Mining rates likely to soften in 2010

Global Insurance broker Willis Group Holdings released its yearly review rates for mining property damage and business interruption (PD/BI) insurance at the yearly conference for natural resource professionals, the Mining Indaba 2010.

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.

Mali gold safari continues

The contracting of two South African companies in a feasibility to establish yet another gold-mine in Mali has been made possible in part by a government support scheme as well as a special funding vehicle established by Absa.