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AMCU edges towards Implats strike

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A strike over wages moved closer to reality at Impala Platinum after majority union, AMCU, was awarded a certificate of non-resolution following talks with the union.

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.

African Barrick hails sale price as ‘progress’

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The sale of shares in African Barrick by the firm's parent company for $188m was a sign of the progress the firm had made, said CEO Brad Gordon.

Eskom knew coal silo was weakening

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Eskom was aware of structural problems at Majuba power station's coal silo months before it collapsed, said Solidarity, a union.

Uranium seized not active: SAPS

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Two men arrested on suspicion of possessing uranium were not holding active material, said the South African Police Service.

Platinum market confounds analysts

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The minimal reaction of the platinum price to supply interruptions has analysts scratching their heads as to the quantum of inventories.

Oversupply to continue, says BHP’s Mackenzie

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BHP Billiton CEO, Andrew Mackenzie, said the oversupply of commodities that was depressing prices would continue for some time.

Xtract renegotiates O’kiep Copper deal

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Xtract Resources will pay $2.9m - some 19% less than the initial consideration - for O'kiep Copper, an asset in South Africa's Northern Cape province.

Blyvoor arrests raise spectre of Aurora

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Former Aurora directors deny asset stripping Blyvoor following the arrest of two managers allegedly involved in theft of 1.3kg of gold.

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.