R/€ = 14.58 Change: 0.06
R/$ = 11.81 Change: 0.15
Au 1333.20 $/oz Change: 18.63
Pt 959.00 $/oz Change: 6.99

Latest News

Kudos for mine-to-mill technique

     24th October 2001 A mining and mineral-processing technique developed at the University of Queensland’s Julius Kruttschnitt Mineral Research Centre (JKMRC) has been awarded the 2001 Australasian Institute of Mining and Metallurgy (AusIMM) mineral industry operating technique award. 

Sustainable mining initiative intensifies

     24th October 2001 The Southern African region of the global Mining, Minerals and Sustainable Development (MMSD) programme is calling for comment on its regional report on sustainable development before October 26. 

Date set for steel-mining unbundling

     24th October 2001 Steel and mining company Iscor announced that all the agreements in respect of its pending unbundling have been concluded and that it will formally list its demerged mining operations, Kumba Resources, on November 26. 

Good response to golden top up

     23rd October 2001 AngloGold, has received a good response from Australian retail brokers to the top-up facility announced with the release of AngloGold’s takeover documents on October 17. 

SA benefits from Aussie heavy-minerals investment

     23rd October 2001 The joint venture Ticor SA, between Kumba Resources, the mining arm of Iscor, the South Africa steel company, and Australia’s Ticor, has brought in the biggest Australian investment to South Africa to date. 

Zimbabwe MP closes mine

     23rd October 2001 Zanu PF MP for Mutoko North, David Chapfika, is defying a disposal order granted by the Ministry of Labour to Ruenya Granite in Mutoko allowing the company to resuscitate operations at the closed mine after ‘war veterans’ halted operations in April, the Zimbabwe Independent reports. 

Black coal leader eyes Mpumalanga growth

     23rd October 2001 South Africa’s fourth-largest coal producer, Eyesizwe is currently conducting a prefeasibility study of its Mpumalanga-based reserve, which is to be completed by year-end, reports CEO Sipho Nkosi. 

Union calls off Mozal strike

     23rd October 2001 Mozambique’s Metal Industry Workers’ Union (Sintime) said on Tuesday it will call off a strike at the 250 000 t/y Mozal aluminium smelter after the union and the Mozambique Trade Union (OTM) reached an agreement with management. 

Terror Tuesday has not changed gold’s fundamentals – GFMS

     22nd October 2001 Last month’s attacks on US cities are no reason to alter Gold Fields Mineral Services’ forecast gold price range this year of $265 to $285 an ounce, Paul Walker, a director at the consultancy, said. 

Mozal mothballing report off the mark

     22nd October 2001 A report of the imminent mothballing of BHP Billiton’s aluminium smelter in Mozambique and its nickel complex in Colombia appears to be way of the mark. 

Platinum firm on fuel-cell watch

     22nd October 2001 The world’s leading platinum producer, Anglo Platinum, continues to closely observe the emerging technology of fuel-cells, which could boost the demand for platinum significantly in the coming decades. 

Free State golden battle erupts

     22nd October 2001 South Africa’s number-three gold producer, Harmony, said it had no plans to dispose of its mining assets in the mineral-rich Free State Province, in spite of an offer by a black-led consortium. 

Fresh Ghana gold acquisition by SA major

     22nd October 2001 South African gold producer Gold Fields and Toronto-based Repadre Capital Corporation said they had reached a memorandum of understanding with Australia’s Ranger Minerals to buy Ranger’s 90% interest in Abosso Goldfields, an unlisted Ghanaian company holding 100% of the Damang... 

New COO for world no.1 gold producer

     22nd October 2001 Dave Hodgson has been appointed as the chief operating officer of AngloGold. 

New techniques to see through the rock

     19th October 2001 To use new non-explosive continuous mining techniques effectively, miners will have to see "through" the rock to discover what lies ahead. 

Love and diamonds could be flipside of 'Terror Tuesday'

     19th October 2001 A US recession could hurt the demand for diamonds, but the head of De Beers, the world’s largest diamond company, said that a rising number of engagements following the September 11 attacks could help restore some luster to an already weak market. 

Gold-beneath-Jo’burg project dusted off

     19th October 2001 South African gold-miner Durban Roodepoort Deep (DRD) reported higher earnings on Thursday on a firmer gold price and lower corporate and financing costs, and predicted a dividend payment in two years. 

Algeria calls global bids for zinc-lead project

     18th October 2001 Algeria issued a new international tender for the development of its Amizour zinc and lead project, which was to have been operated by Canadian mining firm Breakwater Resources. 

