Base Metals

China firm to invest $600m in Zambia copper

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A Chinese firm is to invest $600 mln in Zambian copper mines.

RUSAL to restart a mothballed plant

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Russia's UC RUSAL, the world's biggest aluminium producer, plans to boost output and restart a mothballed plant after reporting a better-than-expected profit for the second half of 2009.

Weak China copper demand drives surplus

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The global copper market showed a supply surplus of 777,000 tonnes in 2009 due to weak demand from economies outside of China, GFMS says.

Anglo nears sale of $1bn zinc business

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Anglo American nears the sale of its $1bn-plus zinc businesses.

Metorex puts in an extra Ruashi hedge

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With more than R586m flowing into the company, Metorex has put in an extra copper hedge at its Ruashi project to ensure it can repay a $100m loan if the metal's price falls.

African Eagle’s Ngasamo Hill on track

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African Eagle Resources, the AltX-listed mineral resources company, has reported further positive drilling results from the Ngasamo Hill Deposit at its Dutwa Nickel project in Tanzania.

Zambia copper output falls in January

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Zambian January copper production falls 13pct year-on-year on mine closures.

Rossing South updated resource due Q3 2010

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Uranium mine development and exploration company Extract Resources says it expects to release an updated resource estimate on its Rossing South project in the third quarter of 2010.

Key Chile copper mines restart after blackout

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Electricity service returns to key copper mines in Chile, but shaky supply could continue to hit mining operations.

Copper price up on Chinese import data

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Copper prices rise on data showing stronger-than-expected Chinese imports of the metal, quelling some concerns that demand might be softening in the world's top base metals consumer.