Off The Wires

UK miners lifted by US earnings fillip

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The fortunes of UK-listed mining companies Anglo American and Verdanta was helped by better-than-forecast earnings from Alcoa, the Canadian aluminium firm.

Sense will prevail in wage talks: Motlanthe

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Deput president, Kgalema Motlanthe, said gold industry wage demands tabled by unions were "opening gambits", and that sense would prevail in negotiations.

Rockwell benefits from better gems

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First quarter revenue increased 31% for Rockwell Diamonds which sold better quality gems into the market.

US bank to support Transnet loco deal

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The Export-Import Bank of the United States said it would support Transnet's R1.1bn purchase of 53 American-made GE locomotives.

Amplats wildcat strike at an end

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A strike at two Anglo American Platinum mines has been called off only a day after it began but there's confusion as to whether the dispute is finally ended.

Gold decline to persist in 2014: SocGen

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The price of gold would continue to trend downwards, said an analyst for Societe Generale who forecast the metal's rout earlier this year.

Keaton shares boosted on Q1 output

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Shares in Keaton Energy were boosted as the company lifted first quarter production from its Vanggatfontein mine 48%.

Tribunal approves Rio Tinto asset sale

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The sale of Rio Tinto's stake in Palabora Copper was approved by South Africa's competition authorities after conditions had been applied earlier this week.

Peace pact won’t deter unrest: analyst

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Violence between rival unions would not be quelled even if AMCU signed the peace pact as proposed by the South African government, an analyst has said.

De Beers, NUM deadlock on wage talks

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De Beers and the National Union of Mineworkers deadlocked on wage talks paving the way for strike action at the diamond producers mines.