Drought forces cut in copper output at Zambia’s Chambishi
POWER shortages in Zambia have forced a one-fifth cut in copper production at the Chambishi facilities of Nonferrous Metal Mining Corp. (CNMC), said Reuters...
Sibanye-Stillwater says Indonesia’s “dirty nickel” will attact tariffs
MINERS of low carbon metals would be protected from the kind of supply shocks currently being seen in the nickel industry, said Sibanye-Stillwater CEO,...
First Quantum to sell $1bn in shares in effort to keep...
FIRST Quantum Minerals is to sell $1bn in shares and raise a further $1.6bn from an offering of notes in an effort to strengthen...
First Quantum to sell $500m in copper to China’s Jiangxi
FIRST Quantum Minerals' second-largest shareholder will pay $500m for copper shipments in an arrangement that strengthens the mining company’s balance sheet while its flagship...
Copper 360 says anomaly near former mine could be major discovery
COPPER 360 said drilling near Tweefontein, a now closed copper mine in the Northern Cape, delivered encouraging results with grades ranging between 2.12% and...
Gecamines seeking to shake up Congo’s joint venture agreements
THE Democratic Republic of Congo (DRC) is seeking to get more copper production from joint ventures it's involved in as well as secure offtake...
Copper 360 issues R100m in shares to fund Nama Copper deal
SHARES in Copper 360 rebounded 18% in Johannesburg on Monday after the mineral development company announced it had raised an additional R100m through the...
South32 gives nod to $2.16bn US polymetallic project Hermosa
SOUTH32 approved a $2.16bn zinc-lead-silver project in the US, as it released first-half results that saw it take a battering from a slump in...
Glencore bows to inevitable by shuttering nickel mine
THE steep decline in the nickel price has claimed another scalp after Glencore said on Monday it would shutter its 49%-owned Koniambo mine.
The announcement...
Vedanta’s Griffith targets $1.3bn rebuild of Konkola Copper
VEDANTA Base Metal's top priority in Zambia will be to restore the loss-making Konkola Copper Mines (KCM) to profitability and build up production from...