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Gold News

Gold beneficiation initiatives take off

By: System Author     4th June 1999 South African gold-mining company Anglogold is undertaking various initiatives to support local gold beneficiation, including the ‘Riches of Africa’ gold jewellery design competition. At a gala function held in Gauteng in May to announce the overall winner, Anglogold CEO Bobby Godsell... 

‘Fingerprinting’ technology for gold applied to concentrates

By: System Author     4th June 1999 Gold fingerprinting technology as developed by Anglo American Research Laboratories (AARL) has led to the identification of the origin of about R12,4-million-worth of gold bullion between 1994 and 1996. Now a pilot study is under way to refine the application of this technology on... 

Banking on mining

By: System Author     4th June 1999 The long-term trend for the Peruvian mining sector continues to be one of expansion, despite present short-term difficulties caused by the international situation, Mining Weekly can today report. “The reform programme implemented by President Alberto Fujimori, together with the... 

Gold’s monetary role increasing

By: System Author     4th June 1999 There is still a broad appreciation of gold’s role as a monetary asset, evidenced by the fact that 120 institutional holders of the metal, such as Russia, Poland and the Philippines, are actively adding to their reserves. This is the view of World Gold Council (WGC) gold market analysis... 

Grand old mining company prepares itself for growth

By: System Author     4th June 1999 One of South Africa’s oldest names in the mining industry is set for a future of growth. West Rand Consolidated Mines (WRCM), which can trace its history back to 1887 – although the present name was adopted only in 1908 after the Botha’s Reef Mining Company had merged with a... 

Will delayed NewCoal beat South Dunes’ deadlines?

By: System Author     4th June 1999 After some significant delays, the process of forming a large new black-empower- ment coal-mining company is back on track – the idea now is to have the new owners in place by the end of the year. In July 1998, South Africa’s two coal giants, Amcoal and Ingwe, announced that they... 

Carlin Trend, US

By: System Author     4th June 1999 Name: Carlin Trend. Location: 51 km west of Elko, in north-eastern Nevada in the US. Brief description: The mine consists of both pit mines and underground mines. The gold quarry is a large, low-grade disseminated sediment-hosted gold deposit. Mineralisation occurs in three main zones which are... 

The great gold coin debate

By: System Author     28th May 1999 The gold-cast face of human rights worldwide, that of President Nelson Mandela, could lead to a head-to-head battle with South Africa’s other prestigious gold coin product, the Krugerrand. Mining Weekly engaged in an investigation to find out exactly how a potential... 

Morila the gorilla elephant

By: System Author     28th May 1999 Gold explorers often speak of efforts to find ‘elephants’ – deposits of significant size that can be turned into profitable operating mines. However, one gold company has found a deposit called Morila in Mali, which not only rhymes better with ‘gorilla’, but could... 

New rotary kiln range is developed

By: System Author     28th May 1999 THE gold-mining industry’s ongoing use of carbon-in-pulp, leach and heap-leach processes has encouraged Efco Furnaces of Boksburg, Gauteng, a leading manufacturer of kilns and furnaces, to develop a new range of rotary kilns. The gas-fired or electrically-heated kilns are available in a... 

Canadian company expands gold assets

By: System Author     28th May 1999 Development of South Deep by the Placer Dome-Western Areas joint venture is only one of three major projects that Placer Dome of Canada has undertaken to build its worldwide portfolio of good-quality gold assets. The Canadian company completed its transaction with Western Areas, effective on... 

Ruby Hill Nevada, US

By: System Author     28th May 1999 Name: Ruby Hill Location: The mine is located 1,7 km northwest of Eureka and 408 km east of Reno, Nevada Brief description: Ruby Hill is an open-pit gold-mine and ore-processing facility Products: Gold Mining method: Design capacity is 3 500 t/d comprised of 2 600 t of low-grade ore crushed in... 

