News

Global diversified miner Xstrata, which has alloys, coal and platinum operations in South Africa, says it has received formal notification from Glencore International informing its of Glencore's exercise of its option to acquire the Prodeco coal operations.

Global resources giant Anglo American has donated $10m which will be allocated to projects to rebuild houses and schools and implement emergency water and electricity services following the devastating earthquake in Chile.

Platinum Australia says this week's strike should be over by Monday as a contractor grapples with its workers. The platinum junior's shares have taken a smack.

The South African platinum sector is starting to look up again, but what are the challenges and which stocks should investors be watching.

Platinum Australia, the Australian exploration firm developing platinum projects in South Africa, reports that strike action at its Smokey Hills mine in SA has halted almost all operations at the mine.

Mining giant Anglo American said its operations lost less than 1 500 tonnes of copper during the stoppage of its Chilean operations after Saturday's earthquake.

Indonesia has given the local unit of Rio Tinto a mining permit for a nickel project in Sulawesi worth $2bn.

Metorex is trending in the right direction at its copper and cobalt projects despite a forecast blip in the March quarter due to adverse weather and electrical problems at its Ruashi plant.

Copper mines in Chile are slowly restarting after an earthquake in the South American country. LME copper prices are at their highest since 20 January.

Anglo American has confirmed that it has started to ramp up production at the four operations effected by the massive earthquake which struck Chile.