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.
Eskom asks for 10% drop in power use
Power utility Eskom says it needs people to cut their power usage by 10% to keep the country's electricity supply running.
Zambia to double mining’s contribution to GDP
Zambia plans to double the contribution of the mining sector to its GDP to 20% to enable the country get more benefits from its natural resource, says mines minister Wylbur Simuusa.
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.
Exxaro confirms R2.8bn African Iron swoop
Exxaro Resources confirmed week-long speculation it would make its first foray into iron ore bidding up to a 49% premium for African Iron which operates in the Republic of Congo.
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.
Mozambique families protest against Brazil’s Vale
Families resettled by Brazilian mining giant Vale in the Tete region of Mozambique have protested that the company had failed to keep promises it made to them in 2009.
Chinese firm closes in on Extract
China is a step closer to pounce on Extract Resources after Namibia’s competition authorities has consented to a proposed takeover.
Sekoko rethinks its Waterberg strategy
Sekoko Resources says it is negotiating a significantly improved offtake agreement with Eskom for its Waterberg coal project, after stepping back from a deal concluded in 2011.
Codelco fires riposte, labels Anglo ‘erratic’
Negotiations between the two parties appear to have all but ground to a halt as Codelco launches emotionally charged legal response to Anglo American.