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Latest News

Canadian miner announces Ghana drill programme

1st July 2004 Toronto-listed PMI Ventures announced yesterday the start a 1 500-m diamond drilling programme on it's Ashanti II gold project, located on the Asankrangwa Gold Belt, in Ghana, West Africa. 

Aquarius' BEE partner makes good funding progress

1st July 2004 The empowerment entity seeking to buy into emerging platinum group Aquarius Platinum says significant progress has been made in the finalisation of the R860-million funding commitment required for the acquisition. 

CVRD sells CST stake to Arcelor

30th June 2004 The world’s largest iron ore producer Companhia Vale do Rio Doce (CVRD) yesterday announced that it has signed a contract with Arcelor, the world's largest steelmaker, to sell CVRD's stake in Companhia Siderurgica de Tubarao (CST). 

‘China-SA trade deal would help synergies’

By: Martin Czernowalow     30th June 2004 A free-trade agreement between South Africa and China would further enable the development of synergies between the two countries, building on already-strong trade and economic links that exist. 

SA firm in ferrochrome offtake deal with China

30th June 2004 In the build-up to its imminent listing on the Australian Stock Exchange, International Ferro-Metals (IFM) – previously known as Transvaal Ferro-Chrome – has signed a framework agreement with the Chinese Jiuquan Iron and Steel Company (Jisco). 

Miner expects to report higher earnings

30th June 2004 Following an initial review of its annual results by Matodzi Resources' directors, the company announced its headline earnings per share, for the year ended March 31, will be substantially higher when compared to the prior comparative period. 

Xstrata approves Oz zinc-lead project

29th June 2004 Miner Xstrata Zinc has approved development of the Black Star zinc-lead openpit at Mount Isa, in north-west Queensland, Australia, at a capital cost of some $18,8-million, of which $15,3-million relates to prestripping of waste and the remainder infrastructure. 

Gem-miners form joint venture for Botswana project

29th June 2004 Gem-miner Firestone Diamonds yesterday announced that it has entered into a joint venture with De Beers, for the company’s Mopipi kimberlite exploration project, in Botswana. 

New Australian diamond company launched

29th June 2004 In one of the largest new diamond company fund raisings in the past ten years, Blina Diamonds – the $10,4-million spin-off of Australian diamond producer Kimberley Diamond Company – has been launched. 

Implats rehires sacked rockdrill operators

29th June 2004 South African platinum giant Impala Platinum Holdings (Implats) and the National Union of Mineworkers confirm yesterday that they have reached an agreement whereby 1 700 rockdrill operators would be rehired. 

Kenya to sign titanium-project lease soon

29th June 2004 Toronto Stock Exchange listed Tiomin Resources has confirmed that the Kenyan government has approved a 21-year lease for the company’s titanium mining project in the Kwale district. A signing ceremony is scheduled for July 6, in Nairobi. 

DRD closes ‘gold-for-electricity’ hedge

29th June 2004 South African gold producer Durban Roodepoort Deep (DRD) announced yesterday that it would close out its only remaining hedge contract, in line with its policy of not hedging gold production. 

SouthernEra ups Messina stake to 91%

29th June 2004 Canadian miner SouthernEra Resources announced yesterday that it has finalised an agreement with a consortium of Messina shareholders to acquire 3 700 536 Messina shares, representing 18,4% of Messina's issued and outstanding shares. 

Mining industry sets target to wipe out Silicosis

29th June 2004 The South African mining industry has set the year 2013 as the target to wipe out the occupational lung disease Silicosis. 

Govt devises closure plans for East Rand mines

28th June 2004 The Department of Minerals and Energy (DME) is initiating a mine-closure strategy for Gauteng’s Central Basin operations as a matter of urgency. 

SA firm completes contract at copper project

28th June 2004 Mechanical and electronic devices manufacturer Danfoss South Africa recently completed the supply of VSDs for the Kansanshi copper project, in Zambia. 

Gem-miner, union agree on charter implementation

28th June 2004 The National Union of Mineworkers (NUM) and diamond giant De Beers Consolidated Mines (DBCM) announced last week that they have agreed to hasten the implementation of the mining charter. 

‘Govt will address small-scale miners’ concerns’

28th June 2004 Small-scale miners can expect the South African Department of Minerals and Energy (DME) to deal with issues affecting the small-scale mining sector in a cooperative and understanding spirit, said Chamber of Mines chief executive Mzolisi Diliza. 

Drilling indicates larger deposit at PGM project

28th June 2004 Toronto Stock Exchange-listed Anooraq Resources last week announced that drill results from a major ongoing multirig core-drilling programme, at the Drenthe platinum-group metals (PGM), gold and nickel deposit, located 250 km north of Johannesburg, indicated increases in the size and grade of the... 

Angloplat announces management changes

28th June 2004 Platinum giant Anglo Platinum announced on Friday that its chief operating officer, Dorian Emmett, has accepted a position with parent company Anglo American, effective September 1. 

