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Toronto diamond firm mulls JSE listing

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Toronto-listed Afri-Can Diamonds, which digs for diamonds off Namibia’s coastline, is considering a secondary listing in Johannesburg.

Transnet in R100bn public, private capital effort

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Transnet, the state-owned transport and logistics utility, said its R300bn capital expenditure programme could be extended by at least R100bn if it could persuade the private sector to invest.

Congo plans 35% mines grab

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The Democratic Republic of Congo is to consider proposals that would see a radical change in its mining code as it seeks to lift the mining industry’s contribution to the country’s economy to 25% by 2016.

West Rand Ergo one step closer

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Posting an otherwise dire quarterly update on operations, Gold One International says the scoping study of a proposed surface venture has shown promising results.

Lonmin seeks $800m in rights issue

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UPDATED: Lonmin has proposed a rights issue of $800m, likely to take place before the end of the year, as part of a strategy to refinance its balance sheet.

Battle weary Lonmin slashes capex further

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Lonmin has reined in capital expenditure for the next two years by another 23% as the company seeks to map its way forward following the events at Marikana.

BHP Billiton to raise coking coal output by 50%

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BHP Billiton expects its coking coal production capacity to reach 66 million tonnes a year in 2014, up 50% from 2012, reports news wire service Reuters.

SA shareholders paved way for Carroll’s exit

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Anglo American’s biggest shareholders in South Africa have met with Cynthia Carroll two weeks ago to explain their objections to her management decisions.

Shabangu wants a South African to lead Anglo

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Mineral Resources Minister Susan Shabangu says she hopes a South African will be appointed as successor to Cynthia Carroll at the reins of Anglo American.

Anglo’s Cynthia Carroll quits

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Cynthia Carroll, CEO of Anglo American since 2007, is to leave the organisation once a successor has been recruited, the group has said.