- Write by:
-
Tuesday, January 5, 2021 - 10:10:14 PM
-
670 Visit
-
Print
Mining News Pro - South African stocks advanced for a second day, boosted by gold producers as demand for haven assets supported bullion prices amid the latest news on the coronavirus pandemic.
The main Johannesburg stock index was 0.4% higher as of 9:36 a.m., after climbing 1.8% in the first trading session of 2021.
While global coronavirus infections topped 85-million, South Africa’s government has drawn criticism over its vaccine rollout plan, with unions and medical groups among those to have expressed concern about the sluggishness of the state’s response amid a resurgence in cases, hospitalisations and deaths.
AngloGold Ashanti gained 3.1% and Gold Fields was 3.6% higher as bullion traded near an eight-week high. Harmony Gold Mining rose 3.5%. The index of local gold stocks advanced 3%, adding to Monday’s 7.7% jump, the biggest increase in more than two months.
Benchmark giants Naspers and Richemont contributed the most to the main index’s gain on Tuesday, with the global tech investor rising 1.8% and the luxury retailer adding 0.5% after the New York Stock Exchange said it will no longer delist China’s three biggest state-owned telecommunications companies, backtracking on a plan that had threatened to escalate tensions between the world’s largest economies.
Sasol dropped 3% as oil extended losses after OPEC+ talks were unexpectedly suspended due to a disagreement over whether to raise output in February.
Short Link:
https://www.miningnews.ir/En/News/609930
China’s Ganfeng Lithium Group Co. plans to pay about $408 million to buy out its partner in a lithium mine being ...
Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs ...
China’s central bank added 60,000 troy ounces of gold to its reserves in April, official data showed on Tuesday, ...
BHP’s plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed ...
The secretary-general of the International Seabed Authority is set to run for a third term leading the United ...
First Quantum Minerals said on Monday it is looking forward to talks with Panama’s new government to find a resolution ...
BHP has put South Africa and its mining sector on the spot. The $140 billion Australian group’s ambitious swoop on rival ...
The chairman of Chile’s state-run copper giant Codelco said on Monday that he expects to reach a lithium deal with ...
Gold rose after mixed signals from the US, where optimism is growing the economy is on target for a soft landing as the ...
No comments have been posted yet ...