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Mining industry at ‘breaking poing’: Holland

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Gold Fields CEO, Nick Holland, said the mining industry was at a breaking point as governments and investors sought a greater share of the profits.

NUM not planning coal wage talks

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The National Union of Mineworkers, which called a strike in South Africa's coal sector on October 5, did not plan to have any further talks with producers.

Lonmin CEO Magara’s salary cut in three years

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The salary of Lonmin CEO, Ben Magara, was 2.5% higher in 2015 than in the previous year but 18% lower than three years ago when he replaced Simon Scott.

Zim diamonds seized in compensation row

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Diamonds headed for auction in Antwerp were seized by Belgium authorities as they could be used to compensate a disgruntled Zimbabwe investor.

GlencoreXstata listing validates SA mining

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Fund managers welcomed the secondary listing of GlencoreXstrata on the JSE saying it validated South Africa as a destination for mining investment.

Moody’s affirms Glencore credit rating

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Moody's affirmed its Baa2 ratings on Glencore but changed the outlook to negative owing to the risk of prolonged difficulties in the metals markets.

Chrometco tumbles, restates 3 years of earnings

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Shares of Chrometco Ltd tumbled more than 9% to 10 cents after the South African mining exploration group said it would restate its earnings figures for the past three years.

Gold producer hedge book cut 17t in Q2

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The world's gold mining sector cut forward sales of the metal 17 tonnes in the second quarter of this year.

Venkat cuts team as hard times befall sector

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Srinivasan Venkatakrishnan, CEO of AngloGold Ashanti, has taken the scalpel to the firm's executive team as hard times befall the gold sector.

Rockwell lifts diamond sales 57%

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Rockwell Diamonds increased diamonds sales 57% in the three months ended August as its earth-moving renewal plan reaped benefits.