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Gold News

Loraine is dead, long live Target

By: Zonika Botha     10th August 2001 Underground mining at the old workhorse Loraine operation in the northern Free State has closed - but it’s a question of Loraine is dead, long live Target. 

Will gold's bad run ever end?

9th August 2001 Only time will tell if the dollar-gold price will find stability, and the precious metal, once again, becomes a favourable source of investment as a risk and portfolio diversifier. 

Another gold catalyst conference

9th August 2001 Another conference on the use of gold as a catalyst is to take place in Ireland next month, AngloGold executive officer South African region Dave Hodgson reports. 

Zim’s gold support raises output

6th August 2001 Zimbabwe's Reserve Bank has reported that a support programme for gold producers introduced earlier this year had helped boost production in a sector where high costs had threatened several mines with collapse. 

South Deep’s output climbs steadily

6th August 2001 South African gold producer Western Areas has reported flat headline earnings per share (EPS) in dollar terms as gold output rose 12% at its South Deep joint venture on increased tonnage throughput. 

Catapulting mining into the next century

3rd August 2001 Project Deepmine, the collaborative research programme between South Africa’s gold producers and mining research institutions, could prove the catapult that launches the local mining sector into the twenty-first century. 

Researchers witness the birth of gold

3rd August 2001 A team of Australian and Indonesian scientists may have witnessed the birth of a gold deposit on the flanks of a submerged volcano bubbling away in waters off northeastern Sulawesi. 

New gold-trading site launched

3rd August 2001 A new electronic trading site has been launched by GoldAvenue. 

Fan maker taps in on Copperbelt development

3rd August 2001 Eastern Cape industrial fans manufacturer Howden Donkin has landed a contract to supply centrifugal fans to Nampundwe copper mine, in Zambia. 

New Tanzania gold-mine could produce 500 000 oz/y

3rd August 2001 Canadian precious metals company Barrick officially opened Tanzania’s first large-scale underground gold-mine last month and could be producing more than 500 000 oz in about five years. 

Patience with Oryx wears thin

3rd August 2001 South Africa's Gold Fields has reported that headline earnings per share for the June quarter rose 8% despite reduced output after an accident at Beatrix mine and it forecast a good third quarter. 

SA gold group ups W African exploration

3rd August 2001 Despite the increased cost of an intensified exploration programme, Randgold Resources boosted its net profit for the June quarter by 19% to $4,7-million on the back of another sound performance by the Morila gold-mine in Mali. 

Swanepoel still courting Free State gold

2nd August 2001 The philandering is over for now, but marriage will eventuate, says Harmony Gold CEO Bernand Swanepoel of the briefly interrupted talks on acquiring AngloGold’s assets in the Free State. 

Godsell tells why he’s hugging Free State assets

1st August 2001 The world’s largest gold company has been chastised for hugging its Free State assets. 

Polish rescue system launched in SA

By: Site Administrator     27th July 2001 An underground mine rescue system developed and widely employed in Poland is now available on the South African market. 

Southern Africa's big six 'greenfield' mining projects

27th July 2001 Estimates by the US Geological Survey that deposits in Southern Africa contain a significant proportion of the world’s platinum-group metals, chromium, manganese and gold reserves, and the fact that there are vast tracts of unexplored land in the second-largest continent in the world, make... 

ETC turns around, but is still up for sale

26th July 2001 Problem-child Eastern Transvaal Consolidated (ETC) has finally begun reforming, helping Avgold turn a R32-million loss into a R39-million profit – but ETC’s laudatory performance may still not be strong enough to keep it in the fold. 

Gold execs accept 10% salary cut

25th July 2001 Gold-miner Durban Roodepoort Deep (DRD) broke into long-awaited profit with the announcement of fresh growth plans and the savings of hundreds of jobs. 

Firm wins exploratory gold-drilling project

By: Deborah Spicer     20th July 2001 Management of exploratory drilling at Avgold’s Paradise Project near Target gold-ine in the Free State has been awarded to Snowden Mining Industry Consultants Africa. 

Mercury gold extraction dangers investigated

20th July 2001 Mercury has for centuries been used as an inexpensive chemical to extract gold in a process called amalgamation, describes Crispin Kinabo of the University of Dar es Salaam, Tanzania. 

Conference on responsible mining

By: Keith Campbell     20th July 2001 SA Chamber of Mines is organising an "Environmentally Responsible Mining" conference while Peru's 5th Gold Symposium will take place in May 2002, and Lima's mining privatisation re-starts. 

