Copper entering a bull phase
Copper prices will top $6,500/tonne in the fourth quarter of 2009 on the back of increased demand. The outlook for copper is bullish over the next three years.
KGHM says plans for large output rise unrealistic
Copper producer KGHM dropped plans to boost production by some 40% next year because it no longer planned to make a large acquisition of foreign deposits.
China saves face with Fortescue iron ore deal
Fortescue Metals broke ranks to forge a slightly cheaper iron ore price with Chinese steel mills in exchange for up to $6 billion in funding, giving Beijing's beleaguered industry group a much-needed face-saving win.
Congo may renegotiate First Quantum deal
Democratic Republic of Congo may review its decision to cancel a copper and cobalt project in which First Quantum Minerals is the majority stakeholder.
Copper hits new 10.5-month high
Copper prices rose to a new 10 and a half month high on Friday as hopes for an economic recovery held sway and overshadowed concerns prices had gone up too high too soon.
Confidence to thwart metal bulls
The omens for industrial metals next year are not good because consumer and corporate confidence as well as demand could disappoint.
First Quantum ‘mystified’ by DRC licence loss
First Quantum said it was mystified by a newswire story saying the Democratic Republic of Congo government had cancelled its $600m tailings treatment project.
Zambia asks mines to cut output
Zambia asks mining firms to cut output as it tests a recently rehabilitated power plant.
China firm to own 51% of Zambia nickel mine
China's Jinchuan Group will take a stake of about 51% in Zambia's sole nickel mine Munali, which is due to resume output in September.
Palabora shells out on dividend
Rio Tinto's Palabora Mining declared a substantial interim dividend on Tuesday following a drop in net earnings coupled with an increase of cash in hand.