Resources Watch

This week: Eskom is still pursuing a mandatory savings ‘safety net’. Pan African Resources and Wits Gold bid R1.7-billion for Harmony’s Evander mine. And, platinum junior Sable Platinum explores new opportunities along the Bushveld Complex.

Junior exploring new opportunities along Bushveld Complex

Junior platinum exploration company Sable Platinum reports that it is in the initial drilling stages of an extended exploration plan.

JSE confirms Galaxy Gold listing delayed on rights snag

The Johannesburg Stock Exchange confirmed on Tuesday that gold-mining junior Galaxy Gold's JSE listing has been delayed because the company does not have new-order mining rights. JSE executive Noah Greenhill told Mining Weekly Online that a...

Who would buy Platinum Group?

Platinum Group Metals (PTM) – the TSX-listed company, not the group of elements – is looking at selling itself as one of several strategic alternatives. This raises the question of whether anyone would want to buy it, and if so, whom?

Olivewood raises cash to invest in coal, renewable energy projects

South African venture capital company, Olivewood, was aiming to raise R1-billion as part of a private investment offer to allow it to invest in coal and renewable energy projects. “Our focus will be on investing in coal and renewable energy in...

Olivewood launches tax-effective investment opportunity

Investors looking to target the mining industry as a means of capital investment can look forward to some welcome relief in the coming months. The launch of South African resource development company Olivewood means that investors would be able...

Daily podcast – October 13, 2008

In today's podcast: the Department of Minerals and Energy has reaffirmed its plans for a new crude oil refinery at the Coega IDZ, apprentice numbers in South Africa's metals sector rose to over 4 000 for the first time since 1999 during 2008 and,...

Diamond demand growth may ‘slow’ – James Allan

Global diamond demand growth might “slow” to 2-to-3% a year in a year in which prices had risen by at least 10%, Allan Hochreiter MD James Allan said on Monday. Allan told the 2008 Paydirt World Diamond Conference in Perth that rough diamond...

Strong prices in 2008, says world diamond bourses president

Higher-range rough diamond prices will remain robust in 2008, with demand outstripping supply for the foreseeable future, says World Federation of Diamond Bourses president Ernie Blom.

Strong diamond prices expected as China, India become major consumers

Higher-range rough diamond prices will remain robust in 2008, with demand outstripping supply for the foreseeable future, the World Federation of Diamond Bourses president said on Monday. "We should see very strong prices," Ernie Blom,...

BHP strategy man to join SA resources boutique

BHP Billiton's strategy and business development vice-president Ken Greve will be leaving the diversified mining group at the end of the year to join boutique South African resources consultancy Allan Hochreiter, he told Mining Weekly Online...

Diamond prices may touch record highs in coming months

Diamond prices are expected to hit “new highs” over the next 12 months, as the divide between supply and demand widens.