Off The Wires

Malema to agitate for higher mines salaries

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Julius Malema's new political party, the Economic Freedom Fighters, would agitate for a basic mineworkers wage of R12,500, it has been reported.

African Barrick sued for mine deaths

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African Barrick Gold is being sued in London over deaths and injuries to Tanzanian villagers at the gold firm's North Mara mine, law firm Leigh Day & Co. said.

De Beers forecasts output of 27.9m carats

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De Beers forecast production for its 2013 financial year to be 27.9 million carats, matching the previous year's output.

Investors sceptical of Zim election

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Investors said government change in Zimbabwe could lead to fresh investment, but they were sceptical Robert Mugabe would be dislodged.

AMCU refusal creates parallel wage talks

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AMCU's refusal to hand gold industry wage talks over to the CCMA would result in parallel wage talks.

AngloGold Ashanti raises $1.25bn in bond

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AngloGold Ashanti said its corporate bond had been three times oversubscribed, enough for it to raise $1.25bn.

Fraud scandal rocks R105bn Medupi project

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A sub-contractor has been charged with fraud relating to welding work on the boilders of the R105bn Medupi power project.

Aquarius Pt to keep ops mothballed

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Aquarius Platinum said it would keep three of its mines in mothballs owing to the difficulties in the platinum market.

Miranda wins appeal over Rozynenbosch

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Miranda Minerals is to review a silver, zinc and copper prospect in the Northern Cape after successfully appealing a 2006 DMR decision it could not prospect it.

Zambia to renegotiate power agreements

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Zambia wants to renegotiate power supply agreements with mining companies such as Glencore Xstrata and Vedanta Resources.