Off The Wires

DRDGold to spend R23m on Ergo expansion

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DRDGOLD is to spend R23m expanding its Ergo gold retreatment plant by 300,000 tonnes per month to 2.1 million tonnes/month

Sibanye’s mine restarts after union pact

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Sibanye Gold said it would conduct an investigation into violence on its Beatrix mine which lost about R23m in revenue following a two-day shut-down.

Indaba an opportunity for SA mining

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The annual Mining Indaba conference was an opportunity for South Africa to show case its sector amid signs the mines minister was winning some friends early on.

Stonewall considering Johannesburg listing

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Australian gold junior, Stonewall Mining, which mines gold in South Africa's Mpumalanga province, said it was considering a Johannesburg listing.

Private equity to invest in slump: Pengilly

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Lloyd Pengilly, head of QKR, said private equity would capitalise on the continued slump in metal prices this year.

Rio to resume $20bn Simandou project

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Rio Tinto is considering resuming construction of Simandou which was halted following the outbreak of the Ebola virus in the West African region.

Namibia gem polishers on tenterhooks

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Namibian diamond polishers will only know if they can renew contracts once a new agreement with De Beers and the Namibian government is signed.

RBPlat full-year earnings up to 42% higher

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Royal Bafokeng Platinum would post up to 42% higher earnings for its 2014 financial year owing to rand weakness which lifted revenue.

Eastplats shareholders approve $225m sale

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Eastern Platinum said shareholders had "overwhelmingly" voted in favour of the sale of the company's South African platinum assets to China's Hebei Zhongbo.

Coal sector must be more competitive: Eskom

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Eskom urged the South African coal sector to become more competitive in order to contain costs which had increased a fifth per year on a compounded basis.