Base Metals

Analysts laud Glencore, Gécamines deal as Congo de-risked

THE net cash impact of Glencore's debt forgiveness agreement with the Democratic Republic of Congo's (DRC's) state-owned Gécamines was $190m to $250m, according to analysts...

Glencore cleans house at Katanga after C$30m fine

Glencore - which owns 65% of copper producer Katanga Mining -  is "disappointed by the conduct" at Katanga which led to the settlement announced...

Delays may sink Anglo’s Codelco court bid

Chile’s courts may not hear Anglo American’s bid in time to overturn an injunction which prohibited the diversified miner from selling further stakes in Anglo American Sur.

Glencore ‘leads bid’ for Exxaro’s Rosh Pinah

Glencore International is emerging as the preferred bidder for the 50.04% stake in Namibia's Rosh Pinah Zinc mine held by Exxaro Resources, reports Bloomberg.

Guinea to probe 3 mining firms

AngloGold Ashanti and RUSAL are among three firms into which the Guinea government will conduct an audit investigation.

Anglo pre-funds $600m of Quellaveco in Mitsubishi share deal

ANGLO American is to sell a 21.9% stake in its Quellaveco copper project in Peru to Mitsubishi increasing the Japanese firm's stake in the...

Japan smelters expect tough 2010 copper talks

Japanese smelters expect tough negotiations on 2010 copper processing fees as they face increased competition from refineries in China.

Hong Kong firm takes 7.1% stake in Kalahari

Kalahari Minerals, says that APAC Resources, a major Hong Kong listed company focussed on natural resource investment opportunities and base metals trading, has agreed to acquire up to a 7.1% interest of its issued share capital.

Dollar puts brakes on metals, smacks Jo’burg stocks

US dollar strength was likely to remain a major headwind for mining stocks for several months at least, said Goldman Sachs on a day...

First Quantum to repay $224m to Zambian fiscus

First Quantum Minerals has agreed to pay Zambia $224m in tax arrears by Friday, says a senior government official.