Off The Wires

X2 Resources may bid for Vale nickel assets

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X2 Resources is said to be discussing the purchase of Vale's nickel assets which have been valued at between $5bn and $7bn.

Copper tumbles as investors ditch metals

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Copper fell to $5,400 per tonne, its heaviest decline in six years as investors ditched commodities and metals across the board.

Harmony halts work at mine after death

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Harmony Gold said it had stopped work at the development area of its Kusasalethu mine following the death of an employee in a fall of ground accident.

RBPlat cuts Shaft Sinkers Styldrift contract

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Royal Bafokeng Platinum has cut its contract with Shaft Sinkers on the Styldrift 1 project after the services firm's CEO and CFO left the company.

China iron ore exports rocket in December

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Iron ore exports to China in December increased 29% as the price weakened and some local mills were shuttered over the winter month.

Shaft Sinkers CEO, CFO quit firm

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Alon Davidof, CEO of Shaft Sinkers, has left the company with immediate effect after it failed to repay £2.9m to Standard Bank.

SA mining fatalities down in 2014

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The number of lives lost in South African mines last year was lower than the 93 killed in 2013, said the Chamber of Mines.

De Beers sales to exceed $6.5bn in 2014

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De Beers' sales in 2014 are expected to be more than $6.5bn owing to price appreciation and stronger than usual sales in the second half of the year.

SA Govt not planning Eskom ‘bail out’

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Financial support that would be offered to South African power utility, Eskom, would not be a bail-out but an opportunity to establish a medium-term plan.

Amplats takes debt collectors to court

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Anglo American Platinum is challenging a law firm and an administration company involved in debt collection that could change the way debt collection is managed.