Anglo sells zinc assets in $1.3bn deal
Anglo American took another step in a strategy to divest of non-core assets agreeing to sell its zinc mines in southern Africa and Europe for $1.3bn to India focused base metals group, Vedanta.
Hong Kong firm takes 7.1% stake in Kalahari
Kalahari Minerals, says that APAC Resources, a major Hong Kong listed company focussed on natural resource investment opportunities and base metals trading, has agreed to acquire up to a 7.1% interest of its issued share capital.
BHP Billiton pulls rug under metal firms
BHP Billiton, the world's largest mining group, has withdrawn from an electricity saving aluminium beneficiation plan because it allegedly earns more from exporting the metal directly.
Hulamin in R750m rights issue
Hulamin will conduct a R750m rights issue to cut debt levels and ensure growth for the semi-finished and fabricated aluminium products company.
Hulamin announces Fourie’s successor
Hulamin, an independent producer of semi-finished and fabricated aluminium products, has announced the appointment of Richard Jacob as CEO with effect from July 2010.
Metorex raises $120m in clawback offer
Mid-tier mining company Metorex says that its clawback offer has been oversubscribed. A total of 822.96 million - or 329% - shares were subscribed for.
Palabora production for Q1 up 9%
Palabora Mining Company has reported a quarter-on-quarter increase in production of 9% for the first quarter of 2010.
China firm to invest $600m in Zambia copper
A Chinese firm is to invest $600 mln in Zambian copper mines.
RUSAL to restart a mothballed plant
Russia's UC RUSAL, the world's biggest aluminium producer, plans to boost output and restart a mothballed plant after reporting a better-than-expected profit for the second half of 2009.
Weak China copper demand drives surplus
The global copper market showed a supply surplus of 777,000 tonnes in 2009 due to weak demand from economies outside of China, GFMS says.