Australia forecasts 20% iron ore price decline in 2018
AUSTRALIA forecast a 20% drop in the iron ore price to an average of $51.50/t in 2018 versus 2017, said Reuters citing a government...
Gupta firm Tegeta extracts price lift for low quality Eskom coal
IN a sign that the Gupta Family's grip over the coal-buying affairs of Eskom are undiminished, the South African power utility company has agreed...
Commodity prices surge as factory activity erodes surpluses
COMMODITY prices continued to improve this week on evidence that factory activity was gradually reducing surpluses of certain minerals and metals, said Bloomberg News.
The...
Endeavour closes sale of non-core Ghana mine, Nzema
ENDEAVOUR Mining said it had closed the sale of its 90% interest in the Ghana mine, Nzema, a transaction first announced in August. The...
Former Och-Ziff boss charged with fraud by US federal court
THE former head of European investing at Och-Ziff Capital Management Group, Michael Cohen, has been charged by US prosecutors with fraud and obstruction of...
Banro re-opens Namoya after road damaged in clashes repaired
A MODICUM of pressure has been taken off beleaguered Toronto-listed gold producer, Banro Corporation, which said that production at its Namoya mine would resume,...
Palladium hits record high as concern over supply drives buying
CONCERN about supply shortages had kept buying pressure on palladium described by Bloomberg News in a recent article as the best performing commodity of...
Golden Star resumes at Prestea after two employees perish
PRODUCTION resumed at Golden Star Resources' Prestea underground mine in Ghana on January 1 following an accident in which two employees perished.
"We are conducting...
Gold kicks off 2018 with vigour but rand strength hurts SA...
THE price of gold was tipped to continue improving this year as investors were reticent to factor in increases in Federal Reserve interest rates,...
ASA shareholders seek justice amid low value takeover offer
SHAREHOLDERS and management of Zimbabwean company, ASA Resources, formerly Mwana Africa, are battling a proposed takeover of the company which was put under the care of...