Off The Wires

Anthracite market “under pressue”: Petmin

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South Africa's Petmin said the anthracite market was under pressure with export prices falling 15%.

Eastplats sells assets to Chinese for $225m

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Eastern Platinum finally brought the curtain down on its activities in South Africa selling the assets to Chinese firm Hebei Zhongbo in a cash deal worth $225m.

Numsa explusion “a disaster”: Vavi

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The expulsion of Numsa from Cosatu has been described as "a disaster" by Zwelinzima Vavi, secretary-general of Cosatu.

AngloGold suffers fatality at Mponeng

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AngloGold Ashanti said it had suffered a fatality at its Mponeng mine west of Johannesburg following a fall of ground incident.

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".

Vale sees relief in long-term iron ore market

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Brazilian iron ore and coal producer, Vale, said the largest producers of iron ore would survive the current oversupply with prices likely to settle between $90-$100/t.

Zambia to push for mineral law by year-end

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Zambia's mines minister, Christopher Yaluma, hoped to have a revised minerals law passed by the year-end.

Randgold may seize on buying opportunities

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The slump in the gold market may present opportunities for Randgold Resources to buy production, said its CEO, Mark Bristow.

Eastplats in trading halt ahead of “news”

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Eastern Platinum has requested a trading halt to its shares in Toronto and Johannesburg ahead of a news announcement.

Aurora directors may face R24m civil claims

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The liquidators of Aurora Empowerment Systems may pursue civil claims against the firm's directors totalling R24m.