Off The Wires

Sibanye expects 2015 profit to halve

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However, the group is expecting the current financial year to be much better owing to a higher rand gold price and rectification of last year's operating issues.

Tegeta R2.15bn bid for Optimum approved

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South Africa's competition authorities approved the R2.15bn takeover of Optimum by Tegeta Exploration & Resources provided it did not involve retrenchments.

Trans Hex cuts 125 jobs at Baken, Bloeddrif

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Trans Hex said it would retrench 125 employees at its Baken and Bloeddrif mines in the Lower Orange River of the Northern Cape province.

Zim tells diamond miners to cease operations

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Diamond mining companies in Zimbabwe's Marange fields are to stop their operations immediately because their licences have expired.

Low diamond prices push Petra into red

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Petra Diamonds reported an interim loss of $2.2m, reflecting a tough six months of low rough diamond prices.

Sibanye challenging Gold Fields market value

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The market value of Sibanye Gold is nearly equal with Gold Fields, the gold firm from which it was created in 2012.

De Beers rejects NUM claims of racism

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De Beers rejected accusations by the National Union of Mineworkers that restructuring at its Johannesburg, Kimberley and Venetia premises was racist.

Zwane advisor in business with Guptas

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The extent of business links between critical departments in South African president Jacob Zuma's administration and the Gupta family deepened.

South32 may buy Anglo stake in Samancor

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South32 was open to buying Anglo American's stake in Samancor, the South African-based manganese producer in which it is the joint venture partner.

Zambia approves price linked copper royalties

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Zambia has approved a new royalty system that changes with the copper price in an effort to keep struggling mines open and limit job losses.