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Mining Prospectus Mineral Minutes Bulletin

17 January 2013
Amplats' plan to shed 14 000 jobs 'shocking'
Amplats' plan to shed 14 000 jobs 'shocking'Everyone is surprised

Anglo American Platinum’s plan to shed up to 14 000 jobs has again led to industrial unrest in the Rustenburg area. Workers on Tuesday night refused to go underground, and resumed picketing outside the mines yesterday, Wednesday (16 January).

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Zimbabwe takes 51% of Zimplats
Zimbabwe takes 51% of ZimplatsWin-win partnership between Implats and Zim, says CEO

Impala Platinum Holdings, the world's second-largest platinum mining company, has signed away 51% of its Zimbabwe-based operation, Zimplats.

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Shale gas fracking solution found?
Shale gas fracking solution found?Apex announces a possible solution

Apex Management Group, LLC (AMG), an American oil field services management company, has announced what it has decribed as “a game-changing solution that dramatically reduces the cost and environmental impact" of hydraulic fracturing, more commonly known as fracking. 

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Chinese bankrolling Wesizwe Platinum
Chinese bankrolling Wesizwe PlatinumMining junior makes meaningful impact

A major hurdle for junior miners is the fact that they find it hard to acquire the finance necessary to build capacity to a point where they can acquire an existing project or execute a greenfield project. However, this was not the case with Wesizwe Platinum, a mining junior that is making a meaningful impact on the South African mining industry.

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Amplats expecting to post year-end loss
Amplats expecting to post year-end lossIllegal action results in expected loss

Johannesburg Stock Exchange-listed Anglo American Platinum has warned shareholders to expect a loss, due mostly to two months of illegal industrial action last year.

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