Feedback period extended for Majuba EIA

By: jenny furness     25th June 2004 Environmental specialist Golder Associates has announced an extension of the comment period on the draft environmental-impact assessment (EIA) for the proposed coal transportation system between Ermelo and the Majuba power station. 

Sallies hopes financial recovery will lure BEE partner

By: Martin Czernowalow     25th June 2004 While South African fluorspar miner Sallies is currently on its way to financial recovery, the company has thus far been unable to conclude a black economic empowerment (BEE) deal, as called for by the country’s mining charter. 

Gabon PGM project yields good drill results

24th June 2004 Canadian miner SouthernEra Resources reported yesterday that the company had encountered encouraging platinum-group metals (PGM) and nickel assay results from stream samples collected within the Monts de Cristal 'Kinguele' ultramafic complex, in Gabon. 

Will SA use additional RBCT capacity?

By: Martin Czernowalow     24th June 2004 South Africa may never get to use its expanded coal export capacity when the long-awaited expansion project at the Richards Bay Coal Terminal (RBCT) finally goes ahead, a senior government official told Mining Weekly Online. 

Xstrata approves Australian copper project

24th June 2004 Mining company Xstrata Copper has approved the development of the Northern 3 500 underground copper orebody, at Mount Isa, in northwest Queensland, Australia, at an expected capital cost of $24,8-million. 

Junior miner confirms high-grade gold in Burkina Faso

24th June 2004 Diversified Canadian junior mining company Etruscan Resources announced that the diamond core drilling, completed on the A2 West gold deposit, in Burkina Faso, confirmed that the high-grade gold mineralisation, exposed at surface, plunges gently to the east for a minimum distance of 310 m. 

Canadian miner raises $1m for Ghana projects

24th June 2004 Canadian miner PMI Ventures this week announced a best-efforts brokered private placement of up to 3 571 429 units of the company, at a price of $0,28 a unit, to raise gross proceeds of up to $1-million. 

Alaskan green fuel project eyes India and China

23rd June 2004 A wholly-owned subsidiary of Alaska’s Silverado Gold-Mines, Silverado Green Fuel, this week met with Chinese coal-mine and utility operators in the Heilongjiang Province, and held meetings with high-level executives of the Chinese Coal Ministry, in Beijing. 

Kenya mineral sands project nears start-up

23rd June 2004 Toronto Stock Exchange-listed Tiomin Resources this week reported the resolution of the Ramisi lands resettlement issue by the government of Kenya. 

Xstrata upgrades ore reserves at copper project

23rd June 2004 Diversified resources group Xstrata yesterday announced an upgrade in the ore reserves of the Minera Alumbrera copper operation, in Argentina, extending the mine-life at Alumbrera by 2,5 years and ensuring metal production until mid-2015. 

UK explorer announces nine new projects in Egypt

23rd June 2004 Aim-quoted Gippsland yesterday announced that it has been granted the rights to explore eight gold areas and one copper-nickel area in the Wadi Allaqi region, by the Egyptian government. Dr Sa'aidi, Egyptian Minister of Industry and Technological Development, chaired the public signing ceremony... 

‘Govt will fight empowerment elitism’

By: Martin Czernowalow     23rd June 2004 The Department of Minerals and Energy will use its muscle to oppose elitism in the empowerment of blacks in South Africa’s mining industry, the country’s minerals and energy minister warned yesterday. 

Chamber welcomes Mlambo-Ngcuka’s comments

23rd June 2004 The Chamber of Mines yesterday welcomed the Minister of Minerals and Energy Phumzile Mlambo-Ngcuka’s 2004 budget vote speech “as being generally positive in its outlook and emphasis for the mining industry”. 

Strike at Mali gold-mine ends

22nd June 2004 The workforce at the Morila gold-mine, in Mali, returned to work yesterday, after a three-day work stoppage in response to the call for a three-day national strike by Secnami, the mining section of the National Union of Malian Workers (UNTM). 

R388m Barplats deal advances

By: Martin Czernowalow     22nd June 2004 A consortium headed by mining entrepreneur Loucas Pouroullis has made an unconditional mandatory offer to minority shareholders of Barplats, an 83,2% subsidiary of platinum giant Impala Platinum Holdings (Implats). 

Financing for Moz titanium project secured

22nd June 2004 Heavy minerals explorer Kenmare announced that it has signed loan agreements with a group of banks, which will, when effective, provide Kenmare with the debt finance required for project implementation at its Moma titanium mineral sands project, in Mozambique. 

New mineralisation zones found at Zambia project

22nd June 2004 Australian miner Albidon yesterday announced that core drilling has intersected two new zones of mineralization, approximately 1,5 km to the west of the Munali nickel deposit in Zambia. 

Mineworker ownership debate gets serious

By: Helene Le Roux     21st June 2004 Broad-based black economic empowerment (BEE) in the mining industry could soon be taken to the next level when the workforce receive shares in the companies that they work for. 

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