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R&E shareholders approve settlement

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Randgold & Exploration shareholders gave their approval to a R150m settlement with auditing firm PwC dating back to a dispute relating to the late Brett Kebble.

Low oil price no panacea, Nick Holland

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The low oil price might give companies operating in Africa a boost, but it was unlikely to stay at its current levels, said Gold Fields CEO, Nick Holland.

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.

Protests disrupt Amplats’ Mogalakwena mine

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Anglo American Platinum's Mogalakwena mine was operating on a skeleton staff after protests by the local community disrupted attendance.

Zuma implicit in Eskom inquiry

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South African president Jacob Zuma is said to have had a direct hand in calling for an inquiry at Eskom which saw four executive suspended.

Motsepe to keep ARM’s 14.6% stake in Harmony

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Patrice Motsepe, executive chairman of African Rainbow Minerals, does not intend to sell the firms 14.6% stake in Harmony Gold despite poor trading conditions.

Acacia swings into $197m full-year net loss

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Acacia Mining suffered a heavy $197m net loss for its 2015 financial year, but it kept its dividend unchanged with the previous year.

Guptas deny coal to Eskom failed quality tests

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The Gupta family has denied it coal it supplied to South African power utility, Eskom, had failed four quality tests as reported by the Sunday Times.

Ivory Coast a “genuine win-win”: Bristow

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The revision of Ivory Coast's mining code represented a "genuine win-win", but its geological data had to be improved, said Randgold Resources CEO, Mark Bristow.

ContiCoal appoints board to study funding

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Continental Coal has appointed a special board committee to review several offers to refinance its $15m in convertible debentures.