Home News Page 1027


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.

First Uranium closes transaction

First Uranium Corporation has closed a previously announced transaction with Gold Wheaton (Barbados) Corporation.

Miners, union lock horns over wages

Copper mining company Palabora Mining and trade unions look set to lock horns after wage negotiations got off to a "difficult start".

Metorex in last phase of rebirth

Diversified mining group Metorex says it is entering the last phase of its rebirth.

Copper prices are close to a 14-month peak

Copper prices are close to a 14-month peak.

Zinc smelters raise output, demand could disappoint

Surging zinc prices have persuaded smelters to ramp up production, but the assumptions they are making about demand from the still troubled steel sector could yet disappoint.

Japan smelters expect tough 2010 copper talks

Japanese smelters expect tough negotiations on 2010 copper processing fees as they face increased competition from refineries in China.

Kumba wants more say on Sishen

Kumba Iron Ore CEO Chris Griffith wants to participate directly in ownership and management of the Sishen-Saldanha line which he believes can be run better.

Iron ore shortage expected by 2013

Kumba Iron Ore says the iron ore supply demand balance indicates a potential shortage will develop in sea borne iron ore by 2013/14.

First Quantum in $260m purchase

First Quantum Minerals has unveiled a $260m cash and shares bid for junior exploration group Kiwara, which has early stages prospects in Zambia.