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First Quantum says workers on strike in Zambia

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Workers at the Zambian unit of Canada's First Quantum Minerals have gone on strike for a 100% pay rise, bringing production to a halt at the country's largest copper mine.

Copper at 3-week high on fund flows, China data

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Copper has hit a three-week high, lifted by fund allocations at the start of the year and by an expansion in China's manufacturing activity.

Resources give JSE New Year fillip

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The JSE was up more than 2% as stronger commodity prices drove the resources sector higher, although trade was thin.

Anglo finds fighting weight

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BEST OF 2011: After a period of divestment, Anglo American is in fine fettle to compete against its diversified mining rivals. First published 24 January.

Gold heads into 2012 with final quarter loss

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Spot gold is ending 2011 on a weak note after 10 straight annual gains, heading for its first quarter of losses in more than three years.

Iron ore prices set for 20% decline in 2011

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Iron ore prices in China, the world's biggest market, are headed for a 20% decline this year, and few analysts see them recovering soon.

Gold One completes Jintu deal

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Gold One International says the AUS$150 million subscription by Chinese investors has been completed - as planned before the year end.

Copper heads for first drop in three years

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COPPER is headed for its first annual drop in three years due to worries that demand growth for the industrial metal may falter.

Gold wallows near 3-month low

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Gold is wallowing near a three-month low, remaining under pressure due to a firm dollar, while investors frets over an important Italian bond auction later in the day.

Anglo American, Codelco face off in court

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Chilean state copper miner Codelco and Anglo American have faced each other in court as Anglo seeks to have an injunction against it lifted, reports news wire Dow Jones.