Global Mining News in real time

Daily podcast – January 29, 2009

By: Shannon de Ryhove In today's podcast: Lonmin reports lower first quarter production figures; and Canada's Barrick Gold closes its Kainantu mine in Papua New Guinea. 

Lonmin output down 14%, chair retires

By: Chanel de Bruyn The world’s third-largest platinum producer, Lonmin, on Wednesday reported lower first quarter production figures, and announced that its chairperson, John Craven, would retire. Overall refined platinum production for the quarter ended December 31, was down 14% to 132 935 oz, compared with the... 

Nov 30 funding target will be hit despite market turn – Anooraq

By: Martin Creamer Toronto and Johannesburg-listed platinum junior Anooraq is confident of hitting its November 30 Lebowa financing target despite resources markets being “in liquidation mode”, says Anooraq Resources business development head Joel Kesler. Kesler says Anooraq’s strategy is “to raise the right... 

Teal enters third drilling phase in DRC

By: Christy van der Merwe The first and second phases of Teal Exploration & Mining's drill programme at the Lupoto copper project, in the Democratic Republic of Congo (DRC), have been completed, and a third phase drill programme, which aims at increasing the resource, is currently under way. 


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