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Mittal plans to list stainless steel unit

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ArcelorMittal plans to list its stainless steel division in the first quarter of next year, according to a report.

Xstrata dismisses Glencore bid rumours

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Xstrata has never been approached by its biggest shareholder, Glencore, with a merger proposal, says CEO Mick Davis.

Xstrata capex up 50%

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Xstrata plans to increase spending on new mines by about 50% next year to $6.8bn as the mining group keeps its main focus on organic growth rather than acquisitions.

Aurora: scores of illegal miners nabbed

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Hundreds of illegal miners have been arrested at the Aurora Grootvlei Mine in Springs, police say.

Anglo finalises $700m Skorpion deal

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Anglo American has completed the sale of its Skorpion zinc mine to Vedanta Resources.

Rio Tinto in $3.5bn bid for Riversdale

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Rio Tinto has made a $3.5bn bid approach for Africa-focused Riversdale Mining, sending the target firm's shares surging 16% and setting up a potential takeover battle.

Foreigners snap up SA gold shares

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South African gold mines are the most popular JSE-listed companies in which foreign investors are holding stakes.

Vale to list in Hong Kong

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Brazil's Vale will list on the Hong Kong stock exchange as the mining giant looks to boost its presence in key Asian markets, including China.

Majali case postponed

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The fraud case involving three of the co-accused of controversial businessman Sandile Majali has been postponed to January.

Exploration spend soars on price boom

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A rise in metal prices and more stable market conditions prompted mining companies across the globe to boost their exploration budgets by more than 40% in 2010, new data shows.