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SA economy needs coal policy: Manuel

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Trevor Manuel, chairman of the National Planning Commission, has urged development of a coal policy to help speed SA's economy, and said the mineral would remain central to the country's growth.

Glencore to buy Mercuria stake

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Glencore, the Swiss trading house, has entered into an agreement to buy Mercuria Energy Asset Management's 5% stake in Optimum Coal Holdings.

NPC urges caution on power carbon tax

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It will make sense to introduce an economy-wide carbon tax - coupled with some conditional exemptions - says the National Planning Commission.

Zambia to double copper royalties

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Zambia is to take royalties on copper to 6% and will also increase precious metal royalties as Michael Sata's new government unveils an expansive budget aimed at growth and development.

State intervention study complete

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A study that took in state intervention in the mining economies of countries Venezuela, Malaysia, China and Zambia has been handed to the ANC's policy committee, a newspaper reported.

Beneficiation ‘no jobs panacea’

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Beneficiation is not the solution to end all problems as far as job creation in the mining industry is concerned, says the National Planning Commission.

ANC cripples Malema nationalisation drive

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Julius Malema, president of the ANC Youth League, has been suspended from the organisation for five years, raising questions about whether nationalisation will dominate its policy-making conference.

Julius Malema on full pay until appeal

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ANC Youth League leader Julius Malema has to "vacate his position", says the party's national disciplinary committee.

Optimum secures R2.2bn in credit

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Optimum Coal Holdings said it had secured a R2.2bn revolving credit facility for "potential acquisitions" with Rand Merchant Bank.

Cabinet approves beneficiation guidelines

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Cabinet has approved implementation plans for the minerals beneficiation strategy, says government spokesman Jimmy Manyi.