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NZ Oil and Gas shares fall 30%

Shares in New Zealand Oil and Gas, part owner of Pike River Coal, plummeted 30% as the stock resumed trading four days after a mine explosion left 29 men missing.

Acid drainage proposals out soon

A task team of experts considering proposals to counter an imminent acid mine water crisis in the Witwatersrand will have a report ready by the end of the week.

Anglo to sell Callide coal mine

Anglo American plans to divest its Callide coal mine in Australia to better focus on high-margin export operations, says the group

DRC sacks state miner execs

Democratic Republic of Congo has replaced the leadership of state mining company Gecamines due to management deficiencies and its failure to make the most of rising metals prices, officials say.

Chamber of Mines goes to court over levy hike

The Chamber of Mines is taking legal action to prevent increase levies for the Compensation Fund.

Union outlines its nationalisation model

The National Union of Mineworkers says it may support state intervention in the mining sector that is based on public-private partnerships, similar to those in neighbouring countries.

Acid drainage fiasco ‘unavoidable’

The deadline to prevent rising acid mine drainage from causing an ecological disaster in the Central Witwatersrand has come and gone.

No end in sight to Collahuasi strike

Most striking workers at Collahuasi copper mine are staying on the picket line despite management's prediction that many would abandon the walkout.

Glencore mulls $10bn IPO – report

Trading and mining company Glencore International is considering an IPO that may raise about $10bn next year, reports Bloomberg.

NUM: Black elite behind nationalisation

SA's biggest union, the National Union of Mineworkers, says the BEE elite may be funding the ANC Youth League to push the nationalisation agenda.