Metorex to delist from JSE in early December

Base metals miner Metorex is expected to delist from the JSE in early December, following the completion of a takeover by Chinese group Jinchuan. Jinchuan, which has made a R9.1-billion offer for Metorex last month, already secured irrevocable...

Metorex reports stable H1 copper output despite power outages

JSE-listed Metorex on Wednesday reported slightly higher copper production from its operations in Zambia and the Democratic Republic of Congo (DRC) for the first six months to June. Total copper output rose 1% to 26 562 t, from 26 358 t, while...

NUM welcomes Vale pulling out Metorex bid

South Africa’s largest mining union, the National Union of Mineworkers (NUM), on Tuesday welcomed the news that the Brazilian mining giant Vale had pulled out of a bid to buy JSE-listed base-metals miner Metorex. The union previously said that...

Chinese seen as most likely rival suitor eyeing Metorex

A Chinese consortium is seen as the “most likely” party to make a counteroffer for JSE-listed base metals miner Metorex, analysts speculated on Monday. Brazil’s Vale announced a R7.5-billion offer for Metorex in April, but the South...

Brazil’s Vale bids R7,5bn for copper/cobalt miner Metorex

Brazilian mining giant Vale on Friday made a R7,5-billion, or $1,1-billion, offer for South African-headquartered base-metals miner Metorex. The acquisition is in line with Vale’s ambitions to become one of the world’s largest copper...

Metorex boosts Ruashi output despite power disruptions

JSE-listed Metorex reported improved operational results for the quarter ended September 30, 2010, despite power interruptions in the Democratic Republic of the Congo (DRC). The miner said on Friday that copper production increased by 18% while...

Metorex completes Ruashi plant shutdown

Base-metals-miner Metorex has completed a plant shutdown at its Ruashi copper mine in the Democratic Republic of Congo, where a transformer electrical fault cut output from a solvent extraction-electrowinning (SX-EW) plant, in May. On May 8, the...

Metorex changes year-end to December

Diversified-miner Metorex has decided to change its financial year-end from June to December. The JSE-listed group told shareholders on Friday that this would align its year-end with that of its subsidiaries, which included Ruashi Mining, which...

Metorex lifts Ruashi copper, cobalt production

Copper output at JSE-listed base-metals miner Metorex’ joint-venture Ruashi mine, in the Democratic Republic of Congo (DRC), rose 32% in the quarter ended December 31, 2009. The mine produced 7 518 t of copper during the quarter, compared with...

Metorex says Chevalier retires as director

Pierre Chevalier has retired as nonexecutive director of JSE-listed diversified miner Metorex, effective December 7. He retired by rotation at the company’s annual general meeting.

Metorex may face interdict over Cons Murch retrenchments

South African trade union Solidarity said on Thursday that it planned to apply for an interdict against JSE-listed base metals producer Metorex’s antimony and gold mine Consolidated Murchison, outside Phalaborwa, after the mine started with the...

Metorex says Ruashi output improving, shares up

Output at the Ruashi mine, in the Democratic Republic of Congo, would rise to about 3 000 t/m of copper cathode and 330 t/m of contained cobalt by the 2011 financial year, base-metals-miner Metorex reported on Wednesday. A detailed two-year...