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Zambia expects $1bn in China deals at summit

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Zambia hoped to clinch $1bn worth of investment from China at this week's China-Africa summit in Johannesburg.

BCX lifts stake in Gold One to above 90%

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The Chinese consortium in BCX Gold Investment has increased its shares in Gold One to above 90% triggering a mandatory offer to minority shareholders.

Duvha incident won’t lead to loadshedding

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The over pressurisation of a boiler at Eskom's 3,600MW Duvha power station was unlikely to lead to renewed load shedding, the power utility said.

Demands “written in blood”: Mathunjwa

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Joseph Mathunjwa, president of AMCU, said the union's demands for a R12,500 per month basic wage for members had been "written in blood" at Marikana.

Eskom disappointed with downgrade

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Tsholofelo Molefe, financial director of Eskom, said she was disappointed with the credit rating applied by Moodys' as her company had made "great progress".

Private equity $8bn pool to revive sector

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Some $8bn was available in private equity for merger and acquisition activity in the mining sector, and the time to spend it was fast approaching.

Rio’s Walsh says spending recognised

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Rio Tinto CEO, Sam Walsh, says investors are recognising again the need for mining companies to spend for long-term development.

Niger to build nuclear as uranium prices fall

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Niger said it was considering building a nuclear plant to treat its own uranium resources after prices for the fuel plummeted following the Fukushima disaster.

Aureus Mining pours first gold from mine

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Aureus Mining poured its first gold mine from its New Liberty project in north-western Liberia.

“Grave allegations” leave no compromise in Sable bribery claim

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UK-listed iron ore exploration and development company, Sable Mining, is at the centre of an bribery investigation that links it to illegal payments in...