Off The Wires

ARM, Amplats Modikwa drilling halted

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African Rainbow Minerals and Anglo American Platinum stopped drilling at a second site at its Modikwe Platinum Mine owing to community opposition.

Ramaphosa to stay in ‘unregulated’ industry

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Cyril Ramaphosa will establish blind trusts to manage extant investments in unregulated industries while selling investments in regulated industries to the Pembani Group.

Zuma cabinet criticised for inexperience

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The appointments of Ngoako Ramatlhodi and Tina Joemat-Pettersson as minerals and energy minister respectively showed political expedience dominated economic reform.

Zim may soften indigenisation law

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Zimbabwe may tone down its indigenisation legislation that currently asks the platinum sector to part with control of assets they own in the country.

Trans Hex to post 73% lower earnings

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The termination of an agreement with joint venture contractors and strike activity hit Trans Hex badly in its 2014 financial year with net profit falling about 73%.

Malawi election impasse won’t stop rail

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A 237km railway linking Vale's Moatize mine with the port of Nacala, both in Mozambique, would not be interrupted by election problems in Malawi.

Zimbabwe says gems to be sold to Govt.

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A letter from Zimbabwe's mines secretary, Francis Gudyanga, instructs the country's diamond producers to sell their gems to the government so it can raise a loan.

Rio’s Rossing to cut more jobs

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Rio Tinto's Rossing Uranium, a miner in Namibia, is likely to cut more jobs in order to cope with reduced demand and lower mine grades.

Platinum strike hurting growth: Treasury

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Director-general of the National Treasury, Lungisa Fuzile, said the platinum strike was hampering South Africa's economic growth.

Public Protector to investigation mine pollution

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South Africa's Public Protector is to investigate claims of water pollution by some of the country's mining companies.