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Peru to present mining royalty bill in 2 weeks

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Peru's new leftist government plans to send a closely watched proposal to increase mining royalties to Congress in the next two weeks, says the country's finance minister.

Metorex sees delisting before year-end

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Metorex is expecting November 25 to be its last day of trade on the JSE before it is taken over by Chinese metals group Jinchuan.

Namakwa shares plunge on review

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Namakwa Diamonds has plunged by 61.3% to 10.5p per share in London on after delivering a radical strategic review, reports the Financial Times.

CoAL shares jump on Vele deal

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Coal of Africa has taken another step to secure its tenure over the Vele project by agreeing to measures aimed at offsetting its activities in the environmentally sensitive area.

Zimbabwe pledges leniency on indigenisation

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Zimbabwe won't "force indigenisation down investors' throats", says the country's Minister for Economic Planning and Investment Promotion.

Glencore, Ramaphosa unveil Optimum bid

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A consortium consisting of Glencore and businessman Cyril Ramaphosa has unveiled terms of a R34/share bid for Optimum Coal, but a counter offer has already been made.

India coal demand to power Botswana

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Once a dream, the prospect of a Trans-Kalahari railway transporting millions of tonnes of Botswana coal could now become reality as Indian demand forces the country to help finance the rail link.

Rio: surge in iron ore demand to continue

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The world needs at least 100 million tonnes of additional iron ore supply each year for the next eight years, says Rio Tinto.

Mining changes nations’ destinies, says Rio

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Major mining developments have the potential to "fundamentally change the lives of people and, at a broad level, the prosperity of nations, if done properly", says Rio Tinto.

Get a grip on reality – Motsepe

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SA’s business community is impotent at affecting policy decisions - such as nationalisation - and needs to work at it, says ARM chairperson Patrice Motsepe.