Base Metals

Metorex gives Jinchuan deal update

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Metorex has given an updated timeline for the conclusion its proposed takeover by China's Jinchuan group.

Codelco says an Anglo suit could last years

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Codelco's looming legal battle with Anglo American may take three to four years to be resolved, says Codelco chief Diego Hernandez.

Zambia to double copper royalties

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Zambia is to take royalties on copper to 6% and will also increase precious metal royalties as Michael Sata's new government unveils an expansive budget aimed at growth and development.

Anglo snubs Codelco in $5.4bn Chilean deal

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UPDATED: Anglo American has sold a 24.5% share of its Chilean operations in a bid to negate the eventuality of that country’s state-owned Codelco taking a significant stake in those assets.

Gecamines refuses to publish mining contracts

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Congolese state mining firm Gecamines has refused a request from the mines ministry to publish all revised contracts.

Anvil bid hits Gecamines snag

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A $1.3bn bid by Minmetals Resources for Anvil Mining, the Congo copper producer, hit an unforseen bid when the Congolese government suggested a contract review might be necessary.

Chile warns Anglo to honour Codelco option

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Chile has cautioned Anglo American that the company must honour Codelco's option to buy a 49% stake in key properties in Chile, which is seen bruising a surprised Anglo.

Zambian workers strike over pay

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About 2,000 Zambian workers at NFC Africa Mining, majority-owned by China Nonferrous Metals Mining Corporation, have gone on a strike.

Zambia lifts metals export ban

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Zambia has lifted a ban on metal exports just two days after imposing it to sort out irregularities and increase transparency, says a minerals ministry official.

Zambia suspends metal export permits

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Zambia's new government has temporarily suspended metal export permits ahead of the release of new guidelines, says the ministry of mines and minerals development.