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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.

Antofagasta to form JV with AngloGold in Colombia

14th July 2006 Antofagasta Plc, the London-based owner of three copper mines in Chile, agreed to form a joint venture with AngloGold Ashanti Ltd. to explore for metals in Colombia. 

Abramovich buys into SA steel company

14th July 2006 Evraz Group SA, the Russian steelmaker partly owned by billionaire Roman Abramovich, agreed to buy Anglo American Plc's 79% stake in Highveld Steel & Vanadium Ltd. for R4,89-billion. 

Copper rises on concern output at world's largest mine may drop

14th July 2006 Copper rose in London, heading for a third straight weekly gain, amid concern that a pay dispute at the world's largest mine may lead to reduced production. 

Eskom may burn 114m t of coal this year

13th July 2006 Eskom Holdings Ltd., which says it's the world's biggest coal buyer, may burn as much as 114-million tons of coal in the 12 months ending March 2007. 

Morupule to boost coal output to feed Botswana power expansion

13th July 2006 Morupule Colliery Ltd., the Botswana coal producer part-owned by De Beers, may more than triple production to provide fuel for a possible 11-fold expansion by the country's state-owned power utility. 

SA metals, minerals production fell 6,5% in May

13th July 2006 South Africa, the world's biggest producer of precious metals and ferroalloys, said metals and minerals output fell for a sixth consecutive month in May from a year earlier. 

Rio Tinto reviews exploration strategy in the Congo and Angola

13th July 2006 Rio Tinto Plc, the world's second-largest mining company by market value, is reviewing its exploration strategy in the Democratic Republic of Congo and Angola as it seeks to expand in Africa. 

Zimbabwe signs deals with China's Wambao, Norinco

12th July 2006 State-owned Zimbabwe Mining Development Corp. Ltd. has signed joint venture agreements with two Chinese companies to revive some of its mines, the Herald reported, citing CEO Dominic Mubayiwa. 

CIC may double estimate of Botswana coal deposit

12th July 2006 CIC Energy Corp. said it may within months double the estimate of coal contained in its Mmamabula deposit in Botswana, which it will use to feed a $5-billion power station it plans to build near South Africa's border. 

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