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AEMFC under fire over special treatment

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More industry players are raising concerns that state-owned miner AEMFC is receiving preferential treatment from the department of mineral resources.

Anglo ‘paid too much’ for Minas Rio

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Cost increases at Minas Rio may indicate that Anglo American CEO Cynthia Carroll has overpaid for the controversial iron ore project.

DMR audits Eskom’s bogus suppliers

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The DMR is investigating a number of coal companies which had applied for mining rights under the pretext of supplying the resource to Eskom, but have been exporting it instead.

Anglo doubles profit, announces new JV

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UPDATED: Anglo American has almost doubled its operating profit on the back of higher commodity prices as well as improved efficiencies, and will resume paying a final dividend.

BHP seeks monthly price for met coal

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BHP Billiton has notified major Japanese steelmakers that from April it wants monthly pricing of metallurgical coal to replace quarterly pricing, according to a report.

Gold Fields targets foreign gold

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Gold Fields has opted to focus its attention on new mine projects in Peru, Finland, Mali and Australia ahead of the proposed uranium recovery plant in South Africa.

Hedge haunts AngloGold one last time

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AngloGold Ashanti has seen its earnings gobbled up by the elimination of its hedge book one last time, reporting a $764m headline loss for the quarter to end-December.

Implats boosts earnings and dividend

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Impala Platinum cashed in on rising platinum group metal prices during the six months to end-December, with increases in production from its Rustenburg and Zimplats operations.

Implats still keen on RBPlat

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Impala Platinum has not given up on acquiring Royal Bafokeng Platinum, despite being blocked by rival Anglo Platinum in October to the fury of the Royal Bafokeng.

AngloGold enters new profitability era

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AngloGold Ashanti stands on the brink of an earnings explosion as it enters a new financial year free from the restraints of a gold hedge, analysts say.