R/€ = 15.64 Change: 0.00
R/$ = 13.94 Change: 0.00
Au 1425.38 $/oz Change: -13.78
Pt 843.26 $/oz Change: -12.18


CEO Collymore dies of cancer after steering Safaricom's expansion

1st July 2019 Bob Collymore, the CE who helped to turn Safaricom into East Africa's most profitable company with an $11-billion valuation, has died after a nearly two-year long battle with cancer. Collymore, who took the top job with the Kenyan company in 2010, oversaw an increase of nearly 500% in its share... 

GFG Alliance targets more modest $700m Australia IPO for steel unit – sources

1st July 2019 London-based conglomerate GFG Alliance is targeting to list parts of its Australian Liberty Steel business in a deal that could fetch about A$1-billion ($701-million), banking and industry sources close to the company told Reuters. That is a more modest target than indicated when executive... 

Eco Oro pulls out of Colombia gold concession amid legal battle – letter

28th June 2019 Eco Oro Minerals Corp has pulled out of its Angostura gold concession in Colombia amid a legal battle with the Andean country over environmental restrictions the Canadian miner said made the project impossible, according to a company letter. The March 29 letter to the mining minister was... 

Codelco's Chuquicamata fully operational following strike

28th June 2019 Chile's Codelco, the world's top copper miner, told Reuters on Friday that its Chuquicamata copper mine was once again fully operational following a two-week long strike that had docked output from the sprawling deposit. The three largest labor unions at the mine voted last night to accept the... 

Zambian court withdraws order blocking disposal of Vedanta unit assets

28th June 2019 A Zambian court on Friday withdrew an earlier order blocking a provisional liquidator at Vedanta's Konkola Copper Mines (KCM) business from disposing of KCM's assets or making arrangements with its creditors. The about-turn from the Zambian High Court is the latest twist in a dispute between... 

South Africa posts R1.74bn trade surplus in May

28th June 2019 South Africa recorded a R1.74-billion trade surplus in May after a revised R3.53-billion deficit in April, data from the revenue service showed on Friday. Exports rose 8.1% on a month-on-month basis to R112.1-billion rand in May, while imports climbed 3% to R110.3-billion, the South African... 

South Africa's entire coal line to be shut for maintenance – Transnet

28th June 2019 South Africa will shut down its entire rail network transporting coal from pits to customers for almost two weeks to undertake scheduled repairs, State-owned freight rail logistics firm Transnet said on Friday. Transnet Freight Rail said the shutdown, from July 2 to 11, would cover the entire... 

Conco wins eSwatini solar power project

28th June 2019 South Africa's Consolidated Infrastructure Group (Conco) has won a $16-million contract to build a 10 MW solar project, in eSwatini, the firm said late on Thursday. The kingdom, formerly known as Swaziland, imports 80% of its electricity from South Africa's troubled utility Eskom but is looking... 

Nyrstar extends production stoppage at Port Pirie smelter

28th June 2019 Metals and mining company Nyrstar extended a production stoppage at its Port Pirie lead and zinc smelter in Australia, it said on Friday. The force majeure will continue into July 2019, the Belgium-based company said in a statement, adding that it expects now both TSL and Blast furnaces to... 

Strike ends at Chile's Chuquicamata copper mine after vote on Codelco offer

28th June 2019 The three main labor unions at Chile's Chuquicamata mine voted on Thursday to accept the latest contract offer from Codelco, the world's largest copper producer, ending a two-week-old strike that had docked output at the sprawling copper deposit. The unions, which make up 80% of the workforce at... 


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