Off The Wires

Kumba to post one fifth earnings fall

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Kumba Iron Ore would post a one fifth decline in interim earnings but said it was taking further actions to rein-in costs.

NUM to fight Lonmin job cut plan

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The National Union of Mineworkers said it was "extremely shocked" by Lonmin's plans to cut up to 3,500 jobs, adding that it would fight the move.

Randgold posts 16% fall in Q1 profit

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Profit from mining fell 16% to $143.9m for the first quarter partly on the back of a week's disruption at the firm's Mali gold mine, Loulo.

Glasenberg blames share price on rivals

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Ivan Glasenberg, CEO of Glencore, said the oversupply of metals by the company's rivals was behind the Swiss firm's own share price weakness.

Unions playing game of “who blinks first”

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Rivals AMCU and NUM may seek the strategic advantage of submitting their wage demands to gold and coal employers last, said a Johannesburg lawyer.

Glencore SA coal output surges in Q1

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Glencore reported a 4% increase in first quarter coal production to 35.6-million tonnes with the improvement put down to expansions in South Africa

Acacia gets green light for Gokona expansion

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UK-listed Acacia Mining expects the Gokona underground extension will sustain production at North Mara at 250,000 ounces a year.

Chile order would not hit Los Bronces output

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AN order by Chile's SMA environmental regulator that Anglo American shut a waste dump at its Los Bronces mine would not affect copper production.

Impala, Lonmin start shaft closure talks

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Impala Platinum and Lonmin had started negotiations with unions regarding closing unprofitable shafts.

CoAL kept waiting on R250m Mooiplaats deal

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Coal of Africa said it had given Blackspear Capital until end-June to provide proof of funding for the R250m purchase of the Mooiplaats colliery.