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Metorex raises Q3 copper output

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Diversified mining group Metorex reported a 13% increase in September quarter copper production.

Chinese mull $14bn Guinea bauxite project

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Chinese company Shandong Xinfa Aluminium & Electricity Group is considering investing $14bn in a bauxite project located in Guinea.

Anglo facing credit downgrade

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Anglo American was facing a downgrade of its credit rating following the 16% decline in copper last month and news it would impair assets.

Platinum may rise on strike conclusion

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Platinum may continue to surge because there is less incentive for producers to hold back the price following a five month strike in South Africa.

Pan African loses output at Evander, Barberton

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Pan African Resources said it lost gold production this month at its Barberton and Evander gold mines following safety related closures.

AMCU’s Mathunjwa rejects minimum wage

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Joseph Mathunjwa, president of the Association of Mineworkers & Construction Union, dismisses Cosatu proposals for a minimum wage as "a gimmick".

Namibia won’t cut tax rate for Anglo

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Namibia said it would not cut its tax rate for Namdeb Diamond Corporation, a company in which Anglo American has a 50% stake.

Gold Fields gold reserves down 11%

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Gold Fields cut its gold reserves 11% owing to the decline in the gold price which now sees the firm planning at $1,300/oz from $1,500/oz a year earlier.

Kumba may cut output as iron ore heads lower

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Kumba Iron Ore may be forced into more production cuts as prices for the mineral head below its $45/t break-even.

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.