Mining Indaba
Mining Indaba Review
Africa ready to help kick-start melting global economy
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Africa has an unprecedented opportunity to contribute to the kick-starting of the down-turned global economy as it prepares for a revival of the commodities boom, says Anglo American South Africa head Kuseni Dlamini.
By: Martin Creamer
27th February 2009
Mining Indaba Review
Africa, China economic
growth intertwined
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A new coupling of Africa and China’s economies is beginning to materialise, suggests Frontier Advisory CEO Dr Martyn Davies.
Addressing delegates at the Mining Indaba in Cape Town recently, Davies explained that, in 1996, an economic growth...
By: Jade Davenport
27th February 2009
Mining Indaba Review
Australia committed to Africa despite credit crunch
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Despite the global economic downturn, Australia’s confidence in the African resource sector remains strong, says Australian High Commissioner to South Africa Ann Harrap.
By: Jade Davenport
27th February 2009
Mining Indaba Review
Commodities market to bottom out
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UK-based financial institution Barclays Capital expects that, while the commodity outlook for 2009 is inauspicious, there are signs that the market has begun to bottom out.
By: Jade Davenport
27th February 2009
Mining Indaba Review
Copper may average $4 200/t this year
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Copper prices are expected to recover to an average of $4 200/t in 2009, says Standard Bank head of commodities research Walter de Wet. Although he did not see any short-term upside for commodities, De Wet predicts that the commodity market, and...
By: Jade Davenport
27th February 2009
Mining Indaba Review
Gold junior
to complete prefeasibility study by April
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TSX- and JSE-listed junior miner Wits Gold will complete the prefeasibility study for its Bloemhoek project, in South Africa’s Free State province, in April this year.
Speaking to Mining Weekly at the Mining Indaba 2009, in Cape Town, Wits...
By: Jade Davenport
27th February 2009
Mining Indaba Review
Gold major targets 4Moz a year by April
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South African gold major Gold Fields is targeting a production rate of four-million ounces a year by April at a time of rising revenue in both dollar and particularly local-currency terms and falling costs, says Gold Fields CEO Nick Holland.
By: Martin Creamer
27th February 2009
Mining Indaba Review
Precious metals analyst bullish on short-term gold outlook
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UK-based precious metals analyst GFMS Metals Consulting expects the average price of gold for 2009 to be $970/oz, and sees the price rising to about $1 100/oz by the end of the year. GFMS CEO Paul Walker says that the short-term outlook for gold...
By: Jade Davenport
27th February 2009
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