Off The Wires

Zambia miners freeze $1.5bn investment

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Mining companies operating in Africa's second largest copper producing region are concerned after the government held back $600m in VAT payments.

Euromoney to transform Mining Indaba

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Euromoney Institutional Investment said it would transform the Mining Indaba conference which it bought earlier this week for $78m.

London Mining seeking $400m for expansion

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London Mining is hoping to raise $400m to expand its Marampa iron ore mine in Guinea to 8 million tonnes a year.

Amplats maintains Q2 contract deliveries

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Anglo American Platinum delivered into all its contracts in the second quarter despite losing 40% of production from the strike over wages.

MPRDA may be split, says Ramatlhodi

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The provisions relating to oil and gas may be separated from the Mineral & Petroleum Resources Development Act, said SA's mines minister.

Ramatlhodi unconcerned by Amplats sale talk

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South African mines minister, Nogako Ramatlhodi, said he was unconcerned by the prospect of Amplats selling some or all of its Rustenburg assets.

Rio Tinto lits Q2 iron ore 11%

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Rio Tinto lifted second quarter iron ore production 11% to 57.5 million tonnes raising the possibility higher output would keep prices depressed.

Miners must maintain 26% BEE level

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South African mines minister, Ngoako Ramatlhodi, said he did not subscribe to the once-empowered, always-empowered principle.

Amplats interim figures blitzed by strike

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Amplats said it interim headline earnings would fall to as little as 20 cents a share owing to the five month strike.

Banro risks default on debt

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Banro risks defaulting on its bonds as below anticipated production levels were heaping pressure on the company's debt.