R/€ = 16.88 Change: -0.06
R/$ = 14.39 Change: -0.07
Au 1197.50 $/oz Change: -10.72
Pt 826.00 $/oz Change: -10.99

Base Metals News

Will new copper-silver project show way in DRC?

11th October 2002 The Dikulushi project in the troubled Democratic Republic of Congo (DRC), being developed by an Australian-listed mining company, is the first greenfields mining and processing project to come on-stream in the country during the tenure of its young president Joseph Kabila. 

Zicor expansion project

11th October 2002 Name of the project and location Zinc Corporation of South Africa (Zincor) expansion project, Gauteng. Project description Zincor is aiming, despite the drop in the price of zinc, to expand current production. Current expansion plans include using a debottlenecking process, which will tackle the... 

Zambia copper smelter to produce 3 000 t/m

10th October 2002 Zambia’s newest copper operation, Broken Hill Minerals Limited (BHM), is set to process 3 000t of copper a month from October, provided the government acts on promises to give it tax exemptions, its chief executive said on Tuesday. 

Major joins copper search in Zambia

9th October 2002 The world’s largest mining company, BHP Billiton, has joined a grassroots copper exploration programme in Zambia. 

Zinc surplus only remedied by output cuts - report

9th October 2002 Zinc prices are at all-time lows in real terms, despite demand growth, chiefly due to producers' failure to implement sizeable cutbacks, Paul White of the International Lead and Zinc Study group (ILZSG) said on Monday. 

Norwegian aluminium firm rejects giant’s takeover bid

8th October 2002 Norwegian metals group Elkem ASA rejected on Monday a bid by US Alcoa, the world's biggest aluminium maker, to secure control of its small rival. 

Polish miner eyes new Congo copper deposits

7th October 2002 Polish mining group KGHM plans further investment in the DRC to gain access to new copper deposits, despite taking sharp losses in an earlier project in the African country, CEO Stanislaw Speczik said last week. 

Maputo aluminium expansion on course

30th September 2002 Global diversified miner, BHP Billiton, said last week expansion of its southern African aluminium smelters is on track and it saw demand for the metal despite forecasts of a global surplus. 

Canadian miner expanding Zambian Copper operation

30th September 2002 Canadian miner, First Quantum Minerals has announced that commissioning of the Phase Two expansion has begun at the Bwana Mkubwa facility in Zambia. 

Zambian copper output to rise in 2002 – research

30th September 2002 Production of primary copper in Zambia will rise to 325 000t in 2002 from 296 000t last year, Citibank Zambia said on Thursday. 

R5-million contract for an expansion project awarded

27th September 2002 Member of the multibillion rand JSE-listed Altech Group of companies, Keops Isis Industrial Information Systems (Keops Isis), was awarded a contract exceeding R5-million for the implementation of real time supervisory (RTS) systems at the Hillside Aluminium smelter outside Richards Bay,... 

Zambia to close Nchanga in 3-4 years

27th September 2002 Zambia's Nchanga copper mine, the country's biggest open pit mine and a major contributor to its copper output, will close within three to four years, a senior mine official said on Wednesday. 

Zinc-air battery plant

27th September 2002 Name of the project and location Zinc-air battery plant, Gauteng. Project description German high-tech engineering company Zoxy Energy Systems, which is 60% owned by South African company Kumba Resources, is to build a zinc-air battery plant in Pretoria, Gauteng. The plant will produce and... 

Court battle over Spanish mine disaster

27th September 2002 Swedish mining and metals group Boliden said on Wednesday it was taking Spanish builder Dragados to court, demanding compensation for a mine accident that led to Spain's worst-ever ecological disaster. 

Zambia writes off $81m loan to copper mine

19th September 2002 A senior Treasury official said earlier this week that Zambia had written off an $81-million loan to the country's troubled Konkola Copper Mines (KCM), to help clean up its balance sheet as an enticement to a future investment. 

No deal yet of Chile copper-mine dispute

18th September 2002 Exxon Mobil said on Monday there was still no sign of a final agreement with the Chilean government in a legal battle that has clouded the company's plans to sell its Chilean copper mining unit for $1,3-billion. 

Drilling for PGMs on north-limb farm

16th September 2002 Canadian miner, Anooraq Resources last week announced assay results from drill hole AR 3, cored on its Rietfontein property, located on the northern limb of the Bushveld Complex in South Africa. 

DRC copper project is now 90% complete

13th September 2002 The Dikulushi Project in the Democratic Republic of Congo is now 90% complete and the completion date has been pushed out by approximately 20 days, to mid-September, as a result of logistic delays arising from the barge construction stage, which were not made up as anticipated. 

