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CoAL wants lower rail tariffs

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Transnet is doing a good job on increasing coal railages to Maputo, but tariffs have to drop to make further expansions viable, according to CoAL CEO John Wallington.

Petra Diamonds profit dips, sees volatile prices

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Petra Diamonds says core profit has fallen 5.4% in the year to end-June as higher rough diamond prices outweighs a decline in production and rising costs.

State-owned Alexkor posts operating profit

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State-owned diamond miner Alexkor has posted its first gross operating profit in five years, says Deputy Public Enterprises Minister Ben Martins.

Optimum Coal reviews share trades

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Directors at Optimum Coal are reviewing an expression of interest from Glencore and share sales made to the suitor, despite the absence of a formal bid, say investors.

Petra upbeat on diamond fundamentals

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Petra Diamonds says the diamond market may face some choppy waters for the foreseeable future, but that industry fundamentals will continue to support record prices.

IFM loss widens on strong rand

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International Ferro Metals has reported a wider full-year loss, hurt by lower ferrochrome sales volumes and a strengthening rand.

AngloGold aims 5km down to unlock ounces

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AngloGold Ashanti aims to use new technology to go 5km below the surface, saying it is on the edge of a major shift in the way people think about underground mining.

First Quantum says court upholds DRC claim

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First Quantum Minerals says a court has upheld its claim against the cancellation of its Kolwezi tailings project in Democratic Republic of Congo.

Kasukuwere ‘sailing close to the wind’

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

Cutifani sees gold at $2,200/oz in 2012

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The CEO of AngloGold Ashanti says he expects gold prices to hit $2,200 an ounce by next year and hints the firm may boost its dividend.