R/€ = 15.91 Change: -0.26
R/$ = 13.57 Change: -0.14
Au 1267.15 $/oz Change: -0.95
Pt 867.00 $/oz Change: 2.83

Latest News

Canadian platinum hopeful lists to gain capital access

8th June 2005 Canadian company Platinum Group Metals announced this week that, as of June 8, its shares will begin trading on the Toronto Stock Exchange (TSX) under the symbol PTM. 

Toronto hopeful on track with ramp up

8th June 2005 Toronto-based miner Patricia Mining has issued an update on progress its Island Gold Project. Richmont Mines has now been the manager of the project since January 1 and has replaced the mining contractor. 

BHP Billiton locates global nickel base in Perth

8th June 2005 Diversified miner BHP Billiton yesterday announced that it would base the headquarters of its Stainless Steel Materials business in Perth to oversee its global nickel operations. 

Strike resolved at Mexican mill

8th June 2005 US-based silver-miner Hecla Mining reported this week an agreement to resume work at San Sebastian's Velardena mill in the state of Durango, Mexico. 

Mining-software company in BEE deal with Bafokeng company

8th June 2005 AltX-listed software provider Alliance Data Corporation (ADC) Holdings has announced a deal that sees BEE company Bafokeng Investment Services acquire a 26,67% shareholding in ADC. 

UK gold-miner reports higher resources on exploration drive

8th June 2005 UK-based Galahad Gold this week reported preliminary results for the year ending December 31, 2004. 

Gem miner concludes $13m finance

8th June 2005 Australian listed Kimberley Diamond Company has announced that it has reached agreement with Soci 

Junior bullish on Russian gold prospect

7th June 2005 Canadian gold-miner Bema Gold last week announced that a feasibility study for the Kupol gold and silver project located in Chukotka, north-eastern Russia, has shown that the project is technically feasible and can be developed as a high-grade, low-cost profitable gold- and silver-mine. 

Preferred bidder does detailed inspection of liquidated mines

By: Nicola Mawson     7th June 2005 Underground reconnaissance of DRDGold's liquidated asset Hartebeesfontein was concluded late yesterday by preferred bidder Simmer & Jack mines. 

Gold price could triple by 2015 as resources dwindle

By: Nicola Mawson     7th June 2005 The price of gold is set to rocket, says Andisa gold analyst Dr David Davis. 

Drilling begins at coking-coal prospect

7th June 2005 Australian-listed Northern Energy Corporation has announced that drilling has started over the weekend at its Ashford coking coal project in Northern NSW. 

Explorer set for $11,5m gold drill campaign

7th June 2005 Canadian listed NovaGold has announced that final mobilisation is underway for its 2005 exploration and development program at Canadian Galore Creek. 

Explorer raises capital through share placement

7th June 2005 Australian diamond-explorer Tawana Resources has announced the placement of 2,666 667-million shares, with sophisticated investors raising $2-million to supplement the company's working capital. 

De-hedging slows in March quarter

6th June 2005 The pace of de-hedging slowed in the March quarter with a provisional 0,71-million ounce reduction in the delta-adjusted hedge book. 

State considers incentives to boost beneficiation

By: Helene Le Roux     6th June 2005 The South African government's plans for adding value to the country's mineral wealth are gradually unfolding. 

Mining, rand debate continues

By: Nicola Mawson     6th June 2005 The price of commodities, especially gold, has been inextricably linked to the vagaries of the rand. 

Greenland nickel joint venture unveiled

6th June 2005 Canadian miner Diamond Fields International has announced that it has entered into an exploration option and joint venture agreement with Inco. 

Harmony team crests Everest

6th June 2005 Well-known extreme adventure mountaineers, Alex Harris and Sibusiso Vilane stood on top of the world early Friday morning. 

Harmony outlines plans for Gold Fields cash, moots share buy-back

6th June 2005 Gold-miner Harmony, which sold 30-million Gold Fields shares for $315-million late last week, will use the proceeds to retire short-term debt and ensure funding of its Hidden Valley project in Papua New Guinea (PNG). 

ARM joint venture given green light

6th June 2005 JSE Securities Exchange listed African Rainbow Minerals' (ARM) transaction announced in February has been given the go-ahead. 

