R/€ = 15.99 Change: 0.10
R/$ = 14.01 Change: 0.20
Au 1221.51 $/oz Change: 6.02
Pt 845.50 $/oz Change: 3.71

Latest News

'SA uranium project on track'

By: Nicola Mawson     3rd October 2005 Emerging gold and uranium miner Aflease, in its results for the six months ended June 30, indicated that its Dominium uranium project is on track to produce from 2007 and that declines will be developed before year-end. 

Still golden life in Mpumalanga, geologist argues

By: Nicola Mawson     30th September 2005 Barberton's rich history of gold dates back to 1872, with the first discovery in the mountainous area. That particular part of the area is now a part of Swaziland, but three mines in the area - Sheba, Consort and Fairview - still have some life left in them, if only funding can be sourced. 

Oppenheimer makes way for Noko at DBCM

30th September 2005 After a short tenure at the helm of De Beers Consolidated Mines (DBCM) Jonathan Oppenheimer will move back into the office in of the De Beers group chairperson, Nicky Oppenheimer. 

Drill results at Oz project support quality estimates

30th September 2005 Aviva Corporation yesterday advised that the first stage of the coal testwork program at the Central West coal deposit, 270 km north of Perth in Western Australia, had been completed on samples recovered from the feasibility drill program completed last month. 

Aussie explorer reports succesful IPO

30th September 2005 Tasmania-focused mineral exploration company Resource Finance & Investments (RFI) is set to shortly make its debut on the Australian Stock Exchange after closing its $3,5-million initial public offering early and substantially oversubscribed following strong support from brokers and institutions,... 

De Beers faces $75m/y charge if SA export-tax is confirmed

By: Terence Creamer     30th September 2005 Incoming De Beers MD Gareth Penny, who will take over from incumbent Gary Ralfe early next year, admitted yesterday that the South African mining and political environment was posing some serious challenges for the world's largest diamond producer - the company has a global market share of about... 

Gold hopeful posts £1m H1 loss

29th September 2005 AIM-listed explorer Eastern Mediterranean yesterday published unaudited interim results to June 30, 2005, declaring a net loss of  

Kumba Resource's rating affirmed

29th September 2005 International rating agency Fitch Ratings yesterday reaffirmed Kumba Resources' rating. In a statement the agency said that the miner's long-term national rating of 'A(zaf)' and its short-term of 'F1(zaf)' was affirmed, and that its outlook remained positive. 

Rio Tinto achieves A+ rating

By: Nicola Mawson     29th September 2005 International rating agency Fitch Ratings yesterday assigned miner Rio Tinto an A+ rating. 

Nickel miner to raise £5,5m to fast-track African projects

29th September 2005 Australian-listed nickel miner Albidon has decided to place 21-million shares at 26p each to raise about  

De Beers upgrades switchgear

29th September 2005 The world's biggest diamond miner, De Beers, recently ordered switchgear assemblies from Johannesburg-based RBF Technology for two mines, Venetia in Limpopo Province, and Cullinan, near Pretoria. 

Canadian miner funds exploration project through private placement

29th September 2005 Canadian mineral resource company Doublestar aims to raise $504 000 in a private placement to finance its Century Limestone Project. 

SA urged to use beneficiation carrots, not sticks

By: Nicola Mawson     29th September 2005 Unless a business climate conducive to manufacturing beneficiation is made available in South Africa, the introduction of export taxes will not aid beneficiation but may see the loss of 8 500 jobs in the mining sector. 

De Beers wins award for corporate Aids policy

29th September 2005 Global gem-miner De Beers was yesterday honoured for its workplace response to HIV/Aids counselling and testing by the Global Business Coalition on HIV/Aids (GBC) at its Annual Awards for Business Excellence Gala. 

Kebble death may delay restructuring at JCI, R&E

By: Nicola Mawson     29th September 2005 The death of mining personality Brett Kebble's, which is shrouded in as much controversy as his life, is likely to delay the finalisation of the restructuring of three companies he previously headed, two of which, Randgold & Exploration (R&E) and JCI, remain suspended from the JSE pending the... 

Transnet makes coal-line tariff proposal

By: Nicola Mawson     28th September 2005 The long-awaited start-up of the Richards Bay Coal Terminal Phase Five expansion may be on the cards sooner than hoped for as Transnet spokesperson John Dludlu confirmed to Mining Weekly Online that it has “made a comprehensive proposal to the coal-miners and is awaiting their response”. 

Mineralisation confirmed at China gold project

28th September 2005 AIM-listed Central China Goldfields (CCG) this week reported initial results from the Shuiniujia deposit in the Snow Mountain Project, Sichuan Province of China, with initial trenching results from Shuiniujia confirming the presence of gold mineralisation. 

