Metorex shareholders approve Vergenoeg sale

Shareholders of JSE-listed Metorex have “overwhelmingly” approved the company's plan to sell its 55% stake in in South African fluorspar producer Vergenoeg Mining, the company reported on Monday. Metorex announced in September it would sell...

Metorex recommends shareholders approve Vergenoeg deal

Shareholders of JSE-listed Metorex would meet on December 21 to vote on the sale of a 55% stake in fluorspar producer Vergenoeg Mining to Spanish company Minerales Y Productos Derivados (Minersa), for $60-million. The proceeds from the proposed...

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...

Daily podcast – September 25, 2009

Metorex sell its entire 55% holding in Vergenoeg Mining to Spanish partner Minersa; and Solidarity declares a dispute with diversified miner Exxaro Resources.

Daily podcast – July 30, 2009

In today's podcast: the head of the China Iron and Steel Association waves off suggestions that an iron ore price deal with foreign miners is imminent; and Metorex agrees to sell 15% of its shareholding in Vergenoeg Mining to a consortium of black...

Metorex sells stake in Vergenoeg to consortium of black investors

South Africa-based diversified miner Metorex has agreed to sell 15% of its shareholding in Vergenoeg Mining to a consortium of black economic empowered (BEE) entities. The company would sell the stake in the fluorspar producer to Medu Capital for...