Off The Wires

Acacia lowers full-year gold output target

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Acacia Mining's full year output would match last year's of some 718,000 ounces, but lower than its target for the year of up to 800,000 oz.

Citigroup to cut coal financing projects

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Citigroup is to cut back on financing coal mining projects - a move reflective of the bank's commitment to managing environmental and social risks.

Coal strike won’t hurt Eskom, for now

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A strike in the South African coal sector would not affect Eskom's ability to supply power for at least a month.

NUM not planning coal wage talks

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The National Union of Mineworkers, which called a strike in South Africa's coal sector on October 5, did not plan to have any further talks with producers.

Zimbabwe gold firms seek rescue measures

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Gold producers in Zimbabwe have asked the government to lower royalties and power costs in order to stay in business.

Rand Club to close after 128 years

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Johannesburg's Rand Club, established in 1887 amid the gold rush that founded the city, is to shut.

Anglo ends Mozambique coal search

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Anglo American has shut its Mozambique office some 18 months after pulling out of a $380m deal to buy the Revuboe coking coal prospect in the company.

Glencore to cut 340 jobs from SA coal ops

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Glencore is to cut 240 jobs following a decision to shut its South Witbank coal mine while another 100 are at risk at the nearby Witcons coal processing plant.

SA coal sector on brink of strike over wages

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The National Union of Mineworkers is to call a strike in South Africa's coal sector after failing to win a 13% wage lift from employers who offered 8.5%.

SA in need of inland coal terminal

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South African coal miners can cut costs and improve efficiencies were its sector to develop inland terminals.