Base Metals

Grupo Mexico net doubles

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Mexican miner and railroad operator Grupo Mexico says its profit doubled in the second quarter, boosted by higher metals prices and output.

Collahuasi unions join Escondida in strike

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Workers at Chile's Collahuasi have put down their tools over unmet labour demands, compounding worker unrest as a strike at top global copper mine Escondida enters a ninth day.

Exxaro to shut Zincor

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Exxaro Resources has decided to shut down permanently its loss-making Zincor plant near Springs after being unable to find a buyer.

Metorex output stays flat

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Copper producer Metorex has said first-half copper output rose 1% compared with the preceding six-months, while production of cobalt fell 6%.

Codelco workers strike over privatisation fears

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Workers at the world's largest copper producer, Chile's Codelco, have gone on strike over modernisation plans they fear amount to privatization.

Vale lets go of Metorex

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Metorex says it has been told by Vale that the Brazilian group will not submit a new offer to top a bid to acquire it by China's Jinchuan Group.

Vale’s Metorex quest likely to end

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The chance of a bidding war breaking out for Metorex is doubtful, especially as Jinchuan has set down plans to further improve its R8.90 per share offer.

Vale’s the only offer, says Metorex

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Metorex says it has still received no firm offer from any party other than Brazil's Vale, which has made a $1.1bn offer for it.

First Quantum to repay $224m to Zambian fiscus

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First Quantum Minerals has agreed to pay Zambia $224m in tax arrears by Friday, says a senior government official.

Another suitor for Metorex

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Metorex, which is a $1.1bn target for Brazil's Vale, says it has received an interest from another party to acquire the company.