R/€ = 16.15 Change: 0.19
R/$ = 14.17 Change: 0.21
Au 1239.98 $/oz Change: -6.65
Pt 789.68 $/oz Change: 0.81

Diversified Miners News

Product polishes diamond-miner's network operations and upgrades

15th March 2002 In the ten months that marine diamond mining firm De Beers Marine has used NetIQ’s Operations Manager product to monitor its data networks, the company has substantially improved issues such as security and reporting while reducing downtime and maintenance requirements. 

Mining giant’s faith in SA grows afresh

By: Terence Creamer     14th March 2002 The world’s third-largest mining company, Anglo American, is pursuing a suite of growth projects worth $5-billion, revealing, too, that South Africa remains an attractive destination for mining investment. 

Lindahl gives up Anglo's chair

13th March 2002 The former ABB CE at the centre of a pensions scandal, bowed out as chairperson-elect at mining giant Anglo American. 

Mining giant in R4bn iron-ore move

12th March 2002 Mining giant Anglo American has acquired significant stakes in two South African mining companies - Kumba Resources and Anglovaal Mining (Avmin) - in a bid strengthen its hand in the iron-sector. 

Aussie steel firm's product escapes US tariffs

7th March 2002 Resources company BHP Billiton said its largest single category of steel exports to the US had escaped the hefty new tariffs announced by President George W Bush. 

Diversity delivers for resources giant

By: Keith Campbell     1st March 2002 MULTINATIONAL mining and metals group BHP Billiton is benefitting from its diversified operations, as declining prices for some commodities are balanced by rising prices for others. 

Legal review on Aussie rail access

By: Terence Creamer     1st March 2002 South Africa’s leading iron-ore producer, Kumba Resources, is in the process of garnering legal opinion whether or not it has access rights, under Western Australian law, to existing rail infrastructure in the Pilbara region of that country. 

Empowerment firm to exclude PGM's from listing offering

By: Joanne Delaurentis     25th February 2002 Black empowerment precious metal miner African Rainbow Minerals (ARM) has confirmed that it will list its gold business on the JSE Securities Exchange during the course of 2002, however, at this stage the listing will not include the company’s platinum assets. 

Swiss group emerging as coal colossus

22nd February 2002 Swiss-based natural resources group Xstrata posted a drop in earnings in 2001 as global demand for commodities slipped and it detailed plans for a $2,5-billion takeover of foreign coal businesses. 

Resources giant closes Oz colliery

18th February 2002 Diversified resources giant BHP Billiton said at the weekend that it would close the Tower Colliery in Australia's New South Wales state, citing limited coal recovery capacity and major geological problems. 

Global downturn hits gem leader

18th February 2002 The world's biggest diamond producer, De Beers, said on Friday its profit halved in 2001 as the global economic downturn slashed rough diamond sales, but said the market started 2002 in a more optimistic mood. 

Iron-ore, coal boosts resource giant

15th February 2002 The world’s largest diversified miner, BHP Billiton, reported a 3,5% profit rise for the first half of 2001/2, as iron-ore and coal, new operations and currency gains offset slides in metals and oil. 

Empowered coal firm may make its way to JSE

By: Terence Creamer     15th February 2002 South Africa’s newest mining house, Kumba Resources, says it is open to the listing of a separate coal company on the JSE Securities Exchange once the merger between Kumba Coal and Eyesizwe is concluded. 

Africa still important – Anglo

14th February 2002 Mining giant Anglo American, smarting from criticism over its decision to withdraw from the Konkola copper mines in Zambia, said it remained committed to Africa and to finding new mines there. 

Big profits forecast for resources giant

11th February 2002 Strong iron-ore and coal sales and gains from a falling South African rand are expected to give BHP Billiton, the world’s largest diversified miner, a flat first half profit near $1,16-billion. 

Zambian Copperbelt comeback collapses

8th February 2002 Scarcely 18 months ago, there was much optimism about what had been dubbed the Zambian ‘Copperbelt comeback’, following the formation of the Anglo-backed Konkola Copper Mines (KCM), which included the much sought-after $500-million Konkola Deep Mining Project (KDMP). 

World Bank to salvage Konkola

4th February 2002 The World Bank said it was ready to find cash so Zambia could save mines owned by Anglo American from closure if the mining giant pulls out of the country. 

Angry reaction to Anglo's Zambian withdrawal

1st February 2002 Mining giant Anglo American’s decision to strangulate the country by pulling out from Konkola Copper Mines (KCM) makes it easy to sympathise with Robert Mugabe’s style of governance in Zimbabwe, Zambia Alliance for Progress (ZAP) leader Dean Mung’omba has said. 

