Base Metals

Report leaks smelters’ power secrets

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In a legal wrangle to disclose the cost at which Eskom supplies power to BHP Billiton's aluminium smelters, a court is told that BHP's Hillside is the world's cheapest producer.

Gold hits record as Vietnam mulls imports

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Spot gold has hit an all-time peak on a weak dollar and after Vietnam said it may allow gold imports if prices keep rising.

Vanadium’s turbocharged future

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The battery has beaten the fuel cell in the race to power electric vehicles, which means an increase in demand for vanadium, lithium and rare earth metals.

Zisco attracts fresh takeover bids

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Zimbabwe has received five bids, including a new offer from ArcelorMittal South Africa, for the takeover of steel maker ZISCO, state media reported on Tuesday.

Zambia asks miners to life power pay

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The Zambian government has asked miners operating in its borders, including Metorex, to pay more for electricity use.

Ruashi delivers for Metorex

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Metorex has finally turned the corner following operating successes at the Ruashi copper/cobalt plant in the Democratic Republic of Congo and is now set up for sustainable growth.

Bernard Swanepoel buys Cons Murch

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Metorex has sold antimony producer Consolidated Murchison to Bernard Swanepoel's To The Point organisation for R1 and will contribute R65m to meet recapitalisation and rehabilitation requirements.

Xstrata in ‘deal of the century’

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Xstrata has signed a deal with Peru giving it rights to start building its $4.2bn Las Bambas copper mine.

Arcelor investigation a condition of acquisition

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ArcelorMittal South Africa, the South African arm of the world's largest steel maker, says an investigation into Imperial Crown Trading was one of the conditions it set for the R800m acquisition of the company.

Exxaro could keep KZ Sands going

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Exxaro's KZ Sands titanium smelter could be saved by the recent upturn in the titanium market if the group can strike suitable deals with customers who want the smelter to stay in operation.