Base Metals

CNMC to start copper mine

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China Nonferrous Metal Mining Corp (CNMC) will start building its Mulyashi copper mine in Zambia from January next year.

London copper pauses after rally

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London copper fell nearly 1% percent as investors paused after a recent rally pushed the price to nine-month highs, but they remained mostly bullish.

Rio exits Guinea iron ore blocs

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Rio Tinto agreed to remove equipment from two disputed iron ore concessions in Guinea awarded to a private firm which is seeking partners to develop them.

African Eagle avoids JSE

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South African investors will not be able to subscribe for shares in African Eagle's rights offer despite the fact the company is listed on the JSE.

First Quantum increases copper production

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Mining and metals company First Quantum Minerals increased its copper production for the second quarter of 2009 by 14%.

Copper concentrate down at Palabora Mining

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Copper-in-concentrate production by Palabora Mining, the Rio Tinto company, fell year on year by 14%, the company said today.