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Petra Diamonds says it reaches settlement on rights abuse claims

WorldPetra Diamonds says it reaches settlement on rights abuse claims Reuters 2 minute read Petra Diamonds (PDL.L) has reached a settlement with claimants at its Williamson mine in Tanzania who accused the firm of being responsible for widespread human rights violations including beatings and detentions, both sides said. Last year, the firm said it was investigating allegations that artisanal miners who trespassed on the firms Williamson mine in Tanzania were detained, beaten and shot at, killi...
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Indian shares pare gains as coronavirus cases surge past 21 mln

IndiaIndian shares pare gains as coronavirus cases surge past 21 mln Chris Thomas 4 minute read Indian shares trimmed early gains on Thursday as a record surge in domestic coronavirus infections fuelled worries that the second wave of the pandemic could derail a nascent recovery seen in Asias third-largest economy. The NSE Nifty 50 index (.NSEI) was up 0.06% at 14,626.85 by 0503 GMT, while the S&P BSE Sensex (.BSESN) dipped 0.06% to 48,649.57, after an early uptick led by metal stocks on strong...
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Anglo American investors approve spin-off of S. African thermal coal

AfricaAnglo American investors approve spin-off of S. African thermal coal Reuters 1 minute read The logo of Anglo American is seen on a jacket of an employee at the Los Bronces copper mine, in the outskirts of Santiago, Chile March 14, 2019 REUTERS/Rodrigo Garrido/File Photo Anglo American plc (AAL.L) said on Thursday shareholders had approved the spin-off of its South African thermal coal business into a new company, paving the way for its listing in Johannesburg and London next month. If the...
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South African miner Sibanye-Stillwater posts 78% profit jump

AfricaMiner Sibanye-Stillwaters first-quarter core profit jumps 78% Reuters 2 minute read Mine workers employed at Sibanye Golds Masimthembe shaft operate a drill in Westonaria, South Africa, April 3, 2017. REUTERS/Mike Hutchings South African miner Sibanye-Stillwater (SSWJ.J) on Thursday posted a 78% increase in first-quarter core profit, driven by higher metals prices and improved operational performance. High prices for metals extracted by Sibanye, including gold, platinum, palladium ...
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Chilean mining chief warns royalties bill in current form 'akin to expropriation'

AmericasChilean mining chief warns royalties bill in current form akin to expropriation Fabian Cambero 3 minute read Chiles National Mining Society (Sonami) has warned that a royalty project being discussed in Congress proposes levels of taxation that are "akin to expropriation" and would paralyze investment in the Andean nation. The plan, which proposes a progressive tax of at least 3% on copper and lithium sales, is driven by opposition-party legislators as a way to fund more expansive govern...
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