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BHP Billiton pulls rug under metal firms

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BHP Billiton, the world's largest mining group, has withdrawn from an electricity saving aluminium beneficiation plan because it allegedly earns more from exporting the metal directly.

Aquarius gets basket price boost

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Higher platinum group metal prices lifted Aquarius Platinum's revenues in the March quarter offsetting an 8% fall in production.

Arcelor profits soar as legal battles rage

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South Africa's largest steel maker ArcelorMittal SA posts a strong rise in profits as it fights a number of competition-related battles and tries to restore a cheap supply of iron ore.

China OKs individual iron ore deals as talks stalemate

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China's steel industry body will allow mills to sign individual supply deals with global miners, as it seemed to abandon efforts to preserve annual pricing that for months had appeared doomed.

Brian’s next move

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Brian Gilbertson's successful courting of two sovereign funds into the little known Platmin provides further evidence the commodity bull run is intact, and raring to go again.

IDC denies Wesizwe shares discount

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The IDC has shed some light on its involvement in a series of transactions that led to the sale of Wesizwe platinum shares belonging to the Bakubung community.

Hulamin in R750m rights issue

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Hulamin will conduct a R750m rights issue to cut debt levels and ensure growth for the semi-finished and fabricated aluminium products company.

ENRC buys Northam stake for R2.2bn

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ENRC is to buy a 12.2% stake in Northam Platinum from Mvelaphanda Resources for R2.2bn in cash, leaving the way clear for the latter to begin an unbundling process.

Wesizwe, PTM close critical deal

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Wesizwe and Platinum Group Metals have cleared the final hurdle that will allow them now to finalise deals to finance their platinum mines, which may include bringing in strategic partners.

Angloplat maintains target, sees market deficit

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Anglo Platinum maintains its full-year production target of 2.5 million oz despite a quarter-on-quarter fall in output. It expects the platinum market to show a deficit this year on the back of strong demand.