Markets

DRA Global is pleased to announce the appointment of Adam Buckler as its new Chief Financial Officer for DRA Global. Adam joined DRA on the 2nd January 2020 and will be a member of the DRA Global Executive Committee. In his role Adam will be responsible for the finance, treasury, IS, …

On Monday in New York, copper for delivery in March closed the day near $2.8640 a pound ($6,314 a tonne), an 8-month high and up 3% from 2019’s closing level. The US Treasury on Monday lifted China’s designation as a currency manipulator, paving the way for the signing on Wednesday …

Old Mutual has won its appeal against an earlier order reinstating its former CEO Peter Moyo. The ruling was handed down by the Johannesburg High court on Tuesday morning. Moyo was suspended by the financial serves giant in May and axed in June, with Old Mutual citing a breakdown in …

Arizona’s historic mining industry is among the most abundant on the planet, producing copper, lead and zinc that make the world go round. Freeport-McMoran, ASARCO, Newmont, Rio Tinto, Taseko, Hudbay, South32, these are the industry giants investing billions of dollars in state-of-the-art operations here. As the demand for metals rises …

While it is a known fact that electric vehicles (EVs) use about four times more copper than gasoline-powered vehicles, short-term demand for the metal won’t come from the car industry, but from the charging stations and related infrastructure needed to support EV growth, a new study shows. According to Scottish …

Tokyo/London — Oil prices fell 1% on Tuesday, weighed down by the protracted US-China trade dispute that has dragged on the global economy as well as rising Opec and Russian oil output. US crude was down 65 US cents, or 1.19%, at $54.45 a barrel by 8.57am GMT, while Brent …

Bengaluru — Gold prices held steady on Tuesday as uncertainties surrounding US-China trade relations and Britain’s departure from the EU offset pressure from a stronger dollar. Spot gold was down 0.1% at $1,529.40/oz at 11.45am GMT, but still not far off its more than six-year high of $1,554.56/oz. US gold …

It was found along the side of a road in a remote Australian gold rush town. In the old days, Wedderburn was a hotspot for prospectors – it occasionally still is – but nobody there had ever seen a nugget quite like this one. The Wedderburn meteorite, found just north-east of the town …

Condition monitoring specialists, WearCheck, scooped two awards from top international training body, Mobius, at a condition based maintenance (CBM Europe) conference in Belgium recently. The awards are for first place in the Best Training Partner EUMEA 2018/19 and the Best Student Growth Africa 2018/19. Dennis Swanepoel, WearCheck’s reliability solutions consultant …

The amount of copper to be found in a mine is important, but what is also central is the grade of copper. Generally speaking, the higher the grade of copper available, the more profitable it is to mine. How is this calculated? Well, grade is just another way of talking …