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Petmin increases pig iron project investment

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PETMIN has announced details of a $25m investment in its Canadian iron sands and pig iron joint venture project.

Pallinghurst minds the gap as it targets LSE

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The gap between Pallinghurst's share price and its net asset value has widened to around 50%, prompting chairman Brian Gilbertson to look at a listing in London to stimulate demand for the stock.

Rio Tinto ‘well-placed to weather market storms’

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Rio Tinto says it is well-placed to weather turbulence in financial markets and continues to expect long-term demand growth.

Kasukuwere ‘sailing close to the wind’

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Is Saviour Kasukuwere the doppelganger he presents to South Africa's own Julius Malema?

Zimbabwe again softens tone

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Zimbabwe has again hinted it may show flexibility in its stance towards foreign mining companies.

Mining ‘no cure’ for poverty

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The John Taolo Gaetsewe District Municipality in the Northern Cape hosts more than 75% of the world’s manganese reserves. It is also one of nine nodes of poverty in SA.

Peru asks Congress to raise mining taxes

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Peru's leftist government has presented a bill to Congress that aims to increase mining taxes to fund anti-poverty projects.

Rand may test R7.50 level

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The rand has weakened against the dollar and looks set to hit a new year low above R7.50/dollar.

Sandvik predicts metals Q3 weakness

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Swedish engineering firm Sandvik said metals prices would be weaker in the third quarter but generally the markets were in decent shape.

Zim mines minister calls for calm

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Obert Mpofu, supported by empowerment and youth minister, Saviour Kasukuwere, say mining licences will not be cancelled in Zimbabwe as negotiations on indigenisation continue.