Sherilee Bridge
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/ 10 December 2007

De Beers’s R1bn sale of mine moves forward

De Beers Consolidated Mines’s R1-billion sale of its Cullinan diamond mine in Pretoria to the Petra Diamonds Cullinan Consortium has taken an important step forward with Monday’s announcement that the Department of Minerals and Energy has agreed to convert the old-order mining right held by De Beers into a new-order mining right.

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/ 3 December 2007

China closes in on SA as world’s top gold producer

Emerging global superpower China may snatch South Africa’s crown as the world’s top gold producer this year. South Africa has thus far managed to hold on to the crown, but China, which has established itself as the world’s second-largest gold producer after seven years of continued growth, now looks set to overtake South Africa in the production stakes.

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/ 12 November 2007

BHP Billiton not giving up on Rio Tinto

The world’s biggest resources group, BHP Billiton, on Monday piled pressure on Rio Tinto to take another look at its proposed $153-billion all-scrip merger by pitching the benefits of the merger to analysts and shareholders. Marius Kloppers, CEO of BHP Billiton, said the combination would unlock value that is otherwise unavailable.

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/ 25 October 2007

Strike ends at Sasol Mining in Secunda

A 12-day-long strike at Sasol Mining in Secunda has come to an end with both Sasol and employees represented by the newly recognised United People’s Union of South Africa trade union agreeing that work would resume on Thursday afternoon. An estimated 2 000 employees embarked on the strike almost two weeks ago.