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Keaton boosts 2013 thermal coal output

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Keaton Energy said production at its flagship Vanggatfontein colliery improved 58% in its 2013 financial year, a period characterised by strikes and power supply problems.

Davis appoints Goldman Sachs

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Mick Davis has appointed Goldman Sachs to assist him in creating a private equity company, according to report in the Sunday Times.

SA carbon tax baffles critics who look to EU

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The National Treasury's second policy paper on carbon taxes comes at a time when the European governments are relenting on taxes in order to stimulate their economies.

Harmony rings in austerity cuts worth R1.8bn

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Harmony aimed to slice R800m off corporate and operating costs and a further R1bn would be cut from the development bill of its Wafi-Golpu project in 2014.

Amplats may revisit restructuring plan

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Anglo American Platinum may revisit its restructuring plans with potential job losses as low as 5,000 compared to an earlier plan that would have seen 14,000 retrenchments.

Randgold growth untroubled by gold ‘correction’

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Mark Bristow, CEO of Randgold Resources, said the gold market had corrected and would lead to better businesses while his firm's own growth plans were undisturbed.

Glencore Xstrata is just the beginning, analysts say

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The $30bn combination of Xstrata and Glencore was only the beginning of CEO Ivan Glasenberg's acquisition plans, analysts said.

SA platinum output unlikely to rebound

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Platinum production would be constrained by labour strife, said Thomson Reuters GFMS which added that a failure to restructure would hurt the platinum price.

Zambia set to detail foreign exchange law

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Zambia was days away from unveiling long-awaited legislation that will force foreign mining firms to give account of foreign exchange earnings.

Aquarius’ R1.25bn Booysendal deal on the brink

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It's been two years since Northam Platinum agreed to sell Aquarius Platinum 31 million ounces contained in Booysendal South in which time DMR approval has been pending.