Off The Wires

Namdeb searches for 78 carat diamond

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Police in Namibia are searching for a missing 78 carat diamond which went missing from Namdeb during a recent strike.

Bid to contain Eskom hike to 12%/year

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The South African government is hoping that a package of measures including loan to equity conversions can contain electricity tariff increases to 12% a year.

Ukraine buys 1mt of coal from SA

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Ukraine has bought 1 million tonnes of coal from South Africa after mining was disrupted owing to the armed conflict with separatist rebels.

Papillon to start $350m Fekola work

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Papillon Resources expected to produce gold from its $350m Fekola project in Mali in "less than 18 months".

Paladin boss sticks to guns on closure

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Paladin Energy CEO, John Borshoff, said putting its Malawi-based Kayelekera uranium processing plant on care and maintenance was the right move.

Ivanhoe finalises 26% Platreef BEE

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Ivanhoe Mines has completed the empowerment deal on its Platreef project in South Africa agreeing a 26% equity transfer in the platinum project.

New Pilbara in central Africa: Welborn

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John Welborn, CEO of Equatorial Resources, said the iron ore fields of central Africa have the potential to become the Pilbara of the continent.

Sundance project immune to price volatility

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Sundance Resources' Cameroon-based Mbalam-Nabeba iron ore project was not vulnerable to swings in the price of the metal, said the firm's CEO.

Ending platinum strike “a miracle”: Ramatlhodi

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South African mines minister, Ngoako Ramatlhodi, said bringing an end to the five month platinum strike earlier this year was "... nothing short of a miracle".

‘Holistic approach’ to Africa funding: Nedbank

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Nedbank Capital head of resources, Mark Tyler, said raising finance for African mining projects required a holistic approach incorporating debt and equity packages.