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Xstrata seeks new chair

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Xstrata is considering replacing chairperson Willy Strothotte, reports Sky News.

Anglo predicts 150m tonnes iron ore output

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UPDATED: Anglo American's iron ore output capacity may rise to above 150 million tonnes by 2020, says an executive.

Petra ups Koffiefontein stake

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Petra Diamonds has increased its effective interest in its Koffiefontein mine from 70% to 74%.

Rio mulls more Alcan asset sales

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Rio Tinto may sell some aluminium smelters and refineries with limited growth potential, and is considering a major capital investment at its Alcan unit, according to a report.

Bengwenyama challenged on land claims

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A community has claimed the Bengwenyama-Ya-Maswati misled the Constitutional Court over the ownership of land on which Genorah Resources’ prospecting rights were set aside.

Copper to outperform base metals – Goldman

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Metals prices will diverge to follow their own fundamentals during 2011 as emerging market economies drive ahead and demand recovers in developed nations, says Goldman Sachs.

African Eagle starts to soar

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The share price of African Eagle Resources has taken off, as institutions are seemingly buying management's story that the company found a world class nickel deposit in Tanzania.

Copper hits record after strong China data

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Copper prices have risen to a record $9,103 a tonne, buoyed by strong Chinese macro-economic and output data.

SA records gold output gains

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South Africa's gold output during the third quarter rose 2.1% compared with the second quarter, says the Chamber of Mines.

Gold up on physical buying

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Spot gold is trading higher as healthy physical demand buoys prices.