Off The Wires

Marange diamonds to go on sale in Antwerp

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Diamonds mined from Zimbabwe's Marange fields will be sold in Antwerp in December of January amid claims revenue from the sales finance president Robert Mugabe.

Bellzone in $865m Kalia funding talks

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Bellzone Mining said it was in talks with potential lenders for $865m to fund its Kalia iron ore project in Guinea.

IRP more flexible, puts nuclear on backburner

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An updated version of the Integrated Resource Plan found that nuclear power could wait until after 2025 and that Coal 3 would be smaller than Medupi.

Madagascar in struggle to revive mining

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Madagascar goes to national elections on December 20, but investors are wary of promises that a new leader will revive the country's mining sector.

De Beers: Don’t call synthetics a diamond

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De Beers has warned clients to be on guard against synthetic diamonds which take only hours to grow in a laboratory.

Rio to cut spending by half

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Sam Walsh, CEO of Rio Tinto, said the group would cut capital spending to $8bn in 2015 - half its outlay in the last financial year.

Mining offering value, says Re:CM’s Viljoen

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Piet Viljoen, chairperson of asset management company, Re:CM, said mining shares were offering value after a period of cost-cutting and asset write-downs.

Manganism inquiry handed to NPA

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The Department of Labour's inquiry into manganism disease at the Cato Ridge mine of Assore had been handed to the National Prosecuting Authority.

Zimbabwe miners in deadlock on wages

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Zimbabwe's main mining industry union and mining companies have deadlocked over wages with the matter likely to go to arbitration in January.

Russia ups interest in SA nuclear

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Russian has given strong indications that it will be a favourite to win nuclear power build contracts in South Africa estimated to be worth R1-trillion.