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Mining distress leaves vacuum for private equity

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Distress in the world's mining sector was leaving the door open to private equity which has seen an opportunity to buy assets.

VMR offer receives Competition authority assent

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South Africa's Competition authorities unconditionally approved a bid for Village Main Reef by Chinese firm, Heaven-Sent Capital Management Group.

Concourt to rule on mining right appeals

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The Constitutional Court will today hand down judgement regarding appeals by the DMR and ICT over prospecting rights at Sishen Iron Ore Company.

DRDGold looks to combine with Sibanye

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DRDGold said it made sense for the company to combine its gold retreatment business with those planned by Sibanye Gold.

Johnson Matthey to seek new pastures

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Johnson Matthey, the platinum group metal research house and semi-fabricator, said it would seek new clients after its 21-year relationship with Amplats was over.

Allan Gray ups stake in Pan African to 7%

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Allan Gray, an asset management firm, swam against the tide again today increasing its stake in South African gold producer, Pan African Resources, to 7%.

Gecamines seeking $160m to fire staff

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The Congo state owned base metals miner, Gecamines, required $160m to fire 6,000 people, about half of its staff.

Nhleko quits Anglo to focus on SA business

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Phuthuma Nhleko, the founder of Pembani Group, has resigned from the board of Anglo American where he was a non-executive director.

SDT should get more diamonds from miners

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The South African government should force mining companies to avail a higher portion of their diamonds for cutting and polishing inside the country.

Namibia restarts gem talks with De Beers

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Namibia said it had resumed discussion with Anglo American diamond business, De Beers, on a new marketing contract for the southern Africa country.