R/€ = 16.29 Change: 0.08
R/$ = 14.31 Change: 0.05
Au 1429.10 $/oz Change: 26.58
Pt 815.22 $/oz Change: 4.74


Oil steadies as Iran tensions mingle with economic concerns

25th June 2019 Oil steadied after rallying almost 8% in three days as investors weighed the risks of a supply disruption in the Middle East against concerns over the global economy and demand. Futures were little changed near $58/bl in New York. President Donald Trump imposed sanctions on Iran’s supreme leader,... 

Extreme weather is shaking up Africa's corn trade

25th June 2019 At least three African nations will need to import more corn this year after extreme weather from cyclones to drought devastated crops, sparking some unusual trade flows. Corn is a staple grain across much of sub-Saharan Africa, where it’s milled and cooked with water to form a porridge or stiff... 

Strike at top copper miner seen wiping 10 000 t from market

25th June 2019 A strike at a major copper mine in the world’s largest producer of the metal risks wiping out 10 000 metric tons from a market that’s already expected to end the year in deficit, according to an industry consultant. The stoppage at the Chuquicamata mine in northern Chile could cost No. 1 global... 

Gold’s rally gains more momentum

24th June 2019 The gold rally is gaining steam. As prices climbed above Friday’s high of $1 415.40, bulls came charging in. Futures contracts equal to more than one-million ounces of gold traded in the five minutes ended 11:20 a.m. on the Comex in New York, extending the metal’s rally to the highest in almost... 

Fosun mulls takeover of $1bn Russian miner GV Gold

24th June 2019 A consortium led by Fosun International is in talks to acquire a majority stake in GV Gold, a Russian gold miner backed by BlackRock, according to people familiar with the matter. Fosun is considering teaming up with partners including Zhaojin Mining Industry for a joint offer, the people said,... 

Bavaria seeks fast-track German coal exit in snub to Merkel plan

24th June 2019 Bavaria, Germany’s industrial powerhouse, wants the nation to stop burning coal by 2030, eight years before Chancellor Angela Merkel’s deadline. Germany’s plan to exit the fossil fuel is unrealistic and won’t work unless a more aggressive target is set, Bavaria’s Prime Minister Markus Soeder... 

Eskom's gain South Africa's pain as investors balk at debt

24th June 2019 President Cyril Ramaphosa’s latest pledge to support Eskom Holdings is good news for the cash-strapped electricity company -- but some investors are balking at the prospect of increased sovereign-bond issuance to pay for the bailout. Ramaphosa told lawmakers last week South Africa would bring... 

Wild weather is endangering world's oldest form of clean power

24th June 2019 The Kariba Dam has towered over one of Africa’s mightiest rivers for 60 years, forming the world’s largest reservoir and providing reliable electricity to Zambia and Zimbabwe. But as drought grips the region, flow on the Zambezi river has dwindled to a third of what it was a year ago. Last month,... 

Gold gains to near highest since 2013 as bulls ‘back in control’

24th June 2019 Gold’s bullish momentum has rolled into a new week. Prices extended their advance above $1 400/oz, near the highest level since September 2013, after the Federal Reserve and other central banks turned more dovish on monetary policy.  

RWE reviews mine protest damage, says power plants not at risk

23rd June 2019 erman utility RWE AG is reviewing damage done by environmental campaigners who accessed the company’s Garzweiler openpit mine in Germany’s Rhineland on Saturday. There were five arson attacks on pump stations and electricity transformers amid the protests, company spokeswoman Stephanie Schunck... 

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