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DiamondCorp earnings slump 47pct

Emerging diamond producer DiamondCorp has reported a 47% drop in headline earnings per share to 6.15 pence for the year to end December 2009 from 11.55 pence a share previously.

Auryx Gold nears TSX listing debut

Auryx Gold nears its Toronto bourse debut. It will bring to the market a Namibian gold prospect on which it will spend C$15m to bulk up resources and technical studies.

BHP welcomes resolution of resources tax

BHP Billiton's CEO Marius Kloppers is encouraged by the comments of newly-appoinmted Australian Prime Minister Julia Gillard that her government will open the door for negotiations with the objective of achieving consensus.

Chinese back Mozambique coal project

Australian junior Riversdale Mining has lined up two major Chinese backers for its second proposed coal venture on the Moatize field in Mozambique.

CIC Energy awaits SA approval of IRP2

CIC Energy, says it has extended its engineering, procurement and construction (EPC) contract to allow time for South Africa to approve its second Integrated Resource Plan (IRP2010).

Thabex applies for suspension

Thabex, the junior mining and exploration company, has made an application for the voluntary suspension of its listing on the JSE with immediate effect.

Gold One raises $65m loan

Gold One International has finally arranged the loan facility needed to cover its potential financial exposure to a $62.5m convertible bond issue which has been weighing down the share price.

Great Basin buys out Rusaf minorities

Great Basin Gold has bought out minority shareholders in Rusaf which owns gold bearing properties in Tanzania and sold its stake in Kryso Resources.

Wits Gold slides on cautionary notice

Shares in Witwatersrand Consolidated Gold Resources dropped 15% to R49 on the JSE, two days after the release of a trading cautionary announcement.

Russia mulls SA anti-dumping duty

Russia has proposed slapping anti-dumping duties on imported nickel-containing steels from China, South Korea, Brazil and South Africa.