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Strike starts at Northam, stalls at Exxaro

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A strike has started at Northam Platinum, but new wage negotiations at diversified miner Exxaro are continuing.

Namdeb Diamond Corp returns to profitabililty

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Namdeb Diamond Corporation (Namdeb) on Friday reported a return to profitability in the first half, with a profit before tax of N$719m for the six months ended June 2010 after a loss of N$685m in H1 2009.

Liuri Gold to fight for Zambia licence

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ASX-listed explorer Liuri Gold is taking legal action against the Zambian government after its mining licence for the Luiri Hill gold project was cancelled.

Gulf of Mexico oil spill continues to batter BP

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The Gulf of Mexico oil spill involving British petroleum giant BP continues to dig into the company's pockets having cost about $8bn since April.

New iron ore mine to debut on JSE

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The Australian entrepreneur Ed Nealon, who set up the Kroondal platinum mine, plans a new iron ore mine in Limpopo which will be listed in SA.

Keaton stakes claim with Mpuma project

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Keaton Energy is confident its first large coal mining project, Vanggatfontein in Mpumalanga, will be a major supplier of A-grade coal in the local market.

Xstrata in ‘deal of the century’

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Xstrata has signed a deal with Peru giving it rights to start building its $4.2bn Las Bambas copper mine.

Oil slumps 9pct in August

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US crude oil prices have posted the first monthly decline since May as concerns about faltering economic growth, weak demand and bulging oil inventories pressured crude and gas.

Strike looms at Northam

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More than 8 000 workers at Northam Platinum will go on strike over a pay rise dispute.

Gold One under pressure

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Gold One’s share price is being held back by production problems as well as the finalisation of a $65m debt facility, says CEO Neal Froneman.