Zambia to double copper royalties
Zambia is to take royalties on copper to 6% and will also increase precious metal royalties as Michael Sata's new government unveils an expansive budget aimed at growth and development.
Anglo snubs Codelco in $5.4bn Chilean deal
UPDATED: Anglo American has sold a 24.5% share of its Chilean operations in a bid to
negate the eventuality of that country’s state-owned Codelco taking a significant
stake in those assets.
Gecamines refuses to publish mining contracts
Congolese state mining firm Gecamines has refused a request from the mines ministry to publish all revised contracts.
Anvil bid hits Gecamines snag
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
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
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
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
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
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
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.