Ruashi delivers for Metorex
Metorex has finally turned the corner following operating successes at the Ruashi copper/cobalt plant in the Democratic Republic of Congo and is now set up for sustainable growth.
Bernard Swanepoel buys Cons Murch
Metorex has sold antimony producer Consolidated Murchison to Bernard Swanepoel's To The Point organisation for R1 and will contribute R65m to meet recapitalisation and rehabilitation requirements.
Xstrata in ‘deal of the century’
Xstrata has signed a deal with Peru giving it rights to start building its $4.2bn Las Bambas copper mine.
Arcelor investigation a condition of acquisition
ArcelorMittal South Africa, the South African arm of the world's largest steel maker, says
an investigation into Imperial Crown Trading was one of the conditions it set for the R800m acquisition of the company.
Exxaro could keep KZ Sands going
Exxaro's KZ Sands titanium smelter could be saved by the recent upturn in the titanium market if the group can strike suitable deals with customers who want the smelter to stay in operation.
Metorex expects no earnings surprise
Metorex has advised that for the 12 months ended June 2010 it expects headline earnings to be between 22c and 26c per share compared with 2009's 24c.
Copper recovery to boost Zambia
Recovering copper prices will boost Zambia's economy, says Imara Africa Securities.
Demand solid for Hulamin after decent H1
Hulamin, which produces aluminium products, said the outlook was promising after posting solid first half results.
Chrometco s/holders to vote on Rooderand sale
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
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.