Saturday, January 20, 2018

First Quantum's Zambia mine is hit by power outage, costing the largest single mine in the country $10m a day.

Chrometco, which is focused on the mining, concentrating and beneficiation of various minerals, has reported the narrowing of its first half net loss after it released reviewed interim results.

Copper mining company Palabora Mining, which operates South Africa's largest copper mine, has declared a R6.20 dividend despite a 60% fall in its full year headline earnings.

Trade union Solidarity has secured a wage increase of 9% during negotiations with the country's largest copper mine, Palabora Mining.

Metorex is raising R750m in a rights issue and is putting in place a $100m revised debt package at its flagship Ruashi copper project.

UC RUSAL shares fall on their debut in Hong Kong over concerns about the Russian group's debt and legal issues.

Palabora Mining Company's earnings before interest, tax, depreciation and amortisation for the year ended December are expected to be between R 1.105bn and R1.139bn.

Equinox says its Lumwana copper project in Zambia will hit full production of 135,000 tonnes of copper this year. It is stockpiling uranium-bearing ore ahead of a decison whether to build a processing plant.

A trade union has declared a wage dispute with copper mining company Palabora Mining following a second round of wage negotiations.

BHP Billiton says China's commodities demand surges in the last quarter of 2009, but it warned that a removal of a stimulus package there could slow recovery.