Off The Wires

Rio’s Walsh won’t be distracted by Glencore

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Sam Walsh, CEO of Rio Tinto, said the group would not be distracted by talk Glencore would resume plans to merge with the company.

Zambia party election illegal: Scott

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Guy Scott, acting leader of the Patriotic Front, said the election of justice minister, Edgar Lungu as the party's presidential candidate was illegal.

Chow Tai Fook to seek diamond mines

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Chow Tai Fook, the world's largest listed jeweller would seek investments in diamond mines to secure long-term supply.

Swiss vote down gold holding proposal

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Gold was sent to a three-week low after 73% of votes in a referendum rejected a proposal that at least 29% of Switzerland's $538bn balance sheet be held in gold.

Aquarius completes $27m Kruidfontein deal

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Aquarius Platinum said it had completed the sale for $27m of its indirect interest in the Kruidfontein prospecting right to Pilansberg Platinum Mines.

Kgadima PetroSA appointment rescinded

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The appointment of Tshepo Kgadima as chairman of PetroSA has been rescinded following controversy about his coal mining dealings.

Brown calls for patience with Eskom

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Public Enterprises minister, Lynne Brown, urged South Africa to show patience with Eskom which was faced with the task of fixing itself.

Lonmin reaches BEE targets

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Lonmin concluded three empowerment deals which lifted black ownership in the company 8% and helping it to meet the 26% target set down by government.

Ramaphosa completes sale of Shanduka

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Cyril Ramaphosa, South African deputy president, has sold its direct share in Shanduka, a diversified investment house with interests in coal and platinum.

Guinea puts Simandou out to tender

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Guinea has put the rights to the Simandou iron ore prospect, formerly owned by BSG Resources and Vale, out to tender with ArcelorMittal and Glencore interested.