R/€ = 14.89 Change: -0.18
R/$ = 12.07 Change: -0.09
Au 1317.50 $/oz Change: -0.47
Pt 953.00 $/oz Change: -3.60

Base Metals News

Rand helps boost Palabora’s earnings

     24th January 2003 South African copper miner, Palabora Mining Company reported a group profit for the year of R257-million yesterday, up 17% on the R220-million achieved in 2001. 

IDC signs up as partner in Zambian copper deal

By: marisa rodrigues     24th January 2003 Local middle-tier mining com-pany Metorex has reached an agreement with the Industrial Development Corporation for it to enter as an equity partner to mine the sulphide ores at the Chibuluma South mine in northern Zambia. 

Training facility at Namibian zinc-mine delivers results

     24th January 2003 The first zinc cathode was pulled from the electrowinning cells in the tank house at Skorpion Zinc’s training facility site near Rosh Pinah in southern Namibia recently. 

Bedford Centre Upgrade

     17th January 2003 Name of the project and location The Bedford Centre Upgrade, Bedfordview, Gauteng. Project description The redevelopment of the centre involves the addition of 5500 sq m of retail bulk to facilitate the incorporation of new National tenants and upgraded profile of tenancy as well as internal... 

Big auto opportunities for platinum, aluminium

By: Keith Campbell     17th January 2003 SOUTH Africa’s aluminium and platinum industries have real opportunities in the global automotive market. 

Chile runs with bioleaching ball

By: Keith Campbell     17th January 2003 Bioleaching, the process that uses bacteria to help extract metal from ore, and which was perfected in South Africa, now seems set to be taken into the 21st Century through the exploitation of the dramatic advances in genetics, but in Chile, not South Africa. 

Copperbelt Environmental Project

     17th January 2003 Name of the project and location Copperbelt Environmental Project, Zambia. Project description The aim of the project is to increase the long-term sustainability of environmentally sound and profitable mining operations in Zambia. Value $55,77 Duration Five years. Description of main contracts... 

New UK-Russian mineral group to be formed

     16th January 2003 Fleming Family and Partners, a private group owned by the Scottish Fleming banking dynasty, will create a new company embracing Russia's second largest aluminium producer SUAL, the two companies said yesterday. 

Increased resource announced at Congo deposit

     15th January 2003 Canadian miner, First Quantum Minerals has announced a new independently estimated copper resource at its Lonshi copper mine in the DRC. 

Zambia to choose Ramcoz mine buyer this week

     13th January 2003 Zambia's government expects to announce a winning bidder for the closed Ramcoz copper mine next week and hopes operations will resume in February, it said on Friday. 

Zambia’s copper output climbed in 2002

     9th January 2003 Zambia produced 309 654 t of refined copper in the 11 months to end-November 2002 against 270 158 t during the same period in 2001, the central bank said in a report on Tuesday. 

BHP Billiton extends copper cutbacks

     5th December 2002 Mining company, BHP Billiton Base Metals yesterday announced it would continue its programme of demand-based production originally announced by the Group in November 2001. 

Zambia copper output rising – central bank

     4th December 2002 Zambia's refined copper production for January to October 2002 rose to 277 654 tonnes from 241 896 t in the same period last year, the country's central bank said in a report yesterday. 

Konkola plans rise in copper output

     4th December 2002 Zambia's Konkola Copper Mines (KCM) said on Monday it plans to raise its 2003 copper output above this year's target of 220 000 t. 

Zinc body expands membership base

     3rd December 2002 Important changes to the membership structure of the International Zinc Association (IZA) have been agreed at its General Assembly recently, the body announced. 

Progress at Kansanshi copper project

     2nd December 2002 Canadian miner, First Quantum Minerals, has announced the signing of a mandate and indicative term sheet with the Standard Bank Group and WestLB AG, as co-lead arrangers and underwriters for a limited recourse export credit and commercial debt loan facility of a minimum of $120-million, for the... 

More exploration planned around Dikulushi

     2nd December 2002 The Dikulushi copper-silver mine, located in the southeast corner of the Democratic Republic of Congo (DRC), will operate as an open pit mine for the first four years, says Australian mining company Anvil Mining. 

Chinese firm commissions Zambia copper mine

     28th November 2002 Chinese miner NFC Africa said yesterday it had commissioned its Chambishi copper mine in Zambia, where it budgeted production at 24 000 t in 2003. 

40 potential buyers listed for Zambia’s Konkola

     26th November 2002 Some 40 firms have been short-listed as potential investors in Zambia's troubled Konkola Copper Mines (KCM), after the August exit of Anglo American, KCM said yesterday. 

