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Sector News

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LABOUR

Chile miners threaten action against BHP mines Restricted

A leading Chilean mine union on Friday threatened to halt output at mines owned by BHP Billiton in solidarity with strikers at its Spence deposit, fanning supply disruption fears in the top copper producer. Such a move by the mining federation,...
20th November 2009
 
GOLD

Central Rand Gold’s BEE partner to appeal court ruling Restricted

Black-empowered Puno Gold Investments has again brought an application against junior gold-miner Central Rand Gold (CRG), this week, applying for leave to appeal the South Gauteng High Court’s earlier decision to dismiss Puno’s interdict with...
20th November 2009
 
MINING REHABILITATION

SA miners to face the strong arm of the law for rehab noncompliance Restricted

On a continent blessed with a wealth of mineral resources, these riches also carry an underlying tone of blackness fraught with pollution, land degradation and health and safety risks. With over a century of mining history in South Africa, the...
20th November 2009
 
MARINE MINING

De Beers, AngloGold JV targets New Zealand offshore Restricted

A joint venture between De Beers and AngloGold Ashanti expects to start its first underwater drilling for gold in the second quarter of next year, the general manager of De Beers Marine said on Friday. De Beers Marine provides the technical...
20th November 2009
 
PRECIOUS METALS

Silver likely to reach $20/oz in short term - GFMS Restricted

Silver prices would likely reach the $20/oz level in the short term, as surging investment drives prices higher, precious metals consultancy GFMS forecast on Friday. The silver price had averaged at $14,06/oz for the first ten months of 2009, a...
20th November 2009
 
COAL

Firestone-Sekoko JV acquires surface rights in Waterberg Restricted

ASX- and JSE-listed Firestone Energy and its joint-venture (JV) partner, Sekoko Coal, have acquired surface rights to a farm that formed an important part of its Waterberg coal project. The JV had acquired the surface rights of the 1 160 ha...
20th November 2009
 
PEOPLE

Gold Fields’ Australia VP Baldwin to step down Restricted

Glenn Baldwin, the executive vice-president (VP) and head of gold-miner Gold Fields’ Australia region, would resign as of December 31, 2009. Baldwin would join Australia’s Consolidated Minerals as COO in February next year.
20th November 2009
 
GOLD

Gold eases on firm dollar, investment demand supports Restricted

Gold eased on Friday as the dollar's rise prompted investors to book profits after prices hit record highs above $1 150 earlier in the week, but bullion's appeal as an alternative asset kept support firm. At current market levels, gold was set...
20th November 2009
 
GOLD

Pacific Rim says arbitration tribunal formed for El Salvador case Restricted

An arbitration case brought by Pacific Rim Mining against the government of El Salvador will move ahead, as the arbitration tribunal has now been constituted, the company reported on Thursday. Pacific Rim embarked on arbitration proceedings...
20th November 2009
 
GOLD

NovaGold may consider restarting Rock Creek in 2010 Restricted

Vancouver-based NovaGold Resources could restart operations and complete commissioning at its Rock Creek mine, in Alaska, next year, corporate development vice-president Greg Johnson said on Thursday. The company began commissioning Rock Creek...
20th November 2009
 
GOLD

DRDGold plunges to R63m Q1 loss in ‘conspiracy of challenges' Video Available Restricted

DRDGold CEO Niel Pretorius JSE-and Nasdaq-listed gold miner DRDGold has plunged into a R63,3-million net loss in a September quarter of seismicity, labour and currency hardships. "There was almost a conspiracy of challenges in the last few months," DRDGold CEO Niel...
22nd October 2009
 
GOLD

Gold Fields’ St Ives mine aiming to return to 500 000-oz/y-producer status Video Available Restricted

Glenn Baldwin Even though most recent production results for Gold Fields Australian mine, St Ives, were below-par, the goal remains to quickly move the mine back to being a 500 000-oz/y producer of gold, said Gold Fields Australasian executive vice president...
16th October 2009
 
GOLD

Aurora destined to be major gold player – Zondwa Mandela Video Available Restricted

Aurora MD Zondwa Mandela and Enver Motala, SBT Trust The soon-to-be-listed Aurora Empowerment Systems was destined to be a major gold player, Zondwa Mandela, Nelson Mandela's grandson, said on Wednesday as he clinched another significant gold acquisition and revealed, under questioning, that he had...
14th October 2009
 
COMMODITY-LINKED POWER

Eskom says talks have been initiated with BHP about commodity-linked power contracts Video Available Restricted

Eskom CEO Jacob Maroga South Africa's power utility Eskom confirmed on Tuesday that it was pushing ahead with plans to renegotiate commodity-linked electricity tariffs with resources groups, such as BHP Billiton, whose aluminium smelter investments in South Africa and...
13th October 2009
 
GOLD

Sevenfold increase in Gold Fields' uranium resources Video Available Restricted

South African gold major Gold Fields on Monday reported a seven-fold increase in its uranium resources to 77-million pounds. Gold Fields CEO Nick Holland said that the sharp increase from last year's 11-million pounds was the result of an...
5th October 2009
 
MINING INVESTMENT

New fund to target coal, renewable-energy projects Video Available Restricted

Investors looking to target the mining industry as a means of capital investment can look forward to some welcome relief in the coming months.
2nd October 2009
 
DIAMONDS

Diamond Council CEO urges diamond industry to reposition itself for upturn Video Available Restricted

Diamond Council of South Africa CEO Braen Migogo South Africa should reposition itself to take full advantage of the opportunity that will present itself when the diamond industry eventually turns up again, says Diamond Council of South Africa CEO Braen Migogo. Migogo tells Mining Weekly Online...
28th September 2009
 
FERROALLOYS

Ferrochrome producer completes pioneering conversion of a semiclosed furnace into a closed one Video Available Restricted

South Africa’s Hernic Ferrochrome has completed its enclosure project, making it the first ferrochrome producer in the world to have converted semiclosed furnaces to closed furnaces.
25th September 2009
 
GOLD AND COAL

Zimbabwe gold, coal mines ready for quick comeback – Zimvest Video Available Restricted

Zimbabwe mining's compelling comparative advantage is its under-utilised mines that investment could very rapidly optimise, Zimvest MD Shaun Lightfoot said on Wednesday. Lightfoot told Mining Weekly Online, on the sidelines of a British Chamber...
23rd September 2009
 
GOLD

Resolving differences with Vulisango will continue – Simmers Video Available Restricted

Engagement with disgruntled black economically empowered shareholder Vulisango would continue in order to resolve differences, JSE-listed Simmer & Jack (Simmers) chairperson Nigel Brunette told Mining Weekly Online on Monday. "They're a big...
21st September 2009
 
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New products to increase company focus on... Video
Now miners focus on better 
capital, cash... Video
Real Economy Report Video
Johnson Matthey bullish on platinum, palladium,... Video
Barloworld sees mining-led sales recovery in... Video
Godsell to be asked to reconsider Eskom... Video
Godsell won't comment on possible Eskom return Video
Real Economy Report Video
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On-the-Air 20/11/2009 Audio
Daily podcast – November 20, 2009 Audio
Daily podcast – November 19, 2009 Audio
Daily podcast – November 18, 2009 Audio
Daily podcast – November 17, 2009 Audio
Daily podcast – November 16, 2009 Audio
Daily podcast – November 13, 2009 Audio
On-The-Air (13/11/09) Audio
Daily podcast – November 12, 2009 Audio