Base Metals

Exxaro seeks bid for zinc assets

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Exxaro has invited bids for its stake in a zinc and lead mine in Namibia and ownership of a refinery in SA in a move to exit the zinc business, says an official.

Decision on Wild Coast mining imminent

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A decision by Mineral Resources Minister Susan Shabangu is imminent on an appeal to stop her granting rights to mine titanium from sand dunes along a pristine stretch of the Wild Coast.

Zambia aims to double copper output

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Copper output in Zambia will rise to 2 million tonnes by 2015 from around 900,000 tonnes this year as new mines open and others are expanded, says the country's finance minister.

Minmetals admits defeat to Barrick on Equinox

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China's Minmetals Resources has bowed out of the battle for copper miner Equinox Minerals, saying Barrick Gold Corp's C$7.3bn bid is too rich.

Vale makes takeover offer for Metorex

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Brazil's Vale, the world's largest producer of iron ore, has made an offer to acquire Metorex for R7.5bn, the two companies said.

Metorex in the spotlight

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There is market speculation in Johannesburg around an imminent takeover bid for copper producer Metorex, amid news that its COO has quit.

Evraz Highveld CEO to leave within a week

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Evraz Highveld Steel and Vanadium, SA's second-largest steel producer, says that its CEO has tendered his resignation.

Metorex surges on higher reserves

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Metorex raised its copper and cobalt reserves, pushing its share price higher.

Copper falls on China demand concerns

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Copper prices pared back gains, pressured by fresh worries about near-term Chinese demand for industrial raw materials.

African Eagle shares on erratic path

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Recent erratic movements in the African Eagle share price on the JSE can be attributed to lack of trading liquidity in South Africa compared with the company's main London listing.