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LMI 52.15 -1.65 (-3.07%)
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Platinum wealth holds no shine for people left in the dust
Lonmin Plc, the world's third-largest platinum producer, which has a market capitalisation of about R19.5-billion, mines the metal under the Bapo's land.
Nautical accepts Cairn buyout offer
Nautical Petroleum (NPE) has accepted a buyout offer from Cairn Energy (CNE) with a cash value of �414 million. Cairn is offering 450p per share in the independent oil and gas explore.
Miners hit by coal glut as prices tumble
Edward Muller, chief executive of GenOn Energy, a Houston-based utility, took an unusual decision a few weeks ago: he decided to declare force majeure on coal purchases.
Barrick replaces CEO in board shake-up
Barrick Gold has ousted Aaron Regent, its chief executive, in an abrupt management shake-up aimed at reversing the slide in the share price of the world's largest gold miner.
Questions over tycoon's Congo mines role
The Congolese government has confirmed that Dan Gertler, an Israeli businessman who started off in diamonds, is linked to two offshore companies that paid $6m for oil rights in some of Africa's most promising drilling areas.
Are global bond funds a good place to be?
Bonds have assumed increasing importance in investors' portfolios recently, creating a need for further diversification from sterling-denominated issues.
Fertiliser industry warns of surplus
The global fertiliser industry faces a large surplus as new production plants come on stream after a $90bn investment spree triggered by the commodities boom.
Three Months to Save the Euro: George Soros
Euro-zone governments have around three months to ensure the survival of the single currency, billionaire investor George Soros said in a speech on Saturday.
South African Union Fight Threatens Platinum Producers
Now AMCU says it may call a fresh strike at the mine to gain the right to deal with the company and it's recruiting at the mines of Anglo American Platinum Ltd.
South Africa's ANC Targets Mining Taxes in Policy Meeting
Any attempt to extract more revenue from mining companies such as Impala Platinum Holdings Ltd. and Lonmin Plc risks undermining an industry battered by rising wage costs, power shortages and a global economic slowdown.