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Harmony Gold CEO Graham Briggs
Picture by: Duane Daws
Harmony Gold CEO Graham Briggs

GOLD

‘Don’t panic’ says exposed, unhedged Harmony on rand gold price slump

By: Martin Creamer
Published: 2nd July 2009, 15:40
The strengthening South African currency is decimating the price of gold in rand terms, at a time of rising energy costs and robust wage demands. “But, the important thing is not to panic,” says Harmony Gold CEO Graham Briggs, whose totally unhedged gold-mining company is currently still fully exposed to the price of gold in South African currency. Full Article
Video Available
 

MINING FINANCE

Resources pullback exacts R20bn-plus toll on IDC's capital base

The sharp pullback in mining and resources shares over the past year exacted a severe toll on the value of the Industrial Development Corporation's (IDC's)... Full Article

SA MINING

ANC rejects call to nationalise mines

South Africa's ruling ANC party dismissed a call from the party's youth wing on Thursday to nationalise the country's mining and manufacturing industries in... Full Article

COPPER & GOLD

Ivanhoe shares surge

Updated 5 hours ago
Shares in Ivanhoe Mines, which hopes to develop the giant Oyu Tolgoi copper/gold mine, in Mongolia, jumped 24% on Thursday, after partner and shareholder Rio... Full Article

BULK COMMODITIES

Cliffs cuts '09 iron-ore sales outlook

Cleveland-based Cliffs Natural Resources has lowered its expectations for sales of iron-ore pellets from its North American operations, on continued... Full Article

ARGENTINA

Yamana's Gualcamayo mine nears commercial production

Updated 3 hours ago
Operations continue to ramp up at Yamana Gold's Gualcamayo operation, in the San Juan province of Argentina, and the mine is expected to achieve... Full Article

MINE SAFETY

277 miners die in SA in past year - Minister

Some 277 workers have died in South African mines in the past year, almost half of them in illegal operations, Mineral Resources Minister Susan Shabangu... Full Article

Latest Videos

Videos
IDC's Abel Malinga discussing the challenges faced by the African Mining industry. 25.06.2009 Cameraperson: Nicholas Boyd. Editing: Darlene Creamer
IDC's Abel Malinga...
 Harmony Gold CEO Graham Briggs told Mining Weekly Online’s Martin Creamer that his company can give the stricken Pamodzi Gold Free State assets a ten-year-plus additional life. Cameraperson: Nicholas Boyd. Video editor: Darlene Creamer. (01/07/2009)
Harmony Gold CEO...
 Nersa regulator member Thembani Bukula discusses its proposed investigation into Eskom's primary energy costs (Videographer: Nicholas Boyd; Editing: Darlene Creamer)
Nersa regulator...
 
 
 
The reigning global recession and credit crunch are exerting heavy pressure on the... Full Article
The world’s fifth-largest gold-mining company Harmony Gold was in a position to... Full Article
The National Energy Regulator of South Africa (Nersa) would conduct an... Full Article
 

Second Take

Video Available
Creamer Media’s Shannon O’Donnell speaks to Mining Weekly editor Martin Creamer about diversified miner Xstrata’s ‘merger of equals’... More
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Daily Podcast

Podcast
In today's podcast, the ANC dismisses a call from the party's youth wing to nationalise the country's mining and manufacturing industries; Harmony... More
Podcast
 
 

SAfm RADIO SHOW

Podcast
In this broadcast: South Africa's satellite has arrived in Russia to prepare for its launch into space in August; a huge billing challenge awaits... More
Podcast
 

Real Economy Report

Video Available
This is the Real Economy Report. Our top stories this week:We discuss solar photovoltaic technology for Africa; we look at the role of the South... More
Podcast
 
 
 
 
 
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Real Economy Report & Second Take
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Real Economy Report & Second Take

Video
RER 66
Multimedia Available2nd July 2009

Real Economy Report

This is the Real Economy Report. Our top stories this week:We discuss solar photovoltaic technology for Africa; we look at the role of the South African Air Force in stimulating the country’s technology base; and, a US company announces a world first for the South African mining industry.
Video
Creamer Media’s...
Multimedia Available26th June 2009

