Competing bid likely for Metorex
Now that Vale has started the ball rolling with its takeover offer, it seems likely there is going to be a competing bid for Metorex from Chinese investors.
BHP Billiton completes $6.3bn buyback
BHP Billiton has bought back 4.4% of its shares as part of its $10bn capital management program.
Russian firms to invest in SA rare metals
Two Russian firms have reportedly agreed to participate in government's planned R15bn rare metals processing complex.
Gold surges to record on euro
Gold has struck a record high as a weaker dollar and concerns about inflation sent investors piling into precious metals.
Vale makes takeover offer for Metorex
Brazil's Vale, the world's largest producer of iron ore, has made an offer to acquire Metorex for R7.5bn, the two companies said.
Zim mining body offers equity compromise
Zimbabwe's mining industry has proposed that "social investments" count towards meeting new economic empowerment regulations for foreign mining firms.
Rio wins control of Riversdale
Rio Tinto has gained control of Riversdale with a $4bn offer, allowing it to dicate development of its coal mines in Mozambique.
Gold Fields output disappoints
Gold Fields has blamed its lower quarterly production on the Christmas break.
Govt plans to profit from rare metals
Government reportedly plans to establish a R15bn plant to process rare metals, which are used in cell phones, flat-screen TVs and microwaves.
Aurora to appear before MPs
Liquidator Enver Motala says he and Aurora will give parliament's mineral resources committee an overview of what is happening with Pamodzi's gold mines.