sell some of Acacia's operations after takeover - CEO

19th July 2019 Barrick Gold could sell some mining assets owned by Acacia Mining after it gains full control of its African unit, chief executive Mark Bristow told Reuters. "We will... get these businesses back on track and depending on what they look like after they are in a reasonable form, we will again... 

Rio Tinto under fire as Mongolia presses for mine deal changes

19th July 2019 Mongolia will vote in August to rip up parts of an investment agreement with Rio Tinto for the Oyu Tolgoi copper mine, which may force the miner to make concessions in a project beset by delays and political squabbles. The country owns 34% of the mine, Mongolia's biggest foreign investment... 

Zambia first-half copper output down 4% – Mines Ministry

18th July 2019 Zambia's copper production dropped 4% to 393 419 t in the first six months of the year, ministry of mines data showed on Thursday. Mines Permanent Secretary Paul Chanda attributed the decline to challenges such as declining ore grades but said full-year output is likely to exceed 2018 figures. 

Renault and Nigeria's Coscharis Group form partnership

18th July 2019 French carmaker Renault and Nigerian conglomerate Coscharis Group have formed a partnership to assemble and distribute Renault vehicles in Nigeria, the companies said on Thursday. The Coscharis Group plant will start assembling Renault Logan and Renault Duster vehicles and will distribute the... 


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