Base Metals

Palabora earnings take a dip

Palabora Mining Company's earnings before interest, tax, depreciation and amortisation for the year ended December are expected to be between R 1.105bn and R1.139bn.

Zambia High Court reserves judgement on KCM matter until June 11

THE Zambia High Court (Lusaka) reserved judgement to June 11 on whether to join Vedanta to winding-up proceedings of Konkola Copper Mines (KCM). The...

Anglo strategy to trump results

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

First Quantum’s Kansanshi grinds to halt

Operations at First Quantum Minerals' Kansanshi, a copper mine in Zambia, have been halted as labour demands 17% higher wages.

UK fraud probe may be “cathartic” for Glencore’s DRC exposure

SHARES in Glencore dropped 4.4% on Friday which was equivalent to an implied equity value loss of $3.6bn compared with the group’s market capitalisation...

London copper pauses after rally

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.

African Eagle avoids JSE

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.

BHP, Rio approve $4.5bn Escondida expansion

BHP Billiton and Rio Tinto have raised their bets on global copper demand, approving plans for a $4.5bn expansion of the massive Escondida mine in Chile.

BHP tipped to rapidly exit nickel business

BHP Billiton, having already quit some of its nickel business, is expected to reverse out of the industry completely, and quickly, analysts say.

African Eagle, Macquarie Harbour in gold JV

African Eagle Resources and ASX-quoted minerals group Macquarie Harbour Mining have signed a Letter of Intent to enter a joint venture to develop a gold mine at African Eagle's Miyabi project in Tanzania.