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African Mining Market
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Furthering Africa’s Mining & Industrial Market
Furthering Africa’s Mining & Industrial Market

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Poverty, toxic water and disease as mine offers no hope of social transformation: Instead of growing hope, Zambia’s Kansanshi mine’s corporate social responsibility programme is undermining the hope of poor communities. The mine does not attach significant importance to the economic and social transformation of mining communities, and most of the company’s corporate social responsibility activities reflect a total lack of seriousness in conceptualisation, design, financing, implementation, monitoring …
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South Africa’s AngloGold posts higher full-year earnings: South Africa’s AngloGold Ashanti reported higher full-year earnings on Tuesday, boosted by lower amortisation after the closure and sale of some of its assets, and a higher income from its Kibali operations. The gold miner’s headline earnings per share (HEPS) rose to 53 cents ($0.
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South Africa’s Kumba Iron Ore 2018 headline earnings edge lower: South Africa’s Kumba Iron Ore Ltd on Tuesday reported slightly lower full-year headline earnings for 2018, due to a dip in revenue and lower sales volumes. The company, a unit of Anglo American, said headline earnings came in at 30.
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How South African mines cope with power cuts: South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed and cost the mining industry billions in lost output. Although Eskom – which supplies around 90 percent of power in Africa’s most industrialized economy – …
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Famed Cullinan mine banks on big diamonds to drive down debt: The owner of one of the world’s most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand. Petra Diamonds bought Cullinan in 2008, aiming to breathe new life into the South African mine renowned …
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Ethiopia and Djibouti sign deal to build gas pipeline: Ethiopia and Djibouti have signed a deal to build a pipeline to transport Ethiopian gas to an export terminal in the Red Sea state, officials said. Ethiopia found extensive gas deposits in its eastern Ogaden Basin in the 1970s.
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Africa Money to bankroll U.S.$3 billion Russian deal: A U.S.
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South Africa’s Gold Fields FY profit slumps as production drops: South Africa’s Gold Fields Ltd said on Friday its full-year profit slumped 73 percent, dented by a decline in bullion production led by its South Deep operations. Headline earnings per share (HEPS) fell to $0.
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South Africa’s Sibanye-Stillwater could cut almost 6,000 jobs in gold restructuring: South Africa’s Sibanye-Stillwater said on Thursday it could cut nearly 6,000 jobs as it considers restructuring its struggling gold mining operations. Gold producers in Africa’s most industrialised economy, which have some of the world’s deepest mines, have seen profits squeezed by rising costs, labour unrest and declining grades.
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Merafong, BME support learners with science lab: High school learners in two Fochville schools, Gauteng, will soon see science in a whole new light – with the launch of the Merafong Community School mobile laboratory on 13 February 2019. The initiative results from the close collaboration between the Mayor’s Office at the Merafong City Local Municipality and the leading explosives company BME, …
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