Copper soars to record on ETF buys
Copper prices have charged to an all-time high as shipment delays and robust prospects further fuelled demand from investors, who have started buying into a new exchange fund.
Newcrest halts Ivory Coast, Indonesia mines
Newcrest Mining has put work at its Bonikro gold mine in Ivory Coast on ice and moved mine management to Ghana amid election tensions in the region.
Australian miners score tax concession
Australia's biggest mining groups may have won a long-running battle against Prime Minister Julia Gillard after a tax panel recommended the government pick up future state royalty payments under its tax reform package.
Major coal deal imminent in Mozambique
Riversdale Mining has requested a suspension in trading of its shares on the Australian Stock Exchange, as a takeover bid for the company is seemingly under way.
Indian steel firm seeks SA base – report
India’s second-largest producer of steel is considering building a plant in SA if government agrees to grant iron ore and coking coal mining permits, reports Bloomberg.
Simmers CEO resigns
Simmer & Jack CEO Nico Schoeman has resigned and will be replaced by company CFO Marius Saaiman.
Anglo plots De Beers takeover – report
Anglo American is considering a plan to take control of De Beers, according to a newspaper report.
Kumba’s Zim to start new steel firm
Lazarus Zim, the former chair of Kumba Iron Ore, says he has resigned from the board of the Anglo American subsidiary to start a new steel firm and avoid the potential of a conflict of interest.
A rare return for Rareco
Shareholders in Rareco, a junior mining company written off by the market after being suspended on the JSE in 2002, have received an unexpected Christmas gift.
Tata Steel ‘to sell SA assets’
Tata Steel is in talks to sell its South African assets to raise more than $150m, reports the Economic Times.