Off The Wires

SA will have another Marikana, says Vavi

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Zwelinzima Vavi, former general-secretary of Cosatu, said the country could have another Marikana massacre unless living conditions for workers were improved.

Zambia starts repaying $600m in VAT refunds

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Zambia has started paying $600m claimed in VAT refunds by miners after relaxing a law requiring exporters to produce import-export documents.

Burkina Faso adopts new mining codes

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Burkina Faso has passed a new mining code in which it will abolish a 10% tax break on mining company profits.

Value investor sticking by mining stocks

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The decline in mining stocks in Johannesburg was creating opportunities for value investors, said RE:CM, an asset management company.

Eskom may turn to debt markets: Brown

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Eskom would seek more loan finance if it was successful in winning a tariff increase from the National Energy Regulator of South Africa.

Ferrochrome rolled over in Q3, says Merafe

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Merafe Resources said there had been a rollover in the ferrochrome price in the third quarter.

Aurora directors personally liable for R1.7bn

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Khulubuse Zuma and Zondwa Mandela, and three other directors of Aurora, must pay R1.7bn in liabilities incurred at two mines bought from Pamodzi Gold.

Guinea signs infrastructure deals for bauxite

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Guinea has signed infrastructure sharing agreements with two mining firms in an effort to accelerate the development of bauxite mines in the west African country.

Kenya to devise 20-year mining plan

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Kenya has retained McKinsey & Co to help it design a 20-year mining plan that will revive its nascent industry.

DRC should keep to transparency pledge

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The DRC should keep to its pledge to improve transparency by reporting terms of a mineral rights sale to Glencore's Mutanda Mining, said the Carter Centre.