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Metorex H1 copper output up by 5pct

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Junior miner Metorex says that during the six months ending in December 2010, its copper production increased 5% to 26 358 tonnes, while its cobalt production increased by to 2 021 tonnes.

IFM shares slump on grim update

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Ferrochrome producer International Ferro Metals says output has suffered and construction of a retreatment plant by AngloPlat is running behind schedule.

Gold rises for third straight day

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Spot gold is on course for a third consecutive day of gains, supported by dollar weakness and physical buying, while platinum has hit a 30-month high.

Village hits paydirt at Lesego

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Village CEO Bernard Swanepoel is excited about the latest borehole results at Lesego Platinum but cautions it's still to early to start drawing conclusions about how they could affect the project.

Rain not affecting deliveries – RBCT

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Richards Bay Coal Terminal says persistent heavy rains have not stopped coal deliveries to the port.

Gold and gold shares to rise this year

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The recent pullback in the gold price has sent some shivers through the market but a number of experienced analysts remain bulllish both on the metal and on gold equities.

Mining production maintains growth

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Production at SA's mines continued to grow with output in November increasing by 9.6% compared to October.

China firm wins bid for Tanzanian iron ore mines

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China's Sichuan Hongda will invest $3bn in a coal-fired power plant and two iron ore mines in Tanzania, the state-run National Development Corporation says.

Rio sets iron ore record, coal hit by floods

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Rio Tinto's iron ore output has reached record levels due to Chinese demand, but coal production suffered from floods in Australia.

Majali case withdrawn

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A case relating to the "hijacking" of a company was formally withdraw in court following the death of businessman Sandile Majali.