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By Charlotte Mathews |
December 19, 2008
Mining companies, labour and the government have agreed to look at ways to avoid retrenchment with the collapse in commodities prices having already put thousands out of work.
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By Charlotte Mathews |
December 19, 2008
The share price of mining services and coal group Sentula plunged 47% to 455c yesterday when it resumed trading after a three-month suspension.
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By Charlotte Mathews |
December 18, 2008
Anglo American yesterday became the latest of the world's top international resources groups to slash capital spending and defer new projects in response to sharp falls in commodity prices.
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By Charlotte Mathews |
December 18, 2008
Second-largest global resources group is expanding, and intends to increase its investment in copper in Africa.
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By Charlotte Mathews |
December 17, 2008
The loss of up to 2000 more jobs at Aquarius Platinum's Everest mine will bring the number of likely job cuts in the mining industry to more than 14,000 in the past six months.
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By Charlotte Mathews |
December 15, 2008
Diversified minerals company Metorex would make big changes, including appointing a board oversight committee and new top management, it said on Friday after disclosing unexpectedly two weeks ago that it needed a R3 billion refinancing package.
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By Charlotte Mathews |
December 12, 2008
The withdrawal of Aflease Gold's cautionary notice this week was a formality required by the JSE and did not imply there would be no financial effect on the company as a result of its two recently announced transactions, says CEO Neal Froneman.
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By Charlotte Mathews |
December 12, 2008
Copper, nickel and uranium explorer Kiwara Resources thinks it has found world-class deposits at its Zambian concession but will have to develop at a less aggressive pace than before because of market conditions, chairman Colin Bird said yesterday.
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By Charlotte Mathews |
December 11, 2008
BHP Billiton kept the door open to the possibility of cutting back its aluminium production this week, as the price of aluminium traded on the London Metals Exchange dropped to a five-year low.
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By Charlotte Mathews |
December 11, 2008
Brian Gilbertson's Pallinghurst Resources has come to the rescue of Toronto-listed Platmin with a $125 million investment that will enable Platmin to complete its platinum mine near Rustenburg.