Daily podcast – November 10, 2009

DRDGold brings a semi-urgent application to the South Gauteng High Court for the Blyvooruitzicht gold mine; and Rio Tinto and BHP Billiton haven't received any indications that they will face regulatory issues in forming an iron-ore production...

DRDGold to apply for Blyvoor's judicial management

JSE- and Nasdaq-listed gold miner DRDGold would on Tuesday bring a semi-urgent application to the South Gauteng High Court to have its loss-making Blyvooruitzicht gold mine placed under judicial management, the company said on Monday. DRDGold CEO...

Harmony Gold wants new SA electricity solution, Gold Fields sees rand remaining strong for long, Kumba wins Sishen South iron-ore project case

South Africa as a whole needs to come up with a solution to the electricity funding dilemma to avoid a wave of negative knock-on effects throughout the economy. Read on page 10 of this edition of Mining Weekly that the tariff proposal will, in the...

New thinking needed on Eskom electricity tariff – Harmony

South Africa needed to apply its mind to solving the electricity price issue to avoid widespread knock-on effects that would seriously stunt economic growth and spark a new round of wage demands, Harmony Gold CEO Graham Briggs said on Friday. The...

HIDDEN VALUE

Harmony Gold CEO Graham Briggs, in projecting a 3% increase in total gold production in the June quarter, also reported the first gold ore being milled at Hidden Valley, in Papua New Guinea, the exposed and unhedged Harmony’s only access to...

Zimplats plunges to $26m loss

The half-year results of Impala Platinum-controlled Zimplats of Zimbabwe saw a 58% fall in revenue and a 188% plunge to a loss of $26-million, the company said on Wednesday. The company, which was now seeking to extend its credit facilities, said...

SA mines hit by national labour strike

The national stayaway organised by the Congress of South African Trade Unions (Cosatu), ending a month-long protest action campaign against the rising cost of living and higher electricity tariffs, on Wednesday led to high absenteeism rates at a...

Xstrata shuts three furnaces for maintenance

Swiss miner Xstrata announced yesterday that its subsidiary Xstrata Alloys has confirmed the closure of three furnaces, with combined annual capacity of some 230 000 t, for routine maintenance.