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Caterpillar to cut 10,000 jobs by 2018

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Machinery maker Caterpillar is to cut up to 10,000 jobs over the next four years following the collapse in the price of crude oil.

Petmin shrugs off lower anthracite sales

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Petmin shrugged off the effects of lower demand for anthracite to post a strong 29% increase in interim profit.

Eastplats sells assets to Chinese for $225m

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Eastern Platinum finally brought the curtain down on its activities in South Africa selling the assets to Chinese firm Hebei Zhongbo in a cash deal worth $225m.

Kinross preparing $1.6bn Tasiast expansion

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North American gold counter Kinross Gold has retained BNP Paribas to help it raise $1.6bn for the expansion of its Tasiast gold mine in Mauritania.

Gold Fields mines 535,000 oz in June Q

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Gold Fields would report gold production of 535,000 ounces in the June quarter, roughly a 30,000 oz improvement quarter-on-quarter.

AngloGold halts Blyvoor 5 shaft pumping

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AngloGold Ashanti has stopped pumping activities at Blyvoor 5 shaft but will keep dewatering its neighbouring Savuka shaft by pumping two other Blyvoor shafts.

Zambia power surplus being diminished

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Mining expansions would eat into Zambia's power surplus next year, said the state-owned utility, Zesco.

Glencore to flush out Lonmin bidders?

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The proposed distribution of Glencore's 24.9% stake in Lonmin to its shareholders might also be a ruse to flush out potential bids for the investment.

CoAL wins amended environmental licence

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Coal of Africa takes a step towards regulatory approval for its Vele colliery winning the first of several amended environmental licences that it requires.

Anglogold in talks with Newmont on CC&V

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The sale or partial divestiture of AngloGold Ashanti's Cripple Creek & Victor mine in Nevada could be to Newmont Mining in which it was in exclusive talks.