R/€ = 16.85 Change: -0.03
R/$ = 14.34 Change: -0.04
Au 1197.98 $/oz Change: -10.24
Pt 827.50 $/oz Change: -9.49

Latest News

Big coal conference set for Colombia

16th January 2004 International coal consultancy, McCloskey Coal, will be hosting an global coal conference of the Americas in Colombia from March 18 to 19. 

Copper prices rise, but aluminium stalls

16th January 2004 As the global economy rebounds and base metals prices soar to multi-year highs, analysts said a ramp up is imminent in copper capacity idled during the manufacturing downturn, but alumina shortages and expensive power will stall aluminium restarts. 

Mining consultant launches exploration division

16th January 2004 South African mining consultant, Snowden Mining, has launched a new business division focused on turnkey exploration project management. 

Gold set for 15% rise this year, chained to dollar

16th January 2004 Gold was seen scoring double-digit gains for the third successive year in 2004 due mainly to expectations that the dollar, the major driver behind bullion's impressive rise, would weaken further, a poll of analysts showed yesterday. 

Kansteiner and Jonah join Sierra Mineral Holdings

16th January 2004 Former US assistant secretary of State Walter Kansteiner III and Dr Sam Jonah have joined the board of Sierra Mineral Holdings, a company based in Sierra Leone. 

DRC gives approval for Kolwezi tailings project

16th January 2004 International mining company America Mineral Fields (AMF) yesterday announced that the Government of the Democratic Republic of Congo (DRC) has approved the Kolwezi tailings project. 

China smelters, BHPB set 2004 copper fees

15th January 2004 China's major copper smelters have agreed to receive lower fees this year for processing copper concentrate from BHP Billiton, industry sources said. 

Innovative keyhole mining system to be built

15th January 2004 The world’s first remotely operated keyhole underground mining/dredging system, developed over the past ten years in Australia by Perth-based Subterranean Operated Remotely Dredge (Sord) Technologies, will be constructed and tested in prototype form this year, with an initial focus on... 

Plan submitted for Kenya mineral-sands project

15th January 2004 Canadian exploration and resources company Tiomin Resources yesterday announced that it has filed the draft fiscal/investment agreement for the Kwale titanium mineral sands project on December 23, 2003, with the government of Kenya. 

Xstrata consolidates copper business

15th January 2004 Swiss-based diversified miner Xstrata yesterday announced the realignment of its two copper businesses with the management structure of the other commodity business across the group. 

Former Gold Fields head appointed to UK firm

15th January 2004 Former Gold Fields CEO Richard Robinson has been appointed non-executive director at UK-based resources company Marakand, a member of the Oxus Gold group which has developed an operation in Uzbekistan. 

Progress made on Pilbara iron-ore co-operation

15th January 2004 Diversified mining giant Rio Tinto said yesterday that it has reached agreement with the Robe River joint venture participants to allow for closer cooperation between the iron-ore operations of Hamersley Iron and Robe in the Pilbara region of Western Australia. 

SA jeweller sees strong China platinum sales

15th January 2004 Chinese demand for platinum jewellery is expected to remain strong in the coming years despite soaring prices of the white metal, a senior South African jeweller said yesterday. 

Mvela signs two DRC deals for ‘world-class’ deposits

By: Martin Czernowalow     15th January 2004 South African empowerment mining company Mvelaphanda Holdings signed two important deals in the Democratic Republic of Congo (DRC) yesterday, as part of efforts to consolidate its mining interests in central and southern Africa. 

First Indian rough diamond tender completed

15th January 2004 International trading company Rapaport’s first tendered offering of rough diamonds for the Indian diamond cutting and polishing industry reportedly closed successfully on Tuesday, with all lots being sold. 

Uganda cobalt company to start production

15th January 2004 The Kasese Cobalt Company Ltd (KCCL) is set to resume cobalt production at its plant in Uganda next month amid higher prices for the metal, a senior official said yesterday. 

Xstrata sells Queensland gold mine

14th January 2004 International resources group Xstrata reported yesterday that it has entered into an agreement with Resolute Mining for the sale of the Ravenswood Gold Mine, located in Queensland, Australia, for a headline price of $45-million. 

BHPB discovers oil in Mexican Gulf

14th January 2004 The world’s largest diversified miner BHP Billiton (BHPB) yesterday announced that it had completed drilling the Puma-1 exploration in the deepwater Gulf of Mexico, simultaneously encountering 500 ft of net oil pay in Miocene sandstones. 

IMF sees gold, platinum driving rand value

14th January 2004 Higher gold and platinum prices have been the main force driving the South African rand's sharp gain against the US dollar since last year, a senior International Monetary Fund (IMF) official said. 

