Off The Wires

CoAL of Africa posts basic loss per share

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Coal of Africa reported a basic loss per share of 22.2 US cents for the year ended June 2010 from a loss of 3.55 cents a year ago.

Metorex raises Q3 copper output

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Diversified mining group Metorex reported a 13% increase in September quarter copper production.

Harmony Gold launches into Papua New Guinea

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Hidden Valley, Harmony Gold Mining's first offshore greenfields project, is strategically important for the company said Harmony CEO Graham Briggs.

Sallies posts diluted headline loss

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Fluorspar miner Sallies reported a diluted headline loss per share of 8.7 cents for the year ended June 2010 after a headline profit per share of 2.3 cents a year ago.

Petersen replaces Oppenheimer at De Beers SA

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Nicky Oppenheimer, executive chairman of the De Beers Consolidated Mines, has retired from his position and will be replaced by acting-CEO Barend Petersen.

Jubilee expects headline earnings to rise 35pct

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Jubilee Platinum on Tuesday advised that it expected its full year headline earnings per share to be between 15% and 35% higher.

Wesizwe H1 headline loss widens

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Wesizwe Platinum reported the widening of its first half headline loss to 6.25 cents a share from 2.56 cents a share previously despite the swing in profit for the period to a R334.8m.

Solidarity settles with Northam but NUM continues

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Trade union Solidarity signed "a favourable" wage agreement with Northam Platinum following a second round of wage negotiations between trade unions and the company.

Wesizwe expects H1 basic loss

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Wesizwe Platinum expects to report basic earnings per share of between 49 cents and 51 cents for the six months ended June 30, 2010, compared to a basic loss per share of 2.55 cents previously.

Potash drags BHP to court over hostile bid

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Canadian firm Potash Corporation filed legal court documents in a US District Court in an attempt to fend of a hostile $39bn bid made by resource giant BHP Billiton.