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Is it too late for gold fever?

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As gold soars to new record levels of over $1,700/oz after the US has suffered its first-ever debt downgrade at the hands of S&P, is it too late to catch some of the upside?

Uranium One profit soars

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Uranium One has posted a more than five-fold increase in profit, as the company boosted production by 33% and was paid more per pound of uranium sold.

Great Basin Gold shares tumble

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Great Basin Gold shares took yet another knock following release of an operational update which dropped this year's gold production forecast for the new Burnstone mine.

Gold One gets go-ahead for deals

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Gold One International has received approval from SA's competition authorities to go ahead with its two significant transactions.

Oppenheimers explore new ventures

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The Oppenheimer family, which built its fortune on diamonds, sees opportunities in agriculture and African consumers.

Harmony in $9m US lawsuit settlement

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HARMONY Gold has agreed to pay $9m to the lead plaintiff in a US class action filed against it in 2008, after being accused of overstating earnings for 2007.

Kumba workers to get R2.3bn payout

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Some 5,000 Kumba Iron Ore employees are set to get up to R500,000 each in November when a broad-based empoyee share participation scheme matures.

Gold breaks through $1,700/oz

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Bullion has roared to record highs above $1,700 an ounce as an unprecedented downgrade to the US credit rating sent investors scrambling out of riskier assets.

Rio, Mitsubishi bid to mop up Coal & Allied

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Rio Tinto and Mitsubishi Corp have made an offer to buy out Coal & Allied for $1.56bn, looking to take full control of the Australian coal miner.

Key BHP Olympic Dam ally to step down

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An Australian politician who has played a key role in developing BHP Billiton's Olympic Dam mine and is now under pressure to step down has vowed to stay on until October.