Off The Wires

Anglo director warns SA becoming irrelevant

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South Africa's mining industry had all but lost its relevance in the global investment ranking.

DRC, China edges to $660m hydro plant

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Chinese companies and the Democratic Republic of Congo are edging towards agreement that will see development of a $660m, 240MW hydropower plant.

Rio “not blinking” in iron ore expansion plan

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Rio Tinto lifted third quarter iron ore production 12% in a demonstration it was "not blinking" in its strategy to squeeze the market.

BHP ignores calls to shut operations

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BHP Billiton would not close down production as its rivals, including Glencore, had done because its assets were high-margin.

Keaton sustains H1 Vanggatfontein output

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Keaton Energy said first half production from its Vanggatfontein was level year-on-year and that it was progressing discussions to sell its anthracite mine.

Zim to post highest gold output in 11 years

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Zimbabwe is expected to report its highest gold output figures in 11 years, said Reuters citing the country's Chamber of Mines.

BHP hybrid suggests eyeing M&A targets

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The high coupon rate of the $6.5bn BHP Billiton is currently raising through a hybrid bond suggests the firm has specific merger and acquisition targets.

Mboweni warns against thieves in nuclear plan

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Tito Mboweni, the former Reserve Bank governor, warned against thieves that are attracted to large projects.

Zim asks chrome producers to cede claims

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Zimbabwe asked chrome mining firms to release mineral reserves to new investors, said Reuters citing the country's mines minister.

Sibanye’s Froneman optimistic on AMCU deal

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Sibanye Gold said a wage deal with the Association of Mineworkers & Construction Union was possible even though the union wouldn't engage in negotiations.