South Deep on course for full output in two years

By: Keith Campbell     20th July 2001 THE Placer Dome Western Areas Joint Venture deep-level gold-mining project, better known as South Deep, is now less than two years away from full commissioning. 

Aussies plan 2002 start-up of DRC mine

By: Martin Zhuwakinyu     20th July 2001 Australian junior mineral explorer Anvil Mining says it will start exploiting the 1,7-million-ton copper/silver resource at Dikulushi, in the Katanga province of the Democratic Republic of Congo (DRC), around July next year. 

Egypt seeks to rekindle golden age

19th July 2001 Possibly one of the largest gold deposits in Africa unearthed in the last few years has been discovered in Egypt. 

Gold junior plans to delist

16th July 2001 Junior gold producer President Steyn gold-mine, which listed a year ago on the JSE Securities Exchange, is this week almost certain to announce its intention to delist. 

Hopes high as strategist leads World Gold Council

By: Zonika Botha     13th July 2001 The WGC was founded 13 years ago, quite fittingly at a time when the world could well have taken out its dislike of apartheid on gold - to the detriment of South Africa in particular and Africa in general. 

Where you can win your own body weight in gold

By: Zonika Botha     13th July 2001 The Middle East boasts the fastest growing, largest gold market in the world. 

South Africa and Italy moving closer together

By: Zonika Botha     13th July 2001 Mintek and the South African Department of Minerals and Energy Affairs undertook a five-day visit to the Vicenza Jewellery Fair in Italy in June, to broaden industrial co-operation between South Africa and Italy’s jewellery sectors. 

Gold No 1 reaffirms technology commitment . . .

13th July 2001 Improving operational performance, especially in its South African operations, remains a top priority for the world’s largest gold producer, Anglogold. 

. . . and gold No 2 plans investing in catch-up programme

By: Irma Venter     13th July 2001 South Africa’s second-largest producer of gold, Gold Fields’ technology section head Ken Matthysen says the high gold price experienced in the past did not encourage the implementation of newer cost-saving technologies at South Africa’s mines. 

Moves to stem pollution flow

By: Martin Zhuwakinyu     13th July 2001 A study commissioned by the Water Research Commission (WRC) suggests that the construction of a bypass channel to minimise the ingress of water into the Grootvlei gold-mine workings could reduce considerably the amount of saline effluent entering the Vaal river system, South Africa’s most... 

Bioleaching plant commissioned in China

13th July 2001 Minerals technology research and development organisation Mintek, of Johannesburg, and its partner, BacTech Enviromet Corporation, of Canada, have announced that their custom bioleaching treatment plant – with initial capacity of 65 000 oz of gold a year in Shandong Province, People’s... 

Illegal mining hits Ethiopia

13th July 2001 Ethiopia loses revenue worth $25-million a year due to illegal mining for gold, the Ethiopian mines and energy ministry has revealed. 

Academics find new life in Jo'burg Golden Oldies

By: Martin Zhuwakinyu     6th July 2001 In a development that could herald the resumption of gold-mining on the Central Rand – after a nearly 30-year hiatus – Wits University’s Centre for Applied Mining and Exploration Geology (Cameg) reports that it has delineated a substantial gold resource south of Johannesburg, in... 

Intense W African drilling programme

By: Laura Franz     6th July 2001 Gold producer Randgold Resources has initiated drilling programmes at four gold projects in three West African countries as its stake in the Morila gold-mine, in Mali, continues to generate a strong cash-flow, reported CEO Mark Bristow at a briefing held in Johannesburg last month. 

Sun rises over brand new Gauteng gold-mine

By: Martin Zhuwakinyu     29th June 2001 The man in the driving seat at Placer Dome South Africa, president and CEO Peter Harris, says the Canadian company, which operates 13 gold-mines across the globe, hs a vision to make South Deep into South Africa's best. 

Gold-mines threatened by theft 

28th June 2001 A report commissioned by the Chamber of Mines has estimated that an average of 35,6 t/y gold was stolen from South African gold-mines during the five years from 1994 to 1998. 

North Americans close in on gold leader

27th June 2001 The proposed merger between North American gold-miners Barrick Gold and Homestake Mining will see the combined company with production figures totalling six-million ounces narrowing the gap on gold leader Anglogold. 

 

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