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High hopes for R17bn Swaziland rail

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There's a lot of excitement about the first new freight railway line to be built by SA in about a quarter of a century; Transnet SOC and SwaziRail's R17bn Lothair project.

Universal considers approaches from third parties

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Universal Coal says it is reviewing the appointment of advisors, following informal approaches from third parties for its coking coal projects in South Africa.

African Iron directors accept Exxaro offer

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African Iron's directors have formally accepted Exxaro's takeover offer, says the company.

ArcelorMittal SA primed for promotion

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Arcelormittal SA has a more-than-even chance of re-admittance to the JSE/FTSE Africa Index Top 40 when the stock exchange’s worthies pour over re-weightings.

Anglo, Codelco trade more blows over Sur

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Codelco has described the deal between Anglo American and Japan’s Mitsubishi over Anglo American Sur as "illegal,' following the release of the sales contract.

De Beers appoints new CFO

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De Beers has announced the appointment of Gareth Mostyn as the company's chief financial officer.

Glencore sees first executive exit post-IPO

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Glencore is set to lose one of its most senior executives, the first exit since its high-profile public offering last year, as part of a reorganisation of its upper echelons.

Amplats, Anglo fall on trading update

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ANGLO American Platinum’s shares have nosedived and dragged down parent Anglo American, following a worse-than-expected trading statement.

Anglo American releases Mitsubishi contract

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Anglo American has released four documents relating to the sale of shares in Anglo American Sur to Mitsubishi, denying the contract contains any means to change the deal.

India nearly doubles gold import duty

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India has hiked its gold import duty by 90% and doubled the tax on silver as the world's biggest consumer of bullion seeks to increase revenues, sending futures prices higher.