Tech stocks drag ASX to 1.1 per cent loss
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William McInnes
Oil traders have been buying up call options for Brent crude at $US100 a barrel, betting the economic recovery and a supply shortfall could push the price of oil to its highest level in more than six years.
Driven by record levels of stimulus and the global economic recovery, crude has been a particularly strong performer, with producers keeping supplies on the sideline to inflate margins amid subdued demand.
On Tuesday, the price of Brent dipped 0.8 per cent to $US67.77 a barrel, but derivatives traders are betting the price could begin to climb closer to $US90, or even $US100, a barrel in the next few months. However, a rally to triple digits is far from the consensus view.
Orion Minerals Chief executive Errol Smart said on Friday that the company respected the constitutional right to protest but this did not extend to armed threats and the possibility of behaviour that would put lives as well as livelihoods at risk. Picture: Matthews Baloyi
Orion gets urgent interdict to prevent disruption by âMafiaâ
By Dineo Faku
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JOHANNESBURG - JSE-listed Orion Minerals has obtained an urgent interdict from the Northern Cape High Court in Kimberley to prevent disruption at its Prieska copper-zinc mine following several violent protests, the company said on Friday.
Orion approached the court after gun-wielding protesters demanded that the company appoint a specific contractor, which failed to win a competitive bid for a construction management contract adjudicated by Orion in a fair and commercial manner.
Building Trust With Stakeholders Through Transparency And Consistency In Water Quality Reporting
By Alice Evans, water lead, International Council on Mining and Metals (ICMM)
Going beyond water management to proactive and holistic water stewardship requires a comprehensive understanding of the quality of water being managed at a mine site, and how this is influenced by the characteristics of and activities within the wider catchment. Understanding water quality is important for reducing water related risks, identifying opportunities, attracting investment, and building trust with local communities.
The Complexity Of Water Quality
Water is a precious shared resource, with significant social, cultural, environmental, and economic value. It is a basic human right and a fundamental requirement for healthy, functional ecosystems that are vital to sustaining life on earth.