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Reginald Demana steps down from Wescoal Holdings, Ramaite takes up interim...

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REGINALD Demana has stepped down as CEO of Wescoal Holdings, the company said in a statement to the Johannesburg Stock Exchange today. Demana, the former...

Guinea mineral economy slumps amid chaos

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Guinea's production of bauxite slumped more than a fifth according to a government report which blamed the decline on "institutional instability".

SA family plots return to mining after raising $360m for African...

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AFRICAN Gold Acquisition Corporation, a special purpose acquisition company targeting gold assets on the continent, raised a more-than-expected $360m ahead of a listing in...

Sibanye-Stillwater takes up bargain R1bn option to lift stake in DRDGold...

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SIBANYE-Stillwater has extended its stake in DRDGold to 50.1% in terms of an option agreement signed in 2017. The precious metals producer bought a 38.5%...

Four miners trapped at Sibanye mine pass away, search continues

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FOUR of 10 employees recovered from the Masakhane mine at Sibanye-Stillwater's West Rand Driefontein operations had passed away, the firm said today. Operating activity at the...

China’s largest cobalt producer agrees to halt buying from individuals in...

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HUAYOU Cobalt, China's biggest cobalt producer, will stop buying from individuals in the Democratic Republic of Congo (DRC) owing to pressure from customers and...

Metorex focuses on cutting debt

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Metorex, which has sold off a number of assets, is continuing to look for ways to cut debt sharply by December. It posted disappointing full-year results.

‘We want to be as big as Anglo,” says Seriti’s Teke

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MIKE Teke, chairman of Masimong Group Holdings, is not wanting for ambition. Masimong Group’s 25% stake in Seriti Resources, the company that earlier this month...

Glencore cuts copper, zinc guidance, African copper tracks new output target

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GLENCORE would produce slightly less copper and zinc this year than previously forecast, said Bloomberg News citing the Swiss group's third quarter production numbers. Glencore...

Orion fleshes out $8m equity raise, but all eyes now on...

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ORION Minerals today fleshed out an $8m equity raise which it will use to help fund project financing for its Prieska zinc-copper project, a...