R/€ = 14.86 Change: -0.15
R/$ = 12.03 Change: -0.06
Au 1318.13 $/oz Change: 0.16
Pt 953.50 $/oz Change: -3.10

Latest News

Plan to boost iron-ore infrastructure

By: Terence Creamer     12th December 2002 Plans are under way to increase the handling capacity of the key iron-ore export infrastructure in the Northern and Western Cape. 

SouthernEra finds shine in platinum

     12th December 2002 Canada's SouthernEra Resources made its name as a diamond operator, but it is fast finding a shine in the platinum group of metals in the world's biggest deposits in South Africa. 

Canadian PGM search to start in Jan

     12th December 2002 Canadian mining group, Pacific North West Capital (PFN) has announced that its joint venture partner, Anglo American Platinum Corporation, has approved a Phase VI $5,3-million exploration programme, to be carried out in 2003 on the River Valley platinum group metal (PGM) property, near Sudbury,... 

Harmony – Mintek join forces to create new beneficiation group

     12th December 2002 The world’s fifth-largest gold producer, Harmony Gold Mining Company, and Mintek, the leader in minerals and metals technology in South Africa, yesterday announced that the parties had signed a memorandum of understanding to create Musuku Beneficiation Systems, an integrated manufacturing... 

Russia, Norilsk form platinum metal sales venture

     12th December 2002 The Russian State and the giant metals producer Norilsk Nickel will form a venture to trade platinum group metals (PGMs) abroad and build confidence among foreign clients, the Finance Ministry said yesterday. 

Audit of Alexkor bids this week

By: Martin Czernowalow     11th December 2002 Mining Weekly Online can now reveal the identities of the four South African companies that have submitted bids for a 51% share in State-owned gem miner Alexkor. 

Angloplat hopes more than 10% of new project work will go to BEE firms

By: Martin Czernowalow     11th December 2002 The world’s largest platinum producer, Anglo Platinum, says it will seek to maximise black economic empowerment (BEE) participation in newly-announced projects through its affirmative procurement policy. 

Ashanti paves way for $89m rights issue

     11th December 2002 African miner Ashanti Goldfields has prepared the ground to raise up to $89-million with an application to market a rights issue in the US. 

De Beers reduces its loan to $2,485bn

     11th December 2002 Diamond group De Beers said yesterday it had made a $710-million voluntary pre-payment to banks, bringing the balance of its five-year syndicated loan down to $2,485-billion. 

State, Anglo to sign iron-ore memorandum

     10th December 2002 A memorandum of understanding (MOU) is expected to be signed soon between the government and mining giant Anglo American, covering the future development of the iron-ore industry in the Northern Cape. 

Airborne gravity technology employed in gem search

     10th December 2002 If the Falcon airborne gravity technology is the Holy Grail of the mineral exploration industry, then Gravity Capital (GCap) is in an enviable position in the arrangement it has with its developer BHP Billiton. 

Luxury goods sector should not forget gold

     10th December 2002 South Africa's largest gold producer, AngloGold, last week urged the luxury goods business not to discount gold in the fight for the consumer's discretionary wallet, which in the US accounts for $174-billion. 

Two-million fatality-free shifts for Northam

     10th December 2002 The world's deepest platinum mine, Northam Platinum, has notched up another safety record by having worked two-million fatality-free shifts – a feat that has earned the miner an award. 

Canadian miners see great opportunity in South Africa

By: Keith Campbell     9th December 2002 Canadian companies see South Africa’s new mining dispensation as reason for optimism and not pessimism. 

Kimberley Process likely to have mixed success

     9th December 2002 Eradicating the flow of conflict diamonds may only be partially successful, according to managing director of diamond retailer Percy Marks Fine Gems, Ken Marks. 

Ivory Coast’s main gold mine shut after attacks

     9th December 2002 Rebel attacks have forced Ivory Coast's main gold mining company to shut its only mine, a senior manager said last week. 

Schmidtsdrift exploration unveils quality asset

By: Martin Creamer     9th December 2002 Exploration by New Diamond Corporation (NDC) of the Schmidtsdrift prospect is firming up what is believed to be a gem of an asset. 

Decision on Premier’s C-cut project by end 2003

By: Laura Franz     6th December 2002 The life of De Beers’ Premier mine, based in the town of Cullinan, north-east of Pretoria, could be extended by another 23 years and its output trebled if the Centenary-cut (C-cut) project, valued at some R7-billion, is approved by the diamond giant’s board in November next year. 

