Gold

Blasting company breaks new ground with inverse drop raising

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Blasting solutions company AEL has partnered with EBJ Mining Construction to successfully execute mechanised, inverse box hole blasting at gold producer Harmony Gold’s Elandsrand mine, which has resulted in increased safety and production on site.

By: Mary-Anne O’Donnell

19th February 2010

Gold

Consulting company improves management software

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Mining software consulting company MineWare has once again broken new ground in writing tailored software that tackles the needs of the challenging international mining environment.

By: Mary-Anne O’Donnell

19th February 2010

Gold

Electricity tariff increases  to negatively affect gold mining industry

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The South African economy cannot absorb such a large price shock as that proposed by State-owned power utility Eskom, and the outlook for mines higher up the cost curve would be bleak, South Africa’s Chamber of Mines (CoM) told the National...

By: Mary-Anne O’Donnell

19th February 2010

Gold

Gold Fields profit rises 40% on record gold price

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Africa’s second-largest gold producer Gold Fields posted a 40% increase in profit for the three months through December on higher prices.

By: Mary-Anne O’Donnell

19th February 2010

Gold

Gold price expected to reach high of $1 250/oz in 2010

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International investment bank Fairfax reports in its investment forecast, released last month, that continuing demand should keep the gold price high but with seasonal weakness expected from February/March with prices picking up again from...

By: Mary-Anne O’Donnell

19th February 2010

Gold

Gold producer acquires 50% of mining company

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Gold producer DRDGold has agreed to a transaction with gold producer Mintails worth a total of more than R82-million, the terms of which DRDGold will acquire Mintails’ 50% interest in ErgoGold Mining.

By: Mary-Anne O’Donnell

19th February 2010

Gold

Gold producer  negative about  proposed electricity  tariff hikes

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Gold producer Harmony Gold Mining Company Limited (Harmony) tells Mining Weekly that the proposed tariff increases by State-owned power utility Eskom are too high and, should the application for the increase be approved, will put some of the gold...

By: Mary-Anne O’Donnell

19th February 2010

Gold

Gold to rise almost 30% in 2010 on investment demand

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Spot gold is expected to average $1 236/oz in 2010, up 27% on the 2009 average of $972/oz, as continued strong investment demand will more than offset lower jewellery sales, says the London-based association of banks, fabricators, refiners,...

By: Mary-Anne O’Donnell

19th February 2010

Topics in these articles

Company	Facility	Industry Term	Person
AEL EBJ Mining Construction Harmony Gold Goldfields Eskom Financial Times AngloGold Ashanti Barrick Gold Fairfax DRDGold Ergo Mintails Harmony Gold Mining Company Mining Weekly	Elandsrand Mine Harmony Gold’s Elandsrand Mine Brakpan Plant ErgoGold’s Brakpan Plant	Gold Producer Gold-mining Applications Platinum-mining Centralised Production Management Tailored Software Trackless Wide Reef Mining Electricity Electricity Costs Electricity Price Proposed Electricity Tariff Ventilation Systems Gold-mining Bank Reserves Electronics Investment Bank Intended Electricity Tariff Increases Mining Bank Balance Sheets	Eugene Fouche Johan Fourie Iggy Fasen Paul Saker Nick Holland Niel Pretorius Barack Obama Graham Briggs Marian Van Der Walt Ross Norman
Technology	Country	City	Continent
Fracturing Newly Introduced Technology	Australia South Africa China India Russia Sri Lanka United States Papua New Guinea	Johannesburg Boksburg New York	Africa Asia
Currency	Market Index	Sports Event
USD	JSE Africa Gold	US Federal Open