Akdala mine, Kazakhstan

An Uranium mine situated in Kazakhstan.

Allow Africa’s economic lions to roar, Nicky Oppenheimer urges

Africa’s economic lions must be allowed to roar by “urgently” improving the continent’s competitiveness, De Beers chairperson Nicky Oppenheimer said in Addis Ababa. Addressing Africa Day celebrations in the plenary hall of the African...

Ferrochrome sector likely to stabilise by third quarter - analyst

South Africa’s ferrochrome industry – heralded for producing about three- quarters of the world’s supply of the anticorrosive alloy – hit a slump in 2008, which spurred an unprecedented shutdown of operations in the country. At present,...

Yes, I think ferrochrome will definitely stabilise by third quarter – Cadiz’ Peter Major

South Africa’s ferrochrome industry - heralded for producing about three quarters of the world’s supply of the anti-corrosive alloy- hit a slump in 2008, which spurred an unprecedented shutdown of operations in the country. At present, only...

Gold mine production reaches its lowest level since 1995

Precious metals consultancy GFMS' second update of its ‘Gold Survey 2008' states that global gold mine production dropped substantially in 2008 to reach its lowest level since 1995.

Pundits sense $2 300/oz long-term gold price

Two pundits sense 2 300/oz as the long-term price for gold. The first is Dundee Wealth Inc chief economist Martin Murenbeeld, a seasoned gold-price forecaster, and the second is US Global Investors precious-metal fund co-manager Ralph Aldis....

Pundits sense $2 300/oz long-term gold price

Two global gold-price forecasters sense a $2 300/oz long-term gold price. Seasoned forecaster Dundee Wealth Inc chief economist Martin Murenbeeld and US Global Investors precious-metal-fund comanager Ralph Aldis both cite the exact same long-term...

Petra Diamonds digs in at Cullinan, De Beers 
inspires with stirring oratory

Christmas sales of diamond jewellery have been disappointing, says Royal Bank of Canada Europe diamond analyst Des Kilalea.

Major retail chain Tiffany’s sales were 35% down and virtually all luxury-goods retailers mirrored Tiffany’s poor...

Diamond market faces ‘difficult’ time – De Beers

Messages of encouragement for the uncertain times ahead were the order of the day at the start of the Diamond Trading Company (DTC) yearly sight meeting, which started in London on Tuesday. De Beers Group chairperson Nicky Oppenheimer...

Hydrostatic braking system increases safety underground

Hydraulic engineering specialist Lindos Hydraulics, formerly Brakecore Hydraulics, has introduced a braking system, which employs hydrostatic braking to increase safety in underground mining equipment in South Africa.

World financial crisis will affect Zambian copper exports, central bank says

The financial crisis which began in the US last month and steadily spread to affect the whole world will adversely affect demand for Zambian copper and hurt the flow of foreign direct investments, the Zambian central bank has warned.

World financial crisis threatens Zambia copper exports, central bank says

The financial crisis which began in the US last month and steadily spread to affect the whole world will adversely affect demand for Zambian copper and hurt the flow of foreign direct investments, the Zambian central bank has warned. Addressing...