Off The Wires

ArcelorMittal SA CFO resigns

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Matthias Wellhausen has resigned as CFO of ArcelorMittal South Africa effective from March 15, the company said.

Ramatlhodi wants to build mining champion

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South Africa mines minister, Ngoako Ramatlhodi, said companies restructuring such as BHP and Anglo could help the country build a new mining champion.

Zambia debt hit by copper, elections

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Investors turned their back on Zambian debt with the country's bonds performing the worst in Africa owing to copper price weakness and upcoming elections.

Gold Fields narrowly beats gold output target

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Gold Fields said gold production, all-in sustaining costs and all-in costs would be higher than originally guided for its 2014 financial year.

IDC not planning disposal of listed assets

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The Industrial Development Corporation was not considering selling any assets as this would send it "cap in hand" to the National Treasury to cover borrowings.

Metal slump ominous for 2015 prospects

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The slump in metal prices and commodity stocks was a bad omen for 2015 where world economic growth would be scratchy at best.

Rockwell posts 9-month loss as costs rise

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An increase in production costs, related to the lower occurrence of diamonds, hit the Toronto firm's nine month figures with losses more than doubling.

Northam issues January 16 strike ultimatum

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Striking workers at Northam Platinum have until the morning shift of January 16 to report for duty or face the prospect of disciplinary measures or dismissal.

Keaton keeps beat on output growth

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Keaton Energy lifted coal output in the third quarter at both Vanggatfontein and Vaalkraantz in line with the firm's plans to turn in a stable performance this year.

SA could raise R85bn from asset sale

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South Africa's government could sell state assets worth R85bn to finance Eskom although the process would never be called 'privatisation'.