Base Metals

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.

Vedanta has cracked Gamsberg: Kumar

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Gamsberg is low-grade and contaminated, but Vedanta has 'cracked' the issue of manganese contamination, says Africa base metals CEO, Kishore Kumar.

Zambia by-election may disrupt copper miners

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The death yesterday of Zambia president Michael Sata could result in disruption to copper cargo routes amid a national by-election, and even policy revisions.

Bindura may buy nickel from Zambia’s Munali

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The Zimbabwean miner wants to kickstart the reopening of its base metals by treating ore from Munali Nickel mine in Zambia.

Mwana to pump $26.5m into Bindura restart

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UK-listed Zimbabwean mining firm Mwana Africa is to spend $26.5m restarting its Bindura Nickel facility of which half would be debt-financed.

Ivanhoe scopes for $1.4bn Congo mine

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Shares in Ivanhoe Mines slid following publication of a preliminary study of its Kamoa copper mine which set down plans for a two-stage project.