Hulamin announces Fourie’s successor
Hulamin, an independent producer of semi-finished and fabricated aluminium products, has announced the appointment of Richard Jacob as CEO with effect from July 2010.
Metorex raises $120m in clawback offer
Mid-tier mining company Metorex says that its clawback offer has been oversubscribed. A total of 822.96 million - or 329% - shares were subscribed for.
Palabora production for Q1 up 9%
Palabora Mining Company has reported a quarter-on-quarter increase in production of 9% for the first quarter of 2010.
China firm to invest $600m in Zambia copper
A Chinese firm is to invest $600 mln in Zambian copper mines.
RUSAL to restart a mothballed plant
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
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
Anglo American nears the sale of its $1bn-plus zinc businesses.
Metorex puts in an extra Ruashi hedge
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
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
Zambian January copper production falls 13pct year-on-year on mine closures.