Base Metals

Chrometco s/holders to vote on Rooderand sale

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Chrometco, the exploration and development company, says it will ask its shareholders to vote on the sale of its Rooderand to DCM Chrome for R62m.

Highveld Q2 hot metal output jumps

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Highveld Steel and Vanadium, SA's second-largest steel producer, has reported a 19.1% increase in year-on-year production in the second quarter of 2010.

Palabora production takes a dip

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Copper mining company Palabora Mining, which operates South Africa's largest copper mine, has reported a 24% fall in first half copper concentrate production.

Copper output at Lumwana rises 59pct

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Copper production at Equinox Minerals' Lumwana mine in Zambia, Africa's largest copper producer, rose 59% in the first half of 2010 due to improved efficiency, the company says.

Highveld confirms name change to Evraz Highveld

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Highveld Steel and Vanadium, South Africa's second-largest steel producer, on Friday said it would trade under its new name Evraz Highveld Steel and Vanadium (EHS) from Monday July 19.

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.