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EU Power to extend slump in 2013 on weak demand: energy markets

Posted on January 2, 2013

The slump in European power that has driven prices to record lows is showing no sign of ending as the region's second recession in four years curbs energy use.

South African labour laws discourage hiring, AngloGold CEO says

Posted on July 22, 2012

South Africa's labour laws, high training costs and a lack of skills are discouraging companies from hiring, AngloGold Ashanti Ltd. Chief Executive Officer Mark Cutifani said.

“As we look at all the things the government d…

Billionaire Rinehart says she's willing to buy back GVK shares

Posted on July 1, 2012

July 1 (Bloomberg) — Australian billionaire Gina Rinehart, who sold a majority stake in her Hancock Prospecting Pty's coal projects to India's GVK Group last year, said she is happy to buy back shares in the venture if it needs funds. “I have to…

Bullish gold bets at 4-week high

Posted on May 6, 2012

Wagers on copper increased sevenfold to 15,582, as prices slumped 2.7 percent, the first weekly drop in three. Bullish gold bets climbed 7.9 percent to 116,061, a four-week high.

Glencore said to hold conference call for bond investors

Posted on March 26, 2012

Glencore’s “aggressive financial and acquisition policy” has been a “recurring credit weakness.”