Off The Wires

Anglo urged not to issue shares for cash

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Anglo American's largest shareholder has urged the UK group not to buckle to pressure by refusing to issue shares for cash.

Zimbabwe sets March indigenisation deadline

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Zimbabwe imposed a March deadline for all foreign companies to submit new indigenisation compliance plans.

Thermal coal trade starts year warily

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Thermal coal prices started 2016 warily with physical cargo values of about $50/t and futures testing $40/t for the first time since 2003

Employee killed at Mimosa Platinum mine

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Aquarius Platinum said an employee at the Mimosa Platinum mine in Zimbabwe had been killed whilst working underground.

Mali to exceed 40 tonnes gold output in 2016

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Mali produced 50 tonnes of gold in 2015 to consolidate its position as Africa's third-largest producer and expects to increase output this year.

Tanzania to sell shares in power utility

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Tanzania is to sell shares in its power utility to the public this year and split it into separate generation, transmission and distribution units.

Glencore bullish on China demand for metals

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Demand from China would drive commodities consumption in the long term, said John Mack, a director for Glencore.

Tanzania may turn to fossil fuels amid drought

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to hydropower as a result of a crippling drought is forcing Tanzania to consider sourcing energy supply from fossil fuels.

Mining billionaires incur heavy losses in 2015

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The decline in commodity prices wiped millions of dollars off the net worth of the world's mining billionaires including Glencore CEO, Ivan Glasenberg.

Conde appoints mining exec. as prime minister

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Guinea's president Alpha Conde on Saturday appointed mining executive Mamady Youla as the country’s prime minister.