Off The Wires

Lucara diamond named ‘Lesedi La Rona’

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Lucara Diamond Corporation said it had named the 1,111 carat diamond recently discovered at its Karowe mine in Botswana Lesedi La Rona.

Northam issues R250m in notes to IDC

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Northam Platinum has raised R250m through the issue of medium-term notes to the Industrial Development Corporation.

DRDGold to post interim share earnings lift

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DRDGold is to report a significant uplift in interim share earnings owing to higher gold production, the company said.

Private equity investment up 57% in 2015

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Private equity invested $3.15bn in mining projects last year, a 57% increase in value over 2014, according to law firm Berwin Leighton Paisner.

Alecto signs JV with Randgold in Mali

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Alecto Minerals said it had signed a joint venture with Randgold Resources to conduct a prefeasibility study on its Kossanto West Gold Project in western Mali.

Miners rescued at collapsed Vantage gold mine

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75 miners of some 78 trapped underground since this morning at the Lily gold mine in Mpumalanga province have been brought to surface.

RBPlat earnings hit by R2.89bn write-down

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The slide in the basket price of platinum group metals hit Royal Bafokeng Platinum hard which took a charge on the carrying value of its assets.

Glencore holding gun to head: Molefe

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Eskom CEO, Brian Molefe, felt as if Glencore was holding "a gun to his head" in coal contract negotiations.

Anglo risks eviction from FTSE 100 Index

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The 76% decline in the shares of Anglo American could see the UK firm ejected from the benchmark index in March.

Optimum will need “lots of hard work”: Howa

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It would require "lots of hard work" to drive value from Tegeta Resources & Exploration's R2.15bn takeover of Optimum Coal, said director Nazeem Howa.