Daily podcast – March 26, 2009

In today's podcast: tough wage negotiations lie ahead for South Africa's gold sector this year; and Camec restarts its cobalt operations in the Democratic Republic of Congo.

Camec restarts DRC cobalt mine as market strengthens

London-listed diversified miner Central African Mining & Exploration (Camec) has restarted cobalt operations in the Democratic Republic of Congo (DRC), following a recent strengthening in the cobalt market. Camec stopped mining at the Mukondo...

Project delays, mine shutdowns and cutbacks

A chronological summary of project delays, mine shutdowns and production cutbacks announced by miners around the world in response the falling metals prices and tightening financial markets. Begins July 2008.

Metorex CEO to step down, founder to exit, cash-consuming assets for sale

Troubled midcap miner Metorex on Friday staunched its share-price haemorrhage with the announcement of far-reaching restructuring that would see the stepping down of growth-era CEO Charles Needham, the exiting of founder Simon Malone, the creation...

Camec suspends DRC copper, cobalt operations

Africa-focused diversified miner Central African Mining & Exploration (Camec) has temporarily halted its copper and cobalt mining operations in the Democratic Republic of Congo (DRC). The company stated on Wednesday that the decision had been a...

DRC confirms Camec's Rautenbach was deported

The Democratic Republic of Congo (DRC) on Monday confirmed that it had, in fact, arrested and deported controversial Zimbabwean businessman Bill Rautenbach, in response to a Bloomberg report that Rautenbach had "spent the night with...

Copper junior makes counter offer for uranium company

Central African Mining & Exploration has bid A$222-million ($185-million) in shares for Australian uranium explorer OmegaCorp, rivalling a Denison Mines bid.