Metorex in the spotlight
There is market speculation in Johannesburg around an imminent takeover bid for copper producer Metorex, amid news that its COO has quit.
Evraz Highveld CEO to leave within a week
Evraz Highveld Steel and Vanadium, SA's second-largest steel producer, says that its CEO has tendered his resignation.
Metorex surges on higher reserves
Metorex raised its copper and cobalt reserves, pushing its share price higher.
Copper falls on China demand concerns
Copper prices pared back gains, pressured by fresh worries about near-term Chinese demand for industrial raw materials.
African Eagle shares on erratic path
Recent erratic movements in the African Eagle share price on the JSE can be attributed to lack of trading liquidity in South Africa compared with the company's main London listing.
Metorex gives Ruashi clean bill of health
The transformer issues at Metorex’s flagship mine are a thing of the past, enabling the group to deliver while copper is trading at record highs, says management.
Sallies reopens Witkop mine
Sallies is starting up production again from its Witkop fluorspar mine in response to improving market conditions and the weakening of the rand against the dollar.
Bullish copper may run out of steam
As the metal closes in on $10,000 per tonne, analysts are questioning if there is still room for copper to move.
African Eagle shares oversubscribed
African Eagles resources says a placing of 23.86 million new ordinary shares in London was oversubscribed.
Metorex H1 copper output up by 5pct
Junior miner Metorex says that during the six months ending in December 2010, its copper production increased 5% to 26 358 tonnes, while its cobalt production increased by to 2 021 tonnes.