Impala's safety drive yields 2-million fatality free shifts

     6th December 2002 South Africa's second-larges platunm producer, Impala Platinum, yesterday announced 2 million fatality free shifts across its entire Rustenburg operation, which involves close on 27 900 employees 

Argyle a catalyst for India's thriving industry

     6th December 2002 India may well find its domestic diamond market transformed into the world's third largest diamond consumption market. 

UN extends ban on illicit Sierra Leone gem trade

     6th December 2002 The UN Security Council on Wednesday extended for another six months a global ban on black-market diamond exports from Sierra Leone, where a gems-for-arms trade fueled a decade of brutal civil war. 

Anglo fund contributes R9,1m to Aids fight

     6th December 2002 Contributions made by the Anglo American Chairman's Fund towards HIV/Aids initiatives between 1998 and 2002 total over R9,1-million, with grants to the value of R4-million made in 2002 alone, Anglo American reveals. 

Randgold Resources joins FTSE gold index

     6th December 2002 Gold miner, Randgold Resources has been included in the FTSE gold mines index. Criteria for membership of the elite index, which encompasses 18 leading gold companies, include an yearly production of at least 300 000 oz. 

Minority buy-out at AngloPlat not imminent – analyst

     6th December 2002 The world's biggest platinum producer Anglo American Platinum said on Friday its parent Anglo American had increased its stake by another 2,95% to 66,75%. 

De Beers calls for more gem marketing

     5th December 2002 Luxury goods and watches now have a significantly greater market share of the growth market in luxury goods than diamonds and a De Beers executive suggested the industry has to lift the tempo, including ploughing more dollars into advertising. 

Plan for pilot vanadium plant in Canada

     5th December 2002 McKenzie Bay International said on Tuesday it plans to build a pilot vanadium plant in Canada in 2003, capable of producing four-million pounds of the mineral a year. 

Implats studies refinery expansion

     5th December 2002 South African platinum producer, Impala Platinum Limited Refineries facility in Springs, Gauteng, comprises two refinery operations namely, the Base Metals Refinery (BMR) and the Enhanced Platinum Metals Refinery (EPMR). 

Mining sector has to deal with the information-integration challenge

     5th December 2002 The biggest challenge facing the South African mining industry is the integration of information across the value chain, says Pierre Lundberg, group business development director at CS Holdings. 

NUM to release HIV/Aids strategy paper

     5th December 2002 Over a thousand National Union of Mineworkers (NUM) members, including staff and delegations from the ANC, the SACP, COSATU, the government and the Chamber of Mines, are expected to gather in Joubertina, Klerksdorp, on December 7 and 8. 

Platinum giant announces Rustenburg plant expansion

     5th December 2002 Platinum market leader, Anglo Platinum announced yesterday that it would proceed with Phase 2 of the Rustenburg UG2 Project, to produce 306 000 oz of refined platinum and 167 000 oz of palladium a year. 

Mining royalties to be instituted next year

     5th December 2002 South African Minister of Minerals and Energy, Phumzile Mlambo-Ngcuka, yesterday announced that the payment of royalties, for existing and new mining operations, would be instituted by government next year. 

BHP Billiton extends copper cutbacks

     5th December 2002 Mining company, BHP Billiton Base Metals yesterday announced it would continue its programme of demand-based production originally announced by the Group in November 2001. 

Four bidders make play for Alexkor

By: Martin Czernowalow     4th December 2002 All bids are in for the 51% stake in State-owned gem miner Alexkor, confirmed the Department of Public Enterprises (DPE) yesterday, bringing the company a step closer to being privatised. 

Zambia copper output rising – central bank

     4th December 2002 Zambia's refined copper production for January to October 2002 rose to 277 654 tonnes from 241 896 t in the same period last year, the country's central bank said in a report yesterday. 

Konkola plans rise in copper output

     4th December 2002 Zambia's Konkola Copper Mines (KCM) said on Monday it plans to raise its 2003 copper output above this year's target of 220 000 t. 

Rietfontein drill programme yields good PGM results

     4th December 2002 PGM miner Anooraq Resources has announced further assay results from core drilling on its Rietfontein property, 275 km north of Johannesburg, in South Africa. 

Minerals law road show hits Perth

By: Kenneth Creamer     4th December 2002 The South African government continued its extensive global road-show which aims to communicate the intentions and implications of the country’s new mining laws in Perth, Australia, earlier this week. 

Court holds off Gencor judgement

     4th December 2002 A South African High Court on Tuesday has not made a judgment on an application by sick miners to stop mine holding company Gencor from unwinding its stake in platinum giant Impala Platinum. 

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