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Reuters

Exxaro says Eskom woes to hit coal production

26th June 2019 Exxaro Resources expects its coal production to fall by 5% by volume in the first half of 2019, mainly due to reduced demand from struggling state-owned power utility Eskom, it said on Wednesday. It added it expects domestic coal demand and pricing to remain stable for the remainder of the year,... 

Nigerian court adjourns tax case between MTN and attorney general

26th June 2019 A Nigerian judge on Wednesday adjourned until October 29 a case to resolve a $2-billion tax dispute between South African telecoms company MTN Group and Nigeria's attorney general. The attorney general has demanded MTN pay the $2-billion in September. The company has said the tax demand is... 

Zaldivar mine asks for more time to answer questions amid Atacama water concerns

26th June 2019 Chilean copper miner Antofagasta said on Tuesday it would ask regulators for more time to answer questions about an environmental impact study for its Zaldivar mine, which draws water from Chile's lithium-rich Atacama salt flat. Chilean regulators last year delayed their review of Zaldivar's... 

India's gold demand could fall to 3-yr low as prices hit record high

26th June 2019 India's gold demand could fall 10% in 2019 from a year ago to the lowest level in three years as record high local prices dent retail purchases during a key festive season, the head of an industry body told Reuters. Lower purchases by India, the world's second biggest consumer after China, could... 

Indonesia regulatory changes to bring more uncertainty to coal sector

26th June 2019 Indonesian coal miners said upcoming regulatory changes are putting added pressure on their businesses amid depressed prices and rising competition from other energy sources. The Indonesian government is in the process of amending coal mining rules to enforce implementation of a 2009 mineral law... 

Large carmakers including VW, FCA could face 2021 EU emissions fines – study

26th June 2019 Volkswagen and FiatChrysler could face penalties of up to €1.83-billion and €746-million respectively, if they fail to meet the European Union's emissions targets set for 2021, according to AlixPartners. The study by the consulting firm, which was published on Wednesday, shows how hard it is for... 

Campaign groups accuse Total of breaching French corporate duty law in Uganda

25th June 2019 French and Ugandan campaign groups including Friends of the Earth have filed a legal notification with Total, claiming it has failed to address the human and environmental impact of its Ugandan operations as required by French law. Under France's Corporate Duty of Vigilance regulation, large... 

Kenya government, Tullow Oil, Africa Oil and Total sign deal to develop crude oil facility

25th June 2019 Kenya's government, and oil firms Tullow Oil, Total and Africa Oil Corp have signed agreements for the development of a 60 000 bbl/d to 80 000 bbl/d crude oil processing facility for oil discovered in the country's north west, the Petroleum and Mining Ministry said on Tuesday. The ministry said... 

Omnia posts full-year loss on mix of negative drivers

25th June 2019 Omnia Holdings, a South African chemicals and fertiliser maker, reported a full-year loss on Tuesday as a volatile currency, droughts, changes in the mining industry and difficult global trading conditions dented its business. The company, which also produces explosives, posted a headline loss... 

China's CNMC agrees to work on Madagascar rare earth project

24th June 2019 A unit of China Nonferrous Metal Mining Group (CNMC) said on Monday it had signed a non-binding memorandum with Singapore-listed ISR Capital that could see the Chinese firm work as a contractor on a rare earths project in Madagascar with rights to purchase products. China Nonferrous Metal... 

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