Off The Wires

Newcrest shakes up executive team

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Newcrest Mining has replaced its CEO and chairman after the company wrote down $5.9bn.

NUM declares dispute with SA gold firms

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Attempts to reach a wage deal in South Africa's gold sector failed today after unions rejected a repackaging of the final offer submitted on July 30.

Iron ore prices weaken to 2012 levels

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The price of iron ore fell for the fourth successive week to nearly $100/t amid a supply glut that would continue into 2015, analysts said.

ANC ditches ISMO, leaves Eskom intact

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The African National Congress has abandoned the Independent System Market Operator Bill that would have profoundly restructured SA's electricity market.

Labour Appeal Court rejects AMCU gold strike bid

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SOUTH Africa's Labour Appeal Court has dismissed an application by the Association of Mineworkers and Construction Union (AMCU) to appeal an interdict preventing a...

Metorex raises Q3 copper output

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Diversified mining group Metorex reported a 13% increase in September quarter copper production.

Olympic Dam disruption to help copper surplus

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The forecast surplus in copper supply this year may not be as bad as feared following production disruptions at BHP Billiton's Olympic Dam.

Agarwal a passive investor in Anglo, doesn’t want board seat

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ANIL Agarwal, chairman of Vedanta, was not interested in being an activist shareholder in Anglo American, nor in becoming its chairman by replacing the...

Trafigura to shut flagship hedge fund

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Commodities trader, Trafigura, is to close its flagshp Galena Metals Fund owing to the continued slump in metal prices.