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Harmony waiting on PNG bonanza

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Harmony Gold has talked up the billing of its Wafi-Golpu project as the "gold find of the century', but questions remain over the group’s immediate growth prospects.

Transnet acting CEO resigns

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Chris Wells, who has acted as Transnet group CEO since March 2009, will leave at the end of March 2011, according to the Transnet board.

NewGold planned for Kenya, Botswana and Nigeria

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Absa Capital is in talks to list its gold-backed exchange traded fund in a number of African countries.

Zimbabwe to resume diamond exports

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Zimbabwe plans to resume selling diamonds from its controversial Marange fields within days, saying it fully meets the standards required by the body that regulates trade in conflict diamonds.

South Korea seeks $1bn DRC mining deal

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A consortium of South Korean companies will seek a minerals-for-infrastructure deal in Democratic Republic of Congo that could be worth $1bn, officials say.

Potash Corp asks regulator for more time

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Canada's Potash Corp is asking a provincial regulator to uphold its shareholder rights plan, saying potential white knights need more time to fund possible bids to rival BHP's hostile offer.

India to snap up gold in festival week

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India's gold sales during its biggest festival week may rise by 40% from a year ago as consumers pick up the metal in anticipation of further gains from the current, near-record price levels.

All eyes on gold majors’ numbers

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The strong rand is expected to erode the benefit of the rise in gold's dollar price for SA’s top three producers - scheduled to report third-quarter earnings in November.

Govt fights claim over Vaal coal rights

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Government has denied that Imperial Crown Trading received coal rights for 162 ecologically sensitive spots next to the Vaal River, but confirmed that it had received an application from the controversial company.

More clarity needed on SA mining rules

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Coal of Africa CEO John Wallington says greater clarity is needed over regulatory processes in South Africa if the country is to improve its image as a mining investment destination