Off The Wires

Vavi not visible on platinum belt

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Cosatu general-secretary, Zwelinzima Vavi, was not doing enough to recruit platinum mine employees for the National Union of Mineworkers.

Rios to demand 30% premium of Glencore

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Rio Tinto would not recommend a merger with Glencore unless it received a premium on its shares of at least 30%, said a former BHP Billiton executive.

Zambia to collect $270m on higher royalties

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Zambia has approved increases in royalties as a replacement for its 30% corporate tax in an effort that will raise $270m next year for the country.

Liberia spent $40m fighting Ebola

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The central bank of Liberia has spent $40m fighting the effects of the Ebola virus outbreak and had forced it to seek new partnerships with institutions.

VMR shares higher as considers sale options

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Village Main Reef said it had retained a broker to help it consider options related to its assets and the company itself.

Keaton ups coal 5% at Vanggatfontein

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Keaton Energy increased thermal coal production at Vanggatfontein in Mpumalanga province 5% to 1.2 million tonnes in the first half of its financial year.

SA to invest R2.1bn in distressed mining towns

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South Africa will invest R2.1bn in the next three years in distressed mining towns as part of the Framework Agreement for a Sustainable Mining Industry.

Corruption is SA’s national sport: Phiri

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Steve Phiri, CEO of Royal Bafokeng Platinum, said corruption had become a national sport in South Africa and was holding back investment in its mining sector.

Briggs doubts gold strike in 2015

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Graham Briggs, CEO of Harmony Gold, doubted there would be a strike in the sector next year.

Atlatsa suspends output at Klipfontein

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Atlatsa Resources said it had suspended production at its Klipfontein open cast mine following the death of an employee, an event that also sparked mine violence.