Off The Wires

Davis said to be studying South32 bid

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Mick Davis, founder of X2 Resources, is considering a bid for South32 which has shed half its value since its creation was first mooted.

Kenmare follows Sasol in SA repatriation

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Kenmare Resources has temporarily repatriated South African employees amid fears of reprisals for xenophobic attacks in South Africa.

Molefe Eskom role may be permanent: Brown

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Brian Molefe, acting CEO of Eskom, would be at the utility for a year, according to public enterprises minister, Lynne Brown - a statement that surprised Molefe.

Bristow heartened as DRC commits to talks

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Randgold Resources CEO, Mark Bristow, said he was heartened by the Congo's decision to restart negotiations regarding mining code changes.

Rockwell boosts Q4 sales 24%

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Rockwell Diamonds sold two stones worth more than 120 carats each which helped lift the overall average selling price of goods 24% in the fourth quarter.

Gemfields aims at ruby price lift

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UK-listed semi-precious stone company, Gemfields, said it hoped in the development of a ruby mine to replicate its success in the emerald market.

Niger to build nuclear as uranium prices fall

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Niger said it was considering building a nuclear plant to treat its own uranium resources after prices for the fuel plummeted following the Fukushima disaster.

RBPlat loses 154 hours amid Eskom curtailments

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Royal Bafokeng Platinum said it lost 154 hours in crusher activity owing to 11 installments of Eskom-drive load-shedding, but output was unaffected, so far.

Petra shares shed 10.5% after Q3 revenue hit

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The UK company said third quarter revenue was 31% lower and full-year output would be 100,000 carats below forecast at some 3.1 million carats.

Fourth renewable IPP winning bids unveiled

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Energy minister, Tina Joemat-Pettersson said her department would assist in accelerating renewable IPP and unveiled 1,121MW in newly procured renewable IPP.