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Petmin shrugs off lower anthracite sales

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Petmin shrugged off the effects of lower demand for anthracite to post a strong 29% increase in interim profit.

African Minerals slides into administration

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African Minerals is to appoint administrators after failing to repay Shandong Iron and Steel Group, its main lender and partner in the Tonkolili project.

Oversupply to continue, says BHP’s Mackenzie

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BHP Billiton CEO, Andrew Mackenzie, said the oversupply of commodities that was depressing prices would continue for some time.

Uncertainty in Namdeb diamond sale talks

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The Namibian government said it was uncertain when it would strike an agreement with De Beers on a new marketing sales deal for Namdeb.

Coal market to be 10mt over-supplied

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The global thermal coal market would be over-supplied by about 10 million tonnes this year, said Reuters citing analysts and traders.

Govt equity can protect private sector

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Giving governments a stake in investments proved to protect the private investment sector against deal renegotiation, Columbia University has found.

SA’s SDT refuses to disclose buyers of gems

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The State Diamond Trader responded to parliamentarians' demands for details on its clients saying it was not in the public interest to provide those details.

Palabora sells 26% to BEE group

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-- SOUTH Africa's largest copper miner Palabora Mining Company said on Monday it is to sell 26% of its operations to a broad-based...

Platinum output in May at record low

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Platinum production fell 49% in May as a consequence of the strike in the sector, said Statistics SA.

Amplats facing protracted asset sale process

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The divestment of Anglo American Platinum's non-core Rustenburg assets was likely to be protracted, said analysts.