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Xstrata Coal completes sale of Mpumalang

Xstrata Coal South Africa (XCSA) is pleased to announce that it has completed the sale of its Spitzkop and Tselentis collieries and supporting coal assets, located in Mpumalanga, South Africa, to the Imbawula Group (Imbawula) for an undisclosed amount.

Sale of Putu Iron Ore Project

Afferro signs definitive sale and purchase agreement to divest interest in the Putu Iron Ore Project for a minimum of US$115 million cash consideration.

South Africa’s new coal

Jul 29th 2011 - today published a report on Universal Coal (UCL.L, LSE:UCL, LON:UCL) entitled "South Africa’s New Coal". In summary, the report says: Universal Coal is a relatively recent addition to South Africa’s mid-tier coal sector. The company

From Gem Diamonds to Petra Diamonds: Why are Diamond Miners so unloved by investors?

News that Sotheby’s, Geneva, this week set a world auction record for any diamond and any jewel raises questions over why diamond miners seem so unloved by investors. The answer, in a nutshell, is that they’re yet to fully recover from the cataclysmic market events of 2008. The signs are there, but it seems that investors need more convincing.

The Weekly Highs & Lows Market Report: Irish uncertainty triggers surge in defensive stocks

Uncertainty over the potential timing and scale of a bail-out of the Irish economy by its European neighbours continued to dominate markets at home and abroad this week. London’s FTSE 100 reached 5831 points on […]