Output at the Ruashi mine, in the Democratic Republic of Congo, would rise to about 3 000 t/m of copper cathode and 330 t/m of contained cobalt by the 2011 financial year, base-metals-miner Metorex reported on Wednesday.
A detailed two-year...
London-listed Petra Diamonds confirmed on Wednesday that it plans to undertake an equity fundraising and said it had entered into an option agreement that would double its stake in South Africa's Cullinan mine to 74%.
The fundraising, led by...
Sierra Leone's parliament has passed a new mining act that raises royalties and increases community benefits despite the opposition walking out, a senior minister said late on Tuesday.
The new Mines and Minerals Act 2009 will hike diamond and...
Scientists from the Council for Scientific and Industrial Research (CSIR) and the Mapungubwe museum, at the University of Pretoria, have opened a door to many of the questions surrounding the history of indigenous gold metallurgy in Southern Africa.
Cash-pumping JSE-listed Kumba Iron Ore (KIO), which reversed the global cutback trend and increased its production 14% in the first half of the year, expects to be spending capital in South Africa at a rate of R4-billion a year going forward, KIO...
The life-of-mine breakeven cost of platinum miner Platmin's new Pilanesberg platinum operation was from $600/oz to $650/oz at current exchange rates and rand-dollar prices, Platmin executive chairperson Keith Liddell told Mining Weekly Online at...
Mid-tier platinum miner Platmin, in which Brian Gilbertson’s Pallinghurst has a 51% interest, was inwardly listed on the JSE on Wednesday, augmenting its presence on TSX and Aim, and giving the local community a platform to participate at listed...
Cash-constrained diversified mining majors with frozen mine projects should revert to the once-common mining-house practice of floating off standalone mines on stock exchanges and raising cash for their developments as equity, says Ernst & Young...
The first exhibition, featuring mineshaft winding gear, has opened at the Gold of Africa Museum’s new galleryat AngloGold Ashanti headquarters.
The major nickel discovery at Dutwa in Tanzania was poised to eventuate into a low-cost mine by 2012 when some analysts were forecasting a nickel price of $8/lb, African Eagle operations director Chris Davies said at the weekend.
Davies told...
The reigning global recession and credit crunch are exerting heavy pressure on the country’s mining industry, its key export earner, says Industrial Development Corporation (IDC) strategic business unit head Abel Malinga.
The strengthening South African currency is decimating the price of gold in rand terms, at a time of rising energy costs and robust wage demands. “But, the important thing is not to panic,” says Harmony Gold CEO Graham Briggs, whose totally...
The world’s fifth-largest gold-mining company Harmony Gold was in a position to give the provisionally liquidated Pamodzi Gold Free State a life of ten years plus, Harmony CEO Graham Briggs told Mining Weekly Online on Wednesday.
Briggs said...
