Mining Indaba
Mining Indaba
De Beers granted new-order mining right for Venetia
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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.
By: Matthew Hill
22nd February 2008
Mining Indaba
First Quantum sees 37% growth in copper output this year
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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.
By: Jade Davenport
22nd February 2008
Mining Indaba
GFMS maitains forecast of $1 000/oz gold by year-end
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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.
By: Jade Davenport
22nd February 2008
Mining Indaba
Harmony CEO eyes 2,5m ounces in output by 2010/11
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South Africa's Harmony Gold said it expects to produce 2,5-million ounces of gold in the 2010/11 financial year from two-million ounces currently, while slashing costs.
By: Reuters
22nd February 2008
Mining Indaba
IDC invests R100-million in iron-ore beneficiation technology
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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.
By: Jade Davenport
22nd February 2008
Mining Indaba
Lack of iron-ore transparency decried
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The lack of transparency in the iron-ore business needed to be counteracted, veteran iron-ore watcher Magnus Ericsson told the Mining Indaba in Cape Town.
By: Martin Creamer
22nd February 2008
Mining Indaba
Minister Buyelwa Sonjica heaps Indaba praise on Anglo’s Cynthia Carroll
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Minerals and Energy Minister Buyelwa Sonjica heaped praise on Anglo American CEO Cynthia Carroll in an opening address to 3 500 of the world’s leading mining investors globally at this year’s Mining Indaba, held in Cape Town.
By: Martin Creamer
22nd February 2008
Mining Indaba
Nickel 'well supported' at $25 000/t going forward
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The market for nickel, mainly used in stainless steel production, would support a price of $25 000/t going forward, VM Group CEO Jessica Cross said at this year's Mining Indaba.
By: Matthew Hill
22nd February 2008
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