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Namibia gives clarity on mine permits

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Namibia's mines minister has confirmed that a policy to grant future mining rights to a state-owned firm will not impact existing mining and exploration licences.

Namibia blasts Glencore over fuel deal

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A contract between Glencore and Namibia’s petroleum parastatal Namcor has masked the Swiss company’s aim to take over the country’s oil industry, reports The Namibian.

AngloGold Ashanti dives into Eritrea

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AngloGold Ashanti reckons Eritrea may turn out to be another Colombia for the group in terms of successful gold exploration.

James Campbell takes over at Rockwell

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African Diamonds ex-MD James Campbell has been appointed the new CEO of Rockwell Diamonds, where he will immediately have to convince investors to plough more money into the company.

Amsa to secure own iron ore mine

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UPDATED - ArcelorMittal SA raised the prospect of restarting its own mining division saying it was in negotiations to develop an iron ore mine.

R4.2bn manganese smelter to boost Coega

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The Coega Industrial Development Zone has received a major boost, with the announcement of a R4.2bn rand investment for the construction of a manganese smelter plant.

Uranium One needs to find A$1bn

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Uranium One has up to two years to raise A$1bn to buy Mantra Resources from its Russian parent ARMZ, and will then invest more than $430m to build a new uranium mine in Tanzania.

Amsa reports sharp profit drop

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ArcelorMittal South Africa has reported a sharp drop in first-quarter profit, but says it expects improvement in the next three months.

Hedge-free AngloGold sees cash coming in

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AngloGold Ashanti is starting to benefit from the closure of its hedge book, while its production figures have stayed intact despite torrential rainfall.

DiamondCorp starts mining at Lace

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DiamondCorp is mining a 30,000t bulk ore sample from its Lace mine in the Free State, after the new decline shaft intersected the kimberlite pipe at a depth of 260m.