Friday, November 17, 2017

African Eagle has seen promising results from its second nickel deposit, but said it is too early for the company to make a decision on whether or not to change its focus from Dutwa.

Copper and aluminium prices struck multi-month highs on Friday, fuelled by economic data suggesting global economic recovery may be on the way.

Zambia's largest cobalt producer Chambishi Metals has agreed cobalt concentrate supply deals with some mines in the Democratic Republic of Congo.

Metorex's flagship Ruashi mine exceeded company expectations in the June quarter, overshooting production expectations by nearly 1,000 tonnes.

Metorex sells a 15% stake in its Vergenoeg fluorspar mine, raising R108m towards funding of its Ruashi copper/cobalt mine and paying down debt.

Anglo American's fall in interim earnings will be overshadowned by its efforts to show it does not need to merge with Xstrata.

China Nonferrous Metal Mining Corp (CNMC) will start building its Mulyashi copper mine in Zambia from January next year.

London copper fell nearly 1% percent as investors paused after a recent rally pushed the price to nine-month highs, but they remained mostly bullish.

Rio Tinto agreed to remove equipment from two disputed iron ore concessions in Guinea awarded to a private firm which is seeking partners to develop them.

South African investors will not be able to subscribe for shares in African Eagle's rights offer despite the fact the company is listed on the JSE.