R/€ = 15.71 Change: 0.00
R/$ = 13.43 Change: -0.02
Au 1231.96 $/oz Change: 8.71
Pt 829.00 $/oz Change: 16.94

Latest News

Madagascar exploration project moves ahead

23rd August 2004 Junior resources company Jubilee last week reported fresh results from its geochemical soil and stream sediment sampling programme covering a number of target areas, including Lanjanina, Belanitra and Pachoud, within its recently acquired Pachoud/Lanjanina concession in Madagascar. 

Phase one drilling at Peru gold project completed

23rd August 2004 Canadian-miner Candente Resource last week announced that the phase one drilling programme has been completed on the wholly-owned Alto Dorado property located in Northern Peru. 

Diamond juniors awarded five new mining leases

23rd August 2004 Recently-listed Australian miner Blina Diamonds last week released a statement updating its shareholders on recent developments within the company’s West Kimberley projects, with the highlights including the granting of five new mining leases over large sections of Terrace 5 and solid... 

BHPB mulls Indian iron-ore options

23rd August 2004 Mining giant BHP Billiton on Friday confirmed that it has held preliminary discussions with representatives of the state government of Orissa in India about options for its iron-ore business. 

Gem exploration successes reported

23rd August 2004 Australian Stock Exchange listed-Kimberley Diamond Company (KDC) last week announced continued exploration success on the Ellendale Mining Lease. 

Miners take Anglo to court

23rd August 2004 South African giant Anglo American is to be taken to court by a group of former Free State gold miners who want compensation for contracting silicosis, their lawyers said on Friday. 

Diversified giants expect commodity bull-run to continue

By: Martin Czernowalow     20th August 2004 Robust global commodity markets have pushed profits of the world’s largest resources groups to record levels in recent weeks, and it is anticipated that the bullish market conditions will continue during the latter part of this year and early 2005. 

Contract awarded for Kolwezi feasibility study

20th August 2004 International mining company Adastra Minerals this week said it awarded the contract for the definitive feasibility study (DFS) on the Kolwezi cobalt/copper tailings project, in the Democratic Republic of Congo (DRC), to a joint venture of Murray & Roberts and GRD Minproc. 

Event to showcase postgraduates’ mining skills

20th August 2004 The Julius Kruttschnitt Mineral Research Centre (JKMRC) International Student Conference is gearing up to be one of the mineral sector’s most important events of 2004, with postgraduate researchers travelling from across the globe to Brisbane, Australia, in early September. 

Oz miner to raise funds for African projects

20th August 2004 Australian miner Sub-Sahara Resources this week announced that it will place up to eight-million ordinary fully-paid shares at an issue price of six cents per shared to clients of Patersons Securities, pursuant to Australian legislation, to raise up to $480 000 before costs. 

New president for SA mining institute

20th August 2004 The South African Institute of Mining and Metallurgy (SAIMM), which was founded in 1894, last week appointed Frank Egerton as its new president, at the institution’s annual general meeting. 

DRD lists on Papua New Guinea stock exchange

19th August 2004 South African gold-miner Durban Roodepoort Deep (DRD) yesterday listed on the Port Moresby Stock Exchange (POM SoX), reflecting the company’s growth as one of Papua New Guinea’s (PNG) major gold producers. 

Commodity bull-run makes acquisitions tough – BHPB

By: Martin Czernowalow     19th August 2004 While strong commodity markets pushed BHP Billiton’s earnings to record levels in the financial year to June 30, the world’s largest diversified mining group said yesterday that the commodity bull-run is making acquisitions difficult. 

Drilling underway at two Norway projects

19th August 2004 Mining and exploration company Diamond Fields International (DFI) this week reported the results of the initial drill programme at the Ogna nickel/copper project in south-west Norway, saying that a total of 1280,7 m of drilling was completed between May 25 and June 17. 

Additional drilling carried out at Mali gold project

19th August 2004 Diversified junior miner Etruscan Resources this week announced that additional detailed auger sampling carried out on the Djelimangara Permit in Mali, West Africa has confirmed the continuity of a significant gold anomaly as previously reported. 

ARM seeks ‘cash-generative’ acquisition

By: Terence Creamer     19th August 2004 Empowered South African resources group African Rainbow Minerals (ARM) revealed yesterday that it is considering three cash-generative acquisition targets and will make an announcement in this regard before February. 

BHPB boss brings his kids to work

By: Martin Creamer     19th August 2004 Some time ago Chip Goodyear was sitting in his office watching the television news when his family popped in. 

66% of Harmony output now from conops shafts

18th August 2004 South African gold-producer Harmony Gold Mining Company has reached an agreement with the National Union of Mineworkers (NUM) on the implementation of continuous operations at its Elandsrand operations in the North West Province. 

First results from Pakistan copper drill

18th August 2004 Emerging copper-miner Tethyan Copper Company yesterday released the first results from the drill-out of its H4 Starter Project in Pakistan, including an intersection of 111 m at 1,38% copper. 

