Off The Wires

Northam credit upgraded after R6.6bn BEE deal

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Northam Platinum's credit rating was upgraded by owing to balance sheet improvements, increased output, and a three-year wage deal at Zondereinde.

Unions reject improved coal sector wage offer

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South Africa's National Union of Mineworkers would reject an improved wage offer increase tabled by the country's coal companies as it was "insulting".

Anglo next in line to take dividend pain?

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Glencore's decision to cut its next two dividend payments in measures aimed at slashing net debt may be followed by similar steps at Anglo American.

Wescoal signs 221kt deal with Eskom

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Wescoal Holdings has signed a short term contract with Eskom to supply the power utility with 221,000 tonnes of coal from Wescoal's Elandspruit operations.

CoAL to focus on financing Makhado in 2016

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Coal of Africa said it would focus on securing project finance for its Makhado coking coal project situated in South Africa's Limpopo province.

Mineworkers’ lot is improving – Zuma

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Progress had been achieved in two years improving the working and living conditions of mineworkers, said South African president, Jacob Zuma.

De Beers lowers prices to spur demand

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De Beers has lowered diamond prices 10% last month in an effort to spur demand for the flagging luxury items.

SA gold mining facing margin crunch

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South Africa's four largest gold miners were operating 35% of production at a loss, said Bloomberg News citing its own data.

Mutanda unaffected by Glencore Katanga shut

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Production at Mutanda Mining, a joint venture in the Congo between Dan Gertler's Fleurette Group and Glencore, would maintain copper and cobalt production.

Protests disrupt Amplats’ Mogalakwena mine

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Anglo American Platinum's Mogalakwena mine was operating on a skeleton staff after protests by the local community disrupted attendance.