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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.
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.
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...
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.
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...
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.
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...
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,...
19th February 2010
 
 
 
 
 
 
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