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Zambia asks miners to life power pay

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The Zambian government has asked miners operating in its borders, including Metorex, to pay more for electricity use.

AngloGold raises $1.58bn to close hedge book

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AngloGold Ashanti has exercised an over-allotment option on its share and bond issue to help raise an overall $1.58bn to close its hedge book.

Cipro washes its hands of hijacking

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Cipro has suspended its online facility for changing directorships to curb company hijackings, but says it won't take the blame when its systems are manipulated.

Kalahari joy as interlopers ejected

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Directors of Kalahari Resources, including founder and chairperson, Daphne Mashile-Nkosi, have won a court battle to have invaders removed from the board.

Workers refuse to surface at AngloPlat mine

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Temporary workers at Anglo Platinum's Rustenburg mine are refusing to come out from underground.

Optimum Coal sues Eskom

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Optimum Coal has taken Eskom to arbitration in a bid to cancel the supply contract between the Optimum Colliery and Eskom's Hendrina power station because of a dispute over coal quality.

Optimum Coal suffers profit slump

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Optimum Coal Holdings has been hit by lower export prices for coal and the stronger rand.

AngloGold Ashanti to speed up growth

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AngloGold Ashanti intends using the extra $600m it will earn in free cash flow annually through removing the gold hedge to speed up its growth projects, two of which are in South Africa.

AngloGold Ashanti to eliminate hedge book

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AngloGold Ashanti is to raise around $1.5bn through the issue of shares and convertible bonds and will use the proceeds to knock down its remaining gold hedge book.

Ergo a winner for DRDGold

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The Ergo project is now delivering healthy profits for DRDGold with more to come as the fine-tuning is completed and it will also extend the lives of the Crown and City Deep treatment plants