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Mining Indaba

Supply constraints to boost uranium price, Froneman says

By: Matthew Hill     22nd February 2008 TSX- and JSE-listed uranium miner Uranium One CEO Neal Froneman echoed experts' forecasts that the uranium price would continue to increase over the medium term. 

Simulated techniques help miners learn effectively

By: Shannon de Ryhove     22nd February 2008 Mining contracting company Murray & Roberts Cementation says that its focus during networking at the Mining Indaba was on skills development and the strategies it has in place to ensure increased exposure of its resources. 

Uranium faces continued bumpy ride

By: Matthew Hill     22nd February 2008 The long-term fundamentals for the uranium price looked strong, with possible northward movement in the future, unless there was a worldwide recession, an expert on the nuclear fuel said. 

Resource-hungry China to boost Africa's growth until at least 2010

By: Matthew Hill     22nd February 2008 The burgeoning Chinese economy's hunger for Africa's resources would present the continent with the opportunity to keep growing until 2009/10 and possibly beyond, in spite of a looming US recession, an expert said on the last day of this year's Mining Indaba. 

Zimbabwe mining 'not as bad as it looks'

By: Matthew Hill     22nd February 2008 The actual risk in the Zimbabwean mining industry was not nearly as bad as perceived, a junior operating in the country said, likening its situation to being "alone in Alladin's cave". 

Don't take foreign investors for granted, Africa cautioned

By: Matthew Hill     7th February 2008 The Mining Indaba conference in Cape Town came to a close on Thursday with a stern warning to African countries to be wary of shutting out western investors in favour of China, and introducing laws that would deter investors. 

Zimbabwe mining 'not as bad as it looks'

By: Matthew Hill     7th February 2008 The actual risk in the Zimbabwean mining industry was not nearly as bad as perceived, a junior operating in the country said on Wednesday, likening its situation to being "alone in Alladin's cave".  

Zimbabwe won't grab free stake in mining firms

By: Reuters     7th February 2008 Zimbabwe's draft mining bill will not force firms to give a stake to the government for free as previously feared, and will be debated by parliament after elections next month, a senior official said on Thursday. 

Africo’s much-delayed copper project to start production by end ‘09

By: Jade Davenport     7th February 2008 TSX-listed junior miner Africo Resources said on Thursday that its Kalukundi copper project in the Democratic Republic of Congo (DRC) would be in production by the end of 2009. 

Canadian junior to complete Central African gold study by March

By: Jade Davenport     7th February 2008 TSX-listed exploration and emerging miner Axmin planned to complete the feasibility study for its 2,6-million ounce Passendro Gold project in the Central African Republic by the end of the first quarter this year. 

Resource-hungry China to boost Africa’s growth until at least 2010

By: Matthew Hill     7th February 2008 The burgeoning Chinese economy’s hunger for Africa’s resources would present the continent with the opportunity to keep growing until 2009/10 and possibly beyond, in spite of a looming US recession, an expert said on Thursday.  

Burundi hopes to attract mining investment

By: Jade Davenport     6th February 2008 The Burundi government was proactively promoting foreign investment in its small and largely underdeveloped mining sector.  

Tjate study to include costs for supplying own power - Jubilee

By: Matthew Hill     6th February 2008 Johannesburg- and London-listed junior miner Jubilee Platinum, which plans on building a 330 000 oz/y mine at its Tjate project on the western limb of the Bushveld Complex, will include a cost of between $30-million to $40-million in its feasibility study on the potential mine to generate its own... 

De Beers granted new-order mining right for Venetia

By: Matthew Hill     6th February 2008 World number-one diamond producer has received notification that it had been awarded new-order mining rights at its biggest mine in South Africa, Venetia, MD Gareth Penny announced at the Mining Indaba in Cape Town.  

First Quantum sees 37% growth in copper output this year

By: Jade Davenport     6th February 2008 TSX-listed emerging miner First Quantum Minerals said it was pursuing an aggressive copper production expansion programme that would see its output rising by 37% to 310 000 t/y this year, and by almost 86% to 421 000 t/y over the medium term. 

Power 'pain' must be shared transparently, fairly, consistently, BHP's Beaven insists

By: Martin Creamer     6th February 2008 The process of power-crisis pain sharing must be transparent, fair and consistently applied, BHP Billiton president manganese Peter Beaven said in Cape Town on Wednesday. Beaven said that when the electricity system came under a lot of pressure "they took aim at the mining industry".... 

