Base Metals

Metorex declares Lubembe resources estimate

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Diversified mining group Metorex has declared a resources estimate of 1.5 million tonnes of copper at its Lubembe deposit in the Democratic Republic of the Congo.

First Quantum ‘shaken down’ in DRC

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UK institution Numis Securities reckons First Quantum Minerals has been "shaken down" in the DRC but still rates the company as a strong buy because of its other assets.

Vale goes for Konkola North

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UPDATED - Brazilian resource major Vale is to invest $400m on development of the Konkola North copper mine in Zambia which it owns through a joint venture with African Rainbow Minerals.

Xstrata to develop Peruvian copper mine

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Mining giant Xstrata says it will invest $1.47bn in developing a southern Peru copper mine, a move aimed at extending the life of its existing operations in the region.

Congo cries foul over First Quantum

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The government of the Democratic Republic of Congo has claimed First Quantum Minerals has been conducting a smear campaign against it.

Xstrata resumes work on A$6bn mine

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Xstrata, the biggest exporter of power-station coal, has resumed work on a A$6bn mine after Australia reduced a planned resource profits tax, says Bloomberg News.

Russia mulls SA anti-dumping duty

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Russia has proposed slapping anti-dumping duties on imported nickel-containing steels from China, South Korea, Brazil and South Africa.

Zambia blackout shuts copper mines

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A nationwide power blackout on Friday forced copper mines in Zambia, Africa's top producer of the metal, to halt output.

African Eagle doubles Dutwa nickel resource

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African Eagle Resources Plc has more than doubled the size of the resource estimate at its Dutwa nickel project in Tanzania, the firm says.

Metorex Ruashi plant back on stream

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Metorex, the base metals mining group, says a planned shutdown to carry out essential maintenance at the Ruashi Mine in Congo (DRC) had been completed.