Dinosaurs into mammals

By: System Author     28th May 1999 The disappearance of so many of South Africa’s once-world-famous mining houses should not be the occasion for dismay, but for hope and anticipation. “The disappearance of the traditional mining houses is not a sign of failure but of renewal – the dinosaurs are turning into... 

R1m rotary kiln for Tanzanian project

By: System Author     28th May 1999 R1-million contract for the manufacture and supply of a 600 kg/h rotary kiln for Ashanti Goldfields’ Geita Mine project in Tanzania has been awarded to Custom Furnaces of Randvaal, Gauteng, MD John Lee tells Mining Weekly. The company, which attributes 70% of its turnover to activities... 

New testing-facility boon for mining

By: System Author     28th May 1999 Mining in South Africa stands to benefit from a new testing facility established by Prestige Furnaces and Engineering, of Wadeville, Gauteng, which will eliminate incorrect equipment selection for mineral processing. Mintek, in tandem with Anglogold, has made use of the new service for the... 

R1,5m facility for mineral research

By: System Author     28th May 1999 brand-new R1,5-million mineral- beneficiation research facility has been completed by thermal-process engineer Thermopower Furnaces at its Olifantsfontein, Gauteng, manufacturing plant. Construction on the building began in January this year after it was decided to designate separate facilities... 

Gold.com: gold in bid to become cyber currency

By: System Author     21st May 1999 Over the last few years, it has become fashionable to talk of the demonetisation of gold; some have even referred to it as reverse alchemy. How can gold, which is really ‘g’ plus ‘old’, ever expect to regain a central place in the fast- moving, bit-and-byte-based financial... 

The long and the short of mining

By: System Author     21st May 1999 Despite some predictions that longwall mininh in coal-mines has lost favour in South Africa, with the number of mines using this method steadily declining, CSIR Miningtek mining systems programme manager Pat Willis maintains that longwall may be the way of the future. “As South African... 

New era for SA gold-mining now on target

By: System Author     21st May 1999 Unconventional philosophies to be implemented at Avgold’s new Target mine in the Witwatersrand basin herald the beginning of a new era in gold-mining in South Africa. Based on the foundations of mechanisation, information and modern organisational design, the operation is expected to yield... 

R600m order book for mining contractor

By: System Author     21st May 1999 The golden years of the local mining industry are gone and many mining contractors and suppliers are suffering now that mining has entered a new era, but there are exceptions. Mining contracting company Cementation Mining boasts a R600-million order book in a time when the gold price is low and... 

BUSTED: Operation Egoli nets 100 suspects

By: System Author     14th May 1999 An eleven-month undercover operation by the South African Police Services’ (SAPS) diamond and gold branch, code-named Egoli, reached its climax two weeks ago with the arrest of 100 suspects. As the cherry on top, sufficient evidence, in the form of 8,5 kg of processed gold, has been found... 

Gold council losing support

By: System Author     14th May 1999 Contributions to the World Gold Council (WGC) by global producers are dwindling. Speaking at the official launch of a new series of fashionable 24-carat gold coins by the South African Mint, Anglogold executive director, marketing, Kelvin Williams, said that support, as a percentage of world gold... 

Far East props up gold

By: System Author     14th May 1999 small band of gold producers that support the World Gold Council are riding united through the stormy winds of legislative change to find their own golden fleece in Far East markets. Through the council, gold producers are slowly opening up markets and increasing gold offtake. In 1992, India... 

Base-metals bioleach commercialisation

By: System Author     14th May 1999 A memorandum of understanding to commercialise base-metal bioleach technology has been executed by BacTech Metallurgical Solutions (BacTech) and Mintek with Industrias Pe 

Gold No. 2 reconsiders NYSE bid

By: System Author     7th May 1999 South Africa’s second-largest gold producer, Gold Fields Limited, which has been mulling a listing on the main board of the New York Stock Exchange (NYSE), is now reconsidering the idea, deciding rather to focus on Driefontein’s Nasdaq listing, chairperson Chris Thompson tells Mining... 

