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First Uranium posts wider-than-expected loss

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Gold and uranium producer First Uranium Corp posted a wider-than-expected quarterly loss, hurt by foreign exchange translation and certain expenses.

Gold One bondholders stay put

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Mining junior Gold One International says none of its bondholders has exercised a once-off put option to redeem bonds for cash.

Platmin’s forecast fiddling to stop, says CEO

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Ongoing downward adjustments of production forecasts at junior miner Platmin have come to an end, says CEO Tom Dale.

Mandela’s fugitive son-in-law in coal deal

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Nelson Mandela's fugitive son-in-law has landed a R500m coal mining deal with the ANC's investment front, Chancellor House, reports Sunday Times.

Anglo sells Scaw assets

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Anglo American says it is to sell Scaw Metals properties to Australian steel product manufacturer OneSteel for $932m.

John Block mined with forged licence

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Controversial ANC Northern Cape chairperson John Block is a director of a company that for years has mined salt in the Kalahari with a fraudulent mining licence, court records show.

Zambia reports sharp rise in copper output

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Copper production in Zambia has risen significantly due to favourable mining conditions, says the country's central bank.

Gold falls most since July

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GOLD has suffered its biggest fall in four months, tumbling 3% as Chinese rate-hike talk and eurozone debt worries triggered widespread unwinding of risk in commodities.

BHP to face buyback pressure as Potash bid fades

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BHP Billiton's boss is likely to face calls for a massive share buyback when he confronts shareholders in Australia after his third straight failure to pull off a major acquisition.

Euro debt worries weigh on gold

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Gold has suffered a broad retreat, triggered by a stronger dollar, talk about euro zone sovereign debt and speculation China may hike interest rates.