Copper soars to record on ETF buys
Copper prices have charged to an all-time high as shipment delays and robust prospects further fuelled demand from investors, who have started buying into a new exchange fund.
Coal and diamonds should do well in 2011
It's looking good for export thermal coal and rough diamonds in the new year, according to RBC Capital Markets, but the firm is more cautious on the prospects for nickel.
Indian consortium mulls Riversdale bid
An Indian consortium of state-run companies is considering a bid for a stake in Riversdale Mining as the country steps up its search for African coal assets.
Newcrest halts Ivory Coast, Indonesia mines
Newcrest Mining has put work at its Bonikro gold mine in Ivory Coast on ice and moved mine management to Ghana amid election tensions in the region.
Australian miners score tax concession
Australia's biggest mining groups may have won a long-running battle against Prime Minister Julia Gillard after a tax panel recommended the government pick up future state royalty payments under its tax reform package.
Major coal deal imminent in Mozambique
Riversdale Mining has requested a suspension in trading of its shares on the Australian Stock Exchange, as a takeover bid for the company is seemingly under way.
Indian steel firm seeks SA base – report
India’s second-largest producer of steel is considering building a plant in SA if government agrees to grant iron ore and coking coal mining permits, reports Bloomberg.
De Beers unaware of Anglo buyout ‘plot’
The world's largest diamond producer De Beers has contradicted a report saying that Anglo American is planning to take it over.
Simmers CEO resigns
Simmer & Jack CEO Nico Schoeman has resigned and will be replaced by company CFO Marius Saaiman.
Anglo plots De Beers takeover – report
Anglo American is considering a plan to take control of De Beers, according to a newspaper report.