First Quantum ‘shaken down’ in DRC
UK institution Numis Securities reckons First Quantum Minerals has been "shaken down" in the DRC but still rates the company as a strong buy because of its other assets.
Vale goes for Konkola North
UPDATED - Brazilian resource major Vale is to invest $400m on development of the Konkola North copper mine in Zambia which it owns through a joint venture with African Rainbow Minerals.
Xstrata to develop Peruvian copper mine
Mining giant Xstrata says it will invest $1.47bn in developing a southern Peru copper mine, a move aimed at extending the life of its existing operations in the region.
Congo cries foul over First Quantum
The government of the Democratic Republic of Congo has claimed First Quantum Minerals has been conducting a smear campaign against it.
Xstrata resumes work on A$6bn mine
Xstrata, the biggest exporter of power-station coal, has resumed work on a A$6bn mine after Australia reduced a planned resource profits tax, says Bloomberg News.
Russia mulls SA anti-dumping duty
Russia has proposed slapping anti-dumping duties on imported nickel-containing steels from China, South Korea, Brazil and South Africa.
Zambia blackout shuts copper mines
A nationwide power blackout on Friday forced copper mines in Zambia, Africa's top producer of the metal, to halt output.
African Eagle doubles Dutwa nickel resource
African Eagle Resources Plc has more than doubled the size of the resource estimate at its Dutwa nickel project in Tanzania, the firm says.
Metorex Ruashi plant back on stream
Metorex, the base metals mining group, says a planned shutdown to carry out essential maintenance at the Ruashi Mine in Congo (DRC) had been completed.
Ruashi plant shut for maintenance
Metorex, a focused base metals mining group, says it plans to shut down its Ruashi plant in the DRC to carry out essential maintenance work.