R/€ = 14.20 Change: 0.00
R/$ = 11.57 Change: -0.02
Au 1328.95 $/oz Change: -0.15
Pt 997.00 $/oz Change: 1.20

Latest News

Africa could win from aluminium migration

     11th October 2001 Africa could be the beneficiary of a plan under consideration by Brazilian bauxite, alumina and aluminium company Vale do Rio Doce Alum 

Aussie shareholders resist share swap

     10th October 2001 Resource giant BHP Billiton faces shareholder opposition to plans to switch its Australian shareholders into London-traded stock, the Australian Financial Review reported. 

Huge resource upgrade at Congo copper project

     10th October 2001 Canadian miner, First Quantum Minerals, has announced a 390% increase in the copper resource at its 85%-owned Lonshi copper deposit located in the Democratic Republic of Congo. 

Golden buyback completed

     10th October 2001 Gold company, Randgold Resources announced yesterday that it had completed the buyback of some 34% of its issued share capital, paying out $81-million to shareholders in the process. 

Free State gold rationalisation on cards

     10th October 2001 South African gold producer AngloGold said it was considering an offer for its assets in the Free State province. 

Now ferrochrome strike looms

     10th October 2001 The National Union of Metalworkers of South Africa (Numsa) said its members would embark on a wage strike from Thursday at the ferrochrome units of Samancor, a subsidiary of mining giant BHP Billiton. 

Smelter exchange deal concluded

     9th October 2001 Swiss miner Xstrata has concluded an arrangement with Anglo Platinum, in terms of which Xstrata will make available smelting capacity to Anglo Platinum at Xstrata’s Rustenburg ferrochrome plant. 

Gold buys get bullish

     9th October 2001 Fans of gold stocks and gold-orientated mutual funds, clearly a winning bet for investors in 2001, say prospects remain bullish despite a brief pause in the upward trajectory. 

Golden deals on the horizon

     9th October 2001 Rising gold prices have revived interest in gold-mining company mergers and acquisitions, but with several major deals already announced, company executives are not sure how many more transactions are on the horizon. 

New diamond-dump retreatment project

     9th October 2001 A joint venture led by black-owned New Diamond Corporation (NDC) sees a R3,5-million investment in the retreatment of Kimberley’s Caravan Park Dumps, as well as the establishment of a R2,1-million treatment plant near Kamfersdam. 

More gold personnel changes

     9th October 2001 Neal Froneman, currently Harmony’s operations director, is to join JCI Gold as technical director with effect from October 15, 2001. 

Canadian diamond-sampling project

     8th October 2001 Canadian exploration company Pele Mountain Resources has entered into an agreement with De Beers Canada to process a bulk sample of approximately 100 t of ultramafic breccia from Pele’s Cristal diamond occurrence. 

Decision soon on iron plant’s future

     8th October 2001 Resources giant BHP Billiton has confirmed that it will reach a decision on whether to retain, or dispose of its Western Australian hot briquetted iron (HBI) plant by the end of October. 

Gold major’s hedging, acquisition strategy

     8th October 2001 Canadian gold producer Placer Dome CEO Jay Taylor said the company’s hedging programme is contributing an extra $60 an ounce above recent gold prices and the company does not plan to change its strategy. 

Zambian copper, cobalt output rising

     8th October 2001 Zambia's copper and cobalt production rose in the first nine months of 2001 thanks to new investment in mines after privatisation, Finance Minister Katele Kalumba said on Friday. 

UG2 plant on mend

By: Terence Creamer     8th October 2001 South Africa's Impala Platinum Holdings (Implats) said on Friday problems on the milling side of its UG2 concentrating plant at Rustenburg had been resolved and it would now focus on boosting recovery of platinum group metals. 

Australians and Canadians come a-hunting

     5th October 2001 Officials at Australian junior exploration firm Kings Minerals relish recounting how they acquired the Wimbledon diamond prospect near Kimberley, in the Northern Cape. 

Power failures to hit Nigerian uranium output

     5th October 2001 Uranium production in Niger, the world’s third-biggest producer, is likely to be hit this year by power failures on the network supplying the West African country’s two uranium companies. 

Study on for new PGM deposit at Messina

     5th October 2001 Following the successful completion of the financing for phase 1 (Voorspoed Section) of its 70,4%-owned Messina Platinum Project, SouthernEra has started a feasibility study on Phase 2 (Doornvlei Section). 

