Off The Wires

Resgen sells 15% of firm to Blumont

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Resource Generation said Singapore-based investment company had subscribed for 15% of the company's share capital worth between $20m to $25m.

Palladium hits high as tensions mount

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Palladium has increased 13% this year as the threat of Russian sanctions and continued strikes in South Africa's platinum group metal market hit home.

Wescoal buys rights, extends Khanyisa life

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Wescoal Holdings said it spent R4m buying the prospecting rights to a property adjacent to its Khanyisa colliery extending the life of mine.

Gold ETNs falls below 2,000 tonnes

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Holdings in gold-backed exchange traded products fell below 2,000 tonnes for the first time since May, 2010 - a loss of value totalling $61bn.

Water, mine licence process applauded

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A process by which environmental aspects of mining and prospecting have been shifted from the MPRDA to NEMA have been applauded in parliament today.

Ivanhoe condemns Platfeef demonstration

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Ivanhoe Mining said 100 protesters at its Platreef project included 'known trouble-makers' and that local communities supported the enterprise.

Atlas Copco to shed more jobs

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Atlas Copco, the engineering group, said it would retrench more employees as the mining slump hit demand for its drill rigs and loaders.

Congo exceeds Zambia in copper output

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CRU Group said copper production from the Congo exceeded Zambia for the first time in 2013 and that both countries would significantly increase production in 10 years.

Davis Committee recommends no windfall taxes

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South Africa should not consider additional taxes for the country's mining sector, but a revamp of its gold tax mining regime was advisable.

Lower mining tax take hits Zim collections

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A slump in mining royalties contributed to a six percent decline in Zimbabwe's tax take in the first half of its fiscal year.