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Eastplats books $4.4m Q2 net loss but hopes high for chrome...

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EASTERN Platinum (Eastplats) said it would start producing first chrome from its Crocodile River operations in South Africa in the fourth quarter after reporting...

Kibo to buy stake in UK energy firm lifting short-term revenue...

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KIBO Energy said it had made steps to add short-term cash flow to its medium- to long-term African coal-to-power development plans following a memorandum...

Atlatsa narrows second quarter loss, restructure in place by year-end

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ATLATSA Resources, the Johannesburg-listed company that owns the mothballed Bokoni Mines in joint venture with Anglo American Platinum (Amplats), reduced the second quarter net...

SSC to spend R250m bringing Barbrook mines out of business rescue

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THE privately-held Siyakhula Sonke Empowerment Corporation (SSC), a predominantly mining services and contracting company, unveiled its first of several direct investments in the sector saying it...

PGM leads increase in total SA production and sales increases for...

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SOUTH African mining production increased 2.8% in June, representing the first time in four months annual production has improved year-on-year, said Fin24 citing data...

Counting to begin as Mali completes voting in presidential run-off

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MALI was due to start counting ballot papers after voting for a presidential runoff was completed over the weekend, mostly peacefully, said Bloomberg News. "All...

ANC proposes sovereign wealth fund capitalising on mining and fuel

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THE African National Congress (ANC) wanted to establish a sovereign wealth fund (SWF) before the next term of government with the focus of the...

South32 concludes $1.3bn acquisition of Arizona Mining

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SOUTH32 said it had completed the $1.3bn acquisition of Arizona Mining, a zinc exploration company that is developing the Taylor deposit, located in a...

Randgold not yet paying higher DRC royalties, says Bristow

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MARK Bristow, CEO of Randgold Resources, said his company was not yet paying higher royalties and taxes as required by the Democratic Republic of...

Bauba signs offtake chrome deal with $5m upfront sweetener

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BAUBA Platinum has concluded a chrome ore offtake agreement with privately-held commodity trader, Gerald Metals, and Pelagic Resources, which includes an upfront $5m cash...