Codelco, Anglo secret talks ‘failed’
Two months of secretive talks between Codelco and Anglo American have failed to resolve a stake option dispute, so a legal battle is for now the only way forward, says Codelco's CEO.
BHP, Rio approve $4.5bn Escondida expansion
BHP Billiton and Rio Tinto have raised their bets on global copper demand, approving plans for a $4.5bn expansion of the massive Escondida mine in Chile.
DRDGold to expand Ergo production
DRDGold is to spend R250m to increase gold production through improvements to its
Ergo treatment plant to raise gold recovery rates.
CGNPC closes in on Namibia’s Husab
ASX-listed Extract Resources, which owns the Husab uranium deposit in Namibia, has
received a formal bidder’s statement from China’s CGNPC-URC for a A$8.65/share deal.
Merafe joins Eskom power down hit list
Merafe in discussions to idle ferrochrome furnaces as fears Eskom would impose a
fresh round of load-shedding on South Africa’s mining industry start to materialise.
Philippine mining rule change slammed
Big business groups have criticised a Philippine government plan to raise revenue by imposing new taxes on mining companies and reviewing their contracts.
DRC to allow Anvil-Minmetals deal to proceed
Minmetals Resources says its acquisition of Anvil Mining will proceed now that the two firms have reached an agreement with minority stakeholders in the DRC.
Zim, Guptas part ways
Lazarus Zim has confirmed that he severed all business ties with the Gupta family last
year, ending a relationship plagued by controversy.
Xstrata shuts furnaces to aid Eskom
Xstrata has switched off two chrome furnaces at its Rustenburg plant to help power utility Eskom save power, but says that supplies to customers will not be affected.
Amplats paints grim outlook for platinum mining
Amplats CEO Neville Nicolau has confirmed recent assessments by analysts that the
platinum sector is facing tough times due to low prices and falling production.