R/€ = 16.48 Change: -0.01
R/$ = 14.51 Change: -0.01
Au 1304.69 $/oz Change: 0.00
Pt 836.28 $/oz Change: 0.00

Base Metals News

Zambezi Resources agrees to form uranium JV with Zambezi Nickel

By: Matthew Hill     22nd May 2007 Aim-listed exploration firm Zambezi Resources announced on Monday that it had entered into an agreement with Zambezi Nickel to embark on a joint venture (JV) on its Oryx uranium prospect, in Zambia, in terms of which Zambezi Nickel could acquire the project�s uranium rights. 

Avalloy launches SA's first superalloy plant

By: Mariaan Webb     21st May 2007 Metal producer Avalloy opened South Africa's first superalloy plant to produce alloys from locally mined nickel, cobalt and chrome on Monday, and formalised a supplier agreement with Rolls-Royce. 

Katanga targets production at DRC project by year-end

By: Nelendhre Moodley     18th May 2007 TSX-listed Katanga Mining on Friday re-iterated its growth strategy focus for the development of Katanga into a major independent African copper and cobalt producer, and said that it expected to bring the project into production by year end. 

Samroc says 'in negotiations'

By: Matthew Hill     18th May 2007 JSE-listed exploration and development junior Samroc announced on Friday that it was in negotiations, sending its shares up by 133% to an all-time high, albeit a mere 14c a share. 

Limited supply response to persistent base-metals demand, survey finds

By: Irma Venter     18th May 2007 Despite persistent demand for most base metals, there remains limited supply response - this according to London-based Natixis Commodity Markets’ second-quarter Metals Review. 

Pilot run successful for new atmospheric copper-leach process

By: Christy van der Merwe     18th May 2007 After being granted the rights to market Galvanox technology, which presents several potential advantages over existing copper sulphide-leach processes, South African-based Bateman Engineering has completed the first phase pilot plant run using Galvanox technology in Canada. 

Break fee in new Xstrata LionOre offer 'unreasonably high' - Norilsk

By: Matthew Hill     16th May 2007 The world's-biggest nickel producer, Russia's Norilsk Nickel, expressed surprise and disappointment that Xstrata's new offer to acquire LionOre had an 'unreasonably high' break fee, in an emailed statement on Wednesday. 

Nikanor says bid proposal 'does not reflect true value'

By: Matthew Hill     16th May 2007 Aim-listed emerging copper development company Nikanor could receive an offer from three of its major shareholders and two other firms to acquire all the shares that the five did not already own, for 600p a share, the UK-based company said on Wednesday. Nikanor's stock closed at 650p on the... 

Teal starts mining at DRC copper-cobalt project

By: Matthew Hill     15th May 2007 JSE- and TSX-listed Teal Exploration & Mining said on Tuesday that it had begun mining at its 60%-owned Lupoto copper-cobalt deposit in the Democratic Republic of Congo (DRC). 

LionOre profit leaps on nickel prices

By: Nelendhre Moodley     15th May 2007 Canada's LionOre Mining International posted strong results, achieving new quarterly records for mineral sales, at over half a billion dollars, and operating earnings of $343,5-million for the first quarter 2007 financial and operational results. 

Anvil to issue shares to raise C$175m

By: Matthew Hill     15th May 2007 TSX- and ASX-listed copper and silver producer Anvil Mining has entered into a financing agreement, on a bought deal basis, with underwriters to issue 10,7-million common shares at a price of C$16,25 a share, to raise about C$175 million.  

Xstrata ups the ante with LionOre counter bid

By: Matthew Hill     15th May 2007 Diversified mining giant Xstrata and nickel-miner LionOre Mining International announced on Tuesday that Xstrata had upped the ante in the bidding war for the Canadian nickel producer to C$25,00 a share, 35% higher than its first bid. This was after Norilsk lodged a counter-bid of C$21,50 a... 

Time running out for Xstrata in LionOre bid

By: Matthew Hill     14th May 2007 Nickel miner LionOre said on Monday afternoon that it had not yet received a second offer from diversified mining giant Xstrata, after Russia�s Norilsk announced a superior counter bid to the firm�s March 26 offer of C$18,40 a share, valuing the transaction at R28,9-billion. 

Nkomati expansion may cost R2,5bn

By: Matthew Hill     14th May 2007 South African diversified miner African Rainbow Minerals (Arm) said on Monday that a planned 15 000 t/y expansion at its 50%-owned Nkomati nickel mine could cost as much as R2,5-billion. 

African Copper awards mining contract for Botswana project

10th May 2007 African Copper has signed a five-year contract with Moolman Mining Botswana (Moolmans), subsidiary of Aveng Limited, for the mining at its Dukwe project, located 120 km northwest of Francistown, Botswana. 

Albidon secures $60m finance facility for Zambian nickel project

By: Matthew Hill     9th May 2007 The European Investment Bank (EIB) and Barclays Capital (Barclays) would act as joint lead arrangers to provide a $60-million financing facility for nickel exploration and development firm Albidon, which would completed the financing requirements of its Munali nickel project, in Zambia, it said... 

AngloGold Ashanti budgets $86m for exploration this year

By: Nelendhre Moodley     9th May 2007 Gold-miner AngloGold Ashanti plans to spend $86-million on exploration this year, in a bid to get ahead of the curve as gold-miners worldwide search for ounces in the ground to counter declining production levels. 

SA to get new beneficiation base levels by year-end

By: Matthew Hill     9th May 2007 South Africa's Minister of Minerals and Energy, Buyelwa Sonjica, would by the end of the year gazette minimum levels to which miners in South Africa would have to beneficiate their minerals before exporting, a top official said on Tuesday. Department of Minerals and Energy (DME) mineral... 

