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Exxaro launches Tronox sale putting $345m slug on offer

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EXXARO Resources kicked off the sale of its 42.7% stake in New York-listed Tronox, a mineral sands miner, which will consist of a first...

SA mining surges into R17bn profit, but dividends fall a quarter

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THE South African mining industry staged a modest recovery during 2017 with the 25 companies covered in the annual survey carried out by accounting...

Will Glencore’s electric dream become a metals market reality?

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IT couldn’t be confidently claimed that Ivan Glasenberg, Glencore CEO, is given over to hyperbole. In fact, his group’s grassroots exposure to the markets through...

Royalty funding set to become a low risk finance route

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ROYALTY agreements, and their legal cousins, streaming agreements, are set to become an increasingly popular mine funding mechanism, especially in times of legislative uncertainty...

Cynthia Carroll conspicuous absentee at Anglo centenary bash

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FORMER Anglo American CEO, Cynthia Carroll, was a conspicuous absentee of the UK group's centenary celebration held at Vergelegen, the historic wine farm that...

Agarwal to lift stake in Anglo after targeting £1.5bn share swoop

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ANIL Agarwal, the chairman of Indian firm, Vedanta, is to lift his personal stake in Anglo American by buying between £1.25bn to £1.5bn worth...

Labour tensions rise as SA mining takes job cuts through 23,000

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THERE'S been a rise in tensions among South Africa's mining unions, and its labour in general, this month following volatility at the Kimberley mines...

Why the Chamber’s deal with Zwane is a strategic masterstroke

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THERE'S more than meets the eye to the Chamber of Mines' decision not to interdict the redrafted Mining Charter. This is according to market...

Zwane agrees to withhold Charter as Chamber drops interdict

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SOUTH Africa's Chamber of Mines will not proceed with an interdict of the redrafted Mining Charter after the mines minister, Mosebenzi Zwane, agreed in...

Master Drilling targets open cast drilling in S. America deal

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MASTER Drilling expected to conclude an acquisition before the end of its current financial year that will open up the open-cast mine drilling market...