Monday , January 23 2017

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Namibian mine sale delayed

Uranium miner Paladin Energy has warned shareholders of a delay in the completion of the sale of a 24% interest in the Langer Heinrich mine, in Namibia, to a Chinese company. The dual-listed firm is selling a 24% interest in Langer Heinrich to CNNC Overseas Uranium Holdings and up to …

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Copper prices to hit ‘rock bottom’ in next two years

Global copper markets will be oversupplied for at least two years, executives at some of the world’s major producers of the metal and traders said recently, casting doubt on the chances of a prolonged rally in prices. That tempered assessment of the market at an industry conference in Shanghai came …

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South Africa falls behind in new mine development

South Africa’s historically successful mining industry has crowded out the search and discovery of potential new mines, leaving in its wake a lack of sufficient exploration investment to seek out new orebodies. South Africa is not investing in its geological potential as much as it should be and risks falling …

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