SA gold output edges up in Sept-Nov 2003

14th January 2004 Seasonally-adjusted South African gold output rose 0,3% while overall mineral production increased 2,4% during the three months to November 2003 compared to June-August 2003, Statistics South Africa said yesterday. 

Rand Refinery achieves ‘good delivery’ referee status

By: Martin Czernowalow     14th January 2004 South Africa’s Rand Refinery, on Johannesburg’s East Rand, yesterday announced its appointment by the London Bullion Market Association (LBMA) as an LBMA approved ‘good delivery’ referee. 

Thistle completes private placement

14th January 2004 Canadian junior Thistle Mining, which owns the struggling President Steyn gold-mine in the Free State, has announced the completion of a private placement of 149 110 246 units at a price of C$0,30/unit for aggregate gross proceeds of about C$44,7-million. 

Hope Downs will not reveal potential partners

By: Martin Czernowalow     13th January 2004 Shareholders have yet to finalise a shortlist of potential partners for the Hope Downs iron-ore project, but the list would not be made public once completed, a top official told Mining Weekly Online. 

Mintek offers minerals-processing training

13th January 2004 Starting this year, State-owned mineral and metallurgy specialists Mintek, in association with industry and South African universities, will be offering an intensive five-week course in minerals processing for recent university graduates and technikon diplomates working in the South African... 

China zinc smelters reduce 2004 premium hikes

13th January 2004 China's major zinc producers cut $10 from their term premium offers for 2004 shipment after foreign customers gave a cool response to earlier prices, trade sources said yesterday. 

Phamine goes into provisional liquidation

By: Martin Czernowalow     13th January 2004 South African black economic empowerment tin-mining company Phamine Mining Holdings has been provisionally liquidated. 

Gold zones intersected in Burkina Faso

12th January 2004 Canadian exploration company Etruscan Resources at the weekend discovered that the first five holes from its diamond-drilling programme on the Youga Gold Deposit in Burkina Faso, have all intersected high-grade gold mineralisation. 

BHPB and NUM to discuss job-cut plan

By: Martin Czernowalow     12th January 2004 South Africa’s National Union of Mineworkers (NUM) is set to meet with BHP Billiton on Wednesday in a bid to avert some 400 job losses at the mining giant’s Ingwe Collieries. 

First gold pour for Uzbek operation

12th January 2004 British-based gold firm Oxus Gold confirmed at the weekend that its Amantaytau operation in Uzbekistan had successfully poured gold, following the start of gold production earlier this month. 

Explorer confirms Madagascar nickel-copper zone

9th January 2004 Canadian platinum explorer Jubilee Platinum has released statistical analysis confirming the presence of a continuous high-grade anomalous nickel-copper zone on its concession in Madagascar. 

Oz junior restructures executive

9th January 2004 Australian gold junior Tanami Gold yesterday announced a change in directors roles, due to the company’s development towards producer status, following its successful bid for AngloGold Australia’s Western Tanami Project including the Coyote gold deposit. 

Contractual issues delay Hope Downs’ search for partners

By: Martin Czernowalow     9th January 2004 The search for partners for the Australian Hope Downs iron-ore project is being delayed by ‘contractual issues’ between Kumba Resources and Hancock Prospecting, a Kumba spokesperson told Mining Weekly Online. 

MQA offers training grants to mining assessors

9th January 2004 The Mining Qualifications Authority (MQA) is offering training grants to facilitate legal mining requirements for legal assessors to be certified by May this year. 

RBCT announcement expected next week

By: Martin Czernowalow     8th January 2004 The expansion of the Richards Bay Coal Terminal (RBCT) finally seems set to go ahead, following reports that a memorandum of understanding was signed between RBCT and the National Ports Authority (NPA), last month, Mining Weekly Online exclusively reports. 

First Indian rough diamond tender launched

8th January 2004 Diamond trading and polishing company Rapaport India launched the country’s first rough diamond tender yesterday, which will conclude on January 13, 2004, as buyers began viewing rough diamonds in the company’s offices. 

Rock burst kills three in AngloGold mine

8th January 2004 A rock burst caused by an earth tremor killed three miners on Tuesday at the Savuka mine in South Africa, mine operator Anglogold said. 

Mining machinery company opens in China

8th January 2004 Mining machinery company Joy Mining Machinery has officially opened a new service centre and warehouse in China. 

Newmont starts Phoenix development

8th January 2004 The world’s largest gold producer, Newmont Mining, announced this week that it is to go ahead with developing its Phoenix gold/copper project, in Nevada. 

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