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Private equity to invest in slump: Pengilly

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Lloyd Pengilly, head of QKR, said private equity would capitalise on the continued slump in metal prices this year.

CoAL in $24.7m Singaporean Makhado deal

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Coal of Africa has issued shares and entered into a loan agreement with Singaporean investment firm, Yishun for its Makhado coking coal project.

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.

Guinea cancels bauxite exploration licences

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Guinea has cancelled bauxite-bearing exploration blocks which were to be developed by company in which government members were shareholders.

Newcrest shakes up executive team

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Newcrest Mining has replaced its CEO and chairman after the company wrote down $5.9bn.

Harmony to build on fatality free quarter

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Harmony Gold said it wanted vigilance at its underground mines to be stepped up in order to build on its fatality free December quarter.

AMSA to post up to 30c/share interim loss

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Poor trading conditions and the costs of increased borrowings would take ArcelorMittal South Africa into a 25 cents to 30c/share interim headline loss.

Lonmin CEO Magara’s salary cut in three years

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The salary of Lonmin CEO, Ben Magara, was 2.5% higher in 2015 than in the previous year but 18% lower than three years ago when he replaced Simon Scott.

Chilean survivor story nears climax

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Chilean rescuers has reinforced an escape shaft to hoist 33 miners to freedom two months after they were trapped deep underground in a cave-in, as a stunning survival story that gripped the world nears its climax.

Transnet CFO to oversee Eskom funding plan

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Anoj Singh, CFO of state-owned logistics and transport company, Transnet, is to be seconded to Eskom where he will oversee its R250bn funding plan.