Off The Wires

Guinea cancels bauxite exploration licences

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Guinea has cancelled bauxite-bearing exploration blocks which were to be developed by company in which government members were shareholders.

SA gold producers to build more homes

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South African gold producers intend to build and sell more homes to employees in an effort to ease the social pressures that led to the Marikana massacre in 2012.

Merafe ferrochrome price rolled over in Q2

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Merafe Resources said the second quarter 2015 ferrochrome price had been rolled over at $1,08 per pound.

Zuma implicit in Eskom inquiry

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South African president Jacob Zuma is said to have had a direct hand in calling for an inquiry at Eskom which saw four executive suspended.

Zambia’s Lungu to change royalty law

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Zambia president, Edgar Lungu, has asked his minister to come up with a range of options instead of continuing with a newly passed royalty tax on mines.

Copper rebounds as Chile rains hit output

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Copper rose as much as 0.6% as some of the world's largest producers of the metal closed mines in Chile amid rains that cut off roads and flooded towns.

Eskom suspensions followed tender audit

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The suspension of Eskom executives was preceded by a call for proposals from auditors to examine the utility's tender processes.

Wescoal ‘ructions’ irks shareholders

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Shareholders in Wescoal have called for the nomination of two independent non-executive directors amid board ructions.

Aurora directors took “calculated risk”

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Aurora directors Zondwa Mandela and Khulubuse Zuma took a calculated risk in buying the mines of Pamodzi Gold, said the pair's counsel in court on March 24.

Kenya lines up new mining laws

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Kenya will introduce a new mining law before the end of the year which is being tipped by the country to vastly improve investment in the sector.