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Sentula to raise R106m through rights issue

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Earth-moving and exploration drilling company, Sentula, is to tap shareholders for R106m in funds through a rights issue.

Gold demand slips for 4-year low

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Gold demand fell to a four-year low despite surging physical demand owing to record exchange traded product sales and less central bank buying.

CoAL gains 12.5% on Mooiplaats sale

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Shares in Coal of Africa gained 12.5% in Johannesburg after saying it had raised R250m from the sale of its mothballed Mooiplaats colliery.

CoAL concludes Yishun share placement

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Coal of Africa has completed a share placement and loan agreement with China's Yishun Brightrise Investment raising a combined $24m for its Makhado project.

Exxaro interim earnings to be fifth lower

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Interim headline earnings for Exxaro Resources ended June 30 would be about 20% lower year-on-year owing to a lower contribution from iron ore.

Amplats struggles to replace Johnson Matthey

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Amplats cancelled its long-standing contract with Johnson Matthey last year which marketed its metals to customers, but is now struggling to fulfill the same function.

Lonmin directors to quit board in 2014

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David Munro and Mahomed Seedat would not seek re-election to the platinum firm's board at its AGM scheduled for January 30.

Randgold may seize on buying opportunities

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The slump in the gold market may present opportunities for Randgold Resources to buy production, said its CEO, Mark Bristow.

Investors sceptical of Zim election

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Investors said government change in Zimbabwe could lead to fresh investment, but they were sceptical Robert Mugabe would be dislodged.

Indian coal miners watchful of SA’s BEE

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Indian investors retained an interest in South Africa's coal sector but proposed changes to BEE regulations worried them, Webber Wentzel said.