Off The Wires

Glencore to cut capex, copper falls 3%

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Glencore's industrial capital expenditure ceiling for 2015 is expected to be $6bn, down from $6.5-$6.8bn announced in February.

Davis Committee recommends no windfall taxes

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South Africa should not consider additional taxes for the country's mining sector, but a revamp of its gold tax mining regime was advisable.

NUM declares dispute with SA gold firms

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Attempts to reach a wage deal in South Africa's gold sector failed today after unions rejected a repackaging of the final offer submitted on July 30.

Low-rated African countries face sky-high bonds

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African countries producing commodities but with lowly rated sovereigns could be pushed by a lack of investment support into taking up sky-high bonds.

SA to review new visa regulations: Zuma

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South Africa will review recently applied visa regulations that require visitors to provide biometric data before they could enter the country.

NUM may declare dispute in coal wage talks

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The National Union of Mineworkers said it may call a dispute in coal industry wage negotiations with the Chamber of Mines.

Kibo Tanzania coal project improves margin

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The net present value of Kibo Mining's Mbeya Coal to Power Project had improved to $244m following completion of a pre-feasibility study into the project.

SA platinum output to fall 600,000 oz in 2016

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South African platinum production would fall by 16% in 2016 and 2017 as capital investment in the sector declined, said the World Platinum Investment Council.

Ownership of mines may revert to whites

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SA's mining sector may fall under the complete control of whites if empowerment targets were not perpetually set a 26% target in the mining charter.

Eskom to borrow $1.6bn from bond market

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South African power utility, Eskom, will borrow more than R2bn ($1.6bn) from the domestic and international bond market.