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Wesizwe Platinum CEO to stand down

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Wesizwe Platinum CEO Mike Solomon will call it a day at the end of September when his contract expires despite being cleared by the Wesizwe board of all allegations against him.

BSI extends Meyerton factory by further R23m

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AltX-listed steel products stockist, processor, trader and exporter BSI Steel has expanded its R110m distribution and processing centre in Meyerton, Gauteng, at a cost of R12m.

ENRC sees strong growth in Q2 output

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Kazakh miner ENRC, says demand for stainless steel had recovered from last year's downturn, bringing strong growth in the second-quarter output of its two most important products, ferroalloys and iron ore.

China liberalises gold market

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China has given a spur to the gold market by announcing plans to allow more commercial banks in its borders to trade in gold bars.

Strike didn’t hinder coal exports

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Richards Bay Coal Terminal has managed to increase coal exports in July despite the nine-day strike at the world's largest coal terminal.

Grootvlei to wade into acid water crisis

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Aurora Empowerment Systems says the Grootvlei mine would double its capacity to pump acid mine water, possibly as early as Friday.

Merafe bursts back into profit

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A one third improvement in ferrochrome prices have helped Merafe Resources back into a first half profit.

Eskom’s World Bank loan under investigation

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The World Bank's Inspection Panel has confirmed that it is investigating the awarding of the bank's $3.75bn loan to South African power utility Eskom.

Merafe, Xstrata to build R1bn chrome plant

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The Xstrata/Merafe chrome joint venture will invest about R1bn in a new chrome pelletising plant to be built at the group's Rustenburg ferrochrome smelter.

Kinross enters Africa in $7bn deal

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Kinross has bid $7bn in paper for Red Back Mining in a proposal that gives the Canadian firm access to gold mines in Ghana and Mauritania.