Vale makes takeover offer for Metorex
Brazil's Vale, the world's largest producer of iron ore, has made an offer to acquire Metorex for R7.5bn, the two companies said.
China saves face with Fortescue iron ore deal
Fortescue Metals broke ranks to forge a slightly cheaper iron ore price with Chinese steel mills in exchange for up to $6 billion in funding, giving Beijing's beleaguered industry group a much-needed face-saving win.
Copper hits fresh high
Copper has risen to a record high of $9,437.50 per tonne, fuelled by a supply-bottleneck in Chile.
BHP concludes $100m investment in Kabanga Nickel
BHP met an agreement to invest a total of $100m in Kabanga Nickel, according to the Tanzanian company on Wednesday.
It announced a second tranche...
Strike ends at Tenke Fungurume after workers agree “isolation bonus” following...
A STRIKE at China Molybdenum’s Tenke Fungurume Mining (TFM) was bought to an end after only a day on Sunday, said Reuters citing Willy Kitobo Samsoni,...
Ivanhoe’s Kamoa Copper JV signs 10-year processing deal with DRC-based smelter
IVANHOE Mines said its Kamoa Copper joint venture, which runs the Kamoa-Kakula mine with China's Zijin Mining, had signed a ten year deal to process...
Copper price forecast to set new record this year
THE copper price was forecast to hit new records this year reaching $12,000 per ton or more, according to a report by the Financial...
KCM dispute shows no signs of easing after Musukwa labels Vedanta...
THE enmity between Vedanta Resources and the Zambian government shows no signs of easing after mines minister, Richard Musukwa, labelled the country’s mining sector...
Zambia presses ahead with KCM “divorce” as appoints provisional liquidator
ZAMBIA has appointed a legal firm to act as provisional liquidator of Konkola Copper Mines (KCM), the assets owned by Indian firm, Vedanta.
Citing a...
Zambia judge reserves judgement on stay of KCM winding up application
JUSTICE Banda-Bobo of the Lusaka High Court in Zambia reserved judgement regarding an application by Vedanta to impose a stay on the proposed winding...