Base Metals

Exxaro to decide zinc restart next week

Zincor plans to meet customers' short-term requirements and it will decide early next week when to restart halted operations.

Zambia copper mine output increases

Zambia has projected a slight rise in 2009 copper output to 664,000 tonnes, compared with previous estimates of 600,000 tonnes due to rising production at the mines.

SA’s only zinc refinery closes temporarily

South Africa's only zinc refinery, Zincor owned by Exxaro, temporarily stopped operations after three people were killed and a dozen more hurt in an explosion.

Guinea to probe 3 mining firms

AngloGold Ashanti and RUSAL are among three firms into which the Guinea government will conduct an audit investigation.

Metorex focuses on cutting debt

Metorex, which has sold off a number of assets, is continuing to look for ways to cut debt sharply by December. It posted disappointing full-year results.

Glencore’s Zambia unit to start new copper mine

A unit of Swiss company Glencore International will develop an open pit copper mine in Zambia after authorities approved its proposal for the project.

Strategic investors approach Metorex

Metorex says it might bring a strategic investor into the holding company or into its assets as part of a plan to address more than R2bn of debt in the group by December 2009.

New Anglo zinc deposits in Southern Africa

Anglo American says it has found a new zinc deposits near its Skorpion mine in Namibia and the Gambsberg deposit in South Africa.

Rio’s China iron ore talks suspended

Global miner Rio Tinto has ceased iron ore price talks with Chinese customers, but it denied a media report the talks had ended because of the detention of its negotiators.

Copper gains around 1%

Copper futures rose 1% on Wednesday, reversing early losses in a choppy trading pattern that is set to continue as investors weigh increasingly positive data against fears the rally is overdone.