Chile backs Codelco in Anglo fight
The Chilean government is ready to support state mining company Codelco to the end
in its bitter legal fight with Anglo American, says the Deputy Mines Minister.
Exxaro clinches African Iron, extends offer
Exxaro Resources may have to live with significant minority shareholder
Equatorial Resources, which would appear not to have supported the African Iron
offer as yet.
Assore wary of turbulent markets
Iron, manganese and chrome ore miner Assore has reported an increase in interim earnings of 48.5% to R2.1bn, on the back of improved sales volumes and increased commissions.
CGNPC closes in on Namibia’s Husab
ASX-listed Extract Resources, which owns the Husab uranium deposit in Namibia, has
received a formal bidder’s statement from China’s CGNPC-URC for a A$8.65/share deal.
Codelco, Anglo secret talks ‘failed’
Two months of secretive talks between Codelco and Anglo American have failed to resolve a stake option dispute, so a legal battle is for now the only way forward, says Codelco's CEO.
BHP, Rio approve $4.5bn Escondida expansion
BHP Billiton and Rio Tinto have raised their bets on global copper demand, approving plans for a $4.5bn expansion of the massive Escondida mine in Chile.
Philippine mining rule change slammed
Big business groups have criticised a Philippine government plan to raise revenue by imposing new taxes on mining companies and reviewing their contracts.
Merafe joins Eskom power down hit list
Merafe in discussions to idle ferrochrome furnaces as fears Eskom would impose a
fresh round of load-shedding on South Africa’s mining industry start to materialise.
Base Resources puts Kenya on mining map
Australian-listed Base Resources is developing a heavy mineral sands mine in Kenya
which will be of critical importance to the future of the country’s mining sector.
DRDGold to expand Ergo production
DRDGold is to spend R250m to increase gold production through improvements to its
Ergo treatment plant to raise gold recovery rates.