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Competing bid likely for Metorex

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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

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BHP Billiton has bought back 4.4% of its shares as part of its $10bn capital management program.

Eskom in court over Billiton prices

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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’

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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

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Eskom has seriously considered "buying back" the supply contract for BHP Billiton’s Hillside aluminium smelter, but it remains too expensive.

Gold surges to record on euro

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Gold has struck a record high as a weaker dollar and concerns about inflation sent investors piling into precious metals.

Zim mining body offers equity compromise

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Zimbabwe's mining industry has proposed that "social investments" count towards meeting new economic empowerment regulations for foreign mining firms.

Russian firms to invest in SA rare metals

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Two Russian firms have reportedly agreed to participate in government's planned R15bn rare metals processing complex.

Rio wins control of Riversdale

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Rio Tinto has gained control of Riversdale with a $4bn offer, allowing it to dicate development of its coal mines in Mozambique.

Gold Fields output disappoints

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Gold Fields has blamed its lower quarterly production on the Christmas break.