Base Metals

Base metals lack direction

The base metals complex has been lacking direction for the next convincing break, and in the absence of significant changes to the fundamentals, the markets are drifting on the back of macro news, says an analyst.

Congo vows to shut down illegal mining following tragedy at Kamoto...

THE Democratic Republic of Congo (DRC) would bring an end to illegal mining following an fatal accident on June 27 at the premises of...

Vedanta says energy regulation failures may force it to process Gamsberg...

VEDANTA Resources would consider processing ore from its Gamsberg zinc mine in South Africa offshore if the country couldn't provide a pathway to securing...

Zimbabwe’s Bindura Nickel sounds alarm on going concern status

THE board chairman of Bindura Nickel Corporation (BNC) said the mining company's going concern status was in doubt as its current liabilities exceed current...

Alcoa may buy Rio, BHP aluminium assets

Alcoa said it would seek to buy assets used in the manufacture of aluminium from BHP Billiton and Rio Tinto after the miners shelved or sold the assets.

Orion Minerals readies market for capital raising for Prieska Copper project

SHARES in Orion Minerals have been suspended on the Johannesburg Stock Exchange on management request ahead of a capital raising-related announcement, due before trade...

Copper, cobalt miners urged to do more to fight DRC corruption,...

COMPANIES mining copper and cobalt in the Democratic Republic of Congo (DRC) have been urged to do more to fight corruption and child labour, said...

Vedanta has no plans to cut jobs at Zambia’s Konkola Copper...

VEDANTA had no plans to cut jobs following fiscal changes in Zambia, said Bloomberg News citing the acting CEO of Konkola Copper Mines, Venkatesan Giridhar. "There...

Glencore to underwrite $5.8bn Katanga rights offer as African Copper cleanse...

GLENCORE agreed today to underwrite a $5.8bn rights issue announced by Katanga Mining, the Toronto-listed firm in which the Swiss miner and metals marketing group...

Uganda to breathe new life in copper mine last operated during...

UGANDA is hoping to re-open a copper mine last operated in the Seventies under the leadership of dictator, Idi Amin Dada, said Reuters citing Evelyn...