Skorpion Zinc to come on stream Q1

     26th November 2002 Construction work at Anglo American's Skorpion Zinc mine and refinery, at Rosh Pinah in southern Namibia, is almost complete and will come on stream early next year, a senior executive said yesterday. 

Chinese aluminium firm plans expansion

     19th November 2002 China's Jiaozuo Wanfang Aluminium plans to expand capacity to 200 000 t/y next year and to 300 000 t/y by the end of 2004, a company official said yesterday. 

Miner finds zinc, silver deposit in Sweden

     18th November 2002 Swedish mining and metals group Boliden said last week it had found a rich new deposit of zinc and silver at its Kristineberg mine that would extend the lifetime of the mine. 

Brazilian mining giant has global plans

By: Keith Campbell     15th November 2002 Brazilian mining group CVRD is planning to increase its mining prospecting and research budget to $60-million from this year’s $50-million, and the entire increase will be spent outside Brazil. 

DRC mine concentrates deliver first payment

     15th November 2002 Australian company Anvil Mining has received the first cash flow payment from the delivery of Dikulushi copper-silver concentrates from its Dikulushi project located in the Democratic Republic of Congo (DRC) to the Ongopolo smelter in Namibia. 

Namibian copper firm eyes Zambian mines

     14th November 2002 Zambia's mining minister said yesterday Namibian miner Ongopolo Mining and Processing had made enquiries about purchasing the troubled Roan Antelope Mining Corporation (Ramcoz), and it was welcome to do due diligence. 

DRC cobalt mine to shut indefinitely for overhaul

     14th November 2002 The International Forrest Group said yesterday its Luiswishi cobalt/copper mine in Congo would soon shut indefinitely for overhaul, effectively cutting world cobalt supply by 15%. 

$34m expansion planned for Disputada smelter

By: Terence Creamer     12th November 2002 The Chilean mining unit of Exxon Mobil Corp plans a $34 million expansion and technical upgrade of its Chagres smelter, a Chilean newspaper reported Monday. 

China sees shining base metal demand in 2003

     11th November 2002 Du Weiguo stares worriedly at the neat piles of gleaming copper pipes on the floor, agonising over the massive orders he will have to put in over the next year. 

Collahuasi copper-mine

     8th November 2002 Name of the project and location Collahuasi copper-mine, Chile. Project description The expansion of operations at the fourth-biggest copper mine in the world, Collahuasi copper mine, in the far north-east of Chile. Value $650-million. Duration Project completion is scheduled for June 2004.... 

Chilean miner plans to sell power utility share in 2004

     8th November 2002 Chilean state copper miner, Codelco, will sell its stake in power supplier Electroandina, Codelco's CEO Juan Villarzu said on Wednesday. 

Zambia copper production sharply up

     6th November 2002 Zambia's copper production rose sharply in the first nine months of 2002 versus last year, but export earnings declined because of poor global market conditions, a senior central bank official said on Monday. 

Resources giant rejects aluminium worries

     1st November 2002 The world's largest diversified miner BHP Billiton said yesterday that rising global aluminium smelter capacity would not cause a problem for the company, which has two smelter expansion projects under way. 

Saudi opportunities for SA mining suppliers

By: Deborah Spicer     1st November 2002 South African mining-related companies could grow their exports to Saudi Arabia as the kingdom increases its mining activities. 

$2bn copper projects awaiting board approval

By: Martin Zhuwakinyu     1st November 2002 Resources giant BHP Billiton’s base-metals division is analysing copper projects worth nearly $2-billion, which, if they come to fruition, will guarantee the group’s continued status as a significant producer of the metal. 

Dikulushi project

     1st November 2002 Name of the project and location Dikulushi project, Democratic Republic of Congo (DRC). Project description Development of the infrastructure required for the development of the Dikulushi deposit, which will treat ore at a rate of 250 000 t/y and produce 35 000 to 40 000 t/y of concentrate,... 

Copper miner seeks debts finance for new mine

By: Martin Czernowalow     1st November 2002 Canadian miner, First Quantum Minerals, is in the process of mandating a global banking group to arrange the debt finance component for a new copper-gold mine in Zambia. 

Cllahuasi copper-mine

     31st October 2002 Name of the project and location Collahuasi copper-mine, Chile. Project description The expansion of operations at the fourth-biggest copper mine in the world, Collahuasi copper mine, in the far north-east of Chile. Value $650-million. Duration Project completion is scheduled for June 2004.... 

Dikulushi project begins yielding returns

     31st October 2002 Australian mining group, Anvil Mining has announced that it has received the first cash flow payment from the delivery of Dikulushi copper-silver concentrates to the Ongopolo smelter in Namibia. 

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