Off The Wires

BEE rules becomes heated: Mabena

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Government should apply the 'once-empowered, always-empowered' principle because the mining sector was cyclica, said Vusi Mabena of the Chamber of Mines.

Plans for platinum Mandela coin hatched

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Derek Engelbrecht, the outgoing marketing director of Impala Platinum, said he would break down bureaucracy in an attempt to have a platinum Mandela coin launched.

Lonmin BEE still subject to discussion

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The Bapo ba Mogale community in Rustenburg had not rejected an empowerment proposal from Lonmin, the platinum producer has said.

Platinum tax will punish Zim industry

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A 15% levy on unrefined platinum from Zimbabwe would make the platinum industry uncompetitive, the country's Chamber of Mines told a parliamentary committee.

Congo exceeds Zambia in copper output

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CRU Group said copper production from the Congo exceeded Zambia for the first time in 2013 and that both countries would significantly increase production in 10 years.

Ten more illegal miners found dead

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The bodies of more illegal miners were found at an abandoned gold mine shaft west of Johannesburg.

Platinum strike eases Eskom pressure

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The platinum strike has eased the pressure on Eskom with the utility saying there had been a 17% decline in electricity demand.

Gemfields exceeds best ever gems sales

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Gemfields CEO, Ian Harebottle, said the company produced its best ever revenue figures with still four months to run of its financial year.

Absence of Q4 strikes shows SA potential

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The absence of major strike activity in the fourth quarter saw the South African economy grow 3.8%, according to the statistic office.

Congo may grow 8.7% as copper output grows

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The Congo's economy may grow 8.7% this year on the back of record copper production, according to the International Monetary Fund.