Drilling proves new high-grade copper deposit in Zambia

By: Laura Franz     13th September 2002 The Mopane Copper Mines (MCM) in Zambia has identified copper ore of high grade at the new Nkana Synclinorium, which is expected to result in increased production. 

Group’s profit hit by Zambia woes

13th September 2002 South Africa's mining group Anglovaal Mining reported lower annual earnings yesterday, due mainly to losses at its troubled Chambishi copper and cobalt operation in Zambia. 

Chile reaches deal with oil major on copper-asset sale

13th September 2002 Chile's government said yesterday Exxon Mobil had agreed to pay about $40-million in taxes on its planned $1,3-billion sale of Chilean mining assets. 

Nigeria invites bids for aluminium smelter

12th September 2002 Nigeria invited local and international companies on Tuesday to express interest as core investor in its troubled 193 000-tons-a-year ALSCON aluminium smelter. 

Smelter growth could lead to alumina shortfall

9th September 2002 Independent research house, AME Mineral Economics has just released its annual Alumina Production Cost Report, analysing the cost structures of 51 alumina refineries and proposed new developments in 21 countries. 

Automated system to stump gold-theft

By: candice haase     6th September 2002 A completely automated system, aimed at preventing gold theft, and reducing gold inventory, has been designed by mineral and metallurgical technology specialists Mintek over the last few months. The system, known as Winix, is yet to be commercialised. 

Kumba projects overview

6th September 2002 Name of the project and location Kumba projects overview. Worldwide. Project description Newly-formed South African resources company, Kumba Resources, has released details of 17 projects currently at various stages of development within Kumba. Four relate to the group’s main business or... 

R3m government grant received

By: candice haase     6th September 2002 At the beginning of this year, the Platinum Development Initiative (PDI) was awarded a government grant, through the Department of Arts, Culture, Science and Technology, of over R3-million for its second three year project. 

Canadian, SA partnership in Namibian copper deal

6th September 2002 Research body Mintek together with BacTech Enviromet Corporation of Canada (BacTech/Mintek) signed an agreement in July to exploit the Haib Copper Deposit in Namibia using BacTech/Mintek’s proprietary heap bioleaching technology. 

Zambia copper-gold project study advances

6th September 2002 First Quantum has announced the results of an engineering study for the phase-one development of its 80%-owned Kansanshi copper-gold project, based in Zambia’s Copperbelt. 

Dikulushi project (heavy minerals project)

6th September 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,... 

No agreement in Chile copper-mine tax dispute

4th September 2002 Chile's government said on Monday it failed to reach an agreement with Exxon Mobil, in a top-level meeting, to resolve tax and legal disputes that have snagged Exxon's $1,3-billion sale of mining assets. 

Major China copper firms to cut output

3rd September 2002 Ten major Chinese copper producers have agreed to cut copper output by a combined 120 000 tons this year due to a shortage of concentrates and dismal prices, an industry official said yesterday. 

Chilean lawmaker sues over copper-mine tax evasion

2nd September 2002 A Chilean lawmaker lodged a criminal suit in Santiago on Thursday against US oil giant Exxon Mobil, for alleged tax infractions, in a worsening row over Exxon's planned $1,3-billion sale of mining assets. 

SA resources firm signs zinc joint venture in China

2nd September 2002 South African miner Kumba Resources said on Thursday it had signed a joint-venture deal to expand and operate a zinc refinery and smelting operation in Inner Mongolia in China. 

Collahuasi copper-mine

30th August 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 Not stated. Description of main contracts Still in... 

DRC copper project hits logistics snag

27th August 2002 The Dikulushi Project in the DRC is now 90% complete and the completion date has been pushed out by approximately 20 days, to mid-September, as a result of logistic delays arising from the barge construction stage, which were not made up as anticipated. 

Chile wants $300m tax from copper-mine sale

23rd August 2002 The Chilean government said on Wednesday it had sent a bill to Congress to ensure ExxonMobil pays an estimated $300-million in taxes on the sale of its Chilean mining subsidiary. 

Expansion on the cards for zinc refinery

By: vanessa vasques     23rd August 2002 As one of the low-cost zinc producers in the world, the Zinc Corporation of South Africa (Zincor) aims, despite the drop in the price of zinc, to expand current production, keep costs down and improve revenue through the increased output of zinc and the production of other products. 

Resource giant sticks to copper cutback plan

21st August 2002 Chile's Escondida copper mine, a unit of BHP Billiton, said on Monday it produced 51 575 tons copper in July, down 23,4% from July 2001. 

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