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Vale’s the only offer, says Metorex

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Metorex says it has still received no firm offer from any party other than Brazil's Vale, which has made a $1.1bn offer for it.

Cosatu, ANCYL ‘on same page’ over nationalisation

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The ANC Youth League's position on nationalisation and land reform is in line with that of Cosatu and its affiliate Numsa, says the union's general secretary Irvin Jim.

Metal workers union calls for strike

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The National Union of Metalworkers of South Africa has announced a country-wide strike that could see more than 300,000 workers down tools.

Tough times at the face

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New entrants to South Africa's coal sector had a bucket of cold water thrown over them at the recent Coaltrans South Africa conference.

Zambian coal power plant construction to start

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Singapore's Nava Bharat Pte plans to start construction of a 300MW coal-fired power plant in Zambia by the end of 2011 and complete it by 2014, says company director Ashwin Devineni.

Platmin expects prolonged disruption

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Operations at the Pilanesburg platinum mine belonging to Platmin will be disrupted for some time, following an illegal disruption by employees of the mining contractor.

Union, gold firms resume wage talks

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The National Union of Mineworkers hopes to secure a 14% pay increase when it meets gold mining industry representatives in further salary talks, says a senior official.

Carroll hits out over taxes, nationalisation

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Governments in mineral-rich countries must steer clear of the "blind alleys" of nationalisation and excessive tax if they want to attract continued investment from global miners, says Anglo American CEO Cynthia Carroll.

Mantra eyes uranium mine inside Unesco site

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Mantra Resources plans to build a $400m uranium mine inside a world heritage game reserve in Tanzania within the next three years, says a cabinet minister.

SA gold output falls

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Gold output during the first quarter of this year has fallen 9.3% compared to the fourth quarter of 2010, says the Chamber of Mines.