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Latest News

New exploration push at PGM-nickel prospect

By: Nicola Mawson     11th May 2005 Canada-and-UK-listed Franconia Minerals and its joint venture partner, Beaver Bay Joint Venture (BBJV), have announced that BBJV has acquired some 5 201 acres of mineral rights. 

Mine safety battle far from won - mines inspector

By: Nicola Mawson     11th May 2005 Ten years after a locomotive plunged down Vaal Reefs number two shaft, killing 104 miners, seven miners were trapped some 2 000 m underground in a Gold Field's mine near Carletonville. 

SA diamond output at record levels in 2004

11th May 2005 The Minerals Bureau of South Africa has revealed that preliminary statistics indicate that South Africa’s diamond production in 2004 achieved a new record level of 14,4-million carats, representing an increase of 11% compared with the 12,8-million carats produced in 2003, attributable to... 

Tribunal approves Harmony-Gold Fields merger

11th May 2005 The South African Competition Tribunal yesterday approved Harmony's proposed merger with Gold Fields, but has changed a Competition Commission condition to reflect that no more than 1 000 merger-related retrenchments can occur above the level of 'Patterson Grade C', or equivalent. 

JCI shrugs off legal challenge

11th May 2005 Mining finance-resource company JCI CEO Brett Kebble yesterday said that the company had provided the court sheriff with proof of its ability to pay if required in a disputed transaction. 

Four confirmed dead following Driefontein quake

11th May 2005 Gold-miner Gold Fields has announced that, following yesterday’s earthquake in the region around the group’s Driefontein mine, the number of fatalities has risen to four. 

Sub Nigel hopes to start mining by end June

By: Nicola Mawson     10th May 2005 Development miner Sub Nigel at the weekend announced that the Department of Minerals and Energy (DME) had accepted its application for new order rights. 

Vaal Reefs tragedy commemorated 

By: Nicola Mawson     10th May 2005 Ten years ago 104 miners plunged to their death when an underground locomotive carriage fell from the 1 700-m deep 56 level onto a cage laden with night shift miners. 

Joburg hosts mining occupational-health event

10th May 2005 The Centre for Sustainability in Mining and Industry (CSMI), an organisation which provides education and training in the fields of safety, health, environment and community-impact management, is to hold a one-day colloquium entitled “Wellness in the Workplace” at Sturrock Park, in... 

Innovative management solution for Chile mine

10th May 2005 Diversified miner BHP Billiton will be using Modular Mining's IntelliMine mine-management system to increase productivity at its new Spence open-cut operations. 

SA mineral exports rose to $13,2bn in 2004

10th May 2005 Platinum group metals (PGMs) have surpassed gold as number one foreign revenue earner, the April 2005 MB Bulletin released by the Minerals Bureau yesterday stated. 

Clock ticking on Harmony-Norilsk alliance

By: Nicola Mawson     10th May 2005 Should the Competition Tribunal take the full ten working days allotted to it to make a decision on the legality of gold-miner Harmony's hostile bid for Gold Fields, a ruling will only emerge on May 23, two days after the expiration of its crucial irrevocable agreement with Norilsk Nickel of Russia. 

Mining town in ‘economic state of emergency’

By: Liezel Hill     10th May 2005 Trade union Solidarity yesterday unveiled a so-called ‘emergency aid plan’ for the embattled mining community of Stilfontein, with general secretary Flip Buys describing the situation as an, “economic state of emergency”. 

BEE miner, Skeat in legal showdown

10th May 2005 Black economic empowered (BEE) mining investment company Kabusha Mining & Finance says it will petition the Supreme Court of Appeals (SCA) to overturn a R52-million High Court judgment against it. 

Canadian explorer awarded PGM prospecting rights

9th May 2005 Canadian junior Caledonia Mining Corporation has announced that it has been granted ‘new order’ prospecting rights, in accordance with the Mineral and Petroleum Resources Development Act, for a property within its Rooipoort Platinum Project. 

DRC, SA firms in exploration pact

By: Nicola Mawson     9th May 2005 An agreement signed at the weekend will see all of the Democratic Republic of Congo (DRC) being explored to determine its mineral wealth. 

Harmony ‘surprised’ by Labour Court ruling

By: Liezel Hill     9th May 2005 The Labour Court on Friday ruled in favour of the National Union of Mineworkers (NUM) against gold-miner Harmony in a precedent-setting judgement, which may have important implications for similar cases in the future. 

Wits awards four mining doctorates

9th May 2005 The University of the Witwatersrand’s School of Mining Engineering has, for the first time in history, graduated four PhD students all at one time. 

Uranium hopeful still bullish on commodity's prospects

By: Nicola Mawson     9th May 2005 Uranium hopeful Aflease Gold and Uranium Resources remains bullish about prospects for the commodity despite the recent correction in share prices of major uranium companies globally. 

