Copper continues record rally
Copper futures are rallying on the first day of trade of the New Year, extending 2010's 33% gains on expectations of sustainable growth in top metal consumer China.
Russian firm hires ex-Anglo director
Russian steelmaker Severstal has recruited former Anglo American executive Philip Baum to head the $4bn flotation of its gold unit, according to reports.
Eastplats completes equity finance deal
Eastern Platinum has finalised an equity financing process of R2.3bn, issuing 224 million new shares.
Metals set to end year on climax
Commodity markets are set to finish 2010 on a high note, while investors are positioning themselves for further growth on expectations of a continuation of this year's recovery.
Silver hits 30-year peak
Spot silver is trading at historical levels, buoyed by a weak dollar and strength in base metals, while gold is holding steady on good physical demand.
Anglo declares force majeure in Australia
Anglo American has pronounced force majeure on its coal mines in Australia's Queensland state due to prolonged heavy rains.
Japan devises palladium-like alloy
Japanese researchers have created an alloy with properties similar to palladium, a precious metal used in many high-tech goods, according to a news report.
Storms cause BHP to close coal mines
BHP Billiton has declared force majeure on some coal operations in Queensland's Bowen Basin.
Copper prices bode well for Zambia
The high copper price will bring further hefty investment into the sector in Zambia, says the head of the body representing foreign miners.
Anglo secures Minas-Rio port costs deal
Anglo American has concluded long-term port tariff arrangements for its Minas-Rio iron ore project in Brazil and obtained clarity about the port's capital funding.