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Tuesday, January 20, 2009.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
JSE-listed miner Harmony Gold has stopped production at a section of its Elandsrand mine, near Carletonville, after a worker died at the weekend.
Harmony's chief operating officer for the North Region, Alwyn Pretorius, stated that a fall of ground incident on Saturday morning, caused by a seismic event, had claimed the life of a rock-drill operator. The incident occurred about 2 780 m below the surface.
The section of the mine in which scoping is conducted, and where the accident happened, will not be operational for the next two days. Pretorius said that production for this section is set to resume on Wednesday. However, the rest of the operation would continue as normal.
Harmony estimated that about 20 kg of gold production would be lost for each day the mine is closed.
On Monday, gold-miner DRDGold South Africa said that its consultation process with unions to determine the future of 1 700 workers, employed at its East Rand Proprietary Mines, came to an end.
The mining company was finalising details but would make an announcement soon.
DRDGold halted underground mining at ERPM in October 2008, when pumping infrastructure couldn't cope with rising underground water levels.
The possibility of installing additional pumping infrastructure would come at a capital cost of 115-million rand. This, as well as the cost of maintaining the workforce on full pay, are beyond the financial means of ERPM.
Also making headlines:
The Randgold and JCI merger meeting is adjourned for ten days.
JSE-listed Braemore Resources issues its first production figures from the ConRoast smelter.
Two Russian tycoons plan a State-backed metals giant.
And, Chinese investors and Indian firms express interest in taking over the shut Luanshya Copper Mine.
That's a round up of news making headlines today. For more on these and other stories please visit miningweekly.com.
Edited by: Shannon de Ryhove
Creamer Media Senior Deputy Editor Polity & Multimedia
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