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Martin Czernowalow

AngloGold Ashanti cuts hedge by 2,2m oz Restricted

The world's second-largest gold producer cut some 2,2-million ounces, or 69 t, of gold from its hedge book during the fourth quarter of last year, as part of a drive to actively manage its hedge positions, and based on a strong outlook for the...
By: Martin Czernowalow
Published on 28th January 2005

Gold-miner to cash in on uranium bull-run Restricted

South African gold-miner AngloGold Ashanti is currently working to increase its uranium production capacity to cash in on the by-product, which is currently being buoyed by positive global market fundamentals, the company revealed at its financial...
By: Martin Czernowalow
Published on 28th January 2005

Rail deal opens door for big SA iron-ore push Restricted

South African transport utility Transnet and diversified metals and mining company Kumba Resources yesterday jointly announced that they have signed a heads of agreement regarding a new contract for the transportation and handling of iron-ore from...
By: Martin Czernowalow
Published on 27th January 2005

Dec gold quarter seen better, but pressure remains Restricted

As the ailing South African gold-mining sector is gearing up to begin reporting fourth-quarter financial results this week, some analysts are predicting an overall improvement in the industry's performance, but have also warned that miners have...
By: Martin Czernowalow
Published on 25th January 2005

Harmony still confident Norilsk deal holds Restricted

South African gold-miner Harmony yesterday brushed aside speculation that it may lose the support of Russian mining giant Norilsk Nickel in its bid to take over bigger rival Gold Fields.
By: Martin Czernowalow
Published on 20th January 2005

Still no date for Northam inquest Restricted

With the completion of the Department of Minerals and Energy's (DME) report into an underground fire at South Africa's Northam Platinum, which claimed the lives of nine mineworkers last September, it is not clear when a formal inquest would be...
By: Martin Czernowalow
Published on 20th January 2005

New mine-water treatment process launched Restricted

A South African-developed solution to treat acid mine water drainage was yesterday launched by the East Rand Water Care Company (Erwat) and Petrex's Grootvlei Proprietary Mines, and will be used to treat extraneous water pumped by the gold-mine in...
By: Martin Czernowalow
Published on 19th January 2005

Anglo American may sell Kumba stake – analysts Restricted

South African mining giant Anglo American could soon sell its majority stake in Kumba Resources over Kumba's loss of a $1,3-billion Australian joint-venture project, analysts say.
By: Martin Czernowalow
Published on 18th January 2005

Govt reinstates ERPM pumping subsidy Restricted

Century-old marginal gold-miner East Rand Proprietary Mines (ERPM), which was facing certain closure in recent months, has received yet another reprieve, with government agreeing to partially reinstate the company’s water-pumping subsidy for...
By: Martin Czernowalow
Published on 14th January 2005

'Coal's negative effects often overstated' Restricted

Reacting to recent media reports about the environmental implications of coal combustion, Minerals Bureau chief mineral economist: coal and hydrocarbons Xavier Pr
By: Martin Czernowalow
Published on 14th January 2005

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