Off The Wires

CRG says dam delayed by three weeks

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Central Rand Gold said a three-week strike in the construction sector had delayed construction of a dam aimed at stemming the effects of acid mine drainage.

Wescoal to up headline earnings a third

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Headline share earnings for the year ended March 31 would be between 14c and 16c/share, the coal producer said.

Numsa accepting disaffected miners

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Numsa, South Africa's largest labour organisation, says it's accepting miners who are disaffected by the platinum sector strike which is more than 10 weeks old.

Bellzone in $865m Kalia funding talks

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Bellzone Mining said it was in talks with potential lenders for $865m to fund its Kalia iron ore project in Guinea.

Green shoots emerge in beaten up gold sector

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Sentiment in the gold sector was improving - although not pervasively so - driven by merger and acquisition activity and a view there was value in gold stocks.

NUM calls on minister to reject Northam deal

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The National Union of Mineworkers said Northam Platinum's R6.6bn BEE deal was not broad-based and there had not been proper consultation with the union.

Mboweni warns against thieves in nuclear plan

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Tito Mboweni, the former Reserve Bank governor, warned against thieves that are attracted to large projects.

Sasol ups earnings 25% despite write-down

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South African petrochemical group Sasol lifted earnings a quarter despite booking a hefty R5.6bn write-down on its wax and polymer operations.

Transnet confident on export coal volumes

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Transnet said it expected to move about 75 million tonnes of export coal in its 2016 financial year despite a pricing bloodbath in the coal market.

MPRDA bill unlikely to be passed soon

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The Minerals & Petroleum Resources Development Amendment bill was unlikely to be passed this year as parliament rises on November 8.