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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.

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.

MIC portfolio shows strong growth

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The Mineworkers Investment Company has grown its investment portfolion from R1.2bn to R2.2bn during its past financial year.

Vale boosts Moatize coal output target

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Brazilian mining giant Vale has raised its initial production target for the Moatize mine in Mozambique by 76% and expects to quadruple that result in 2012.

First Quantum to repay $224m to Zambian fiscus

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First Quantum Minerals has agreed to pay Zambia $224m in tax arrears by Friday, says a senior government official.

BEE ‘failure’ triggers nationalisation calls

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Impala Platinum CEO David Brown says miners' inability to meet empowerment targets may be the reason behind the calls for greater state control in the industry.

Wescoal clobbered by write-offs

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Wescoal lost R43.7m in the year to March as it took a string of write-offs and impairment charges in its accounts.

Shanduka finds a new suitor

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Shanduka Resources' dumping of Sentula has coincided with an announcement by ASX-listed Continental Coal over a "landmark" empowerment transaction.

Gold Fields in $60m loan with Stanbic Ghana

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Stanbic Bank Ghana says it has closed a $60m senior revolving loan with Gold Fields' operations in the country.

Village to sell non-core First Uranium stake

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Village Main Reef has confirmed its intention to discard the 26% stake in First Uranium it obtained through the acquisition of Simmer & Jack.