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Bloomberg

Bloomberg delivers business and markets news, data, analysis, and video to the world, featuring stories from Businessweek and Bloomberg News.

SA's diamond production falls 3,2% in April

24th July 2006 South Africa produced a total of 1,39-million carats in April, according to figures released by the Department of Minerals and Energy. This represents a 3,2% decrease from April 2005. 

Barrick offers $1,29bn to buy NovaGold Resources

24th July 2006 Barrick Gold Corp., the world's biggest gold producer, made an offer to acquire NovaGold Resources Inc. for about $1,29-billion in cash to expand in Alaska and British Columbia. 

Norilsk raises platinum, palladium output forecast

21st July 2006 OAO GMKN Norilsk Nickel, the biggest Russian miner, said platinum and palladium output this year will be as much as 4,4% more than previously forecast, adding to sales already buoyed by record prices. 

Japan's copper smelters, BHP dispute profit-sharing

21st July 2006 Japan's smelters are refusing to accept a bid by BHP Billiton to cut the profits they earn from processing copper as the two sides renegotiate annual contracts, the country's industry association head said. 

DRDGold to seeks to expand below-Joburg concession

20th July 2006 DRDGold Ltd., Africa's fourth-biggest gold producer, is seeking a fivefold increase in an exploration concession as it searches for metal two miles below Johannesburg, a city founded to exploit the world's largest gold field. The company wants to boost its Argonaut concession to 4 800 hectares,... 

Zinc shortfall was 120 000 t in first 5 months

20th July 2006 Zinc supply fell short of demand for the first five months of the year, because of higher consumption of the metal used to galvanize steel, the International Lead and Zinc Study Group said. 

De Beers objects to term 'cultured diamonds'

19th July 2006 De Beers yesterday sharply criticized the use of the term “cultured diamonds” used by synthetic diamonds producers. 

Xstrata raises Falconbridge bid 7,2% to thwart Phelps

19th July 2006 Xstrata Plc increased its hostile takeover bid for Canadian nickel miner Falconbridge Ltd. by 7,2%to C$18,6-billion ($16,3-billion) to thwart Phelps Dodge Corp.'s plans for the mining industry's largest takeover. 

Standard Bank to beef up commodities-trading team

19th July 2006 Standard Bank, Africa's largest lender, plans to expand its global commodities-trading team by more than a quarter in the next 12 months as it bids for a greater share of growing energy, metals and agricultural markets. 

Kermas plans to double chrome-ore exports to China this year

19th July 2006 Kermas Group, the world's second-biggest ferrochrome producer, plans to double exports of metallurgical-grade chrome ore from South Africa to China this year. 

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