Base Metals

Copper heads for first drop in three years

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COPPER is headed for its first annual drop in three years due to worries that demand growth for the industrial metal may falter.

Metorex, Jinchuan deal clear all hurdles

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Metorex confirms its listing on the JSE will be suspended from January 9, following its takeover by China's Jinchuan Group.

Anglo American, Codelco face off in court

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Chilean state copper miner Codelco and Anglo American have faced each other in court as Anglo seeks to have an injunction against it lifted, reports news wire Dow Jones.

Zambia sees new metal export rules in Q1

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Zambia's new government will institute new guidelines for metals exports in the first quarter of 2012 that aim to enhance transparency, says the minister of mines.

Anglo sues Codelco over contract breach

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Anglo American has sued Chile's Codelco for breach of contract in a dispute over the diversified miner's south Chilean assets.

Palabora granted new order rights

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SA's largest copper producer Palabora Mining says it has been granted the conversion of its mining rights.

Glencore snaps up Rosh Pinah

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Glencore International has taken its stake to Rosh Pinah, a zinc producer, to just over 80% after buying shares held by Exxaro Resources and other minorities.

Rio Tinto wins fight against Ivanhoe poison pill

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An abitrator has ruled a "poison pill" takeover defence erected by Ivanhoe Mines Ltd does not apply to global mining giant Rio Tinto, leaving Ivanhoe vulnerable to a takeover by Rio.

Minmetals extends Anvil offer

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Minmetals Resources has extended its offer for Anvil Mining until January 11, the company said.

Xstrata eyes benefits from copper supply woes

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Xstrata expects to benefit from supply troubles hitting copper globally, as it reports increased resources and says its own key projects are on track and on schedule.