Local Mining News
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GOLD and uranium miner First Uranium, whose major shareholder is Simmer & Jack, made a smaller loss in the year to March than last year as it stepped up production from its developing underground and tailings retreatment operations.
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CONTRACT ferrochrome prices for the third quarter of this year are likely to be settled 30% higher at 0,90/lb from 0,69/lb in the second quarter, driven by rising demand and costs, analysts said this week.
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 THE provisional liquidators of Pamodzi Gold’s three biggest mines were locked in debate yesterday afternoon over the merits of rival bidders for the group’s President Steyn mine in the Free State
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International Mining News
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Uranium One Announces Agreement to Acquire 50% Interest in Karatau Uranium
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CORPORATE activity in SA’s platinum sector has picked up, with the platinum price holding above 1000/oz since mid-February and above 1200/oz so far this month.
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BHP Billiton, the world’s largest mining company, agreed yesterday to a cut of about 58% in annual coking coal contract prices after demand for the steel-making material declined
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Global miner Rio Tinto may cut the size of its planned $7,2 billion issue of convertible bonds to China’s Chinalco and raise more equity via a rights issue instead, the Australian Financial Review said on Wednesday.
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PAMODZI Gold’s mothballed East Rand mines can resume full-scale production after a loan of R50m was received this week from HypoVereinsbank of Germany, says provisional liquidator Enver Motala of SBT Trust
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DEVELOPING miner Coal of Africa (CoAL) has submitted environmental reports on its Vele coking coal project near Musina to the Department of Minerals and Energy, and is continuing to schedule the start of mine development in the third quarter.
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