Reuters declared that diversified mining group Metorex Limited copper output at its Ruashi mine in the Democratic Republic of Congo exceeded June quarterly expectation of 4,500 tonnes at 5,245 tonnes. For full story, click here
South African miner Metorex surged its copper and cobalt output during the quarter to end-March, but will continue to dispose of assets to fare in the global economic slump. For full story, click here
South African copper producer Metorex is suing Central African Mining and Exploration Company for $127 million after the latter failed to make an obligatory offer to the company when it purchased shares in Copper Resources Corp. For full story, click here
The Democratic Republic of Congo will see some new copper and cobalt projects based on South Africa’s Metorex Ltd.’s intention to invest $400 million in the area. Metorex wants to raise its copper output to up to 140,000 tonnes per year and cobalt output up to 8,000 tonnes a year by the 2012 financial [...]
Metorex Ltd. will invest $400 million over the next five years to increase its copper output by five times. For more information, click here For company’s website, click here
Get our independent commentary on copper trends and companies delivered to your inbox.