Second Take: The Xstrata-Anglo merger talks

Creamer Media’s Shannon O’Donnell speaks to Mining Weekly editor Martin Creamer about diversified miner Xstrata’s ‘merger of equals’ proposal with rival Anglo American.
Video
RER 65
Multimedia Available25th June 2009

Real Economy Report

This is the Real Economy Report. Our top stories this week: in the aftermath of the Air France Airbus disaster, we look at South Africa's ability to conduct an over-ocean search and rescue operation; the construction industry needs better health and safety statistics; and Gold Fields launches a R550-million housing project.
Video
Creamer Media's...
Multimedia Available19th June 2009

Second Take: An update on First Uranium in SA

Creamer Media’s Shannon O’Donnell speaks to Mining Weekly senior contributing editor Keith Campbell about uranium producer First uranium.
Video
RER 64
Multimedia Available18th June 2009

Real Economy Report

This is the Real Economy Report. Our top stories this week: we talk to new Science and Technology Minister Naledi Pandor; we speak to the World Energy Council secretary general; and we look at the role of the South African Institute of Electrical Engineers in the Twenty-first century.
 

Videoclips

Video
IDC's Abel Malinga...
Multimedia Available3rd July 2009

Mining sector hard hit by 
global economic squeeze

The reigning global recession and credit crunch are exerting heavy pressure on the country’s mining industry, its key export earner, says Industrial Development Corporation (IDC) strategic business unit head Abel Malinga.
Video
Harmony Gold CEO...
Multimedia Available1st July 2009

Harmony Gold can give Pamodzi Free State ten-year-plus life – CEO

The world’s fifth-largest gold-mining company Harmony Gold was in a position to give the provisionally liquidated Pamodzi Gold Free State a life of ten years plus, Harmony CEO Graham Briggs told Mining Weekly Online on Wednesday. Briggs said that what was needed in the Welkom area was long-term profitable operation and Harmony, which had already been selected as the preferred bidder for the stricken Pamodzi Gold Free State assets, was without doubt the company able to do that in a manner that national patrimony demanded.
Video
Nersa regulator...
Multimedia Available25th June 2009

SA regulator to probe power utility’s primary energy costs

The National Energy Regulator of South Africa (Nersa) would conduct an investigation into Eskom’s primary energy costs, and specifically the cost of coal, to establish the “prudence of the costs”, chairperson Collin Matjila reported on Thursday. This comes as respondents to Eskom’s latest 34% tariff application, as well as to the 2008 tariff application, had called for an investigation into the high coal costs incurred by the power utility.
Video
Wood Mackenzie and...
Multimedia Available19th June 2009

Long shipping distance, limited rail capacity cited as snags to SA coal exports to Asia-Pacific Rim

There is significant opportunity for South Africa’s coal industry to export to the Asia-Pacific Rim countries, and especially to India, if the country is able to provide the quantities and qualities required, Wood Mackenzie consultant Xavier Prevost said at the Geological Society of South Africa’s coal exploration conference.
Video
Engineering...
Multimedia Available19th June 2009

Preventing machine failure through laser shaft alignment equipment

Vibration monitoring and laser shaft alignment technology is being supplied by machine condition monitoring systems company Engineering Dynamics (ED) to several mines around South Africa to prevent machine failure.
 

Company Profiles

Video
TauTona - Deep mine.
Multimedia Available1st October 2008

TauTona deep mine video

TauTona mine is one of the world's deepest working mines.
Video
Astra Trucks
Multimedia Available28th August 2008

Astra Trucks

The official importer and distributor of the Astra HD8 range of heavy duty trucks is Autumn Star Trading 758.
Video
BMG
Multimedia Available28th August 2008

Bearing Man

The Bearing Man group is an inspirational success story, growing from humble beginnings as a modest bearings shop in Durban, opened by husband and wife team Greg and Lorelle Till in 1974, to one of Africa’s leading distributors of dynamic engineering consumable products.
Video
Elidz Profile
Multimedia Available28th August 2008

East London IDZ

The Industrial Development Zone (IDZ) programme is part of an initiative by the government to encourage export oriented growth in South Africa. This initiative is driven by the Department of Trade and Industry to encourage sub regional economic growth and job creation.
Video
Goodyear
Multimedia Available28th August 2008

Goodyear Engineered Products SA

Established in October 1915, Goodyear Engineered Products (GEP) SA operates from Port Elizabeth and Johannesburg, with a manufacturing plant in Uitenhage.
 

