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Exxaro expects profit to double

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Exxaro Resources says its full-year profit has likely doubled as the global economic recovery pushed commodity prices higher.

Zim to nationalise mines, Chinese firm spared

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Zimbabwe will proceed with plans to take majority stakes in foreign-owned diamond mines in the east of the country but will spare a Chinese-owned mine from a state takeover.

BHP goes on $80bn expansion spree

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BHP Billiton plans to pour $80bn into expansions and return cash to investors rather than chase takeovers, after nearly doubling its first-half profit.

Public enterprises to house state miner

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The state-owned mining company that will spearhead the government's foray into the mining sector will be located in the department of public enterprises, says ANC secretary-general Gwede Mantashe.

Aurora threatened with liquidation

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Solidarity has warned that it may move to liquidate Aurora Empowerment Systems.

Australia mining tax to in $60bn less

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Australia will collect an estimated A$60bn less in a new mining tax over the next decade than originally predicted, according to the Sydney Morning Herald.

Acid water report reaches cabinet

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A report on how to tackle the threat of rising underground acid mine water will be discussed by cabinet this week, says Water Affairs Minister Edna Molewa.

African Barrick beats expectations

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African Barrick Gold reported better-than-expected results for the full year as higher gold prices outweighed a decline in production.

Sallies reopens Witkop mine

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Sallies is starting up production again from its Witkop fluorspar mine in response to improving market conditions and the weakening of the rand against the dollar.

Weather prompts another force majeure

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Xstrata has declared force majeure at its Ulan thermal coal mine in Australia's New South Wales state due to heavy rains, the company says.