Oz explorer reports promising results from Botswana zinc prospect

By: Nelendhre Moodley     8th May 2007 Australian explorer Mount Burgess Mining has reported that drill results from the first of thirteen diamond holes had shown significant increase in grade for the Kihabe zinc project, located in Botswana. 

Xstrata has until May 14 to counter 'superior' Norilsk offer - LionOre

8th May 2007 Canadian nickel-miner LionOre Mining said on Tuesday that its board of directors had determined that Norilsk Nickel's C$21,50 a share offer for the company constituted a 'superior' proposal to a C$18,50 friendly bid by diversified miner Xstrata, announced last month. 

Alcoa launches $33bn bid for rival Alcan

By: Matthew Hill     7th May 2007 One of the world’s biggest aluminium producers, Alcoa, on Monday announced that it would make an offer to acquire all of the outstanding common shares of competitor Alcan for $33-billion, or nearly R230-billion, in cash and shares.  

Acquisitive Norilsk forecasts nickel supply deficit

By: Matthew Hill     7th May 2007 The world's biggest nickel producer, Norilsk, which last week announced a counterbid for Canada's LionOre, forecasts a deficit in global supply for the silvery-white metal, as a number of big industry projects have been delayed. "We are confident that global demand for nickel will... 

Wastewater treatment company secures mining contract

By: Brindaveni Naidoo     4th May 2007 Water and wastewater treatment company VWS Envig has recently completed the design, construction and installation of a water-treatment plant in Botswana at the SelebiPhikwe mine. 

Nikanor in talks over possible offer

By: Nelendhre Moodley     3rd May 2007 Aim-listed mining group Nikanor said on Thursday that it had been approached concerning a possible offer, which it was considering.  

Norilsk Nickel offers C$21,50 a share for LionOre

By: Matthew Hill     3rd May 2007 The world's number-one nickel producer Norilsk Nickel will make an all-cash offer to acquire LionOre Mining for C$21,50 a share, or about C$5,3-billion, the company said on Thursday. 

Lonmin still eyeing 1moz/y production target, despite shaky first half

By: Matthew Hill     2nd May 2007 The world's third-biggest platinum producer, Lonmin, on Wednesday said that it had experienced a difficult second quarter for the three months ended March 31, with sales falling by 35%, but that it remained on target to produce 980 000 oz to a million ounces of platinum for the year. CEO... 

Anglo American to buy Peru copper project for $403m

By: Nelendhre Moodley     2nd May 2007 Diversified resource group Anglo American on Wednesday announced that it had been awarded the Michiquillay copper project in Peru for $403-million, staged over the first five years. 

Large-scale mining begins at Zambia copper mine

2nd May 2007 African-copper miner Equinox Minerals has started large-scale mining operations at the Lumwana copper mine, in Zambia, the company said this week.  

Anvil to buy 18% of Sub-Sahara for A$7,2m

By: Nelendhre Moodley     30th April 2007 Australian copper miner Anvil Mining on Monday announced that it would be investing in an 18% stake Sub-Sahara Resources by way of a private placement of A$7,2-million. 

Mvela shareholders approve 1bn new shares

30th April 2007 Black-empowered mining firm Mvelaphanda Resources announced on Monday that, at a general meeting, shareholders had voted to pass a special resolution to create one-billion unissued shares. 

Top refiner says copper demand strong for years

By: Bloomberg     27th April 2007 Europe’s largest copper refiner, Norddeutsche Affinerie, said copper demand will remain strong for years led by Asian countries such as China. 

Exxaro, First Quantum yet to make decision on Gecamines suit

By: Mariaan Webb     25th April 2007 Exxaro and First Quantum have not yet made a final decision on whether or not they will sue Democratic Republic of Congo (DRC) State-owned mining company Gecamines to compensate for expenses on the Kiphusi project, their lawyer said on Wednesday.  

Teal updates Konkola resources

By: Nelendhre Moodley     24th April 2007 TSX- and JSE-quoted Teal Mining on Tuesday has revised its previous resource categories at its South and East Limbs of the Konkola North copper project, to 24,9-million tons, at a grade of 2,36% combined copper at the Konkola North copper project, located on the Zambian Copperbelt. 

BHP Billiton reports record production levels

By: Nelendhre Moodley     24th April 2007 Global diversified resources group BHP Billiton reported record production for the first nine months of its financial year, underpinned by strong customer demand, the company said in a report on Tuesday. 

Anvil to build $238m DRC copper plant

By: Nelendhre Moodley     23rd April 2007 Toronto and Australian Stock Exchange-listed copper and silver producer Anvil Mining, on Monday, announced the construction of a Stage II 60 000 t/y solvent extraction and electrowinning (SX-EW) copper facility at its Kinsevere project, located 27 km north of Lubumbashi, in the Democratic... 

Copper nears 7-month high on supply worries, China

By: Reuters     20th April 2007 Copper surged close to its seven-month high on Friday, fuelled by expectations that a robust Chinese economy will boost demand for base metals and on further supply tightness looming in Indonesia.  

Xstrata gets Oz competition go-ahead for LionOre deal

By: Liezel Hill     19th April 2007 Xstrata has received clearance from the Australian Competition and Consumer Commission for its all-cash offer for Canadian nickel producer LionOre, the group said on Thursday.  

Palabora refined copper output dips on previous quarter

By: Nelendhre Moodley     19th April 2007 JSE-listed copper group Palabora Mining produced 20 800 t of refined new copper in the first quarter of 2007, 5,9% lower than the 22 100 t produced in the last quarter of 2006. 

Latest News


Latest Videos


Press Office


Topics In These Articles

RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Free daily email newsletter Register Now
Register Close