Base Metals

Vedanta raises prospect of more copper cuts

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Tom Albanese, CEO of Vedanta Resources, said there may be more cuts in copper output at Konkola Copper Mines if the power shortage problem intensified.

Zambia minerals policy stirs investor fear

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Zambia is the latest of southern Africa's mining giants to set down beneficiation plans at a time when prices, policy and power worry investment prospects.

Zim chrome miners welcome export reform

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Chrome miners in Zimbabwe welcomed the lifting of an export ban but conditions in the sector were still very challenging.

Ivanhoe to sell Kamoa share in $412m Zijn deal

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Ivanhoe Mines is to sell 49.5% of its Congo copper project Kamoa to China's Zijn Mining Group for $412m which will also raise 65% of first phase capital.

Motsepe issues Zambia royalty warning

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Patrice Motsepe, executive chairman of African Rainbow Minerals, said changing the rules midstream, as Zambia has done with royalties, was "a no-no".

Royalty hopes fade as Zambia’s PF takes lead

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Higher royalties in Zambia look likely to stay after votes counted so far in a presidential by-election give the lead to the Patriotic Front's Edgar Lungu.

Mwana not dysfunctional amid director row

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Mwana Africa CEO says board will continue to function despite petition against the firm by shareholders against the reappointment of four non-executive directors.

Cons Murch goes into business rescue

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Consolidated Murchison has been put into business rescue proceedings after a deal to sell the company to Australian junior Stibium Mining fell through.

BHP sells Bayside casthouse to BEE firm

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BHP Billiton is to sell its Bayside aluminium casthouse to an empowerment vehicle in which semi-fabricator Hulamin has a 40% stake.

Vedanta to build R8.7bn Gamsberg zinc project

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UK mining group Vedanta is to spend R8.7bn building a zinc mine and smelter in South Africa's Northern Cape province.