Botswana nickel miner reports processing breakthrough

By: andrew lanham     9th May 2005 At a time when the world demand for copper and nickel is escalating rapidly, a new metallurgical process is set to render the traditional smelting/refining route for these base metals redundant. It will also enable the profitable mining of large, lower-grade deposits of these metals. 

Anvil to move ahead with new DRC venture

6th May 2005 Base-metals junior Anvil has completed a due diligence review of the Mutoshi copper-cobalt project, located in the Kolwezi Region of the Democratic Republic of Congo (DRC), and has committed itself to the development of a starter-project, which is expected to be in production before the end of 2005. 

Botswana gets set for resources gathering

By: Liezel Hill     6th May 2005 Diamond-rich Botswana will this year host a conference aimed at facilitating communication between resource companies operating in the country, potential investors and government. The conference will take place in the country’s capital, Gabarone, on August 10 – 12. 

Find-and-develop remains core value at Randgold Resources'

By: Nicola Mawson     6th May 2005 London-and-Nasdaq listed gold-miner Randgold Resources will continue to consider acquisition opportunities, but remains focused on creating value through an aggressive exploration and mine-development campaign on the African continent. 

Workers to protest outside DRDGold’s offices

6th May 2005 Between three to six thousand mineworkers facing lay offs at DRDGold’s liquidated Northwest operations are expected to march on the company’s offices in Johannesburg today, the National Union of Mineworkers (NUM) has announced. 

Labour Court rules against Harmony

By: Liezel Hill     6th May 2005 The Labour Court on Friday ruled in favour of the National Union of Mineworkers (NUM) and against gold-miner Harmony in a precedent-setting judgement, which may have important implications for similar cases in the future. 

Waterval smelter contract nears end

6th May 2005 Instrumentation firm B&W Instrumentation and Electrical has said that it is on track to complete its contract at the Anglo Platinum converting process 

Court postpones NUM, Harmony ruling

5th May 2005 The Labour Court yesterday postponed decision to give judgments on the interdict brought by the National Union of Mineworkers (NUM) against Harmony, says the union. 

Gold bidder cautions liquidator against 'cherry picking'

By: Nicola Mawson     5th May 2005 One of the bidders for DRDGold's liquidated Buffelsfontein Gold Mines has cautioned the liquidator not to 'cherry pick' the best assets to pay off creditors. 

New chrome landscape emerging with yet another deal

By: Liezel Hill     5th May 2005 Global chrome industry leader Xstrata and its black economic-empowered (BEE) partner Merafe yesterday announced plans for the purchase of assets and resources from Samancor Chrome worth $83-million, which, if approved by the competition authorities, would make the two partners easily the... 

Gold leader merges management of two mines

By: Nicola Mawson     4th May 2005 International gold-miner AngloGold Ashanti yesterday merged the management of the operations of its Savuka and Tau Tona mines in the Carltonville area. 

Gold leader flexes operational muscle

By: Nicola Mawson     4th May 2005 Gold leader AngloGold Ashanti yesterday paraded its strongly-performing ice-cooled Mponeng mine to a 30-strong local and international media delegation. 

Lesotho gem-miner to be dual listed

4th May 2005 Lesotho's diamond mine is to be listed in London and Johannesburg, it was announced yesterday. 

Diamond miner eliminates royalty overhang

4th May 2005 Canadian-listed diamond producer Diamond Fields International (DFI) announced late last week that it had reached agreements with Jean-Raymon for the cancellation of all outstanding royalty obligations held by a company controlled by Boulle. 

Gold hopeful in BEE move

4th May 2005 Toronto-listed miner Great Basin Gold announced on Friday that it had signed heads of agreement (HoA) with Tranter Investments, a black economic-empowerment (BEE) company, in relation to the Burnstone Gold project. 

Junior secures West Bushveld rights

4th May 2005 Canadian explorer Platinum Group Metals has announced its acquisition of mineral and surface rights to 365,64 ha of the Elandsfontein 102 JQ farm on the south-western corner of the Western Bushveld Joint Venture (WBJV) property, near Rustenburg. 

Netcare eyes mining opportunities

4th May 2005 JSE Securities Exchange-listed healthcare provider Netcare is pursuing discussions with various South African mining companies in a bid to increase its participation in the sector. 

SA pump manufacturer wins Mali mine order

4th May 2005 Local pump-manufacturer CH Warman has been awarded a contract for the supply of 30 pumps to Randgold Resources’ Loulo gold project, in Mali. 

Randgold reports lower earnings

3rd May 2005 South African mining company Randgold & Exploration (RG&E) reported a profit of R120-million for the year ending December 31, against a profit of R177-million in the previous year. 

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