Base Metals

Orion Minerals to raise $5.5m for Prieska zinc-copper project

ORION Minerals is to raise $5.5m (R77.5m) to pay for further drilling at its zinc and copper prospect in South Africa's Northern Cape province. Exploration...

Vedanta wins urgent interdict against provisional liquidation of KCM by Zambia

A DISPUTE between Vedanta Resources and Zambia's ZCCM-IH regarding their respective investments in Konkola Copper Mines (KCM) ought to be settled in terms of...

Barclays sees copper prices averaging $9,000

Barclays Capital expects copper prices to rise by around 10% from current levels, while gold prices are projected to climb above $2,000 an ounce by the third quarter.

Chambishi to restart metal production

Chambishi Metals, which shut owing to losses related to the global economic slowdown, would restart output later this week, its CEO said.

Orion boss Smart acknowledges Prieska success could make firm a takeover...

ORION Minerals CEO, Errol Smart, acknowledged the company could become a takeover target if it made a success of its Prieska zinc-copper project. "At some...

Glencore confirms mothballing of Mutanda as half year earnings slide 32%...

GLENCORE suffered the effects of a slump in the cobalt price and the under-performance of its African copper business which led it into a...

RUSAL to restart a mothballed plant

Russia's UC RUSAL, the world's biggest aluminium producer, plans to boost output and restart a mothballed plant after reporting a better-than-expected profit for the second half of 2009.

First Quantum bid approved by Kiwara

The acquisition of base-metals exploration firm, Kiwara by First Quantum Minerals is poised to go ahead after Kiwara's shareholders approved the deal.

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...

Withdraw troops or risk bloodbath at Tenke Fungurume, DRC army told

Amnesty International has called on the government of the Democratic Republic of Congo (DRC) to immediately withdraw its armed forces from the Tenke Fungurume...