Off The Wires

Guinea to build $2bn hydroelectric dam

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Guinea was in talks with China International Water & Electric Corporation to build a $2bn hydroelectric dam that would boost its bauxite mining ambitions.

Congo’s Kabila warned against clinging to power

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Leading parties in the Congo's ruling coalition have warned President Joseph Kabila against violating the constitution by hanging on to power beyond 2016.

Guptas deny coal to Eskom failed quality tests

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The Gupta family has denied it coal it supplied to South African power utility, Eskom, had failed four quality tests as reported by the Sunday Times.

Ramatlhodi not obliged to consult Radebe

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SA mines minister, Ngoako Ramatlhodi, said he was "not obliged' to consult Bridgette Radebe, a 26% shareholder in mines owned by Total Coal South Africa.

Pallinghurst still intent on platinum IPO

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Pallinghurst Resources said it remained confident about the platinum market and would consider listing its Sedibelo Platinum Mines.

Anglo sells Chile copper assets for $300m

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Anglo American completed the $300m sale of its Chile copper assets, Mantoverde and Mantos Blancos, taking the disposals of non-core assets in 2015 to $1.9bn

Chinese followed Zambia law in Baluba closure

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CNMC Luanshya Copper Mines followed Zambian law when it closed the Baluba mine sending more than 1,600 workers on forced leave.

Moody’s affirms Glencore credit rating

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Moody's affirmed its Baa2 ratings on Glencore but changed the outlook to negative owing to the risk of prolonged difficulties in the metals markets.

Zambia’s Yaluma to hold Mopani talks

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Zambia's government would start discussions with Mopani Copper Mines about retrenchments planned by the copper producer's parent company, Glencore.

AngloGold bondholders take up offer

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Holders of nearly two-thirds of the most expensive bond on AngloGold Ashanti’s books took up its offer to sell out early, easing the company’s debt burden.