Off The Wires

Up to 70% of Bayside jobs may be lost

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The National Union of Metalworkers of SA said up to 70% of jobs at BHP Billiton's Bayside smelter would be lost.

Two-tier gold industry emerging as gold falls

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Seven of 19 gold producing companies tracked by Bloomberg News was losing money at $1,137/oz and was leading to development of a two-tier sector.

Kibo finalising power purchase agreement

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Kibo Mining said it had finalised the terms of reference for its power purchase and a grid connection agreements with the Tanzanian government.

AngloGold credit rating due for upgrade

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The credit rating of AngloGold Ashanti should be improved after the company had cut costs, lifted production and settled wage agreements.

Thermal coal benchmark in Asia cut for 2015

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Goldman Sachs cut its price forecast for power station coal in Newcastle, Australia, a benchmark in China, to $69/t.

BHP Billiton lifts Q4 iron ore to new record

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BHP Billiton lifted iron ore production to 47.7 million tonnes in the fourth quarter, a new record on the back of expanding production in Australia.

Gold Fields mines 535,000 oz in June Q

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Gold Fields would report gold production of 535,000 ounces in the June quarter, roughly a 30,000 oz improvement quarter-on-quarter.

Kumba to post one fifth earnings decline

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Kumba Iron Ore would post a one fifth decline in earnings for the 2014 financial year owing to a decline in iron ore prices.

Guinea recommends stripping BSGR of licence

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A committee commissioned by Guinea recommended that BSG Resources and Vale be stripped of the right to mine Simandou, a large iron ore resource.