Conops benefits to flow despite initial blip - Messina

By: jenny furness     18th August 2004 Development and stoping has returned to normal after minor illegal industrial action at SouthernEra’s Messina platinum-mine earlier in the year, and the company reports that the implementation of continuous operations (Conops) should yield future benefits. 

De Beers-Mvela realign alliance to meet mineral-rights rules

18th August 2004 Diamond giant De Beers and Mvela Resources yesterday announced that they are in the process of amending the Ndowana shareholders agreement, to provide for an equity participation of 51% for Mvela Resources and 49% for De Beers in respect of areas covered by State-owned mineral rights. 

Lonmin says unofficial strike has ended

18th August 2004 The world's third-largest platinum producer Lonmin yesterday announced a resolution to an unofficial strike action, which had been led by miners at shaft three of its South African Karee mine. 

Empowered coal-haulage venture launched

18th August 2004 A black economic empowered (BEE) road-haulage company, with a niche in the coal-transportation sector, was officially launched yesterday. 

AngloCoal-Eyesizwe mull R1,6bn coal project

By: Martin Czernowalow     18th August 2004 Coal mining groups Anglo Coal and Eyesizwe yesterday launched a 50:50 joint venture to develop and mine the Arnot North coal reserve, 30 km east of Middelburg in the coal-rich Mpumalanga Province of South Africa. 

Alliance period for Angola prospect extended

17th August 2004 Diamond junior Petra Diamonds reported yesterday that negotiations with mining giant BHP Billiton on a joint venture for the Alto Cuilo project in Angola were at an advanced stage and that the strategic-alliance period between the two groups had been extended by three months to allow for the... 

Canadian junior advances Africa projects

17th August 2004 Canadian junior Caledonia Mining Corporation of Toronto has reported an overall loss of C$1,4-million or $0,005 a share for the second quarter of 2004. 

Miner seeks to revitalise DRC zinc-copper project

17th August 2004 International mining company Adastra Minerals, formerly American Mineral Fields, yesterday announced that it has restarted negotiations with La G 

Chrome producer awards underground mining contract

17th August 2004 Contract miner Murray & Roberts RUC said yesterday it has secured the Dwarsrivier chrome-mine underground mining contract. 

Platinum researcher maintains ‘equilibrium’ forecast

17th August 2004 Precious-metals research and industrial group Johnson Matthey reaffirmed its forecast from earlier this year that platinum is set to move close to equilibrium in 2004, or even be in a “position of small surplus”, the group’s Platinum 2004 Update report said. 

Tanzanian gold-mine installs communication system

16th August 2004 To extend plant and remote site communications at Geita Gold Mining (GGM) in Tanzania, Motorola authorised distributor Danimex Communications has implemented a new eight-channel repeater system which covers an area of 30 km, the company reported. 

Copper prices buoy Canadian miner

16th August 2004 Canadian mining company First Quantum Minerals last week announced its results for the three month and six month periods ended June, 2004, with revenues for the second quarter of the year rising to $27,1-million from $12,7-million in the comparative period last year. 

Canadian gold producer reports higher earnings

16th August 2004 Toronto Stock Exchange-listed Bema Gold Corporation last week reported increased net earnings of $745 000 or $0,002 per share, for the second quarter ended June 30, 2004, compared to a net loss of $4,2-million or $0,013 per share, for the same period last year. 

Gem-mine in Liberia exploration agreement

16th August 2004 Mining and exploration group Diamond Fields International (DFI) said last week it has entered into an option agreement with Liberian-based Ducor Minerals, under which it may earn an interest in Ducor's rights under two mineral exploration agreements between Ducor and Liberia. 

Gold-miner and computer mogul team up to fight TB

By: Irma Venter     16th August 2004 South Africa is about to launch into a fresh tuberculosis (TB) research study that could lead to a radical new way of managing and preventing the lung disease in high-risk communities. 

Contractor moves ahead with surface-drilling projects

16th August 2004 Mining services company Murray & Roberts RUC reports that it is currently undertaking a number of surface-drilling contracts throughout Southern Africa. 

Xstrata on commodity bull-run joy ride

By: Terence Creamer     13th August 2004 Surging commodity prices underpinned a sharp rise in first-half profits at diversified global miner Xstrata, which believes there is even more to come in the second half as the commodity bull-run continues. 

Aquarius aims for 700 000 oz in 2007

By: Martin Czernowalow     13th August 2004 Platinum producer Aquarius Platinum yesterday said it had achieved “considerable progress” in terms of black economic empowerment (BEE), adding that a credible and bankable transaction would, on completion, see the company comply fully with the equity component of the South African... 

Placer Dome appoints new president and CEO

13th August 2004 Canadian miner Placer Dome yesterday announced Peter Tomsett as the company's new president and CEO, effective September 15. 

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