Off The Wires

Gold ETF redemptions at an end:WGC

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The World Gold Council said redemptions of exchange traded funds would not be repeated on the scale seen in 2013.

Adviser asks investors to oppose Rio pay

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An adviser to shareholders of Rio Tinto has asked that the group's executive pay policy should be opposed at its annual general meeting this month.

Anglo to stay in SA if profitable

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Anglo American would stay invested in South Africa provided it was profitable to do so, said CEO, Mark Cutifani.

Ambatovy workers consider strike action

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Workers at Sherritt International's Ambatovy nickel project are considering strike action amid fears of job cuts.

Merafe posts 71% ferrochrome output increase

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Merafe Resources posted a 71% increase in September quarter ferrochrome output partly owing to major production improvements.

BHP hybrid suggests eyeing M&A targets

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The high coupon rate of the $6.5bn BHP Billiton is currently raising through a hybrid bond suggests the firm has specific merger and acquisition targets.

Congo set to grow 9.2% in 2015

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The economy of the Democratic Republic of Congo is forecast to grow 9.2% this year, said the International Monetary Fund.

CoAL sees way to raise $23.4m in equity

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CoAL of Africa said a proposal to sell shares for $23.4m to Haohua Energy International had been approved by the Chinese firm's regulators.

Buffalo shareholders approve loan changes

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Shareholders in Buffalo Coal Corporation approved the increase in a convertible loan to $29m from $25m previously.

Randgold may seize on buying opportunities

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The slump in the gold market may present opportunities for Randgold Resources to buy production, said its CEO, Mark Bristow.