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Pressure to stay on platinum, says Johnson Matthey

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The platinum market will stay in surplus during 2011 and 2012, despite modest supply growth from South Africa, according to the latest research from Johnson Matthey.

Hard going for Anooraq and Eastplats

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The share prices of Anooraq Resources and Eastern Platinum are almost equally depressed, although Eastplats is in far better financial and operational shape than Anooraq.

Gillard pushes to end India uranium sales ban

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Australian Prime Minister Julia Gillard is pushing to overturn a ban on sales of uranium to India, potentially opening up a new and growing market for suppliers.

Gold bull Paulson sells third of bullion holdings

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Hedge fund manager and long-time gold bull John Paulson slashed his bullion holdings by a third in the past quarter, a move which has dampened sentiment in the gold market.

TFR ups ante on mine to port deliveries

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Transnet Freight Rail upped the ante in improving its mine to port minerals delivery rate telling miners trains would leave sidings even if wagons were not fully filled.

First Uranium able to turn the tide, says CEO

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First Uranium CEO Deon van der Mescht says delivery on three key issues will result in a turnaround of the company’s collapsing share price.

Codelco fights back against Anglo American

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Codelco says it has filed a lawsuit against Anglo American in a bid to prevent the global miner from selling further stakes in the global miner's Chilean copper properties.

Northam raises R1bn loan for Booysendal

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Northam Platinum has made sure it can fund the construction of its new Booysendal mine to completion by negotiating a R1bn credit facility with Nedbank.

Lonmin hits sales target, boosts earnings

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Lonmin says earnings have risen 59%, despite a strike at its Karee operations that forced it to cut output targets and drove up unit costs.

Lonmin thinking twice about growth plans

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Lonmin says its growth investment strategy is not set in stone, saying it will rethink its target of a 950,000oz production profile if market conditions deteriorate.