Off The Wires

Gold pain far from over – analyst

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Pressure on the gold price was set to continue based on the trading activity in the New York futures market in which speculators increased their bearish wagers.

Copper heads to lowest level since 2009

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The price of copper fell to its lowest level since 2009 as part of a rout that affected nearly all commodities.

Allan Gray ups stake in Pan African to 7%

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Allan Gray, an asset management firm, swam against the tide again today increasing its stake in South African gold producer, Pan African Resources, to 7%.

Mining shares endure another horror day

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Lonmin lost 11.50% on the Johannesburg Stock Exchange on a day which proved to be difficult for a host of listed companies including Kumba and Exxaro.

Operations normalised at Northam’s Booysendal

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Northam Platinum said production at its Booysendal mine in Steelpoort had been "normalised" following community protests in the area.

AMSA to post up to 30c/share interim loss

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Poor trading conditions and the costs of increased borrowings would take ArcelorMittal South Africa into a 25 cents to 30c/share interim headline loss.

AMCU gold strike could trigger violence

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A strike over pay at South African gold mines could lead to renewed violence in the country's mining sector.

South32 misses Q4 nickel output guidance

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South32 missed June quarter nickel production guidance due to labour unrest at its Cerro Matoso mine in Colombia and a drop in ore grades.

De Beers to sell more Namibian goods locally

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De Beers is to sell more of diamonds it mines in Namibia to local cutters and polishers rather than abroad.

Glencore cuts job losses at Optimum

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Glencore reduced the number of job losses at its Optimum mine to 380 employees after initially estimating 1,000 positions were at risk.