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Premier mining and commodity investment news

Gold hits highest since 2013 as Goldman backs bullion in crisis

6 Jan 2020 /  Ranjeetha Pakiam and David Stringer, Bloomberg    3
Bullion nears $1 600 an ounce.

Rio Tinto restarts SA mine as security improves

30 Dec 2019 /  Liezel Hill, Bloomberg    3
The Richards Bay Minerals unit should be back at full operations in early January.

Gold heads for best week since August as rally gathers pace

27 Dec 2019 /  Ranjeetha Pakiam, Bloomberg   
The precious metal powers toward its best year since 2010.

Palladium tumbles most in four months

21 Dec 2019 /  Justina Vasquez, Bloomberg   
Metal pierces $1 900/Oz.

Security worker killed in attempted robbery at Harmony Gold plant

20 Dec 2019 /  Helen Reid, Reuters    1
High gold prices are making processing plants a target for criminals.

AngloGold aims to produce 350 000–400 000 oz of gold a year from Ghana mine

19 Dec 2019 /  Yadarisa Shabong, Reuters   8
The initial capital expenditure for the mine remains in the range of $495 million to $545 million.

Zambia suspends 15% export duty on gemstones – minister

19 Dec 2019 /  Chris Mfula, Reuters   1
The government move does not lift duty on diamonds.

Zimbabwe faces mining-asset seizure over canceled joint ventures

18 Dec 2019 /  Loni Prinsloo, Antony Sguazzin and Godfrey Marawanyika, Bloomberg   4
Amari Holdings wins the right to seize assets worth $65.9 million.

Mantashe vows to keep burning coal for power

18 Dec 2019 /  Naledi Mashishi and Kara ven der Berg, Reuters   2
'As much as we intend to utilise the sun and wind resources we have, we intend to continue to use our fossil fuel resources, and to increase investment in ... clean coal technologies.'

Palladium takes out $2 000 as BMO says this time looks different

17 Dec 2019 /  Ranjeetha Pakiam and Luzi Ann Javier, Bloomberg  
Palladium smashes through to record price.

Coal endures as world’s favourite fuel for electricity generation

17 Dec 2019 /  Will Mathis, Bloomberg   1
Developing nations' reliance on the fuel set to increase.

Northam agrees Booysendal platinum mine wage deal

13 Dec 2019 /  Nqobile Dludla, Reuters   1
Agreement is said to be in line with industry settlements.

Palladium is now more expensive than gold has ever been

12 Dec 2019 /  Elena Mazneva, Bloomberg   
Supply concerns following temporary mine closures are driving the increase in price.

SA’s mining output down, PPI slows in October

12 Dec 2019 /  Reuters  
South Africa‘s total mining output fell 2.9% year-on-year in October after contracting by a revised 0.6% in September, Statistics South Africa said on Thursday. The statistics office also said South Africa‘s producer price inflation (PPI) slowed to a 2.3% year-on-year increase in November from 3% in October. On a month-on-month basis, PPI fell 0.3% after

Miners survive on charity while battle for Koornfontein mine drags on

12 Dec 2019 /  Ciaran Ryan    5
Losing bidder Lurco Group feels cheated by irrational conditions imposed on it.

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