LME board to consider bids in late February
The London Metal Exchange has several serious potential bidders and will consider takeover proposals at its board meeting in late February, says CEO Martin Abbott.
Malawi, Vale ink $1bn rail line deal
Malawi has signed a $1bn deal with mining giant Vale for construction and rehabilitation of a rail line to transport 18 million tonnes of coal from Mozambique.
LME faces backlash against new trading fee
LME members are pushing the exchange to backtrack on a new trading fee that would boost its revenues and entice potential bidders for the 130-year-old exchange.
Top SA mining execs consider their future
Given the shortage of skills in mining, there's a lot of interest in where executives like Metorex CEO Terence Goodlace and Rand Uranium's former CEO John Munro may end up.
Rand seen below R8/$ by end-2012
The rand is expected to firm to R7.825/$ in 12 months, a Reuters poll shows, but that is dependent on a solution to Europe's debt crisis and a pickup in global growth.
Soft landing in China forecast
China's GDP growth would continue to be supportive of metal prices, according to a report by Goldman Sachs. However, the rand would strengthen before the end of 2012.
Resources give JSE New Year fillip
The JSE was up more than 2% as stronger commodity prices drove the resources sector higher, although trade was thin.
Anglo finds fighting weight
BEST OF 2011: After a period of divestment, Anglo American is in fine fettle to compete against its diversified mining rivals. First published 24 January.
China 2012 rare earth quotas unchanged
China will keep rare earth export quotas for 2012 at this year's levels, a move that will ease overseas worries about the supply of 17 crucial elements used in high-tech manufacturing.
Guinea’s next steps: mining review, army reform
Guinea will review mining contracts and cut the size of the armed forces during 2012, says President Alpha Conde.