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China firm to invest $600m in Zambia copper

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A Chinese firm is to invest $600 mln in Zambian copper mines.

RUSAL to restart a mothballed plant

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Russia's UC RUSAL, the world's biggest aluminium producer, plans to boost output and restart a mothballed plant after reporting a better-than-expected profit for the second half of 2009.

De Beers extends sight contracts by a year

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De Beers' company, the Diamond Trading Company, extends sightholders' contracts by a year.

S.Korea steel body joins iron ore price protests

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The Korea Iron & Steel Association said it has joined European and Chinese steel bodies to oppose recent raw material price increases.

Rio sounds death knell for annual iron ore pricing

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Rio Tinto says it is dumping the annual iron ore pricing in favour of quarterly pricing. It is the last of the top three to do so.

Rough diamonds show resilience

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Continued strong demand for rough diamonds will see significant gains in revenue and cash flow for all diamond miners this year according to RBC Capital Markets analyst Des Kilalea.

Barend Petersen new CEO of De Beers

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Diamond giant De Beers has announced the appointment of Barend Petersen as CEO of De Beers Consolidated Mines (DBCM) with effect from April 2010.

Weak China copper demand drives surplus

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The global copper market showed a supply surplus of 777,000 tonnes in 2009 due to weak demand from economies outside of China, GFMS says.

Anglo nears sale of $1bn zinc business

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Anglo American nears the sale of its $1bn-plus zinc businesses.

Implats retirees to boost ops

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Impala Platinum has put two former executive stalwarts - ex-CEO John Smithies and former head of Rustenburg operations Paul Visser - back in harness as it strives to improve its Rustenburg operations.