Base Metals

Delays may sink Anglo’s Codelco court bid

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Chile’s courts may not hear Anglo American’s bid in time to overturn an injunction which prohibited the diversified miner from selling further stakes in Anglo American Sur.

Anglo to build $3bn Peru mine in 2012

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Anglo America will start construction on its $3bn Quellaveco copper mine next year, says the company's Peru chief.

Exxaro’s ambitious titanium strategy

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Competition regulations make it extremely unlikely Exxaro will be able to get its hands on Richards Bay Minerals, but CEO Sipho Nkosi won't rule the possibility out completely.

Xstrata in ‘deal of the century’

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Xstrata has signed a deal with Peru giving it rights to start building its $4.2bn Las Bambas copper mine.

Codelco fights back against Anglo American

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Codelco says it has filed a lawsuit against Anglo American in a bid to prevent the global miner from selling further stakes in the global miner's Chilean copper properties.

Codelco says an Anglo suit could last years

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Codelco's looming legal battle with Anglo American may take three to four years to be resolved, says Codelco chief Diego Hernandez.

Minmetals admits defeat to Barrick on Equinox

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China's Minmetals Resources has bowed out of the battle for copper miner Equinox Minerals, saying Barrick Gold Corp's C$7.3bn bid is too rich.

Vedanta’s Konkola settles on 17% pay hike

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Konkola Copper Mines, the Zambia miner owned by Vedanta Resources Plc, has awarded its workers a 17% pay increase, says a union official.

Blackthorn keen on Glencore JVs

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Blackthorn Resources, an Australian company operating in Africa, said it would sign up for more joint ventures with Glencore in the African zinc industry.

Vale’s the only offer, says Metorex

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Metorex says it has still received no firm offer from any party other than Brazil's Vale, which has made a $1.1bn offer for it.