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Gold Fields to extend $2.1bn in loan maturities

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Gold Fields said it was hoping to restructure its debt as it didn't want $2.1bn in loan finance maturing at the same time.

Barclays headhunts investment bankers

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Barclays Capital has head-hunted investment bankers from its rivals UBS and Liberum Capital to head its global mining and metals team.

Implats warns of lower profit

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Impala Platinum would write-down assets totalling R2.3bn leading to a decline in full year profit, the company said.

Gold edges above $1,300/oz

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The price of gold moved above $1,300/oz following disappointing US economic data and the sense that the metal was oversold.

Cosatu to oppose Eskom tariff hike

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Eskom's proposed 25.3% increase in the electricity tariff was an attempt to shift the burden of responsibility on to the consumer, said the union body.

US may investigate Gold Fields bribery

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The US authorities may probe Gold Fields' empowerment deal that attorneys Paul Weiss said had involved bribery of a top African National Congress official.

Paulson opposes AngloGold demerger

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John Paulson whose company Paulson & Co owns 6.6% of AngloGold Ashanti said he would not vote through the proposed $2.1bn rights issue and demerger.

African Minerals may break covenants

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African Minerals said it was in danger of breaking debt covenants and would attempt to refinance a $250m loan.

Ivanhoe platinum mine given state approval

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Ivanhoe Mines has received a mining right from the South African government for its proposed platinum group metal mine in the country.

Congo confident Inga II will start 2015

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The Democratic Republic of Congo said it was confident of starting construction of the Inga II hydroelectric station despite two earlier failed attempts.