Off The Wires

AngloGold Ashanti raises $1.25bn in bond

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AngloGold Ashanti said its corporate bond had been three times oversubscribed, enough for it to raise $1.25bn.

Australia downgrades iron ore price to $60/t

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Australia's Department of Industry and Science downgraded its iron ore price outlook to an average of $60/t this year.

DiamondCorp signs 4-year deal with AMCU

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DiamondCorp removed a key risk to its business signing a four-year wage deal with the Association of Mineworkers & Construction Union.

RBPlat halts Styldrift work after accident

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Work at a shaft in Royal Bafokeng Platinum's Styldrift project has been suspended following an accident in which seven employees were injured.

Wellesley-Wood to chair Mwana Africa

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Former DRDGold CEO, Mark Wellesley-Wood, returns to the African mining scene as non-executive chairman of Mwana Africa.

No SARB plans for platinum as reserve asset

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There were no talks among central bankers in the South African Reserve Bank about upgrading platinum to a recognised reserve asset.

Gold Fields narrowly beats gold output target

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Gold Fields said gold production, all-in sustaining costs and all-in costs would be higher than originally guided for its 2014 financial year.

Rio Tinto to retain diamond business

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Anglo-Australian mining group, Rio Tinto, said it would retain its diamond business after failing to find a buyer.

SA could raise R85bn from asset sale

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South Africa's government could sell state assets worth R85bn to finance Eskom although the process would never be called 'privatisation'.

Glencore to sell silver for $900m payment

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Glencore made further progress on its debt reduction strategy after selling a share in its future silver output from its Antamina mine in Peru.