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.
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.
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.
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.
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.
RBCT gilds the lily on coal exports
Coal export statistics for 2011 released by the Richards Bay Coal Terminal are not as good as they look and only marginally above what was achieved in 2010.
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.
Lonmin’s pains hit CEO Farmer’s pocket
Lonmin CEO Ian Farmer had to let go of some R3m’s worth of incentive shares in the last two months, following the miner’s failure to meet targets.
African Iron to unveil Exxaro offer
A trading halt was applied to African Iron shares today amid wide expectations a takeover offer from Exxaro Resources will be announced later this week.