Off The Wires

Zwane appointment could unseat wage talks

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The appointment of Mosebenzi Zwane as South Africa's new mines minister could unseat progress made in gold industry wage talks.

Congo approves Kamoa stake sale to Zijin

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The Democratic Republic of Congo approved the sale of a 49.5% stake in the Kamoa copper project by Ivanhoe Mining to Zijin Mining Group.

BHP’s Mackenzie pay cut 43% in 2015

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BHP Billiton CEO Andrew Mackenzie's remuneration fell 43% this year following weakness in the commodity market that saw the group's profits tumble.

Anglo unveils SA board appointments

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Anglo American said it had appointed Koosum Kalyan and Rams Ramashia to the board of its South African company.

Diamond jewellery demand flat for 2015: Mellier

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Global diamond jewellery demand for 2015 would be "relatively flat" compared to 2014, said De Beers CEO, Philippe Mellier.

Zambia ‘open’ to Mopani job cuts

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Edgar Lungu, Zambia's president, could accept job cuts at Glencore's local unit, Mopani Copper Mines, provided a balance was struck.

Strikes cost SA R6bn in wages in 2014

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Strikes cost South Africa R6bn in wages in 2014, lower than the previous year despite a record five-month strike in the mining sector.

Glencore, Anglo hammered as dive continues

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Shares in Glencore and Anglo American fell under fresh pressure amid evidence of China's slow-down renewed investor worries.

CoAL concludes Yishun share placement

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Coal of Africa has completed a share placement and loan agreement with China's Yishun Brightrise Investment raising a combined $24m for its Makhado project.

Safety stoppages cost SA mining R13.6bn

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South Africa's mining industry lost an estimated R13.6bn in revenue since 2012 owing to safety stoppages.