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Kenmare completes rehabilitation with resumption of dividends, capex drive

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KENMARE Mining completed its rehabilitation today after avoiding bankruptcy in 2016 announcing plans to resume the dividend - starting with an interim payout in...

Exxaro’s De Klerk to take up ArcelorMittal SA post

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WIM de Klerk, described last week by former Exxaro CEO, Sipho Nkosi, as one of South Africa's best financial directors, has been appointed CEO...

Mozambique titanium miner Kenmare considering $30m share buy-back

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KENMARE Resources, which produces titanium minerals at the Moma mine in Mozambique, said it was considering a $30m share buy-back programme. It made the announcement...

Anglo places freeze on new job hires

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ANGLO American has suspended hiring globally as it gets plans under way to simplify itself, according to a report by Reuters. Published in BusinessLive, the...

Davis leads line as private equity mulls mining

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Mick Davis' new business - X2 - is one of several private equity ventures hoping to buy unloved assets in the much-battered mining sector.

Xstrata’s Davis may start mining fund

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Mick Davis may join forces with his CFO at Xstrata in establishing a mining fund buying assets deemed non-core to the diversified mining houses, it was reported.

Gemfields’ bold re-invention put on hold as subsistence replaces indulgence

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IT’S not often retail investors speak out at the presentations of companies in which they’re shareholders. But that’s what happened earlier this month to...

Rio Tinto dividend surprise masks aluminium hit

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Rio Tinto has reported a 6% drop in underlying second-half profits and took a $9.3bn charge mainly against its aluminium business, but appeased investors with a huge dividend hike.

Xstrata posts flat copper, coal production

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Xstrata has posted a 6% increase in copper output during the second quarter, as volumes in Chile and from its Australian operations helped offset lower grades.

Sibanye-Stillwater to retire $400m in debt following streaming deal

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SIBANYE-Stillwater wasted little time putting the $500m received in July from its streaming deal to good use with the company today announcing it would...