Home News Page 1026


Alcoa in $10.8bn aluminium complex plan

Alcoa revisits financing plans to join Saudi Arabian firm, Maaden, aimed at building a bauxite mine and aluminium smelter with total metal output of 740,000 tonnes/year.

BHP tipped to rapidly exit nickel business

BHP Billiton, having already quit some of its nickel business, is expected to reverse out of the industry completely, and quickly, analysts say.

ZCI to relist on JSE

Zambia Copper Investments will resume trading on the JSE on January 15 in its new role of junior mining house which controls Botswana copper producer African Copper.

Metorex restructures copper hedge

Metorex has restructured its copper hedge book, achieving a far better price on more than half the tonnage still sold forward to June 2011.

China brands BHP/Rio tie-up a monopoly

China's steel industry "firmly opposes" BHPBilliton and Rio Tinto's iron ore joint venture, calling it a "monopoly in disguise".

ZCI to relist on JSE, change name

Zambia Copper Investments, finally released from litigation with Verdanta Resources, is to relist on the JSE with a new name, and fresh business plan, it said.

Hulamin positive about 2010

Hulamin says market conditions are showing some improvement and all the operations are well loaded going into 2010.

Mwana Africa’s losses drastically decrease

Commodity recources company Mwana Africa reports a significant narrowing of its interim loss compared with the losses from a year ago.

Base metals lack direction

The base metals complex has been lacking direction for the next convincing break, and in the absence of significant changes to the fundamentals, the markets are drifting on the back of macro news, says an analyst.

First Quantum pays $340m for Ravensthorpe

First Quantum, normally an operator of African-based assets, has made an astonishing move for one of BHP Billiton's costliest mistakes, the Ravensthorpe nickel mine in Australia.