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Aquarius profit soars as prices rise

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Aquarius Platinum says first-half net profit soared on the back of higher precious metals prices and increased production.

Rio Tinto profits treble to $14bn

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Soaring commodities prices and strong growth in emerging markets have bolstered the annual profits of global mining giant Rio Tinto.

Zim mine fees rocket 2 000%

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Zimbabwe has hiked mining exploration fees to $1m in a bid to curb speculation.

Zuma speech raises nationalisation fears

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Critics are concerned that SA has shifted closer to nationalising its mines following President Jacob Zuma's State of the Nation speech.

Malema triumphant over Zuma speech

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ANC Youth League President Julius Malema says President Jacob Zuma's State of the Nation speech shows nationalisation is here to stay - and that the minister of mineral resources must take note.

Shabangu ‘doesn’t answer to ANCYL’

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Mineral Resources Minister Susan Shabangu did not need to report back to the ANC Youth League about her position against the nationalisation of mines, her spokesperson says.

Bauba asks for JSE suspension

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Newly-listed Bauba Platinum has asked the JSE to suspend its shares after it failed to come to an agreement on assets with vendors.

Mvela surges after Northam offer

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Shares in Mvelaphanda Resources have spiked after Northam Platinum said it would acquire it in a deal worth about R982m.

Xstrata profit up sevenfold on commodities boom

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Anglo-Swiss mining group Xstrata has reported a sevenfold increase in annual net profit in 2010 as it rode the forecast boom in commodities markets and prices.

Govt mining firm almost ready to go

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A state-owned coal and uranium mining company will be up and running within weeks.