Base Metals

Exxaro’s ambitious titanium strategy

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Competition regulations make it extremely unlikely Exxaro will be able to get its hands on Richards Bay Minerals, but CEO Sipho Nkosi won't rule the possibility out completely.

Metorex regains some lost ground

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Metorex shares have staged a small comeback as worries subside over whether its proposed takeover deal by China’s Jinchuan Group is in danger of being terminated.

Metorex allays Jinchuan pull-out fears

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Metorex says its proposed takeover by Jinchuan is proceeding according to plan, despite a drop in its share price on fears the Chinese commodities giant is having second thoughts.

China snaps up another African copper player

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China's Minmetals Resources has agreed to buy Africa-focused copper miner Anvil Mining for $1.28bn as the state-controlled company expands its global reach.

Exxaro to spin out titanium business

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Exxaro Resources is to spin off its heavy minerals sands operations into a separate company which will be listed on the New York Stock Exchange.

Copper crashes to lowest since 2010

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Copper has crashed below the psychological $8,000/tonne level, as economic fears escalate on news of a manufacturing contraction in China combined with a grim outlook for the US economy.

Anglo to build $3bn Peru mine in 2012

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Anglo America will start construction on its $3bn Quellaveco copper mine next year, says the company's Peru chief.

Blackthorn keen on Glencore JVs

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Blackthorn Resources, an Australian company operating in Africa, said it would sign up for more joint ventures with Glencore in the African zinc industry.

Rio Tinto to sell out of Palabora

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Rio Tinto's retreat from South Africa continues with the news that it will sell its controlling stake in copper producer Palabora after getting rid of its Chapudi coal project last year.

Metorex sets up next DRC project

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Metorex more than doubled profits in the six months to June which should please new owners Jinchuan whose bid for the company was overwhelmingly accepted by shareholders on Friday.