Off The Wires

Diamond slump to widen Botswana’s deficit

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Botswana's economy would recover in 2016 but its budget deficit would also widen as revenue from diamond mining continued to deteriorate.

Molefe says SA can’t afford coal charges

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South Africa could not afford the cost of coal charged by some mining companies, said Brian Molefe, CEO of Eskom.

Sibanye warns against “scourge of illegal mining”

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Sibanye Gold said it was concerned about "the scourge" of illegal mining following an incident at its Cooke 1 shaft in which two miners are trapped.

BHP to protect balance sheet after downgrade

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BHP Billiton, the world's largest mining group, said it was committed to maintaining its strong balance sheet "through the cycle".

Rozier ends 13 year tenure at Eastplats

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Ian Rozier, CEO of Eastern Platinum, has resigned after a 13 year stint which ended with the mothballing of its South African operations.

Sibanye keen on third platinum deal

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Sibanye Gold would seek a third platinum deal as it capitalised on low metal prices, said the firm's CEO, Neal Froneman.

CoAL sets March 3 for Universal takeover vote

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Coal of Africa has set aside March 3 for a general meeting at which shareholders will vote on the firm's proposed $91m reverse takeover of Universal Coal.

Glencore ‘pleased’ with Optimum transaction

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Glencore declared itself satisfied with the terms of the sale of Optimum Coal, in which it has a controlling stake, to Tegeta Exploration and Resources.

Mosebenzi says 32,000 jobs at risk in SA mining

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Up to 32,000 jobs could be shed in South Africa's mining sector owing to the slump in the commodities and metals markets.

Zimbabwe miners can’t afford pay increases

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Mining companies in Zimbabwe could not afford wage increases in 2016 and some had agreed with employees to cut salaries in order to stay afloat.