Zambia’s copper sell-off was corrupt – report

     18th October 2001 The privatisation of mines in Zambia were fraught with corruption, the Global Corruption Report 2001 has revealed. 

Conflict gem trade continues

     18th October 2001 More than $1-million worth of diamonds are still being smuggled out of Angola every day, despite a campaign to end the trade in ‘conflict diamonds', according to a UN report. 

Big Aussie aluminium shake up

     18th October 2001 Talks between Alcoa and Australian miner WMC likely signal that Alcoa is poised to cement its dominant position in the world markets for aluminum and alumina, allowing it to both cut costs and boost earnings, analysts said on Wednesday. 

Legal status of aluminium strike questioned

     18th October 2001 The National Union of Metalworkers of South Africa (Numsa) said it would launch industrial action at BHP Billiton’s Bayside and Hillside aluminium smelters from today. But BHP Billiton spokesperson Michael Campbell said Numsa had not given the company the legally-required seven-day formal... 

Price downswing predicted for coal

     17th October 2001 Prices in the forward financial markets are falling and the physical coal market is bracing itself for a price downswing, the Energy Argus reports. 

Aussie magnesium plans progress

     17th October 2001 Gold-miner Normandy Mining’s 62%-owned subsidiary Australian Magnesium Corporation (AMC) announced arrangements for a capital raising for up to $525-million for the development of the Stanwell magnesium project. 

Mining houses keep close watch on rail restructuring

     17th October 2001 Mining houses are closely observing the outcome of State-owned railways company Spoornet’s restructuring plan for its two key profit centres, Orex, the iron-ore line from Sishen to Saldanha, and Coallink, the Middelburg-to-Richards Bay coal line. 

New sweetener in gold acquisition

     17th October 2001 AngloGold said it will offer retail investors in takeover target Normandy Mining additional shares in AngloGold at a discount to take up the offer. 

Cash offer for Free State mines

     17th October 2001 A black-led South African mining consortium said its all-cash offer for AngloGold’ Free State assets included an option for AngloGold to keep an interest in the mines. 

Gold takeover documents released

     17th October 2001 Leading gold producer AngloGold today lodged its formal offer documents and shareholder circular in respect of its offer for Normandy Mining with the relevant regulatory authorities. 

Colombian coal in Europe poses threat to SA producers

     16th October 2001 South African producers are showing signs of relenting from the prices that they have stuck to for much of September and October, although the issue of oversupply still dominates the European coal market. 

$14-billion capex in Oz metals, minerals sector this year

     16th October 2001 Australia is seeing record capital expenditures in the metals and minerals industry and accounts for about 15% of worldwide production of metal and minerals, reports CNN Money. 

Striking a balance between mining and rights

     16th October 2001 Countries in the developing world and their governments which are competing for foreign minerals investment are faced with the challenge of drafting policies that reward the investor with a significant portion of mineral rents. 

Free State bidding war heats up

     16th October 2001 A black-led South African mining consortium announced a bid for four AngloGold mines, setting the stage for a battle over key assets in the country’s mineral-rich Free State province. 

State gem miner seeks to boost shallow-water output

     15th October 2001 State-owned diamond-mine Alexkor is set to increase its shallow-water activities by as much as 50%. 

Australia gives backing to nickel project

     15th October 2001 The Western Australian government intends spending A$18,4-million on roads, houses and an airport in an effort to persuade BHP Billiton to build a nickel-mine in the state. 

China to raise coal exports – report

     15th October 2001 A new report by DRI WEFA Energy Services, a London- and Boston-based consultancy, states that China will increase coal exports, which will have a moderating effect on prices. 

Konkola Deep project postponed

     15th October 2001 The start of the Konkola Deep Mining Project had been deferred due to difficult market conditions and a lack of financing for the project, said Zambia Copper Investments (ZCI). 

Fresh PGM moves on Bushveld East limb

     12th October 2001 Canadian resources company, SouthernEra Resources reports the acquisition of a 100% interest in the Millennium platinum-group metals (PGM) project located on the eastern limb of the Bushveld Igneous Complex in South Africa. 

New alumina refinery for Queensland

     12th October 2001 The world’s third-largest mining company, Rio Tinto, will next week give final approval to build a $1,4-billion alumina refinery at Gladstone in Queensland State, the Australian Financial Review reported 

RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
Free daily email newsletter Register Now