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/ 29 January 2008

Mines get down to business

Anglo Platinum, the world’s largest platinum producer, on Wednesday said it was able to operate its mines at full capacity with 80% of its power needs. Spokesperson Trevor Raymond said the company’s smelting and refining operations remained in standby mode.

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/ 25 January 2008

SA mines shut down as power crisis worsens

South African gold producers and the world’s biggest platinum miner suspended production at all their mines in the country on Friday due to a power crisis, helping send precious metal prices to new highs. Shares in most of the affected firms dived as the government said the power cuts were ”a national emergency”.

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/ 25 January 2008

Power failures a ‘national emergency’

South Africa’s rolling power failures are a ”national emergency” but economic growth can continue at healthy levels if energy is used more efficiently, Public Enterprises Minister Alec Erwin said on Friday. ”It is clear that we are running our power system at utilisation levels that are overstretching maintanance,” Erwin said.