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Diversified Miners News

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. 

SA resources group has strong year, but cautious on 2003

23rd August 2002 South Africa's biggest iron ore producer Kumba Resources beat expectations with a 115% leap in financial year headline earnings on Thursday, boosted by record production, sales and a weaker rand. 

Mining, chemical firms fingered as polluters

22nd August 2002 A report by an environmental activist group has lambasted a global mining giant and a South African petrochemical company for their poor social and environmental practices. 

Mining group in talks to buy drugs from India

21st August 2002 Indian drug maker Cipla is in talks with South African mining giant Anglo American to supply it with generic versions of anti-Aids drugs, top officials of the two companies said on Monday. 

New PGM drill campaign to start soon

19th August 2002 Canadian miner Pacific North West (PFN) Capital announced that a diamond drilling programme will begin within the next couple of days on its Agnew Lake platinum group metals (PGM) property near Sudbury, Ontario. 

Good performance expected from unbundled mining, steel firms

19th August 2002 South Africa's biggest steel and iron ore producers Iscor and Kumba Resources are seen reporting a leap in annual earnings next week, reaping the rewards of their split and despite a firmer rand. 

BEE gold-miner seeks new opportunities

By: Keith Campbell     16th August 2002 Rising South African gold miner African Rainbow Minerals Gold (ARMgold) is looking to acquire existing gold operations in this country in the near-term. 

Miners do well in SA sustainability rating

16th August 2002 Mining groups have fared well in the first sustainability rating of the top 40 companies on the Johannesburg bourse, a measure which examines their commitment to the environment and social development. 

Platinum leader evaluates project portfolio

By: Terence Creamer     14th 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. 

Mining giant outlines equity plans

By: Martin Creamer     14th August 2002 In the next five years, at least half of the management of the South African operations of global mining company BHP Billiton will be made up of previously disadvantaged individuals, BHP Billiton’s president and CEO minerals Mike Salamon revealed yesterday. 

'Platinum Nation' in deal with major

13th August 2002 Mining giant Anglo Platinum and the Royal Bafokeng Nation (RBN) yesterday announced that in principle agreement had been reached to form a 50-50 joint venture to mine the Boschkoppie and Styldrift farms owned by Anglo Platinum and the Royal Bafokeng Nation respectively, near Rustenburg in the... 

SA platinum earnings seen hit by strong rand

13th August 2002 Analysts will be eyeing the impact of a strong rand and looking for fresh detail on strategy as South African platinum majors Anglo Platinum (Angloplat) and Impala Platinum report half and full-year results, starting this week. 

Diamond giant mulls expansion

13th August 2002 Diamond giant De Beers hinted yesterday that it planned to pursue several expansion opportunities in the medium to long term. 

Gem leader slams SA’s Aids policies

13th August 2002 Diamond company De Beers’ MD Gary Ralfe heavily criticised government’s current handling of the Aids pandemic in South Africa while announcing a group-wide plan for treatment which involves the provision of antiretroviral treatment (ART) to some 11 000 employees and their spouses,... 

Second half will be tougher for gem sales

13th August 2002 Global gem giant De Beers yesterday reported an 8,5% rise in first-half rough diamond sales to $2,84-billion, but said it did not expect sales or cashflow to be as sparkling in the final six months of 2002. 

Early start mooted for Richards Bay titanium furnace

By: Terence Creamer     9th August 2002 Australian titanium dioxide feedstock producer, Ticor, is confident that its first furnace at its Richards Bay project in Kwazulu-Natal, South Africa, will be up and running by the end of the year, three months ahead of schedule. 

Positive results from Canadian PGM drill

9th August 2002 Canadian platinum group metals producer, Pacific North West Capital Corporation, (PFN) has reported additional assays from its recently completed phase 5 drilling programme at River Valley, situated 50 km northeast of the City of Greater Sudbury in Ontario. 

Shares in resources giant still undervalued – analysts

9th August 2002 Shares in BHP Billiton, the world's largest diversified miner, remained undervalued despite a solid annual profit result, resource analysts said yesterday. 

Big exploration plans from Southern Africa's marine miners

9th August 2002 Severus Shivolo mine manager of Trans Hex’s MV Namakwa describes marine diamond mining as one day honey, one day onions. 

State, platinum giant reach accord on mining permits

8th August 2002 The world's leading platinum producer Anglo Platinum and the Department of Minerals and Energy (DME) have reached agreement on six of Anglo Platinum's applications for mining authorisations. 

Gilbertson calls for calm on mine charter

By: Terence Creamer     8th August 2002 The South African CE of the world’s largest diversified miner brought a semblance of objectivity to the row surrounding the proposed mining charter yesterday suggesting that the initiative could even provide opportunities. 

Mining group takes big step in Aids fight

By: Zonika Botha     7th August 2002 In what is regarded as a momentous step towards fighting the rampant Aids pandemic, mining giant Anglo American yesterday announced its plans to make anti-retroviral therapy (ART) available to those HIV-infected employees across its operating companies, who do not have access to an ART benefit... 

State, mining group to meet next week

7th August 2002 Diversified miner Anglo American and its diamond arm De Beers will meet South African ministers on August 14 to discuss government plans to give black business a bigger role in mining, a government spokesperson said yesterday. 

Long-term iron-ore supply contract deal

5th August 2002 Another major milestone in Robe River Iron Associates' West Angelas project has been reached, with the conclusion of five-year full-scale contracts for West Angelas marra mamba iron ore with six Japanese steel mills. 

Konkola lifts copper output

2nd August 2002 Zambia's troubled Konkola Copper Mines (KCM) produced 110 000 tons of finished copper in the first half of the year compared to 90 500 tons in the same period last year, a company spokesperson said yesterday. 

Monitoring system ups colliery's productivity

By: marisa rodrigues     2nd August 2002 One of the areas that mines are currently focusing on in order to achieve objectives of improved productivity and reduced costs is effective communication. 

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