R/€ = 19.05 Change: 0.12
R/$ = 16.81 Change: 0.02
Au 1681.60 $/oz Change: -20.06
Pt 816.00 $/oz Change: -10.20


Mali's industrial gold production expected to slump in 2020

By: Reuters     4th June 2020 Industrial gold production in Mali is expected to fall by 8.3% year-on-year to 59.77 t this year compared with 2019 due to falling output at several mines, Mali's mines and petroleum ministry said on Wednesday. It said total gold production is expected at 65.7 t in 2020, including 6 t from the... 

Aus/US ink petroleum agreement

By: Esmarie Iannucci     3rd June 2020 The Australian government on Wednesday said that the formal inking of the US/Australia Strategic Petroleum Reserve Lease Agreement was part of the government’s actions to shore up fuel security in Australia and to enhance its ability to withstand global shocks. The agreement will allow Australia... 

Minister urges mines to test without fear of mine closure 

By: Martin Creamer     29th May 2020 Mineral Resources and Energy Minister Gwede Mantashe on Friday urged mines to test for Covid-19 to the full extent without fearing mine closure. The Minister was responding to a media question on the steps the Department of Mineral Resources and Energy (DMRE) was taking to end the backlog of... 

Solutions to counter cold weather from Apex

By: Creamer Media Reporter      28th May 2020 As the cold weather approaches, companies start looking at ways to improve both working conditions and employee comfort. This includes dealing with large doorways left open to facilitate easy access. Apex Strip Curtains & Doors has a range of solutions for this. Large doorways left open to... 

Global oil production to see considerable cuts – IHS Markit

By: Tasneem Bulbulia     8th May 2020 The second quarter of this year will see the largest volume of liquids production cuts, including shut-in production, in the history of the oil industry, the latest assessment on oil markets by London-based global information provider IHS Markit’s Crude Oil Market Service shows. IHS Markit now... 

Engen helps educate communities about COVID-19 pandemic

By: Creamer Media Reporter      6th May 2020 As a company that cares deeply about the communities in which it operates, Engen is supporting the fight against the COVID-19 pandemic by branding 35 spaza shops across the country with important personal safety measures aimed at curbing the spread of the coronavirus. Engen’s public education... 

Update: COVID-19 - Mining Operations during Level 4 Alert Lockdown

By: Creamer Media Reporter      6th May 2020 On 23 April 2020, the President announced that government would implement a gradual and phased recovery of economic activity in South Africa, with effect from 1 May 2020.  To achieve this, there will be five coronavirus levels: Level 5 - means that drastic measures are required to contain the... 

Pandemic highlights role of digital readiness in mitigating supply-chain risks

By: Schalk Burger     1st May 2020 Covid-19 is disrupting economic and social life, but it is occurring in a time of rapid digitalisation, which, in turn, is helping governments, businesses and consumers in their decision-making to respond and adapt to the situation. However, differences in digital readiness hamper the ability of... 

Fuel retailers emphasise the need to protect communities

By: Creamer Media Reporter      17th April 2020 The South African Petroleum Retailers Association (SAPRA), a proud association of the Retail Motor Industry Organisation (RMI), representing approximately 750 fuel stations countrywide, is standing behind its staff members, who are deemed essential workers, by requesting all customers wear masks... 

Business is booming for supplier

By: Darren Parker     10th April 2020 Stainless steel vessels and tanks supplier Metal Tank Industries has noted a definite market upswing in the past eight months, particularly in the food and beverage sector, as well as in the industrial sector, in terms of mineral oils, petroleum oils, chemicals and agrochemicals production.... 

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