Alberta Oil Sands closes C$10m financing

TSX V-listed Alberta Oil Sands said on Tuesday that it had raised C$10-million in a flow-through financing announced earlier this month. The company will use the funds to explore its properties in north-east Alberta, where it has a resource base...

Materials handling industry drowns in aftermath of recession

As the South African economy starts to stabilise after the crippling worldwide recession, the materials handling industry has emerged with few job opportunities, reports South African Institute of Materials Handling (SAIMH) chairperson Phil...

Market tumult is good news for gold, but juniors could feel the pinch

Nightmarish memories of the 2008 crash must be returning to haunt mining juniors as markets suffered a week from hell. Again the four letter word – debt – was behind it, though this time Greece was the culprit. The S&P 500 losing 6% in five...

19/03/2010 (On-The-Air)

South Africans, Americans and Norwegians are going all out to explore for shale gas in the Karoo, as a sudden ‘shale gale' sweeps the world; a powerful new black-owned coal-mining company is about to list on the Johannesburg Stock Exchange;...

18/09/2009 (On-The-Air)

In this broadcast: A new multi-billion-rand wave energy project is under investigation in the Western Cape; Limpopo province has become South Africa's Fortress of the North with 50 new fighter aircraft; The world is scrambling to get its hands on...

Russian mining industry showing some signs of recovery

Last December, the Russian mining industry felt beleaguered by the global recession. That month, Norilsk Nickel CEO Vladimir Strzhalkovsky issued an appeal to the Kremlin. “The industry is in a very difficult situation now. The revenues of...

Russian mining industry showing some signs of recovery

Last December, the Russian mining industry felt beleaguered by the global recession. That month, Norilsk Nickel CEO Vladimir Strzhalkovsky issued an appeal to the Kremlin.

Price opportunism notwithstanding, fundamentals remain – Anglo's Magara

Even if the great price recovery in several mining commodities was the work of opportunists with the wherewithal to buy and hoard, the fundamentals that had brought about the recent mining boom remained entact, Anglo American South Africa...

Effects of slowdown will differ 
from sector to sector – Deutsche Bank

Financial investment company Deutshe Bank predicts a mixed bag for the resource sector over the next six months.

Randgold lifts 2008 profit 26%

Africa-focused Randgold Resources’ net profit for the year ended December 2008, grew by 26% to $57,4-million, while net profit for the fourth quarter was up by 33%. Randgold Resources CEO Mark Bristow said that the company had done well to come...

Daily podcast – October 10, 2008

In today's podcast: Buyelwa Sonjica says that the world and South Africa needs a more stable oil price, Shell South Africa says that the world would eventually see a shift towards an era where energy was used more efficiently and, a decision has...

Gold price expected to bounce back to $900/oz – GFMS

The gold price was expected to gain strength after its significant sell-off since July, and could reach up to $900/oz, and perhaps over $950/oz in the next few months, said precious metals consultancy GFMS on Wednesday. GFMS believed that the...