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Strong rand no excuse, says analyst

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South African miners cannot hide behind the stronger rand if their earnings fall below forecasts, says a sector analyst.

India opens diamond exchange

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India is taking a major step towards becoming a global trading centre for diamonds with a newly launched exchange.

The Bafokeng blasts Glencore and Xstrata

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RBH CEO Niall Carroll was in a combative mood at the recent Sun City platinum conference taking a go at Glencore, Xstrata and Brian Gilbertson as well as Anglo Platinum.

ARM, Vale launch Konkola copper mine

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Zambian President Rupiah Banda has inaugurated a new $380m copper mine project, a joint venture between Africa Rainbow Minerals and Vale.

BHP, Rio in final stand to save JV

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BHP Billiton and Rio Tinto are expected to pursue last-ditch talks with regulators in a bid to save a proposed iron ore joint venture after the project suffered a new blow.

Power cuts loom once more

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The latest research report by RBC Capital Markets analyst Leon Esterhuizen paints a gloomy picture of renewed power cuts looming for the South African mining industry as of next year.

Rio Tinto in overdrive on commodities surge

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Rio Tinto has maintained its 2010 production guidance for iron ore, and says it is driving all its divisions near or above capacity to cash in on strong mineral prices.

Harmony sees gold at $1,500/oz in 2011

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Harmony Gold, the world's fifth-largest gold miner, expects gold to rise further this year and trade at around $1 500 an ounce in 2011.

Germany to block BHP, Rio Tinto JV

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The German Federal Cartel Office intends to prohibit BHP Billiton and Rio Tinto's proposed iron ore production joint venture in Western Australia.

Silver shines as growth outpaces gold

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Long called "the poor man's gold", silver is likely to outperform its pricey counterpart this year, a trend that makes it an attractive option for investors looking to diversify their portfolios.