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Bid to contain Eskom hike to 12%/year

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The South African government is hoping that a package of measures including loan to equity conversions can contain electricity tariff increases to 12% a year.

Corruption is SA’s national sport: Phiri

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Steve Phiri, CEO of Royal Bafokeng Platinum, said corruption had become a national sport in South Africa and was holding back investment in its mining sector.

Kinross preparing $1.6bn Tasiast expansion

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North American gold counter Kinross Gold has retained BNP Paribas to help it raise $1.6bn for the expansion of its Tasiast gold mine in Mauritania.

Mining shares looking cheap

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Shares in mining companies looked cheap after they had declined this year further than metal prices.

NUM declares dispute with SA gold firms

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Attempts to reach a wage deal in South Africa's gold sector failed today after unions rejected a repackaging of the final offer submitted on July 30.

Acacia scouring West Africa for growth

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Brad Gordon, CEO of Acacia Mining, said the company may find production growth opportunities in Burkina Faso, Senegal and Mali.

Economy will recover from strike: Davies

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Rob Davies, trade and industry minister, said South Africa would recover from the five month platinum strike as minerals beneficiation took centre stage.

Brown holds up China model over privatisation

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Public enterprises minister, Lynne Brown, dismissed the notion the South African government was considering privatisation of state-owned utilities.

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.

CoAL wins mining licence for Makhado

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Coal of Africa said it had been awarded a new order mining right that will pave the way for the development of its 2.3 million tonne/year Makhado project.