Copper at 5-week top after Chile earthquake
Copper mines in Chile are slowly restarting after an earthquake in the South American country. LME copper prices are at their highest since 20 January.
Anglo ramps up Chilean operations
Anglo American has confirmed that it has started to ramp up production at the four operations effected by the massive earthquake which struck Chile.
SA crude steel output doubles
South African crude steel production is up 51.1% year-on-year to an estimated 710 000 metric tonnes in January, the World Steel Association reportes.
Union rejects Metorex wage offer
Trade union Solidarity has rejected what it describes as the skimpy wage increase offer of 3% by Metorex's Consolidated Murchison Mine outside Phalaborwa during the first round of wage negotiations.
Metorex earnings expected to fall
Diversified mining group Metorex expects its first half headline earnings to be between 13c per share and 15c per share from 48c per share the year before.
First Quantum’s Zambia mine hit by power outage
First Quantum's Zambia mine is hit by power outage, costing the largest single mine in the country $10m a day.
Chrometco narrows H1 loss to R1.86m
Chrometco, which is focused on the mining, concentrating and beneficiation of various minerals, has reported the narrowing of its first half net loss after it released reviewed interim results.
Palabora pays dividend despite fall in HEPS
Copper mining company Palabora Mining, which operates South Africa's largest copper mine, has declared a R6.20 dividend despite a 60% fall in its full year headline earnings.
Union wins 9% Palabora wage increase
Trade union Solidarity has secured a wage increase of 9% during negotiations with the country's largest copper mine, Palabora Mining.