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Asia
 
COAL

Transnet, Eskom coal boost for black-controlled Exxaro Video Available

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Exxaro CEO Sipho Nkosi State enterprises Transnet and Eskom have come to the party for black-controlled Exxaro Resources in the half-year to June 30. More coal trains from State rail company Transnet to the Waterberg coalfield and a coal supply settlement with State...
21st August 2014
 
 
BASE METALS

China's MMG says zinc demand growth higher than expected

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China's MMG Ltd, owner of the world's third-biggest zinc mine, said the global deficit in the metal had increased faster than expected, spurred partly by demand growth in China to rust-proof steel for cars. The global zinc market deficit expanded...
21st August 2014
 
 
LEGISLATIVE ENVIRONMENT

India hikes royalty rates on minerals

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The Indian government has approved a sharp increase in royalty rates for 55 notified minerals which was expected to yield $1.98-billion in revenue to the provincial governments where mining operations were conducted. The Cabinet of Ministers,...
21st August 2014
 
 
COAL

Exxaro earnings rise 11%, dividend increased, coal exports soar

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Exxaro CEO Sipho Nkosi The headline earnings per share (HEPS) of the black-controlled diversified mining company Exxaro Resources increased 11% in the six months to June 30, for which it has declared an 11% higher interim dividend. The JSE-listed company, headed by CEO...
21st August 2014
 
 
DIVERSIFIED MINERS

Upbeat Glencore’s share buyback kicks off to analyst adulation

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Glencore CEO Ivan Glasenberg Upbeat diversified miner and marketer Glencore, which declared an 11% higher dividend for the six months to June 30 on the back of above-consensus half-year results, has put a $1-billion share buy-back programme under starter’s orders, which has...
20th August 2014
 
 
INVESTOR RELATIONS

Chinese paper calls for retaliation over Australia tycoon attack

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An influential Chinese newspaper called for retaliation against Australia on Wednesday after Australian mining mogul and politician Clive Palmer described China's government as "bastards" who shoot their own people. The Australian government has...
20th August 2014
 
 
MINING SERVICES

Macmahon faces trouble in Mongolia

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ASX-listed project house Macmahon Holdings on Wednesday reported it had suspended work at the Tavan Tolgoi coal mine, in Mongolia, owing to a disagreement with the client, Erdenes Tavan Tolgoi (ETT). Macmahon has been operating at the Tavan...
20th August 2014
 
 
DIVERSIFIED MINERS

South Africa gets 200-job sweetener as BHP Billiton spins out Newco

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Newco CEO-designate Graham Kerr The world’s largest diversified mining company has created sweeteners for South Africa as it demerges and sets out to create a new global metals company that will have a third of its value made up of Southern African aluminium, manganese and...
19th August 2014
 
 
DIVERSIFIED MINER

BHP profit increases to $13.4bn in 2014

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Diversified miner BHP Billiton has reported a 10% increase in profit for the full year ended June, driven by $2.9-billion productivity-led volume and cost efficiencies. The miner, which on Tuesday also announced the demerger of its aluminium,...
19th August 2014
 
 
DIVERSIFIED MINER

BHP plans to spin-out assets in new mining co

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Andrew Mackenzie Mining giant BHP Billiton on Tuesday announced plans to demerge its aluminium, coal, manganese, nickel and silver assets into an independent metals and mining company. Chairperson Jac Nasser said the proposed demerger, if implemented, would...
19th August 2014
 
 
INDIA-US COLLABORATION

India seeks US help in seismic study under energy security collaboration

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The Indian government is seeking US help in completing seismic studies across the entire sedimentary basin as part of Indo-US collaboration on energy security. Indian Petroleum and Natural Gas Minister Dharmendra Pradhan requested the help in...
19th August 2014
 
 
FOREIGN INVESTMENT

CME backs foreign investors after Palmer's attack on China

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The Western Australian Chamber of Minerals and Energy (CME) on Tuesday called on Australian politicians to ensure that Australia remained an attractive destination for foreign investment, defending the foreign investors as critical role players in...
19th August 2014
 
 
 
 
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Transnet, Eskom coal boost for black-controlled... Video
Sibanye negotiating new work shift arrangements... Video
Black-owned Merafe ferrochrome company entering... Video
Unions embrace mechanisation at Styldrift... Video
Earthquake-hit AngloGold cannot say when it... Video
Alrosa world’s largest diamond producer by... Video
Union leader speaks on labour alignment at... Video
Bushveld moving fast to enter buzzing vanadium... Video
Sibanye Gold begins intensive search for... Video
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Underground coal gasification has key... Audio
Deep-pocketed Asian investors eye... Audio
GFMS predicts new gold highs in 2010,... Audio
IFC wants to get in early on... Audio
Moly price well above $10/lb needed... Audio
Chinese investment in resources seen... Audio
Pan African seeking govt help after... Audio
Better diamond demand possible as... Audio
South Africa’s State mining company... Audio