Off The Wires

Zambia to produce 25% less copper in 2015

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Zambia will produce as much as 26% less copper this year owing to power shortages which led to output cuts.

IMF paints bleak picture for SA growth in 2016

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The International Monetary Fund has forecast economic growth of only 1.3% in 2016 - the lowest level since recession in 2009

Guinea losing patience over Simandou wait

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Guinea was losing patience with the time it is taking Rio Tinto to develop the country's Simandou iron ore deposit.

Kibo bolsters Mbeya coal project

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Kibo Mining said the net present value of its Mbeya Coal Power Project was between $214m to $219m following completion of a financial optimisation study.

ANC to urgently end BEE industry standoff

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The ANC resolved at its national general council meeting to urgently end a standoff with the mining sector over black empowerment requirements.

Glencore puts copper mines under hammer

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Glencore is to sell two copper mines producing 125,000 tonnes of copper concentrate and copper cathode, the group said.

Mick Davis’ X2 last bidder for Rio Tinto coal

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Mick Davis' X2 Resources was the last remaining bidder for control of two Rio Tinto Group coal mines in Australia.

Stockpile depletion to hit Tharisa output

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Tharisa said the decline in stockpiles at its North-West province mine would result in 'non-optimal' feed to the plant which would affect production.

Glencore hit by short sellers ‘playing’

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Glencore non-executive director, John Mack, blamed the wild swings in the Swiss firm's share price earlier this month on short sellers.

Kariba dam being exhausted by Zambia, Zim

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Zambia and Zimbabwe drew more water from the Kariba dam than requested by the Zambezi River Authority draining it to 29% of its capacity by September.