R/€ = 16.37 Change: -0.07
R/$ = 14.36 Change: -0.03
Au 1418.87 $/oz Change: 34.79
Pt 814.16 $/oz Change: 10.57


Trump weighs limits on uranium imports after Commerce cites security risk

By: Bloomberg     20th June 2019 The US Commerce Department has recommended the White House take steps to protect the domestic production of uranium after finding the nation’s reliance on imports was a national security risk, said three people briefed on the matter. Among the trade remedies recommended is to require nuclear... 

Zambian President expects to find buyer for Vedanta unit by July

By: Bloomberg     20th June 2019 Zambia’s government expects to conclude talks with potential buyers of Vedanta Resources’s local copper unit within a month, President Edgar Lungu said. His comments preempt a hearing by Zambia’s High Court on Thursday on the state’s bid to liquidate the asset after a dispute between the... 

Polymetal’s Voro complies with cyanide code

By: Creamer Media Reporter      19th June 2019 The Voro plant has become the second gold production operation of Russian miner Polymetal to be certified as being in full compliance with the international cyanide management code. The International Cyanide Management Institute certified Voro as compliant for a gold mining company and... 

Indian aluminium producers seek protection measures

By: Ajoy K Das     18th June 2019 Ahead of India’s national Budget to be presented before Parliament next month, aluminium producers are seeking a slew of protection measures. Aluminium Association of India is seeking an increase in import duty on finished aluminium from 10% to 12.5%, considering that the domestic industry was... 

Aspen Pharmacare exec stresses need to include private sector in Iora

By: Shirley le Guern     18th June 2019 The Indian Ocean Rim Association (Iora) conference, held in Durban on June 17 and 18, presented an opportunity to reconfigure the conference from what has” largely been a talk shop” to “something that will make sense to business people”, Aspen Pharmacare senior executive Dr Stavros Nicolaou said.... 

Defining the heavy-haul railway of the future

14th June 2019 Heavy-haul railways are under constant pressure to optimise operational efficiency, a factor that has led the sector to spearhead many new technologies. Michael Roney, special advisor to the International Heavy Haul Association (IHHA), explains in this article, originally published in the... 

Brazilian VP says Brics should focus on economics, not politics

By: Rebecca Campbell     14th June 2019 In comments made in Beijing on May 24, which appear not to have been much, if at all, reported outside his home country, Brazilian Vice President Hamilton Mourão called on the Brazil, Russia, India, China, South Africa (Brics) alignment to switch away from political issues and focus instead on... 

EU: No strategy yet if China halts critical exports in US trade war

By: Reuters     13th June 2019 The European Union on Thursday said it had no clear strategy on how to ensure continued supplies of critical raw materials if China, the world's leading supplier of rare earth minerals, used such exports as leverage in the escalating US-China trade war. EU Trade Commissioner Cecilia Malmstrom... 

Oil demand signals are flashing red as price dives toward $50

By: Bloomberg     12th June 2019 Oil demand is shriveling as the trade war between the US and China trips up the global economy. Estimates for March and April are pointing to year-on-year declines in regions that account for almost half of global oil demand, according to Morgan Stanley. Indicators including the profit from... 

Heavy Haul Game Changer  

12th June 2019 International Heavy Haul Association (IHHA) chairperson Brian Monakali, who is also acting Rail Network GM at South Africa’s Transnet Freight Rail, believes collaboration is the key to ensuring that global heavy haul operators mitigate the risks associated with the Fourth Industrial Revolution... 

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