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Beamish to replace Phillimore at Lonmin

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Lonmin non-executive director, Brian Beamish, will replace Roger Phillimore as chairman of the platinum company from May 1.

Mozambique coal rush is officially over

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Mozambique has switched its attention to developing offshore gas resources signalling the end of the country's coal rush.

Molefe appointed permanent CEO of Eskom

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Brian Molefe has been made the permanent CEO of Eskom after serving in an acting capacity of the utility for several months.

Northam progress R450m Everest deal

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The first R400m part of the R450m purchase of Everest mine from Aquarius Platinum by Northam Platinum had become unconditional.

NUM drops demand to 10% as strike starts

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The National Union of Mineworkers has dropped its gold industry wage demands to 10% confirming the industry's belief there isn't appetite for prolonged strike activity.

Barrick’s Luwana part of $2.8bn impairments

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The Canadian gold producer, which controls Acacia Mining and the Lumwana mine in Zambia, is to remove $3bn in debt in an asset clearance.

Green shoots emerge in beaten up gold sector

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Sentiment in the gold sector was improving - although not pervasively so - driven by merger and acquisition activity and a view there was value in gold stocks.

SA gold miners gear up for wage talks

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South Africa's gold producers were gearing up for what could be five months of gruelling wage talks, due to kick off next week.

Gold ETNs falls below 2,000 tonnes

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Holdings in gold-backed exchange traded products fell below 2,000 tonnes for the first time since May, 2010 - a loss of value totalling $61bn.

RioZim seeking $1.2bn for 1,400MW plant

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RioZim, a gold and diamond mining company, was hoping to sign power purchase agreements that would enable it to raise $1.2bn for a 1,400MW power plant.