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South Africa just hiked black ownership rules, miners getting crushed

By analyst By Cecilia Jamasmie Mining companies operating in South Africa, including Anglo American (LON:AAL) and Sibanye Gold (JSE:SGL) (NYSE:SBGL), saw their stock collapse Thursday after the country’s goverment increased the minimum black ownership requirement for local mines and set a 12-month deadline for them to comply with the new rules. Companies operating in the

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Chilean mining minister responds to criticism over miners’ rescue

By analyst By Valentina Ruiz Leotaud Following mounting criticism by labour unions and the public, Chile’s Mining Minister, Aurora Williams, spoke today about the government’s efforts to rescue two miners who have been trapped for six days in a flooded silver and gold mine in the southern Aysén region. Talking to the local Radio Cooperativa,

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