Coal and diamonds should do well in 2011
It's looking good for export thermal coal and rough diamonds in the new year, according to RBC Capital Markets, but the firm is more cautious on the prospects for nickel.
Copper soars to record on ETF buys
Copper prices have charged to an all-time high as shipment delays and robust prospects further fuelled demand from investors, who have started buying into a new exchange fund.
Newcrest halts Ivory Coast, Indonesia mines
Newcrest Mining has put work at its Bonikro gold mine in Ivory Coast on ice and moved mine management to Ghana amid election tensions in the region.
Indian steel firm seeks SA base – report
India’s second-largest producer of steel is considering building a plant in SA if government agrees to grant iron ore and coking coal mining permits, reports Bloomberg.
Australian miners score tax concession
Australia's biggest mining groups may have won a long-running battle against Prime Minister Julia Gillard after a tax panel recommended the government pick up future state royalty payments under its tax reform package.
Major coal deal imminent in Mozambique
Riversdale Mining has requested a suspension in trading of its shares on the Australian Stock Exchange, as a takeover bid for the company is seemingly under way.
Kumba’s Zim to start new steel firm
Lazarus Zim, the former chair of Kumba Iron Ore, says he has resigned from the board of the Anglo American subsidiary to start a new steel firm and avoid the potential of a conflict of interest.
Tata Steel ‘to sell SA assets’
Tata Steel is in talks to sell its South African assets to raise more than $150m, reports the Economic Times.
Simmers CEO resigns
Simmer & Jack CEO Nico Schoeman has resigned and will be replaced by company CFO Marius Saaiman.
De Beers unaware of Anglo buyout ‘plot’
The world's largest diamond producer De Beers has contradicted a report saying that Anglo American is planning to take it over.