Power Crisis Negatively Affecting Metal Extracting Sector

Load shedding and the impact of the ongoing power crisis on South Africa’s mining and metal extracting sectors featured high on the agenda during the 2015 Africa Mining Indaba. Industry leaders, including periphery players such as metal refiners, are worried and are hoping for a sustainable solution. As South Africans were subjected to another week of load shedding and insecure…

Year-end Shut-down dates

Metal Concentrates SA (Pty) Ltd, will be closing for the Festive Season from the 19th December 2014 till 07th January 2015. All orders placed on our website during this shut down period will not be processed until we re-open in the New Year. We wish all our clients a wonderful Festive Season & thank you all for your Loyal support.…

Bulls Shouldn’t be worried.

Nothing has changed fundamentally for gold. Gold and silver edged higher over the past two sessions after falling to seven-month and one-year lows, respectively, at the end of last week. Bearish sentiment within the precious metals complex is growing ahead of Wednesday’s policy decision from the Federal Reserve. Many expect the central bank to adjust the language in its policy…

Gold price at two week highs

Gold business continued to show strength during Wednesday morning sessions, building on the previous day’s gains, to hit a fresh two-week high. The spot gold price was the highest since May 28, having peaked at $1,264.90 per ounce. It was last at $1,262.50/1,263.30 a $3.3 increase on the previous day’s close. “We feel the gold price is edging higher and…

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