Low-cost producer keeps on looking

By: System Author     7th May 1999 Exploration is a “really key issue” for medium-sized South African opencast low-cost gold-mining company Kalahari Goldridge (Kalgold). “Growth through exploration has always been a core element of our strategy, and when the new carbon-in-leach plant was commissioned nine months... 

DRD still hungry for OZ action

By: System Author     7th May 1999 If you are a listed Australian gold company with an underground operation producing between 50 000 and 150 000 ounces a year and are in the bottom third of the Australian Stock Exchange’s gold board, you’re on Durban Roodepoort Deep’s (DRD’s) menu. The medium-sized South... 

Teamwork key to gold profits

By: System Author     7th May 1999 The glittering performance of Harmony Gold in the first quarter of this year – the company increased its earnings from R47-million to R87-million despite the poor gold price – is the result of teamwork. On April 9 the company also achieved its target of producing more than a million... 

Klerksdorp mine targets $150/oz

By: System Author     23rd April 1999 A century-old Klerksdorp goldmine is about to undergo its third revolu tion in the space of less than a year in an effort to make it one of the lowest-cost operations in South Africa and extend its life well into the next century. Afrikander Lease has already swallowed a change in ownership and... 

South Africa’s purple gold

By: System Author     23rd April 1999 In what is believed to be a world first, purple-coloured gold has been faceted for use in jewellery for the local and export market by research and development organisation Mintek. The purple gold, which is an intermetallic compound of gold and aluminium, has been known to chemists and... 

Supply chain can saw costs

By: System Author     23rd April 1999 The new front for South African mining companies in the battle to cut costs in an environment of low commodity and gold prices is the supply chain. “Supply chain savings, if done correctly, are sustainable, while cutting labour produces only a short-term saving – moreover, labour has... 

Highest-grade made

By: System Author     23rd April 1999 The 900 g/t of platinum, palladium, rhodium and gold at Kroondal Platinum Mines (KPM) is expected to represent the highest-grade concentrate in the platinum-mining industry, KPM metallurgical manager Gordon Ramsay tells Mining Weekly. KPM will produce some 107 000 oz of platinum, 57 000 oz of... 

Gold theft in South Africa: the cuffs come out

By: System Author     16th April 1999 South Africa’s ‘second economy’ – the illegal trading of gold and precious metals – is in for a meltdown of its own. The local mining industry has had enough, so much so that last month mines from all sectors, auditors, refineries, security firms and the South... 

Gold leader’s hedge book swells to 368 t

By: System Author     16th April 1999 The world’s leading gold producer, Anglogold, will set aside about R130-million a year for market development, with particular emphasis on pursuing deregulation of the gold-hungry Chinese market. But hedging is still very much part of the strategy to sustain growth during the gold price... 

Is gold being held down?

By: System Author     9th April 1999 Gold’s demons are back to haunt it. Over the last few months phrases such as ‘reverse alchemy’ and the ‘commoditisation of gold’ have come back into favour. And in a context of a dismally low gold price, brought about principally by negative speculator sentiment,... 

Call for SA mining to peruse Peru

By: System Author     9th April 1999 It is important that South African mining companies become involved in Peru, Peruvian Energy and Mines Minister Daniel Hokama tells Mining Weekly. About 60% by value of Peru’s mining production last year was provided by gold and copper, each contributing about 30%. South African ambassador... 

Golden opportunity at mining conference

By: System Author     9th April 1999 Despite tough competition from manufacturers in the US and Canada, South African company Vac Air Technology is scoring export successes in Peru. “Three of our suction systems are currently operating in Peruvian gold-mines for sweeping and housekeeping, and more orders are in the... 

Florida Canyon Nevada

By: System Author     9th April 1999 Name: Florida Canyon. Location: 40 miles west of Winnemucca, Nevada, US. Brief description: Florida Canyon is a conventional open-pit, truck-and-shovel mining operation, moving an average of 128 000 t of ore and waste a day. Gold recovered from the process plants is smelted into core onsite and... 

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