R/€ = 18.07 Change: -0.01
R/$ = 14.98 Change: -0.05
Au 1715.52 $/oz Change: -6.49
Pt 1191.00 $/oz Change: 13.00


IMF commends some of the reforms Nigeria undertook amid the pandemic

By: Marleny Arnoldi     9th February 2021 The International Monetary Fund (IMF) has concluded an Article IV consultation with the Nigerian government and has welcomed the notable reforms undertaken in the fiscal sector, including the removal of a fuel subsidy and steps to implement cost-reflective tariff increases in the power sector.... 

After pandemic, oil firms even less willing to cover $3.9bn cost of South Africa's clean fuel plan 

By: Reuters     22nd January 2021 After being hit by the pandemic, oil companies in South Africa are unlikely to upgrade refineries to cut sulphur emissions unless the government allows them to pass the costs on to consumers or offers other support, the South African Petroleum Industry Association (Sapia) says. New rules... 

Cruz Cobalt to start operations at Ontario cobalt projects

By: Simone Liedtke     21st January 2021 Cobalt-focused Cruz Cobalt intends to start operations at its cobalt projects in Ontario, Canada. Cruz is one of the largest landholders in the historic silver/cobalt producing region of Cobalt, Ontario, and the company's projects are in the direct vicinity of TSX-V-listed Fuse Cobalt and... 

Jubilee reports record earnings of £28m

By: Marleny Arnoldi     14th January 2021 Aim- and AltX-listed Jubilee Metals’ operational earnings for the second half of last year increased by a record 123% to £28.4-million, compared with the first half of the year. In rand terms, it was a 126% increase to R603-million between the two six-month periods.  

First Cobalt inks cobalt hydroxide feed arrangements for refinery 

By: Donna Slater     12th January 2021 TSX-listed cobalt refiner and miner First Cobalt has entered into long-term cobalt hydroxide feed arrangements with diversified miner Glencore and IXM SA − a fully owned subsidiary of China Molybdenum Company (CMOC) − to provide 4 500 t/y of contained cobalt to the First Cobalt Refinery from... 

First Cobalt secures C$10m in public funding

By: Mariaan Webb     17th December 2020 Canada’s First Cobalt has secured C$10-million in public funding from the government of Canada and the government of Ontario, allowing it to accelerate the commissioning and expansion of its refinery in northern Ontario. The company will receive a C$5-million interest-free loan through the... 

Zimbabwe central bank to form new gold refining unit, sell shares to miners

By: Reuters     17th December 2020 Zimbabwe's central bank will unbundle its gold refining and printing unit into two separate companies and sell a majority stake in the new gold refinery business to miners, governor John Mangudya said on Wednesday. Reserve Bank of Zimbabwe's Fidelity Printers and Refiners (FPR) is the sole buyer,... 

BASF and Eramet partner on nickel/cobalt project to supply EV markets

By: Creamer Media Reporter      15th December 2020 German chemicals firm BASF and French mining group Eramet on Tuesday announced that they would assess the joint develop a nickel/cobalt refining complex to supply the growing electric vehicle (EV) market. The development would include a high-pressure acid leaching (HPAL) plant and a base metal... 

Oil refineries offered relief

By: Esmarie Iannucci     14th December 2020 The federal government has announced fiscal relief for oil refineries in Australia, as part of its commitment to jobs, affordable fuel and Australia’s long-term fuel security. Energy and Emissions Reduction Minister Angus Taylor on Monday said that the government would provide relief to the... 

One injured, six treated for smoke inhalation after Engen refinery explosion

By: Marleny Arnoldi     4th December 2020 One person has been injured and taken to hospital, while six have been treated for smoke inhalation, following Friday morning's explosion at an oil refinery in Wentworth, Durban. Engen spokesperson Gavin Smith told Engineering News that the fire on site had been extinguished during the morning.  

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