Competing bid likely for Metorex
Now that Vale has started the ball rolling with its takeover offer, it seems likely there is going to be a competing bid for Metorex from Chinese investors.
BHP Billiton completes $6.3bn buyback
BHP Billiton has bought back 4.4% of its shares as part of its $10bn capital management program.
Eskom in court over Billiton prices
Amid serious concern about electricity security this winter, the hearing of a court application by Media24 to force Eskom to disclose its prices for BHP Billiton gets under way.
‘SA mines grab debate skewed by race’
A survey shows a sharp racial divide on support for or disagreement with the nationalisation of SA's mines.
Eskom mulled buying back BHP contract
Eskom has seriously considered "buying back" the supply contract for BHP Billiton’s Hillside aluminium smelter, but it remains too expensive.
Gold surges to fresh record
The price of gold rose to a new high on fears of heightened inflation and concerns the dollar would weaken further against the euro.
Gold surges to record on euro
Gold has struck a record high as a weaker dollar and concerns about inflation sent investors piling into precious metals.
Russian firms to invest in SA rare metals
Two Russian firms have reportedly agreed to participate in government's planned R15bn rare metals processing complex.
Rio wins control of Riversdale
Rio Tinto has gained control of Riversdale with a $4bn offer, allowing it to dicate development of its coal mines in Mozambique.
Vale makes takeover offer for Metorex
Brazil's Vale, the world's largest producer of iron ore, has made an offer to acquire Metorex for R7.5bn, the two companies said.