R/€ = 16.76 Change: 0.00
R/$ = 14.64 Change: 0.01
Au 1184.72 $/oz Change: 7.82
Pt 786.75 $/oz Change: 5.92

Diversified Miners News

Base metals turnaround boosts group’s results

11th September 2002 Mining giant Anglo American surpassed market expectations and its global rivals yesterday by posting only a small dip in half-year earnings, despite a profit slump in its main platinum business. 

Group’s platinum-share purchases to continue

By: Terence Creamer     11th September 2002 Natural Resources giant Anglo American has increased its position in Anglo Platinum (AngloPlat) to around 65% and has also defended the legitimacy of the share-purchase programme in light of proposed changes to the South African mining law, as well concerns from minority investors. 

Dikulushi project (heavy minerals project)

6th September 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,... 

Kumba projects overview

6th September 2002 Name of the project and location Kumba projects overview. Worldwide. Project description Newly-formed South African resources company, Kumba Resources, has released details of 17 projects currently at various stages of development within Kumba. Four relate to the group’s main business or... 

IDC seeks R200-million from resources giant for pre-emptive

By: Terence Creamer     6th September 2002 Talks are under way between Anglo American and the State-owned Industrial Development Corporation (IDC) in a bid to resolve a dispute over the IDC’s claim on Kumba Resources shares now in the possession of the mining giant. 

New mining cadaster developed, South Africa to be re-explored

By: candice haase     6th September 2002 In the wake of the introduction of the Mineral Resources and Petroleum Development Bill, the Council for Geoscience has assisted the Department of Minerals and Energy (DME) in the development of a new mining cadaster for South Africa. 

Geographical info system compiled for platinum giant

By: candice haase     6th September 2002 The compilation of a geographical information system (GIS) is being coordinated for platinum giant Anglo Platinum by Johannesburg-based GIS management and geological consulting company Geo Consult International. 

R3m government grant received

By: candice haase     6th September 2002 At the beginning of this year, the Platinum Development Initiative (PDI) was awarded a government grant, through the Department of Arts, Culture, Science and Technology, of over R3-million for its second three year project. 

Global company commits to employment equity

By: Martin Creamer     6th September 2002 Total commitment to achieving employment equity in the workplace has been publicly stated by global mining giant BHP Billiton. 

S African resources group's 17-project pipeline unveiled

By: Terence Creamer     6th September 2002 Newly-formed South African resources company, Kumba Resources, has released details of a multi-commodity project pipeline, which is designed to help grow its iron-ore, coal, base-metals and heavy-minerals businesses and diversify its geographic spread. 

Mine charter looms as SA giant prepares to report

5th September 2002 Mining giant Anglo American is set to report lower first-half profits next week, but the big issue facing Anglo is its prospects in South Africa, where the state wants blacks to have a bigger stake in mining. 

No agreement in Chile copper-mine tax dispute

4th September 2002 Chile's government said on Monday it failed to reach an agreement with Exxon Mobil, in a top-level meeting, to resolve tax and legal disputes that have snagged Exxon's $1,3-billion sale of mining assets. 

Gem giant seeks to diversify resource base

By: Keith Campbell     4th September 2002 South African diamond giant De Beers has reaffirmed its determination to diversify its resource base away from Southern Africa. 

Marine mining vessel chartered to diamond project

3rd September 2002 South African diamond miner Trans Hex has entered into a short-term charter contract with De Beers Marine to provide a deep-water mining vessel to conduct diamond-sampling activities off the Namibian coast. 

Chilean lawmaker sues over copper-mine tax evasion

2nd September 2002 A Chilean lawmaker lodged a criminal suit in Santiago on Thursday against US oil giant Exxon Mobil, for alleged tax infractions, in a worsening row over Exxon's planned $1,3-billion sale of mining assets. 

SA resources firm signs zinc joint venture in China

2nd September 2002 South African miner Kumba Resources said on Thursday it had signed a joint-venture deal to expand and operate a zinc refinery and smelting operation in Inner Mongolia in China. 

Hope Downs iron-ore project

30th August 2002 Name of the project and location Hope Downs iron-ore project, Pilbara District, Western Australia. Project description Technical feasibility study for the construction of a new mine to produce up to 25 million tons a year of high grade Marra Mamba iron ore (for an initial period of 20 years), for... 

Collahuasi copper-mine

30th August 2002 Name of the project and location Collahuasi copper-mine, Chile. Project description The expansion of operations at the fourth-biggest copper mine in the world, Collahuasi copper mine, in the far north-east of Chile. Value $650-million. Duration Not stated. Description of main contracts Still in... 

Resources giant to announce empowerment deal

30th August 2002 Global diversified miner Anglo American and South Africa's mining minister will announce a black people's participation deal today, an Anglo spokeswoman said. 

