Metorex shareholders approve R9.1bn Jinchuan offer

Shareholders of base metals miner Metorex on Friday voted in favour of Chinese investor Jinchuan’s R9.1-billion offer to acquire the company. Under the terms of the offer, shareholders in Metorex would receive a cash consideration of R8.90 a...

China’s Jinchuan moves to trump Vale’s bid for Metorex with R9.1bn offer

Shares in JSE-listed Metorex climbed by nearly 7% on Tuesday, after the base metals miner received a more competitive offer from Chinese company Jinchuan than the one received from Brazil's Vale. Jinchuan put in a bid of R8.90 for every Metorex...

China plans to fix rare earth prices – report

China's central government plans to publish monthly prices for rare earth metals to avoid producers engaging in "cut-throat competition", China Daily reported on Thursday. China dominates production with 95% of global supply of the group of...

OMH and ConsMin may combine Australian manganese operations

Singapore-based OM Holdings (OMH) is investigating the possible acquisition of an interest in Consolidated Minerals’ (ConsMin’s) Woodie Woodie manganese operations, in Western Australia. The Woodie Woodie deal could lead to the two companies...

Sprightly at seventy

Although Consolidated Murchison will turn 70 next year, it is by no means an aging operation.