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Diversified Miners News

New diamond mine

15th November 2002 Name of the project and location New diamond mine, Zimbabwe. Project description The development of a multi-million dollar opencast diamond-mine in the south-west of Zimbabwe. The deposit at Murowa, 50km south of Zvishavane, boasts two-medium sized pipes and a small one. Value $35-million.... 

State, miners must honour agreements – Davison

14th November 2002 The recently-announced broad base socio-economic charter could be implemented successfully within the South African mining industry, provided that the scorecard reduces uncertainty of value leakage and bankability. 

Antimony, coal lift miner’s earnings

14th November 2002 South African miner, Metorex, reported that its results for the quarter ended September 30 showed a substantial 325% increase from the previous year in attributable earnings, which translated into a 230% increase in headline earnings per share, following the additional 18-million shares issued in... 

Mining group in hydraulics empowerment deal

13th November 2002 The business development arm of resources giant Anglo American concluded its twelfth black empowerment transaction for the year yesterday when it announced a deal with Hi-Quip Hydraulics. 

Botswana denies link between gems and resettlement

13th November 2002 Gem giant De Beers has welcomed the statement by Botswana President Festus Mogae, recently that “the programme of assisted relocation of the Basarwa (Bushmen) from areas of the CKGR was in no way related to any plan, real or fictitious, to commence diamond mining in the CKGR”. 

$34m expansion planned for Disputada smelter

By: Terence Creamer     12th November 2002 The Chilean mining unit of Exxon Mobil Corp plans a $34 million expansion and technical upgrade of its Chagres smelter, a Chilean newspaper reported Monday. 

EU approves De Beers distribution model

12th November 2002 The European Commission on Monday approved a plan by diamond giant De Beers to overhaul its distribution system of more than $4 billion of diamonds a year, giving customers more flexibility. 

Platinum major buys stake in fuel-cell unit

11th November 2002 Mining giant Anglo Platinum has announced that it has acquired a 17,5% stake in Johnson Matthey Fuel Cells, the fuel-cell components subsidiary of speciality chemicals company Johnson Matthey. 

Mining group to seek organic growth in petroleum

11th November 2002 The world's largest diversified miner, BHP Billiton, said on Friday it was unlikely to make a major petroleum corporate acquisition unless it was strategically compelling. 

BEE gold-miner pursues organic growth

By: Deborah Spicer     8th November 2002 Acquisition and organic growth should ensure that the world’s tenth-largest gold producer is able to sustain its production targets, set at a million ounces for this year and the next, in the long term. 

Platinum miner in talks with BEE group

8th November 2002 The world's largest platinum producer, Angloplat, said yesterday it was in talks with a black consortium to develop a new mine on one of its project areas in South Africa's Limpopo province. 

Marikana resettlement project

8th November 2002 Name of the project and location Marikana Platinum Mine. Farm worker Resettlement Project, North West Province. Project description Voluntary relocation of 300 farm worker and mine worker households. Temporary relocation of some families out of the initial mining area Temporary relocation of a... 

Giant may lose Canada diamond race to minnow

7th November 2002 A tiny Canadian exploration company could just beat diamond giant De Beers to open Canada's third diamond mine. 

Strike ends at Bafokeng Rasimone

6th November 2002 South Africa's Anglo American Platinum said yesterday a five-day strike at its small Bafokeng Rasimone mine had ended, after it won a court injunction forcing the employees back to work. 

Heavy minerals explorer signs zircon sales contract

5th November 2002 Natural resources exploration and mining group, Kenmare Resources, has announced that it has signed its second off-take contract, an agreement to sell zircon from its Moma Titanium Minerals Project in Mozambique. 

Mining giant will struggle to meet costs target

5th November 2002 The world's largest diversified miner, BHP Billiton, said yesterday it would be a challenge to deliver a promised $500-million in cost savings over the next three years. 

Miner’s troubled HBI plant back in the black

5th November 2002 Diversified miner BHP Billiton said yesterday its troubled Western Australian hot briquetted iron (HBI) plant was "generating some black ink" but would not be a large contributor to profits. 

Saldanha and Qingdao sign sister agreement to promote iron-ore exports

5th November 2002 South African Mining group, Kumba Resources, reached another milestone when a delegation from Qingdao Port, in China, signed a cooperative agreement with the Port of Saldanha. 

New diamond-mine mooted for Zimbabwe

By: Martin Zhuwakinyu     5th November 2002 The Rio Tinto Zinc (RTZ) group's Zimbabwean subsidiary is finalising a study to confirm the feasibility of developing a $35-million opencast diamond-mine in the south-west of the country, in what is viewed as President Robert Mugabe's government's latest triumph in its drive to attract foreign... 

The Kimberley process: will diamonds' brightness defeat the darkness?

