Base Metals

Zambia minerals policy stirs investor fear

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Zambia is the latest of southern Africa's mining giants to set down beneficiation plans at a time when prices, policy and power worry investment prospects.

Zim chrome miners welcome export reform

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Chrome miners in Zimbabwe welcomed the lifting of an export ban but conditions in the sector were still very challenging.

Ivanhoe to sell Kamoa share in $412m Zijn deal

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Ivanhoe Mines is to sell 49.5% of its Congo copper project Kamoa to China's Zijn Mining Group for $412m which will also raise 65% of first phase capital.

Motsepe issues Zambia royalty warning

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Patrice Motsepe, executive chairman of African Rainbow Minerals, said changing the rules midstream, as Zambia has done with royalties, was "a no-no".

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.