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Mosebenzi says 32,000 jobs at risk in SA mining

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Up to 32,000 jobs could be shed in South Africa's mining sector owing to the slump in the commodities and metals markets.

Tanzania convicts former ministers over gold audit

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Tanzania recorded the most high profile convictions yet in its anti-graft drive when the country's court sentenced two former minister to three years in jail.

BHP to focus on iron ore, coal, copper …

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BHP Billiton identifies assets that it wants to develop leaving its nickel, manganese and aluminium assets potentially out in the cold.

Petmin impairs Veremo for R181m

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Petmin booked more than R1bn in revenue owing to a strong performance from its Somkhele coal mine but suffered the effects of a write down of its pig iron JV, Veremo.

Eskom disappointed with downgrade

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Tsholofelo Molefe, financial director of Eskom, said she was disappointed with the credit rating applied by Moodys' as her company had made "great progress".

DRDGold Q1 gold output down 11%

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DRDGold said first quarter gold production would be down 11% and that it would change its reporting cycle to half yearly announcements in order to cut costs.

Demand from China strong: Rio’s Walsh

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Demand from China for commodities remained stronger than 'external pundits' were saying, said Sam Walsh, CEO of Rio Tinto.

Senegal to chase mining investment

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Senegal president Macky Sall said the west African country would chase down mining investmentn so its economy could grow at 7% a year.

Mozambique to put coal blocks for sale

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Mozambique is to put more coal blocks in its Tete and Niassa provinces for sale by June next year and has promised it will deal with political violence.

Committee urges development steel pricing

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SA's parliament heard from the trade and industry committee that a failure to implement developmental pricing on steel would hold back industrial development.