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S.Africa’s rand firms vs dlr, strikes still a worry

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* Bonds retreat, yields edge up * Wage strike talks collapse JOHANNESBURG Oct 11 (Reuters) - South Africa's rand edged up against the dollar on Thursday on tentative hopes of a resolution to the strikes that have wreaked havoc particularly in the key mining sector in the past two months. But no firm agreements have emerged from the wage talks yet, which may keep … [Read more...] about S.Africa’s rand firms vs dlr, strikes still a worry

UPDATE 1-Brazil’s Vale starts copper production at Zambia mine

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RIO DE JANEIRO Oct 11 (Reuters) - Brazil's Vale SA said it has begun producing copper concentrate at its Lubambe mine in Zambia. Production at the mine, which began on Oct. 4, is expected to lead to an annual output of 45,000 tonnes of concentrate, the company said in a securities filing on Thursday. Copper concentrate is a raw version of commercial copper that is … [Read more...] about UPDATE 1-Brazil’s Vale starts copper production at Zambia mine

Golf-Australian O’Hern takes command at CordeValle

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Oct 11 (Reuters) - Australian Nick O'Hern recorded six birdies in a sizzling seven-hole stretch on the way to a commanding three-shot lead in Thursday's opening round of the Frys.com Open in San Martin, California. Left-hander O'Hern, who has to win a PGA Tour title after seven full seasons on the U.S. circuit, fired a flawless nine-under-par 62 to equal the course record … [Read more...] about Golf-Australian O’Hern takes command at CordeValle

S.Africa’s gold output up in Aug, platinum down

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JOHANNESBURG Oct 11 (Reuters) - South Africa's gold output rose 0.4 percent in volume terms in August while total mineral production increased 0.8 percent compared with the same month last year, Statistics South Africa data showed on Thursday. Production of platinum group metals fell 1.9 percent, while output of non-gold minerals rose 1 percent, the statistics agency said. … [Read more...] about S.Africa’s gold output up in Aug, platinum down

S.Africa’s PPC appoints gov’t official as next CEO

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JOHANNESBURG Oct 11 (Reuters) - South African cement maker PPC Ltd said on Thursday it had appointed a former government official with experience in private equity as its next chief executive. PPC said Ketso Gordhan will join the board of the company on Nov. 1 and take over from outgoing Chief Executive Paul Stuiver on Jan. 1. PPC said Gordhan previously worked for … [Read more...] about S.Africa’s PPC appoints gov’t official as next CEO