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Sata’s Zambian win no cause for panic

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Mining investors may react with some nervousness to the election of Michael Sata as president of Zambia, but his victory will not trigger a significant "run for the door'.

‘King Cobra’ Sata wins Zambia presidential race

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Zambian opposition leader Michael Sata has been declared the winner of Zambia's presidential election, ousting incumbent Rupiah Banda as the leader of Africa's biggest copper producer.

Nationalisation debate not healthy, says Phosa

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The picking of sides in the debate on nationalisation is not healthy for the country, given its history, says ANC treasurer general Mathews Phosa.

Peru raises mining taxes to fund social programs

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Peru's Congress has raised taxes and royalties on the lucrative mining sector, handing a legislative victory to leftist President Ollanta Humala.

Gold price spurs drive to get more from dumps

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The vast majority of South Africa's gold lies deep underground but atop the mine dumps scattered around Johannesburg, you can actually walk on the stuff.

Rand off lows but still vulnerable

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The rand has bounced from a two-year low against the dollar, but is still under pressure a day after recording its biggest daily fall since October 2008.

Copper crashes to lowest since 2010

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Copper has crashed below the psychological $8,000/tonne level, as economic fears escalate on news of a manufacturing contraction in China combined with a grim outlook for the US economy.

Zambia opposition ahead in presidential vote

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Zambia's opposition leader Michael Sata has held on to his lead over incumbent Rupiah Banda, in the race to become the next president of Africa's biggest copper producer.

Tanzania in $3bn Chinese coal, iron ore deal

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China's Sichuan Hongda has signed a $3bn deal with Tanzania to mine coal and iron ore in the resource-rich east African country, says local media.

‘King Cobra’ Sata leads Zambia election count

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Opposition leader Michael Sata has taken a lead in Zambia's presidential election, with 10% of votes counted.