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Zimplats wrangle descends into farce

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Zimbabwe's empowerment minister strikes an isolated figure as the ability to impose indigenisation is questioned by the country's own ministers.

Union starts arbitration with Eskom

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Solidarity says it will on Wednesday hold a first dispute meeting at the Commission for Conciliation, Mediation and Arbitration in a bid to settle the drawn-out wage dispute with Eskom.

SA gold reserves increase 13% to $7.3bn

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The 13% increase in the spot price of gold contributed to a surge in South African foreign reserves in August, the Reserve Bank said in a statement.

Glencore ups stake in Optimum further

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Glencore further edges up its stake in Optimum Coal Holdings snapping up another percent in the coal producer, South Africa's sixth largest.

Gold heads for $2,000 on India festival buying

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Worries about Euro debt and the imminence of more physical buying by Indians despite record spot prices will drive gold ever higher, analysts say.

Namibia approves Gold One deal

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A deal to secure a major Chinese shareholder was a step closer for Gold One today after Namibia gave the thumbs up to proposed transaction.

SA half-year gold output stable

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South African gold production for the first six months of this year was only 1% down on output for the corresponding period last year, the Chamber of Mines said.

Mugabe stands firm on indigenisation

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Platinum and diamond miners hoping for wriggle room in indigenisation talks with Zimbabwe were reminded by the country's president there would be no change in the policy.

Eskom, Transnet to keep public service role

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Transnet and Eskom would not be restructured, nor placed in private hands, said public enterprises minister, Malusi Gigaba.

Sallies gets approval for $2.8m loan

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Shareholders in Sallies approved $2.8m loan to help bolster the recommissioning of its Witkop mine.