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Eskom’s R35bn Kusile plan intact

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Despite reports to the contrary, Eskom was still proceeding with plans to build another power station, the proposed R45bn Kusile venture.

Gold demand surges, ETFs rate high

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Gold backed exchange traded funds helped power gold demand to a more than one third increase in the second quarter, the World Gold Council reported.

Trans Hex’s carat production below target

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Diamond mining company Trans Hex says its South African carat production has been below target for the year to date, primarily as a result of grade under-performance at Baken Mine.

Zim seeks new bids for fallen steel gaint Zisco

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Zimbabwe is inviting fresh bids for the takeover of state steel-maker Zisco, after rejecting earlier offers from ArcelorMittal, Jindal Steel and Power of India.

BHP earnings set to jump 50pct

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BHP Billiton looks to strengthen its hand this week in its $39bn bid for Canadian fertiliser group Potash Corp as second half earnings are expected to rise 50%.

Simmers Q1 production falls 27pct

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Shares in Simmers & Jack Mines fell more than 3 percent as the South African gold miner posted a 27 percent decline in first-quarter gold production.

Exxaro Hillendale mine grinds to halt

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Amid demands for a 14% wage increase, Exxaro Resources has been forced to stop operations its Hillendale mineral sands facility. Contingency plans are in place, however.

Wesizwe Pt secures R91m funding

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Wesizwe Platinum said it had finalised funding of R91m for ongoing construction of its R6.6bn Frischgewaagd-Ledig Project.

Concourt to rule on mine indemnity law

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South Africa's Constitutional Court will soon reach a decision on the special indemnity enjoyed by South African mines regarding the incurable lung diseases.

AngloGold inks deal for 51pct of gold project

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Horizonte Minerals, the AIM-listed exploration and development company focused on mineral projects in Brazil, has announced that it signed a R32.7m earn-in agreement with AngloGold Ashanti.