'Normandy invasion' by year end

     5th October 2001 The world’s leading gold producer, AngloGold, is confident its $1,6-billion offer for Australia’s Normandy Mining will be completed by the end of the year, even though it must first win the approval of regulators in four countries, says executive marketing director Kelvin Williams. 

Candian zinc project completed ahead of schedule

     4th October 2001 The Canadian zinc-copper unit of global mining conglomerate Anglo American, Hudson Bay Mining and Smelting, said the key expansion and modernisation of its zinc plant was completed three months ahead of schedule. 

New gold-marketing drive launched

     4th October 2001 The gold-mining industry unveiled plans this week for a major gold marketing initiative aimed at increasing demand for gold jewellery. 

More tantalum discovered in Africa

     4th October 2001 Africa’s fledgeling tantalum industry has received a boost with Egypt’s discovery of commercially viable quantities of the mineral in the country’s eastern desert. 

Mozal workers face dismissal

     4th October 2001 Mining and minerals group BHP-Billiton said 180 workers at Mozambique’s Mozal aluminium smelter would be fired after they embarked on an illegal strike. 

Gold merger offer available to US shareholders

     4th October 2001 In order to offer US shareholders of Normandy the opportunity to receive and freely trade AngloGold shares in the US, it has been decided that AngloGold will file a Form F4 registration statement with the United States Securities and Exchange Commission (SEC). 

Pressure on Ghana to drop Ashanti 'golden share'

     3rd October 2001 Ghana’s government would not oppose a merger involving Ashanti Goldfields if the move was seen to be in the company’s best interests, the West African country’s finance minister said. 

Coal-contract talks heat up

     3rd October 2001 South African and Australian exporters are locked in the usual stand-off with buyers in both the Western and Eastern hemispheres as annual term contract negotiations get under way, Energy Argus reports. 

Oz nickel project begins producing to plan

     3rd October 2001 The once-troubled Australian laterite nickel project, Murrin Murrin exceeded budgeted production for the month of September, producing 2 193 tons of nickel (111% of budget) and 132 tons of cobalt (136% of budget) as the search for a new CE at Anaconda heats up. 

Another Colombian coal mine on cards for 2002

     2nd October 2001 A consortium grouping Exxon Mobil, BHP Billiton, Glencore International and Anglo American hopes to start production at the Patilla coal-mine in Colombia by the end of 2002, the consortium’s chief said. 

New coking-coal project for Queensland

     2nd October 2001 One of the largest coking-coal deposits in the world, with total resources estimated at 1,2-billion tons, is the site of a development between Rio Tinto and its joint venture partners. 

Metals consulting group formed

     2nd October 2001 Eleven metals specialists have joined forces to create a new global consulting alliance, Metallicarum International Limited (MIL). 

SA iron-ore project less urgent after unbundling deal

By: Terence Creamer     2nd October 2001 The development of the Welgevonden iron-ore mine, in the Northern Cape, is likely to be less urgently pursued following last week’s unbundling agreement between Iscor and the the Industrial Development Corporation IDC. 

“Watershed” event on Copperbelt in DRC

     1st October 2001 First Quantum Minerals has started open-pit mining operations at the Lonshi copper deposit located in the Democratic Republic of Congo (DRC), about 29 kilometres south-east of the Bwana Mkubwa SX-EW facility in Zambia. 

Diamond-mine start-up ahead of time

     1st October 2001 Diamond production has started at SouthernEra Resources’ newly commissioned number four level at its 50% owned Klipspringer diamond-mine in South Africa, about six months ahead of schedule. 

Interest shown in liquidated zinc miner’s assets

     1st October 2001 The world’s largest zinc producer, Pasminco, has received indications from Swiss miner Glencore International, and Canada’s Noranda and Tock Corporation that they may bid for the Century mine, the Australian company’s biggest asset. 

Chibuluma South mothballed

     1st October 2001 As a result of the low copper price and a high costs of operations, the Chibuluma South project in Zambia has been placed on a care-and-maintenance basis by Metorex. 

Mining's 'Ms Safety' gets tough

     28th September 2001 She has proved that action speaks louder than words, having made history in the country as the first South African inspector to close down a mine until such time that it could ensure safety. 

SA company helping Russian giant to go international

     28th September 2001 South Africa's international project development and process engineering group, Bateman Project Holdings, is participating in the facilitation of the first overseas project by the giant Russian Norilsk nickel-mining corporation, Mining Weekly can report. 

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