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/ 14 February 2005
World number one platinum-miner Anglo Platinum (AngloPlat) on Monday announced that it has reduced its refined platinum target for its 2006 financial year to between 2,7-million ounces and 2,8-million ounces (oz) from its previous target of 2,9-million oz. The group aims to produce 2,6-million oz of platinum in 2005.
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/ 10 February 2005
Diversified mining group Kumba Resources is willing to participate not only in the financing of rail infrastructure but also the operation of the rail system for the transport of its iron ore and coal products, if necessary. If Kumba does get involved in the financing, it will result in an adjustment to the rail tariff it pays, Kumba CEO Dr Con Fauconnier said.
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/ 9 February 2005
The bid by gold miner Harmony Gold for rival Gold Fields is "under water" and history shows that such a hostile offer has never succeeded, Gold Fields chief executive officer Ian Cockerill said on Wednesday. "In the history of hostile takeovers, 100% of all bids that are under water have never been successful," he said.
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/ 9 February 2005
Canadian junior miner Platinum Group Metals, or PTM, is hoping to start mining platinum in South Africa within five years, PTM CEO Michael Jones said this week at the Mining Indaba. PTM’s key asset is its joint venture with world number one platinum-miner Anglo Platinum (AngloPlat).
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/ 9 February 2005
For the moment, world number one diamond-miner De Beers has no plans to move the venue of its main sight from London where its marketing arm, the Diamond Trading Company, has its headquarters, De Beers group MD Gary Ralfe said on Tuesday.
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/ 8 February 2005
The desire of the South African government is that world number one diamond miner De Beers move its marketing arm, the Diamond Trading Company, from its base in London to Southern Africa, South African Minister of Minerals and Energy Phumzile Mlambo-Ngcuka said on Monday.
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/ 4 February 2005
World number six gold-miner Harmony Gold on Friday said it intends to serve its unions and staff associations with notices of compulsory restructuring over the next two weeks. Harmony said it will be issuing Section 189 notifications, which will result in the start of the legally required 60-day review period.
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/ 3 February 2005
The South African gold-mining industry has been in a period of decline over the past 10 years and further consolidation of the sector is a logical move, such as the proposed merger of Harmony and Gold Fields, Harmony chief executive Bernard Swanepoel said on Thursday.
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/ 28 January 2005
World number six gold miner Harmony Gold on Thursday announced that it has elected to waive the minimum acceptance condition — that it secure 50,1% of Gold Fields stock — in terms of its subsequent offer to Gold Fields shareholders. "As a consequence, the subsequent offer has been declared unconditional as to acceptances," Harmony said.
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/ 27 January 2005
Trade union Solidarity said on Thursday afternoon, after an emergency meeting with oil and chemicals group Sasol, that it has agreed to be part of the internal investigation following the explosion at Sasol’s Natref plant in Sasolburg on Wednesday. Seventeen people were injured in the explosion, Solidarity said.