Base Metals

Anglo nears sale of $1bn zinc business

Anglo American nears the sale of its $1bn-plus zinc businesses.

Metorex puts in an extra Ruashi hedge

With more than R586m flowing into the company, Metorex has put in an extra copper hedge at its Ruashi project to ensure it can repay a $100m loan if the metal's price falls.

African Eagle’s Ngasamo Hill on track

African Eagle Resources, the AltX-listed mineral resources company, has reported further positive drilling results from the Ngasamo Hill Deposit at its Dutwa Nickel project in Tanzania.

Zambia copper output falls in January

Zambian January copper production falls 13pct year-on-year on mine closures.

Key Chile copper mines restart after blackout

Electricity service returns to key copper mines in Chile, but shaky supply could continue to hit mining operations.

Rossing South updated resource due Q3 2010

Uranium mine development and exploration company Extract Resources says it expects to release an updated resource estimate on its Rossing South project in the third quarter of 2010.

Copper price up on Chinese import data

Copper prices rise on data showing stronger-than-expected Chinese imports of the metal, quelling some concerns that demand might be softening in the world's top base metals consumer.

Xstrata to sell SA mines

Mining group Xstrata plans to sell its highest-cost thermal coal mines in SA, industry sources say.

Glencore exercises Prodeco coal option

Global diversified miner Xstrata, which has alloys, coal and platinum operations in South Africa, says it has received formal notification from Glencore International informing its of Glencore's exercise of its option to acquire the Prodeco coal operations.

Anglo donates to reconstruct Chile

Global resources giant Anglo American has donated $10m which will be allocated to projects to rebuild houses and schools and implement emergency water and electricity services following the devastating earthquake in Chile.