Daily Podcast

Video
podmw_02072009
Multimedia Available2nd July 2009

Daily podcast - July 2, 2009

In today's podcast, the ANC dismisses a call from the party's youth wing to nationalise the country's mining and manufacturing industries; Harmony Gold is in a position to give the provisionally liquidated Pamodzi Gold Free State a life of more than ten years.
Video
podmw_01072009
Multimedia Available1st July 2009

Daily podcast - July 1, 2009

In today's podcast, PwC says that mining companies have some difficult decisions to make if they are to reduce costs and protect margins in the prevailing economic environment; and China's steel industry is willing to accept term iron-ore prices from global miners slightly below those offered to Japanese steel mills.
Video
podmw_30062009
Multimedia Available30th June 2009

Daily podcast - June 30, 2009

In today's podcast, Sylvania Resources propose a R2,9-billion merger with Ruukki of Finland, and Xstrata ays that "nil-premium" mergers may not be possible without the cooperation of the intended partner.
Video
podmw_29062009
Multimedia Available29th June 2009

Daily podcast - June 29, 2009

In today's podcast, Anglo American builds its defences against a £41-billion merger approach from Xstrata by planning talks about a major Chinese investment; and Harmony Gold says that the mining assets of the provisionally liquidated Pamodzi Gold Free State have the potential to add 150 000 oz/y to its capacity.
Video
podmw_26062009
Multimedia Available26th June 2009

Daily podcast – June 26, 2009

In today's podcast: the interim increase in electricity tariffs would add an additional R2-billion in costs to the South African mining industry; and about four Indonesian investors are interested in taking over a coal project owned by BHP Billiton.
 

SAfm Show

Video
podpol_26062009
Multimedia Available26th June 2009

On-The-Air (26/06/09)

In this broadcast: South Africa's satellite has arrived in Russia to prepare for its launch into space in August; a huge billing challenge awaits the introduction of the new toll road system being introduced in Gauteng; and the water supply to Durban is going to be improved with a R700-million pipeline.
Video
podsafm_19062009
Multimedia Available19th June 2009

19/06/2009 (On-The-Air)

In this broadcast: South Africa’s wind energy capacity could be 300 MW by 2012, a new study indicates; large-scale solar-power projects may be included in South Africa’s renewable energy plans; Mozambique after experiencing war for decades and now peaceful is beginning to realise its rich agricultural potentia
Video
podsafm_12062009
Multimedia Available12th June 2009

12/06/2009 (On-The-Air)

In this broadcast: The Brazilian defence force is showing an interest in buying South Africa’s locally developed pilotless aircraft expertise; European banks are helping Eskom to fund the huge boilers for South Africa’s new Medupi power station; Investment in mining in Mozambique has risen eightfold in the last five years. Phenomenal numbers.
Video
podsafm_05062009
Multimedia Available5th June 2009

On-The-Air (05/06/09)

In today's broadcast: a new microdot technology is available that puts car thieves on the spot; the determination of the world to reduce its carbon footprint may lift the price of palladium; and Zimbabwe is taking steps to attract billions of dollars of investment in its neglected mining sector.
Video
podsafm_29052009
Multimedia Available29th May 2009

On-The-Air (29/05/09)

In this broadcast: South Africa's new Trade and Industry Minister says he's anxious to bring South Africa's worrying de-industrialisation process to a halt; buy Africa is the advice of two top Asian analysts who are forecasting the strong new economic twinning of Africa with Asia; and the launch of South Africa's Sumbandila satellite has been delayed yet again, this time to August.
 
 
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