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Kariba dam being exhausted by Zambia, Zim

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Zambia and Zimbabwe drew more water from the Kariba dam than requested by the Zambezi River Authority draining it to 29% of its capacity by September.

Third Chinese suitor joins race for CRG

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A third company - a Chinese firm called Shengbang Jiabo - has joined the bidding for Central Rand Gold with others also expressing an interest.

Copper could stunt Glencore fight-back

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Further weakness in the copper price might stunt the ability of Glencore to mount a fightback after its shares fell to record lows this year.

CoAL of Africa posts basic loss per share

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Coal of Africa reported a basic loss per share of 22.2 US cents for the year ended June 2010 from a loss of 3.55 cents a year ago.

Kibo Tanzania coal project improves margin

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The net present value of Kibo Mining's Mbeya Coal to Power Project had improved to $244m following completion of a pre-feasibility study into the project.

Kgadima PetroSA appointment rescinded

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The appointment of Tshepo Kgadima as chairman of PetroSA has been rescinded following controversy about his coal mining dealings.

Merafe full-year earnings up to 26% lower

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Merafe Resources said depreciation charges, increased borrowing costs, and restructuring would lead to annual earnings lower by 19% and 26%.

Blyvoor “in ICU”, says Goldrich’s Ngubane

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Goldrich Holdings chairman, Thulani Ngubane, said his company needed more time before returning Blyvoor to profitability.

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.

Miners under the whip as BHP writes-down $7.2bn

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Diversified mining shares fell under the whip reversing many of this week's gains after BHP Billiton wrote down its US shale assets by $7.2bn.