Douglas/Middelburg optimisation project, South Africa

The project is complete.

Palabora says FY earnings could fall by up to 60%

The share price of JSE-listed copper producer Palabora Mining dropped sharply on Friday morning, after the company warned that full-year headline earnings could fall by as much as 60%. Palabora, a Rio Tinto subsidiary, advised shareholders that...

Mine project firm TWP to delist on Dec 11, absorbed into Basil Read

The shares of the JSE-listed mine project management company TWP would cease trading on December 11, when the company would be delisted and absorbed into JSE construction and mining contracting company Basil Read, TWP CEO Nigel Townshend said on...

New thinking needed on Eskom electricity tariff – Harmony

South Africa needed to apply its mind to solving the electricity price issue to avoid widespread knock-on effects that would seriously stunt economic growth and spark a new round of wage demands, Harmony Gold CEO Graham Briggs said on Friday. The...

Rand strong for next 12-18 months – Gold Fields

South Africa's second-largest gold producer, Gold Fields, said on Thursday that it expected the rand to remain strong for the next 12 to 18 months. "We've made peace with the rand being where it is and we are structuring our business around...

Gold junior Simmers' shares rise on R100m cost savings, doubling of mine life

The share price of JSE-listed Simmer & Jack Mines (Simmers) rose more than 6% on Thursday on the news of R100-million annual cost-saving synergies and the potential for the doubling of the life of its latest acquisition. The synergies and...

New fund to target coal, renewable-energy projects

Investors looking to target the mining industry as a means of capital investment can look forward to some welcome relief in the coming months.

Solutions company pioneers early-warning device for hot holes

Commercial explosives and blasting solutions provider AEL Mining Services has developed and launched Hot Eye, a temperature monitoring device that will assist in detecting and reducing the safety risks posed by hot holes in coal surface mining.

DiamondCorp assessing finance proposals – CEO

The management of emerging diamond-miner DiamondCorp is assessing a number of finance proposals, which it will require to meet its future financial commitments, CEO Paul Loudon said on Wednesday. The deterioration in diamond prices in the last...

Sallies widens loss, says up to R100m needed to reopen Witkop mine

JSE-listed fluorspar-miner Sallies on Monday reported that its loss for the 2009 financial year had deepened to R53,1-million and said that it would need up to R100-million to reopen its Witkop mine in South Africa’s North West province. The...

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...

Now State-owned IDC takes steps to liquidate Pamodzi Gold Limited

South Africa's State-owned Industrial Development Corporation (IDC) on Thursday took the Pamodzi Gold liquidation case to a new level of intensity when it confirmed that it would be applying to the High Court for the liquidation of Pamodzi Gold...