$900m DRC copper mine to come on stream in '09 

By: Jade Davenport     6th February 2008 It was announced on Wednesday that mine production at the $900-million Tenke Fungurume copper-cobalt project in the Democratic Republic of Congo (DRC) would begin next year.  

Waterberg coal enough to host eight power stations, says Exxaro's Nkosi

By: Martin Creamer     6th February 2008 The Waterberg had sufficient coal to host eight power stations and Exxaro would be coal mining there for the next 200 years, Exxaro Resources CEO Sipho Nkosi told the Mining Indaba in Cape Town on Wednesday.  

We've struck oil, Uganda Minerals Minister announces

By: Martin Creamer     5th February 2008 Central African state Uganda had struck oil and production would begin in June, Ugandan Mineral Development Minister Dr Cos Kamanda Bataringaya told the Mining Indaba in Cape Town on Tuesday.  

IDC invests R100m in iron-ore beneficiation technology

By: Jade Davenport     5th February 2008 State-owned financier the Industrial Development Corporation (IDC) announced that it would invest R100-million in a ground-breaking new technology that would convert superfine iron-ore into high quality iron units.  

Supply constraints to boost uranium price, Froneman says

By: Matthew Hill     5th February 2008 TSX- and JSE-listed uranium miner Uranium One CEO Neal Froneman on Tuesday echoed experts' forecasts that the uranium price would continue to increase over the medium term.  

Private sector to be Zambia’s main minerals exporter with introduction of new mining laws

By: Jade Davenport     5th February 2008 The Zambian government reiterated its intention to revise mining regulations and taxes this year in order to further promote foreign investment in this sector. 

AngloGold remains 'very excited' on DRC prospects

By: Martin Creamer     5th February 2008 New York and Johannesburg-listed AngloGold Ashanti remained "very excited" about prospects for large gold deposits in northeastern Democratic Republic of Congo (DRC), executive vice-president business development Richard Duffy told the Mining Indaba in Cape Town on Tuesday. Duffy said... 

Bankers ‘energetically' encouraging dubious gold prospects, Randgold's Bristow warns

By: Martin Creamer     5th February 2008 Bankers were ‘energetically' encouraging dubious gold prospects for a market looking for ‘instant gratification' rather than benefitting all stakeholders, Randgold Resources CEO Dr Mark Bristow told the Mining Indaba in Cape Town on Tuesday.  

Rio Tinto announces coal resource of 1,04bn t at Chapudi

By: Jade Davenport     5th February 2008 Diversified-miner Rio Tinto announced on Tuesday that it had further strengthened its presence in South Africa’s mining sector with the discovery of an openpit coal resource of 1,04-billion tons in the Limpopo province.  

Anglo sees a 'decade of possibilities' in Africa

By: Matthew Hill     5th February 2008 "Africa's time has come," was the message that diversified mining giant Anglo American CEO Cynthia Carroll left her audience at the Mining Indaba conference with, saying that the continent's mining industry had a decade of possibilities to look forward to, thanks mainly to... 

Clinton-linked ‘better world' mining initiative to roll out in Africa

By: Martin Creamer     5th February 2008 A Bill Clinton-linked nongovernmental organisation, which has already raised $350-million to create sustainable development, will roll out in South America from March 1 and then Africa.  

SA's power crisis serious, but not a disaster - Anglo

By: Matthew Hill     5th February 2008 Anglo American, the mining company with the most operations in South Africa, CEO Cynthia Carroll on Tuesday said that the power crisis that has knocked the country's mining output severely this year was serious, but not a disaster, saying that key stakeholders needed to cooperate to surmount... 

Copper prices may ease; supply seen rising this year

By: Jade Davenport     4th February 2008 The outlook for the copper-trading price over the next four years was predicted to be substantially lower than the current prices of more than $7 200/t. 

US recession would rout base metals prices - economist

By: Jade Davenport     4th February 2008 Canada-based Dundee Wealth Economics chief economist Dr Martin Murenbeeld said on Monday that a looming recession in the US was the most immediate factor challenging the sustainability of curently-high commodity prices. 

GFMS maintains forecast of $1 000/oz gold by year-end

By: Jade Davenport     4th February 2008 Precious metals consultant GFMS CEO Dr Paul Walker reiterated on Monday that the gold price could reach as high as $1 000/oz by the end of 2008. 

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