By: Keith Campbell     4th November 2002 Remember the hysteria about 'blood diamonds'? Back in the year 2000 the propaganda against the diamond trade by non-governmental organisations (NGOs) and activists, aroused by the human cost of the wars raging in Angola, the Democratic Republic of Congo (DRC) and Sierra Leone, had reached such a... 

Dikulushi project

1st November 2002 Name of the project and location Dikulushi project, Democratic Republic of Congo (DRC). Project description Development of the infrastructure required for the development of the Dikulushi deposit, which will treat ore at a rate of 250 000 t/y and produce 35 000 to 40 000 t/y of concentrate,... 

Longest two-way conveyor system commissioned

By: Joanne Delaurentis     1st November 2002 South Africa’s longest dual-carry, two-way conveyor system has been installed and commissioned at Anglo American’s Namakwa Sands East mine, on the Cape West Coast. 

$2bn copper projects awaiting board approval

By: Martin Zhuwakinyu     1st November 2002 Resources giant BHP Billiton’s base-metals division is analysing copper projects worth nearly $2-billion, which, if they come to fruition, will guarantee the group’s continued status as a significant producer of the metal. 

Local area network project

1st November 2002 Name of the project and location Local area network (LAN) project, Gauteng. Project description IT-firm Computer Sciences Corporation in South Africa has won a contract to manage the re-engineering of the LAN of international resources giant BHP Billiton’s Johannesburg office. Value... 

Resources giant rejects aluminium worries

1st November 2002 The world's largest diversified miner BHP Billiton said yesterday that rising global aluminium smelter capacity would not cause a problem for the company, which has two smelter expansion projects under way. 

The Kimberley process: will diamonds' brightness defeat the darkness?

By: Keith Campbell     1st November 2002 Remember the hysteria about “blood diamonds”? Back in the year 2000 the propaganda against the diamond trade by non-governmental organisations (NGOs) and activists, aroused by the human cost of the wars raging in Angola, the Democratic Republic of Congo (DRC) and Sierra Leone, had... 

Resources group rejects UN plunder allegations

1st November 2002 South African mining giant Kumba Resources, the mining division of Iscor which was unbundled into a separately-listed company in November 2001, has categorically denied UN allegations that the company has violated ethical, transparency or human rights guidelines set by the Organisation for... 

New diamond-mine mooted for Zimbabwe

By: Martin Zhuwakinyu     1st November 2002 The Rio Tinto Zinc (RTZ) group’s Zimbabwean subsidiary is finalising a study to confirm the feasibility of developing a $35-million opencast diamond-mine in the south west of the country, in what is viewed as President Robert Mugabe’s government’s latest triumph in its drive to... 

Mining group hurt by weak commodity prices

31st October 2002 The world's largest diversified miner, BHP Billiton, posted a six percent fall in first quarter profit today, hurt by weak commodity prices, and warned of a still difficult market. 

St Helena purchase completed

30th October 2002 The joint venture company of ARMgold and Harmony, Free Gold, yesterday announced that all the remaining conditions precedent to the acquisition of the St Helena mine from Gold Fields, have been fulfilled. 

Anglo appeals against IDC’s inclusion in Tribunal hearing

By: Martin Czernowalow     30th October 2002 The Competition Tribunal merger hearing, regarding Anglo American’s purchase of large stakes in Anglovaal Mining and Kumba Resources, will not take place in early November, following an appeal lodged by Anglo American. 

Platinum giant plans R30bn SA capex

30th October 2002 World number one platinum producer, Anglo American Platinum said yesterday spending on expansion projects in South Africa would likely top R30-billion ($3-billion) over the next few years. 

SA iron-ore group signs deal with Chinese port

30th October 2002 South African iron-ore giant, Kumba Resources has announced an extension to its agreement with the Qingdao Port Authority for the handling and use of iron ore stockpile facilities at Qianwan Port, in the city of Qingdao in Northern China. 

Big project push from resources giant

By: Zonika Botha     29th October 2002 A number of the world’s largest resources group’s mining projects are well under way. 

Multi-commodity group’s Q1 profit seen at $546m

29th October 2002 The world's largest diversified miner, BHP Billiton, is expected to post a fall in first quarter profits on Thursday, hurt by weak commodity markets and unfavourable exchange rate movements. 

SA resources firm reports better earnings

29th October 2002 South Africa's largest iron ore producer, Kumba Resources, reported a leap in net operating profit for the September quarter as higher iron ore export sales helped offset a lower price and a rise in distribution costs. 

Miner mulls counterbid for coking coal firm

28th October 2002 Mining giant Anglo American is considering whether to trump Sherritt International's $1-billion hostile bid for Canadian coking coal firm Fording, the UK's Business newspaper said on Sunday. 

Moz aluminium expansion ahead of schedule

28th October 2002 Resource giant BHP Billiton's expansion of the Mozal 2 aluminium smelter in Mozambique is ahead of schedule, with full production expected by the end of 2003, the company said last week. 

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