Anglo sells Zim ferrochrome unit

3rd June 2005 Anglo American yesterday announced that it had sold its 100% shareholding in Zimbabwe Alloys, a Zimbabwean ferrochrome producer. 

First output next year from R450m coke project

By: Nicola Mawson     3rd June 2005 The R450-million project by Mittal Steel South Africa to recommission its Newcastle coke batteries to produce 450 000 t/y of market coke for the ferro-alloy industry is expected to produce its first coke by mid-2006. 

Miner Gold Fields says Norilsk to join its board

By: Nicola Mawson     3rd June 2005 Russia's Norilsk Nickel has accepted an invitation to join the board of Gold Fields and the two groups shared a vision to turn the firm into the world's leading gold producer, the South African firm said yesterday. Gold Fields said in a statement that Norilsk, its biggest shareholder with a 20%... 

Miner launches R3,8m school project

3rd June 2005 Global mining group Xstrata yesterday launched its corporate social investment programme, the Whole School Development Project, at an event in Witbank. 

Coal junior to list, pursue small-scale mining

By: Liezel Hill     3rd June 2005 Coal hopeful Wescoal announced yesterday that it would, in June, become the second mining junior to list on the Alternative Exchange (Altx) of the JSE Securities Exchange. 

Union lays charge against government

3rd June 2005 Trade union Solidarity yesterday announced that it had laid a people’s charge on behalf of the people of Stilfontein against the government of South Africa at the parliament in Cape Town. 

Non-mining pressures rise for resources firms

By: Nicola Mawson     3rd June 2005 Global auditing firm PricewaterhouseCoopers (PWC) yesterday asked how long a mine's responsibility should last. 

Solidarity demands 12,3% increase in mining industry

3rd June 2005 The trade union Solidarity yesterday submitted its wage demand to the Chamber of Mines demanding 12,3%. 

Chinese dragon flames global mining boom

By: Nicola Mawson     3rd June 2005 Globally, 2004 was a boom year for the mining industry on the back of Chinese demand for a broad range of commodities. 

State drops case against Kebble

3rd June 2005 The National Directorate of Public Prosecutions has formally dropped all criminal charges against Roger Kebble. 

Junior, SARB at odds

2nd June 2005 JSE-listed Thabex Exploration this week released its annual results for the year ended February 28, 2005, with a headline loss of 8,62 c in earnings per share. 

Kumba's R&D unit wins recognition

2nd June 2005 The research and development team at diversified metals and mining company Kumba Resources, a subsidiary of Anglo American, has jointly won the National Science and Technology Forum (NSTF) award for a corporate organisation. 

Anglo invests $150m into Chinese energy business

2nd June 2005 Diversified mining conglomerate Anglo American announced yesterday that it would invest $150-million in the initial public offering of China Shenhua Energy Company, announced earlier today by Shenhua in Hong Kong. 

Gold-miner says DRC human-right abuse claims ‘unfair’

By: Liezel Hill     2nd June 2005 AngloGold Ashanti yesterday responded strongly to allegations made in a report released today by US-based NGO Human Rights Watch (HRW) regarding its operations in the Democratic Republic of the Congo (DRC). 

Afplats gears up for US listing

1st June 2005 AIM-listed platinum exploration development company African Platinum yesterday announced that it had appointed KPMG Audit as its auditors in preparation for its planned secondary listing on the American Stock Exchange. 

Drilling unearths copper-gold prospect

1st June 2005 Australian-listed Dominion Mining yesterday confirmed a significant new copper-gold discovery at the Wongan Hills Project in Western Australia. 

Gem drilling hampered by weather

By: Nicola Mawson     1st June 2005 Canadian explorer Candente Resource has announced that diamond-drilling results have been compiled from the Staghorn Property. 

De Beers to consummate BEE deal by year-end

By: Terence Creamer     1st June 2005 The South African arm of diamond giant De Beers, De Beers Consolidated Mines (DBCM), will conclude its much-anticipated black economic-empowerment (BEE) deal by year-end, MD Jonathan Oppenheimer reported yesterday. 

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