...strategic review of projects under way

By: Terence Creamer     30th August 2002 The world’s leading platinum producer, Anglo Platinum (AngloPlat), was undertaking a 'complete strategic evaluation' of its expansion project portfolio, which was designed to lift its yearly production to 3,5-million ounces by 2006. 

Waterval project (platinum project)

30th August 2002 Name of the project and location Waterval project, Rustenburg, Limpopo Province. Project description The Rustenburg Waterval project will add 395 000 oz of platinum to Anglo Platinum’s yearly production. The project consists of R160-million on additional infrastructure at existing shafts,... 

Styldrift joint venture (platinum project)

30th August 2002 Name of the project and location Styldrift Joint Venture, North West Province. Project description Anglo Platinum and the Royal Bafokeng Nation (RBN) are to develop the Styldrift and adjoining Boschkoppie property, near Rustenburg in the North West Province, into a 485 000 ounce per year platinum... 

Platinum major backs waste-management empowerment

30th August 2002 Anglo Platinum announced yesterday that it will outsource the entire waste management function, at its Rustenburg Platinum Mine, in a significant black empowerment deal. 

Gem miner to empower through procurement

By: Martin Zhuwakinyu     30th August 2002 Diamond-mining giant De Beers this year intends to outsource goods and services worth R170-million to small and medium-sized businesses owned by previously-disadvantaged people, up from R80-million in 2001. 

Diamond giant seeks to diversify resource base

By: Keith Campbell     30th August 2002 SOUTH African diamond giant De Beers has re-affirmed its determination to diversify its resource base away from Southern Africa. 

SA iron-ore giant poised for growth

By: Irma Venter     30th August 2002 Currently the world’s fourth biggest seaborne trading iron ore producer, South Africa’s Kumba Resources is positioning to grow its global position. 

Kalbasfontein (coal project)

30th August 2002 Name of the project and location Kalbasfontein mine, Mpumalanga, South Africa. Project description Kumba Coal are looking to develop their new Kalbasfontein mine and to determine ways in which to optimise the profitability of the resource. The small high-quality mine delivers a million tons of... 

Platinum giant signs landmark wage deal

By: Martin Czernowalow     28th August 2002 A wage agreement between South African mining giant Anglo Platinum and eight unions has been hailed as a “historic triumph”, by both the mine’s management, as well as union representatives. 

Marikana platinum project on track for 2002

28th August 2002 Australian platinum miner Aquarius Platinum reports that all major construction contracts are in place for the Marikana Project, with completion before the end of 2002. 

Commissioning of gem treatment plant well advanced

28th August 2002 A mere 29 months after project approval and 23 months since construction started, work on the De Beers Kimberley Mines Combined Treatment Plant (CTP) is nearing completion and commissioning is well advanced with the first material scheduled for treatment by the end of this month. 

Gem giant, parks authority in conservation deal

27th August 2002 Gem giant De Beers and South African National Parks (SANParks), signed an agreement on Friday, which will see the integration of parts of the De Beers-owned Venetia Limpopo Nature Reserve (VLNR) into the core of the proclaimed Vhembe/Dongola National Park, in the Limpopo province in South Africa. 

Titanium miner, tribal authorities sign accord

26th August 2002 Titanium miner, Richards Bay Minerals (RBM), this month signed a Memorandum of Agreement with tribal chiefs, Inkosi M.M. Dube and Inkosi M.J. Mkhwanazi for the Zulti South mining operation. 

Xolobeni project (heavy minerals project)

23rd August 2002 Name of the project and location Xolobeni project, South Africa. Project description The development of the Xolobeni deposit, on the south east coast of South Africa, including a new smelting operation. Value R225-million. Duration The prospecting permit was extended until 2004. Description of... 

Zimbabwe platinum rush despite political uncertainties

By: Martin Zhuwakinyu     23rd August 2002 Conventional wisdom has it that a country shunned by the World Bank and the International Monetary Fund might as well forget about receiving any significant foreign direct investment flows. 

Chile wants $300m tax from copper-mine sale

23rd August 2002 The Chilean government said on Wednesday it had sent a bill to Congress to ensure ExxonMobil pays an estimated $300-million in taxes on the sale of its Chilean mining subsidiary. 

Refinery employs interparticle crusher

23rd August 2002 The Anglo Platinum Rustenburg base metals refinery has selected a Rodax inter-particle crusher for its reduction ratio of up to 100:1. 

Resource projects to proceed despite a global slowdown

By: Martin Zhuwakinyu     23rd August 2002 Diversified resources group BHP Billiton has indicated that the new projects worth $2,9-billion approved during the last 12 months will definitely go ahead, despite concerns about the global economy. 

Expansion on the cards for zinc refinery

By: vanessa vasques     23rd August 2002 As one of the low-cost zinc producers in the world, the Zinc Corporation of South Africa (Zincor) aims, despite the drop in the price of zinc, to expand current production, keep costs down and improve revenue through the increased output of zinc and the production of other products. 

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