Off The Wires

Eskom asks for 10% power usage cut

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The South African power utility has asked industrial customers to cut usage 10% owing to multiple tripping at Majuba and Matimba.

BHP to protect dividend as prices tumble

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BHP Billiton hopes to achieve a 40% cut in capital outlays by 2016 compared to spend in its 2013 financial year as it reassures investors over its dividend.

Mining is ours so part with 51%: Chinamasa

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Patrick Chinamasa, finance minister of Zimbabwe, said the country will clarify its indigenisation laws but warned mining investors that 51% local ownership stood.

QKR studying bid for Nevsun

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QKR, which earlier this year successfully bid for AngloGold Ashanti's Navachab mine, is reportedly bidding for Nevsun Resources.

Gold industry underwater: Holland

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The global gold industry was operating at a loss including payments for debt, said Nick Holland, CEO of Gold Fields.

Second silo crack discovered at Majuba

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Union Solidarity said it had alerted Eskom to the presence of another crack at a Majuba silo - a claim strongly denied by the power utility.

Pan African loses output at Evander, Barberton

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Pan African Resources said it lost gold production this month at its Barberton and Evander gold mines following safety related closures.

Mwana to issue bond for Bindura restart

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Mwana Africa is to issue a bond to finance the restart of a smelter by its 74% owned subsidiary, Bindura Nickel.

Kumba in business review as prices tumble

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Kumba Iron Ore is reviewing its business after prices for iron ore fell to levels lower than it expected.

Curtain falls on iron ore’s big spending

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Heavy spending in iron ore production - which has topped $120bn - was now over, said BHP Billiton CEO, Andrew Mackenzie.