Russia’s government sees windfall tax on metals firms as impractical -ministry

The Russian government thinks it would be impractical to raise more taxes from metals and mining companies that are earning windfall profits.

Reuters | August 17, 2018 | 9:15 am

China’s CATL to start producing next-gen low-cobalt batteries in 2019 — source

China's largest lithium battery maker will produce nickel-rich batteries, which are cheaper to make and have longer life-spans than cobalt-based ones.

Reuters | August 17, 2018 | 4:38 am

Afraid of no-one and ready for a long strike, union leader tells Implats

Members of South Africa's AMCU mining union are ready to strike for a year if necessary if Impala Platinum carries out plans to cut up to 13,400 jobs.

Reuters | August 16, 2018 | 3:12 pm

Copper producer KGHM’s profit halves in second quarter

KGHM said that second quarter net profit fell to 171 million zlotys ($45 million) and missed analysts forecasts of 361 million zlotys.

Reuters | August 16, 2018 | 3:01 pm

Gold Fields boss says not resigning after S.Africa minister’s rebuke

Gold Fields said this week it planned to cut 1,100 permanent jobs at the company's last South African asset, South Deep, sending its shares plummeting.

Reuters | August 16, 2018 | 10:50 am

Anglo American expects to obtain permit for Minas-Rio mine by June 2019

Minas-Rio is Anglo American's biggest development project, but it is still in ramp-up phase.

Reuters | August 16, 2018 | 10:36 am

S.Africa’s Gold Fields posts flat H1 profit as Chile costs bite

HEPS for continuing operations remained unchanged at $0.08 per share for the six months ended June 30, 2018 compared with the same period last year.

Reuters | August 16, 2018 | 10:28 am

Anglo Pacific buys iron ore royalty stake, seeks more deals

Anglo Pacific shares were up 2.5 percent by 1053 GMT, while the wider sector had gained 1 percent.

Reuters | August 16, 2018 | 10:16 am

Russian miners explore payment schemes eschewing dollar

Russia favoured bilateral trade with all countries in their national currencies, rather than the dollar, but that the idea needed detailed work.

Reuters | August 15, 2018 | 11:50 am

Nickel is dancing to a new electric (vehicle) beat

The world used almost 2.2 million tonnes of nickel last year. Around two thirds of that metal was absorbed by the stainless steel industry.

Reuters | August 15, 2018 | 11:37 am

First-half diamond sales down 16 percent at Botswana’s Okavango

Marcus ter Haar said the company sold 1.778 million carats in the first half of 2018 compared with 1.808 million carats in the same period last year.

Reuters | August 15, 2018 | 11:22 am

Perth Mint launches first gold-backed ETF on NYSE

The new fund, which will trade under the ticker symbol AAAU, will charge a fee of 18 basis points, or 0.18 percent of the value of an investment.

Reuters | August 15, 2018 | 10:00 am

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