Swiss group in coal talks

1st February 2002 Swiss minerals group Xstrata said it had been in discussions with commodities house Glencore regarding the acquisition of Glencore’s coal assets in Australia and South Africa. 

Zambia hit again by cobalt closure

30th January 2002 Zambia’s Orion Mining has shut its Kabwe cobalt-processing plant, delivering a new blow to the country’s economy after Anglo American last week shelved further investment in its Zambian copper operations. 

Tony Trahar's view on Africa

29th January 2002 “I am pleased to be able to speak at this conference coming as it does shortly before the World Economic Forum in New York and at a time when the political situation in some Southern African countries is under international scrutiny,” said Anglo Amrican CEO Tony Trahar at the... 

Three Free State shafts reopened

By: Keith Campbell     25th January 2002 The new Harmony Gold/African Rainbow Minerals joint venture which took over four mines in the region from Anglogold, is to re-open three shafts which had been closed by the previous owners. 

Titanium prices to soften – report

24th January 2002 Titanium dioxide (TiO2) pigment prices will drop this year, but prices are likely to rise by 11% in real terms by 2006, according to a report by AME Mineral Economics in Australia. 

Firm receives its largest order ever

7th December 2001 East Rand drying-systems specialist Lockers Engineers has secured orders to the value of R8,5-million for Ticor South Africa, the Kwazulu Natal mineral-sands project. 

Infrastructure engineering contract awarded

7th December 2001 A contract to provide detailed engineering of all reticulation systems and services and infrastructure – including the fine-tailings disposal facilities – for the Hillendale mine site in Richards Bay, Kwazulu-Natal, has been awarded to Knight Pi 

Chemical dosing plant outsourced

7th December 2001 Gauteng water-engineering firm Thuthuka Project Managers has financed, designed and built the chemical dosing plant for the new Ticor South Africa central processing complex (CPC) in Empangeni, Kwazulu-Natal. 

'Green' beneficiation is environment-friendly

By: Deborah Spicer     7th December 2001 The beneficiation of Ticor SA’s heavy minerals takes place with the addition of few chemicals, enthuses beneficiation manager Robbie Gleimius. 

Future plans rest on two projects

By: Deborah Spicer     7th December 2001 Plans for growth at Ticor South Africa will be finalised when two project-determining decisions are made in the coming months. 

Civils reach 40% mark

By: Deborah Spicer     7th December 2001 The civils division of Group 5 has completed 40% of its R45-million contract for the civil work at the Ticor SA smelter, near Empangeni in Kwazulu-Natal. 

New system gives mining firm more control

7th December 2001 Mining information technology (IT) specialist AST has successfully implemented a manufacturing execution system (MES) for Ticor South Africa. 

Slag-treatment plant contract is awarded

7th December 2001 A contract for the slag-treatment and reductant plant at Ticor SA’s mineral processing facility in Empangeni has been awarded to Barker Flynn, a subsidiary of Argent Industrial. 

Technology beats high slimes content

By: Deborah Spicer     7th December 2001 While many people believed that the high slimes content found at Ticor South Africa’s Hillendale mine site precluded the possibility of the dune ever being mined, Iscor – now Kumba Resources – proceeded to develop the technology that would allow for its successful mining. 

Firm gets foot in the door with contract

By: Deborah Spicer     7th December 2001 Having completed project work to the value of R80-million at Ticor SA, turnkey project engineering company Exclusive Technical Services (ETS) is setting its sights on becoming more involved in the mineral-sands industry. 

Project to turn SBU into top earner

By: Deborah Spicer     7th December 2001 The heavy-minerals-sands division of Kumba Resources is growing to such an extent that business unit GM Wim de Klerk predicts that the unit may be the second-highest cash and income earner within the next few years. 

Project to raise fluorspar output by 50%

7th December 2001 Mid-tier mining group Metorex is completing a multimillion-rand capital programme at its Vergenoeg fluorspar mine, which will see a 50% increase in production over the next three years and which has lifted the recovery rate by 24% to date. 

Firm strategically positioned for growth

By: Deborah Spicer     30th November 2001 Having completed a five-year re-engineering drive, Kumba Resources is intent on making its strategic business units (SBUs) more efficient by increasing the volumes produced and critically challenging potential investments. 

East Rand facility to produce a third of world's synthetic-diamond output

By: Irma Venter     23rd November 2001 The new Oppenheimer Diamond Research Laboratory in Springs, on the East Rand, together with the adjacent diamond-manufacturing plant, in the process of expanding, is the largest and most advanced synthetic diamond centre in the world. 

Next step in Free State consolidation by March?

By: Keith Campbell     22nd November 2001 A decision on whether or not Gold Fields will sell its St Helena and Oryx operations i to the Harmony Gold/African Rainbow Minerals (ARM) alliance will be taken before the end of the Q1 of next year 

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