Base Metals

Anvil bid hits Gecamines snag

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A $1.3bn bid by Minmetals Resources for Anvil Mining, the Congo copper producer, hit an unforseen bid when the Congolese government suggested a contract review might be necessary.

Chile warns Anglo to honour Codelco option

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Chile has cautioned Anglo American that the company must honour Codelco's option to buy a 49% stake in key properties in Chile, which is seen bruising a surprised Anglo.

Zambian workers strike over pay

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About 2,000 Zambian workers at NFC Africa Mining, majority-owned by China Nonferrous Metals Mining Corporation, have gone on a strike.

Zambia lifts metals export ban

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Zambia has lifted a ban on metal exports just two days after imposing it to sort out irregularities and increase transparency, says a minerals ministry official.

Zambia suspends metal export permits

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Zambia's new government has temporarily suspended metal export permits ahead of the release of new guidelines, says the ministry of mines and minerals development.

Exxaro’s ambitious titanium strategy

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Competition regulations make it extremely unlikely Exxaro will be able to get its hands on Richards Bay Minerals, but CEO Sipho Nkosi won't rule the possibility out completely.

Metorex regains some lost ground

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Metorex shares have staged a small comeback as worries subside over whether its proposed takeover deal by China’s Jinchuan Group is in danger of being terminated.

Metorex allays Jinchuan pull-out fears

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Metorex says its proposed takeover by Jinchuan is proceeding according to plan, despite a drop in its share price on fears the Chinese commodities giant is having second thoughts.

China snaps up another African copper player

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China's Minmetals Resources has agreed to buy Africa-focused copper miner Anvil Mining for $1.28bn as the state-controlled company expands its global reach.

Exxaro to spin out titanium business

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Exxaro Resources is to spin off its heavy minerals sands operations into a separate company which will be listed on the New York Stock Exchange.