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South Africa names Jabu Mabuza as Eskom chair in board shake-up South Africa names Jabu Mabuza as Eskom chair in board shake-up Has PDF
Published: 20 Jan 18
  South Africa’s Deputy President Cyril Ramaphosa has appointed a new board at state-owned power utility Eskom and named Telkom’s chairman Jabu Mabuza as its new chairman, the country’s presidency said on Saturday.
Senator, uranium producers urge US govt to investigate reliance on imports from Russia Senator, uranium producers urge US govt to investigate reliance on imports from Russia
Published: 20 Jan 18
US Republican senator for Wyoming John Barasso has called upon the Commerce Department to launch an investigation into the effects of uranium imports on US national security. "For years, government-owned uranium producers in Russia, Kazakhstan, and Uzbekistan have unfairly flooded American markets with cheap uranium. As a result, uranium production in the US has fallen to the lowest levels we have seen since the early 1950s," said Barrasso.
Nevsun discovers new high-grade copper/gold deposit east of Timok Upper Zone
Published: 20 Jan 18
Base metals producer Nevsun Resources announced this week it has discovered a new high-grade copper/gold deposit about 500 m east of the Timok Upper Zone, in Serbia. Ongoing drilling has intersected new high-sulphidation epithermal (HSE) copper/gold mineralisation, similar to that found at the Timok Upper Zone deposit.
ADM has made takeover approach to Bunge – WSJ
Published: 20 Jan 18
Agricultural processing and trading company Archer Daniels Midland has proposed a takeover of Bunge, the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore in an industry moving towards consolidation. Bunge and other top grains traders - who make money by buying, selling, storing, shipping and trading crops - are struggling to adapt to a world of oversupply.
Union at Colombia's Cerrejon to hear wage offer before possible strike vote
Published: 19 Jan 18
The largest union at Cerrejon, Colombia's top thermal coal mine, was set to meet with the company on Friday to hear a new salary and benefits offer before deciding whether to hold a vote on a possible strike. A work stoppage at the Cerrejon mine, which belongs in equal parts to BHP Billiton, Anglo American and Glencore and produces about 37% of Colombia's total output, could reduce production and overseas sales from the world's fifth-largest coal exporting nation. Production and exports at Cerrejon, which produced 31.7-million tonnes of coal in 2017, fell for a third straight year as heavy rainfall affected operations, the mine's owners said this month.
GoldStone investigates potential to restart Ghana underground mine
Published: 19 Jan 18
Africa-focused miner GoldStone Resources has initiated a project to potentially revitalise the old Akrokeri underground mine, in Ghana. The mine is situated within the Akrokeri prospecting licence, about 1.5 km south of the proposed AK01 South pits.
India to allot Coal India 11 new mines to boost production by two-fifths
Published: 19 Jan 18
India will allow Coal India to build 11 new coal mines, the government said, a move that could increase annual production of the world's largest coal miner by two-fifths. The mines, in the eastern states of Odisha, Jharkhand and Bihar, are expected to operate at full capacity by 2022, Coal Minister Piyush Goyal told reporters.
Turkish gold imports hit record 370 t in 2017 – Borsa Istanbul
Published: 19 Jan 18
Gold imports to Turkey hit a record 370 t in 2017, more than trebling from 106.1 t, data from Borsa Istanbul showed. This was the highest level of imports since the data was made available in 1995 and well above the previous record of 302 t set in 2013.
Sula to pursue DRC cobalt opportunities as it changes name to African Battery Metals
Published: 19 Jan 18
Multicommodity exploration and development company Sula Iron & Gold, which has changed its name to African Battery Metals (ABM), will now focus on developing its cobalt exploration licences in the Democratic Republic of Congo (DRC). Trading in the company’s shares under the new name started on Wednesday.
Weatherly posts double-digit production growth in December quarter
Published: 19 Jan 18
Aim-listed Weatherly International produced 4 739 t copper cathode from its Tschudi mine during the December quarter – 11.5% above nameplate capacity and 15% higher than the preceding quarter. This brought production for the first half of the company’s financial year to 8 843 t or 4% ahead of nameplate capacity.
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