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Another suitor for Metorex

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Metorex, which is a $1.1bn target for Brazil's Vale, says it has received an interest from another party to acquire the company.

Rio Tinto to hold 100% of Riversdale

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Rio Tinto is to move to compulsory acquisition of Riversdale Mining after Tata Steel accepted all of its shareholding into Rio Tinto's takeover offer for Riversdale.

More Zambian miners face tax queries

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Zambia's finance minister says audits have highlighted tax "issues" with mining assets owned by Vedanta Resources, First Quantum Minerals as well as Glencore.

DiamondCorp issues shares for cash

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Diamond development and exploration group DiamondCorp Plc will place over 26 million new ordinary shares to raise about £3.48m, it says.

Transnet mulls new Richards Bay line

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Freight logistics group Transnet may build a new rail line to the port at Richards Bay via Swaziland to free up capacity on its main coal export line, reports Business Day.

Metorex sets date for Vale vote

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Metorex shareholders will vote on Brazilian group Vale’s takeover offer on July 22 - the date chairperson Rob Still had hoped to be in Iceland on a fishing trip.

Shanduka to boost Sentula profits

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Teaming up with Shanduka will lift Sentula's profits, because the group will be running its own mines in addition to operating as a mining contractor.

Tanzanian MPs back mineral super tax plan

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Tanzania's parliament has approved a $27.4bn five-year development plan, backing the proposed introduction of a super-profit tax on mining companies.

‘Serious discrepancies’ at Aurora

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New liquidators have uncovered discrepancies between the assets handed to back Aurora's liquidators, and those given to Aurora when it made a R600m bid for the financially-striken Pamodzi Gold mines.

RBCT coal line re-opens

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Transnet Freight Rail has re-opened the coal export line - from Ermelo to Richards Bay - after a 20 day shutdown for maintenance and improvement.