September 9, 2012

South African police brace as Lonmin workers set to return on Monday

South African police are braced for possible violence ahead of Monday's back-to-work deadline for striking workers at Lonmin's flagship platinum mine, where 44 people died in labour strife last month,…

September 8, 2012

Copper will benefit from Chinese stimulus, but iron ore problems run deeper

Julian Zhu, analyst at investment bank Goldman Sachs, said that increased government infrastructure spending in the final quarter of the year will […]

September 8, 2012

Strike costs Lonmin $95 million so far

Analysts estimate that the wage increase, if enacted, would wipe out the company's already thin margins.

September 8, 2012

Xstrata scoffs at new Glencore offer as merger of equals becomes hostile takeover

The new Glencore offer is "significantly lower than would be expected in a takeover" and the intention to replace Mick Davis represented “a significant risk” says Xstrata's board.

September 7, 2012

We build it! China sparks copper surge

Copper's 13c bounce on Friday comes after the Chinese government approved a raft of new building and rail projects this week.

September 7, 2012

Glasenberg grabs top job from Davis in new Glenstrata deal

Even before building up Xstrata through a series of billion dollar transactions, Big Mick was a formidable dealmaker who with fellow South African Brian Gilbertson created Billiton before selling it…

September 7, 2012

Vote on Glencore-Xstrata merger delayed due to ‘developments overnight’

Glencore International (LSE:GLEN) has postponed its Friday shareholder meeting where voting would have taken place on its proposed $34 billion takeover of Xstrata (LSE:XTA).

September 7, 2012

China approved 1 trillion yuan in stimulus spending in under a week

The Chinese government has approved a raft of new infrastructure and rail projects this week in a concerted effort to boost its slowing economy.

September 7, 2012

Rio Tinto creates virtual mine to teach block caving

Rio Tinto (ASX:RIO) has teamed up with Sydney's University of New South Wales to create the world's first virtual mine for the purpose of teaching block caving

September 7, 2012

Rio cuts jobs at aluminum operations in Australasia

Diversified mining giant Rio Tinto has announced major job cuts at aluminum operations in both Australia and New Zealand.