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China may raise gold holdings, says LBMA

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China has only 2% of reserves in gold, compared to 75% in the US, a difference that is bound to be narrowed, the London Bullion Market Association said.

Momentum builds for RoC’s iron ore pioneers

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Zanaga, Equatorial Resources and Exxaro Resources mark 2012 with important advances in the effort to produce iron ore from the Republic of Congo.

Motlanthe rails against migrant labour

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Deputy president Kgalema Motlanthe has urged mining companies to allow migrant workers to return to home more frequently.

Xstrata turns screws on Lonmin in takeover effort

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In an extraordinary exchange, Lonmin has rejected the calls from its shareholder to a reverse takeover and the resignation of its Board.

Shareholder advisories split on Glenstrata

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Shareholder advisory services are divided on whether investors should support the $33bn merger between Glencore and Xstrata that goes to the vote on November 20.

CEOs walk the plank as tide turns against miners

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Competition to please investors exacerbates the mining cycle and means the CEOs of the world’s largest miners face an in-built obsolescence.

AngloGold cuts capex, launches projects review

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AngloGold Ashanti would conduct a two to four-month review of its South African and African projects amid a credit downgrade and lost production.

BHP begins hunt for Kloppers succession

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BHP Billiton is reported by the Financial Times to be starting early in efforts to find a successor for its CEO, Marius Kloppers.

Harmony lands solid profit despite R325m strike hit

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Harmony Gold estimated a strike at its Kusasalethu mine carried a total opportunity cost of R325m, but nonetheless produced impressive September quarter figures.

Bristow sympathetic to Congo code revamp

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Mark Bristow, CEO of Randgold Resources, said he was in sympathy with the efforts of the Democratic Republic of Congo and other African countries to give themselves a larger slice of profits.