R/€ = 14.55 Change: 0.02
R/$ = 12.50 Change: 0.01
Au 1301.61 $/oz Change: -2.13
Pt 901.50 $/oz Change: -9.36


ArcelorMittal SA seeks quick end to price row

11th May 2010 The South African unit of ArcelorMittal, the world's largest steel maker, on Tuesday said it was cooperating with Kumba Iron Ore to expedite a prolonged dispute over iron ore supply amicably. ArcelorMittal South Africa also said steel prices were set to rise on recovery of global demand,... 

Australia Minister says govt may budge on mine tax

11th May 2010 Australia is willing to negotiate on the details of its "super profits" tax on mining firms, a government minister said on Tuesday, after complaints from miners that the tax could stop billions of dollars in investments. Australian Prime Minister Kevin Rudd has so far resisted making... 

Algeria says talks started with Orascom executives

10th May 2010 Algerian officials are in contact with the local unit of Egyptian operator Orascom Telecom and the next step is to talk to the firm's top executives, Algeria's telecommunications minister said. "We have direct contacts with Orascom Telecom Algeria (OTA)," Hamid Bessalah told reporters on Monday... 

Uranium One posts loss on higher costs

10th May 2010 Uranium One reported a first-quarter net loss on Monday, citing falling revenues and higher operating expenses. The Canadian company, whose main operations are in Kazakhstan, posted a loss of $21,5-million, or 4c a share, compared with a year-earlier profit of $61,1-million, or 13c a share. 

Lonmin swings to H1 profit, sticks to sales target

10th May 2010 Lonmin, the world's third biggest platinum producer, swung to a first half profit on Monday after metal prices rebounded and stuck to its annual sales target despite a furnace accident. Normalised earnings per share for the six months to the end of March were 22,8c after a restated loss of 47,9c... 

Harmony posts Q3 headline loss on lower gold output

10th May 2010 The world's fifth-largest listed gold miner, Harmony Gold, missed market consensus and swung into a headline loss a share in the March quarter owing to lower output and higher production costs. Harmony, ranked number three in Africa with most of its mines in South Africa, said on Monday... 

Subcontractors block access to top Chile copper mine

7th May 2010 Hundreds of subcontract workers blocked access to Chile's massive Collahuasi copper deposit on Friday, but the mine said operations were normal despite union claims it halted output. A Collahuasi spokeswoman said output was normal at the mine, which produced 535 000 t of copper last year.  

Massey's shareholders urged to dump directors

6th May 2010 Shareholders of Massey Energy Co, owner of the West Virginia mine where 29 miners died in a blast, should dump three board members over the company's "disturbing" safety track record, a leading proxy advisory service recommends. The note to shareholders by RiskMetrics/ISS came a day after Massey... 

Eskom plans R500m bond auction

6th May 2010 South African power utility Eskom said on Thursday it would auction up to R500-million of its ES23 bond, due in 2023, on May 12. The utility, raising money to pay for a massive capacity upgrade, said in a statement the minimum bids allowed would be one million rand and the bidding methodology... 

Zimbabwe rejects ArcelorMittal SA bid for steel firm

6th May 2010 Zimbabwe has rejected bids for the take-over of state steel maker Zisco from ArcelorMittal's South Africa and India's Jindal Steel and Power in a move that could slow a drive to attract foreign investment. The government had shortlisted the two firms, but Industry and Commerce Minister Welshman... 


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