Off The Wires

Zijn targets gold mines in Africa

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Zijn Mining Group, China's largest gold producer by value, had set aside $1.3bn for acquisitions and said it was keen on buying in Africa.

AngloGold to cancel shares in UK

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AngloGold Ashanti is to cancel the listing of its ordinary shares in London owing to low liquidity.

AMCU moots workers buying Amplats mines

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The Association of Mineworkers & Construction Union said it had received interest from workers in using provident funds to secure finance for mine deals.

Central Rand battles the rising tide

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Rising levels of underground water forced the UK's Central Rand Gold to mine shallower gold which was lower grade.

Giyani buys Sumo, Horizon Enerji

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Giyani Gold Corporation said it had established a foothold in the energy sector buying Sumo Coal which operates a mine in Mpumalanga, and Turkey's Horizon Enerji.

SA to brace for load-shedding as Eskom toils

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Eskom is heavily behind on its maintenance programme which will inevitably lead to regular load-shedding if not a black-out, according to a newspaper report.

Ivanhoe hires advisers for base metals review

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Ivanhoe Mines has hired BMO Capital Markets and Morgan Stanley & Co to help it find partners for its Congo base metals projects.

BHP considering demerger of non-core assets

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Having struggled to sell its Nickel West assets, BHP Billiton has stated its preferred option of a demerger.

Outlook for Egypt improving: Centamin

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The investment outlook for Egypt was improving said Centamin the share price of which has been battered by revolution in the country.

Anglo investment return targets doubted

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Anglo American was being too ambitious by hoping to achieve 15% return on capital employed by its 2016 financial year, Liberum Capital said.