Company Announcement: Historical Moment For Two Agricultural Heavyweights

Senwes from Klerksdorp and NWK from Lichtenburg, both successful companies in the agricultural sector for more than 100 years, today announced a merger of the insurance business of NWK and Senwes’ insurance business, namely Univision Financial...

14/10/2011 (On-The-Air)

South Africa has R18-trillion worth of metals and minerals with which to rebuild its economy over the next 100 years; Bad news for South Africa is that the country’s one and only zinc refinery is destined for job-destroying closure; and...

Company Announcement: Mimecast UEM puts a cap on insurance leader’s IT costs

Attached please find a press release on: Mimecast Unified Email Management (UEM) offering reduces IT spend, increases email continuity, archiving, security and saves time for insurance firm, Denis.

Govt lifts moratorium on mine rehab insurance guarantees

South African mining houses will be breathing a sigh of relief as the Department of Mineral Resources (DMR) has lifted the moratorium on the acceptance of insurance guarantees for mining rehabilitation.

Will gold-underpinning investment demand continue?

World investment demand for gold jumped from 885 t at the end of 2008 to 1 820 t at the end of 2009, accounting for a year-on-year gain of 105%. The yellow metal, which is generally seen as a safe haven investment, has been luring investors...

Will gold-underpinning investment demand continue?

World investment demand for gold has jumped from 885 t at the end of 2008 to 1 820 t at the end of 2009, accounting for a year-on-year gain of 105%. The yellow metal, which is generally seen as a safe-haven investment, has been luring investors...

GFMS predicts new gold highs in 2010, but closure is looming for Zimbabwe gold miner

Gold consultancy GFMS says that the gold price is likely rise above 2009's record of $1 226/oz this year, and could climb to $1 300/oz if the global economic recovery proves sufficiently sluggish. Read on page 12 of this edition of Mining Weekly,...

Gold coins 
bucking the 
economic gloom

Distributor of gold investment, bullion and collectable coins the South African Gold Coin Exchange (SAGCE) reports that, despite the recession that has forced many retail stores to close their doors, it continues to open new Scoin shops at regular...

Mining facing serious challenges, but prices should return to 2006 levels next year – insurance group

Specialist insurance company Lombard Insurance Group states that the South African mining industry finds itself facing serious challenges including limitations on capital availability, high levels of volatility and uncertainty in equity markets.

African mine insurance suffers losses

International insurance and reinsurance broker Glencairn MD South Africa Nick Hall says that the global insurance market has suffered a spate of losses and financial difficulties in 2008, with regards to mining interests, and Africa is no exception.

Mining an inherently risky business

Market terms for the local insurance market softened in 2004 and are expected to remain generally soft for the rest of the year and into 2006.

Insurance guarantees help mines with closure plans

In keeping with the Mineral and Petroleum Resources Development Act (MPRDA) requirement for mines to provide financially for mine closure, Promethium Environmental Guarantees offers a tailor-made insurance guarantee solution.