Off The Wires

Northam Pt earnings up to 70% higher

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Northam Platinum said year end earnings would be as much as 70% higher owing to higher prices and increased metal sold.

CRG seeking $7.25m in private equity deal

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Central Rand Gold is hoping it can raise $7.25m in a deal with Chinese private equity group Redstone Capital.

Platinum fund may have been looted

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A fund for the upliftment of a community near Marikana may have been looted, according to an investigation by Scopa.

Earthlife protests against Anglo coal plan

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Earthlife Africa marched on the Johannesburg premises of Anglo American protesting against a planned power station and coal mine for the Limpopo province.

Pressure grows in Zim on platinum miners

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Zimbabwe has reiterated its view that it will not pay for mines in the country in terms of its proposed indigenisation strategy.

Overhaul job grading, says NUM’s Baleni

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NUM leader, Frans Baleni, said that he is seeking the removal of job grading, a long-standing issue that would help ease tensions among miners.

SA needs R60bn to R90bn in new coal mines

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SA could start to feel the impact of Eskom's coal deficit as early as 2015 - but by 2020, the country will need R60bn to R90bn new coal mines, a study has found.

Coal as strategic mineral damaging: EIUG

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Declaring coal a strategic resource would heavily damage the industry, said Mike Rossouw of the Energy Intensive Users Group.

Paladin shares hit as seeks debt reduction

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Shares in Sydney-listed Paladin Energy fell the most in 13 years as it sought to shore up its heavily indebted balance sheet.

Former Lonmin boss calls for mechanisation

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Brad Mills, the former CEO of Lonmin, said South Africa's platinum sector should have followed a long-term strategy of investing in mechanisation.