Base Metals

Another suitor for Metorex

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Metorex, which is a $1.1bn target for Brazil's Vale, says it has received an interest from another party to acquire the company.

Glencore snaps up Rosh Pinah

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Glencore International has taken its stake to Rosh Pinah, a zinc producer, to just over 80% after buying shares held by Exxaro Resources and other minorities.

Third party bags Palabora rights

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In a new incident related to SA's mining legislation, Palabora Mining Company says a mining right for some of its assets has been awarded to a third party.

Anvil bid hits Gecamines snag

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A $1.3bn bid by Minmetals Resources for Anvil Mining, the Congo copper producer, hit an unforseen bid when the Congolese government suggested a contract review might be necessary.

Metorex gives Ruashi clean bill of health

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The transformer issues at Metorex’s flagship mine are a thing of the past, enabling the group to deliver while copper is trading at record highs, says management.

Chrometco s/holders to vote on Rooderand sale

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Chrometco, the exploration and development company, says it will ask its shareholders to vote on the sale of its Rooderand to DCM Chrome for R62m.

China versus Brazil over Metorex

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Market speculation is that a Chinese contender - most likely Jinchuan Mining - has made a play for Metorex in opposition to the bid by Brazilian resource giant Vale.

Rio Tinto wins fight against Ivanhoe poison pill

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An abitrator has ruled a "poison pill" takeover defence erected by Ivanhoe Mines Ltd does not apply to global mining giant Rio Tinto, leaving Ivanhoe vulnerable to a takeover by Rio.

Copper crashes to lowest since 2010

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Copper has crashed below the psychological $8,000/tonne level, as economic fears escalate on news of a manufacturing contraction in China combined with a grim outlook for the US economy.

Arcelor investigation a condition of acquisition

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ArcelorMittal South Africa, the South African arm of the world's largest steel maker, says an investigation into Imperial Crown Trading was one of the conditions it set for the R800m acquisition of the company.