South Africa mines minister delays finalisation of draft mining charter
Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top platinum producer.
The coal miner, which emerged from bankruptcy only a year ago, had warned earlier this month it might have to make “substantial” job cuts at those facilities.
The “Make in India” concept envisioned by the new government guided by its supporting policies is expected to provide immense potential to the markets in the new year.
The oil price drop that has dominated the headlines in recent weeks has been framed almost exclusively in terms of oil market economics, with most media outlets blaming Saudi Arabia, through its OPEC Trojan horse, for driving down the price, thus causing serious damage to the world's major oil exporters – most notably Russia.
Bundesbank confirms Germany's gold repatriation plan is still in place, but can't say if more than 2013's five measly tonnes were brought back from the US.