Chile hails copper merger as strategic victory
THE £53bn merger between Anglo American and Teck Resources represents a union of assets with "extraordinary value," according to Chile's state copper producer Codelco.
"Chile...
Briggs confident Copper 360 will raise funds
COPPER 360 CEO Graham Briggs expects little difficulty securing the final R50m of the struggling miner's R1.15bn recapitalisation, describing the task in an interview...
Copper 360 launches R1.15bn recapitalisation
COPPER 360 on Friday unveiled plans to recapitalise its under-pressure balance sheet in which it would issue shares and convert debt to the tune...
Nickel price collapse strengthens China’s grip
NICKEL prices have plummeted to just over $15,000 per ton – roughly one-third of their 2022 peaks – undermining Western efforts to reduce dependence...
Brazil probes Anglo American nickel disposal
BRAZIL'S competition regulator has opened an investigation into Anglo American's proposed disposal of its nickel assets in the country, creating fresh obstacles for the...
Zambian mine spill victims seek $420m compensation
COMMUNITIES affected by a devastating toxic spill at a Chinese-owned Zambian copper mine are demanding $420m in compensation from the operator, Sino Metals Leach...
All systems go for Harmony at MAC Copper
HARMONY Gold has cleared the final regulatory hurdle required to finalise the acquisition of Australian copper producer MAC Copper which is a key step...
Zambian mine disaster ‘catastrophically underestimated’
A TOXIC waste spill at a Chinese-owned copper mine in Zambia released 30 times more poisonous material than officially reported, said Bloomberg News citing...
South32 warns no way back for Mozal after March shuttering
SOUTH32 was "ready and willing" to resume discussions on a new power tariff for its Mozal aluminium smelter scheduled to close in March, but...
South32 to mothball Mozal after drawing blank on power deal
SOUTH32 is to start winding down operations at the Mozal Aluminium smelter in Mozambique in anticipation of the operation being placed on care and...