Off The Wires

Vale to cut iron ore prices by 10pct

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Vale, the world's largest iron ore miner, confirmed it would be cutting its average iron ore prices by 10% in October.

Palabora sells 26% to BEE group

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-- SOUTH Africa's largest copper miner Palabora Mining Company said on Monday it is to sell 26% of its operations to a broad-based...

Zimbabwe should scrap indigenisation law

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A law requiring foreign owned firms to sell majority stakes in their business should be scrapped, an industry official has said.

SA port woes trouble Indian coal buyers

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Indian coal buyers are avoiding shipping from the Richards Bay Coal Terminal, put off by much slower bunker fuelling and higher bunker prices.

Chinese firm to run Zambia’s Luanshya

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The Zambian government has chosen China's NFC Africa to run its Luanshya Copper Mines due to reopen in May.

Gold slips, fresh demand low

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Gold slipped on Friday following US data and fresh demand for physical gold remained scarce, analysts said.

SA electricity demand to hot up

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Electricity demand is expected to increase in South Africa as the winter approaches but is unlikely to cripple the country's mining sector.

Guinea mine collapses, kills 13

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At least 13 artisanal miners have died in Guinea after a mine where they were digging for gold collapsed, the Guinea government said.

Vale in iron ore export crisis

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Brazilian miner Vale declared force majeure on iron ore it was contracted to deliver on the domestic market after flooding on a key train line.