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Resgen says debt, equity markets difficult

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Resource Generation said that the decline in coal prices from about 2008 had made the debt and equity markets difficult to work in.

Gemfields aims at ruby price lift

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UK-listed semi-precious stone company, Gemfields, said it hoped in the development of a ruby mine to replicate its success in the emerald market.

South32 may buy Anglo stake in Samancor

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South32 was open to buying Anglo American's stake in Samancor, the South African-based manganese producer in which it is the joint venture partner.

Plans for platinum Mandela coin hatched

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Derek Engelbrecht, the outgoing marketing director of Impala Platinum, said he would break down bureaucracy in an attempt to have a platinum Mandela coin launched.

Merafe interim earnings up to 47% weaker

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Merafe Resources said it will post interim headline earnings of between 4.7 cents to 5.3 cents per share weaker - a decline of up to 47% year-on-year.

Sable Pt facing cash flow crunch

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Sable Platinum, a JSE-listed platinum exploration firm, said it was considering various options to raise money and would announce something in two months.

Pallinghurst still intent on platinum IPO

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Pallinghurst Resources said it remained confident about the platinum market and would consider listing its Sedibelo Platinum Mines.

AMCU threatens industry wide strike

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The Association of Mineworkers & Construction Union president Joseph Mathunjwa said the union would call a industry wide strike if platinum producers shut mines.

Grindrod loco lease business targets Africa

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Logistics company Grindrod said its new locomotive leasing business would target companies operating in Africa where infrastructure was poor.

ICVL to build power plant at Mozi’s Benga

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International Coal Ventures, the consortium that bought Benga coal mine from Rio Tinto for $50m, is to build a power station in the country.