UK miner sees improved interim results

28th September 2005 UK-based miner Cluff Gold yesterday released interim results for the six months to June 30 2005, with an operating loss of  

R20m surveillance investment pays dividends for Trans Hex

By: Nicola Mawson     28th September 2005 An investment of over R20-million in high-tech surveillance technology in the past three years is showing significant payoffs for alluvial diamond miner Trans Hex Group. 

Steel, nickel demand to stay strong - miner

28th September 2005 Australian miner Consolidated Minerals yesterday said that it had achieved a continued strong performance by all its business divisions , with its manganese and chromite operations continued operation at full capacity reflecting strong levels of demand for steel and stainless steel related... 

Afplats makes progress on 100m oz goal

28th September 2005 Junior platinum miner African Platinum (Afplats), in announcing its preliminary results for the year ended March 31, has indicated that its pre-feasibility study has confirmed that Leeuwkop is an attractive development opportunity. 

Gem miner records best-ever grades at Oz project

28th September 2005 Australian gem-miner Blina Diamonds said yesterday that 3 766 diamonds, weighing 1 442 carats were recovered from 3 773 tons of gravel processed in the latest bulk sample from the Ellendale 9 North alluvial system. 

Central bank approves Aflease-Southern Cross deal and listing

28th September 2005 The South African Reserve Bank yesterday approved the secondary listing of Canada's Southern Cross Resources (SXR) on the JSE, as well as the subsequent acquisition of all the issued capital of Aflease Gold and Uranium Resources. 

Placer Dome approves $1bn mine in Dominican Republic

28th September 2005 Canadian gold-miner Placer Dome said yesterday that it had approved the Pueblo Viejo gold project in the Dominican Republic for development. 

Brett Kebble found murdered in Jo'burg

By: Terence Creamer     28th September 2005 Mining entrepreneur Brett Kebble was found dead in the upmarket suburb of Melrose on Tuesday evening after shots were fired at his car. 

Copper-mine gets 5-year life extension

27th September 2005 Diversified resources firm Teck Cominco on Friday announced that it would proceed with a plan to extend the mine life of its Highland Valley copper-mine, near Kamloops, British Columbia, by about five years, to September 2013. 

Resources giant considers African nickel targets

By: Nicola Mawson     27th September 2005 The world's largest diversified miner, BHP Billiton, yesterday said that South Africa and Africa could be on its radar for nickel exploration. 

Namakwa Sands awards ICT contract to SA firm

27th September 2005 JSE-listed ICT company Square One Solutions Group's subsidiary Business Solutions has just completed an installation at Anglo American's heavy minerals West coast mining operation, Namakwa Sands. 

Fuel management system installed at PPRust

27th September 2005 As the cost of oil continues to rise - some analysts expect it to surge to over $80 a barrel within six months - mining companies in particular are being forced to closely analyse their fuel spend. 

Green light for Kalahari gem takeover

27th September 2005 AIM-quoted and ASX-listed diamond mining group Petra Diamonds has announced that, at the extraordinary general meeting of Kalahari Diamonds Resources, held earlier yesterday, the resolution approving the sale to Petra of Kalahari Diamonds was passed. 

New drill results from Mexican project

27th September 2005 Farallon Resources yesterday published the latest results from drilling at the company's Campo Morado polymetallic (zinc, gold, silver, copper, lead) project in Guerrero State, Mexico. 

Kabusha denies blame as RG&E gets Nasdaq chop

By: Liezel Hill     26th September 2005 Kabusha Mining and Finance, a subsidiary of embattled Randgold & Exploration (RG&E) yesterday denied claims made by its parent in media statements earlier in the day. 

Gem-rich Botswana turns to coal

By: andrew lanham     26th September 2005 While Botswana is renowned for its diamonds, it should rather be recognised for its coal deposits,” says the general manager of Debswana's Morupule Colliery, Cletus Tangane. Recent estimates place Botswana's coal resources at 200-billion tons. 

Pele confirms offset dike

26th September 2005 Pele Mountain Resources last week announced that it had 'definitive confirmation' that the quartz-diorite dike discovered at its recently acquired Sudbury Offset project, in Canada, was an offset dike. 

Canadian JV widens search for uranium

26th September 2005 Pathfinder Resources and Diamonds North Resources last week said that a significant block of claims along the eastern margin of the Thelon Basin in the Northwest Territories, Canada has been staked under their Thelon Uranium joint venture agreement. 

Coal firm says new mines on schedule

26th September 2005 Canadian miner Cline Mining has reported that it is currently bringing two metallurgical steel-making coal-mine projects into commercial production in British Columbia, Canada. 

Harmony sells stake in Oz prospect for R117m

26th September 2005 Gold-miner Harmony on Friday said that it had reached an agreement with Northern Gold on the divestment of its 50% stake in the Burnside joint venture, in Australia, for A$24-million (R117-million). 

Value-add minerals conference this week

26th September 2005 Minerals Beneficiation Africa 2005, to be hosted this Wednesday in Midrand will run alongside the international trade exhibition and will deal with several 'hot' topics facing South African miners. 

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