Off The Wires

Kumba HEPS to be up to 63% lower

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Kumba Iron Ore said interim headline share earnings would be up to 63% lower owing "the significance decrease in export iron ore prices".

AMCU sees gold industry wage talks return

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The Association of Mineworkers and Construction Union would return to wage talks with gold mining companies after walking out on negotiations last week

Eskom confirms equity talks with boiler suppliers

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Eskom confirmed it had offered a renewal of boiler-serve contracts to three suppliers in return for a 30% equity share in the business relationship.

Gecamines sells copper permit for $52m

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Gecamines, the state-owned base metals company of the Democratic Republic of Congo, sold a copper and cobalt exploration permit to the Chinese for $52m.

Zambia to spare mines worst of power cuts

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Zambia is to spare mining companies operating in its borders the worst of planned power rationing.

Amplats earnings aided by inventory recount

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An increase in metal inventories and higher production would help Amplats to headline share earnings of up to 950 cents compared to 60c/share previously.

Miners in survival mode as results season nears

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The world's leading mining companies were in a battle for survival with investors seeking more evidence of capital discipline before committing to the sector.

Lonmin facing refinancing challenge

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Shares in Lonmin fell under renewed pressure amid speculation the company would tap investors for cash.

Gold Fields mines 535,000 oz in June Q

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Gold Fields would report gold production of 535,000 ounces in the June quarter, roughly a 30,000 oz improvement quarter-on-quarter.

Kumba to layoff 190 jobs at Sishen, Kolomela

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Anglo American's Kumba Iron Ore is to retrench about 190 staff at its Kolomela and Sishen mines, said Solidarity.