R/€ = 16.62 Change: -0.04
R/$ = 13.72 Change: -0.11
Au 1877.34 $/oz Change: 0.17
Pt 1151.00 $/oz Change: 10.00

Gold News

Gold producer trying out continuous mining

22nd June 2001 South African gold producer President Steyn Gold Mines has formed an official alliance with Australian mining technology company Brandrill - which holds various rock-breaking patents worldwide - with the aim to to commercialise a continuous mining method. 

Gold promoted as a secure investment

22nd June 2001 International gold promoter the World Gold Council (WGC) has launched an initiative called Buy Security, Buy Gold, which is focused on the benefits of an individual buying and investing in gold. 

Platinum – the metal of the millennium

22nd June 2001 Justly, platinum is thought of as the metal of the new millennium. 

Grade improvement at Messina

By: Zonika Botha     22nd June 2001 A bulk underground grade sample taken from the Upper Group Two (UG2) and Merensky platinum reefs has shown a 9% grade increase, SouthernEra Chairperson Dr Christopher Jennings tells Mining Weekly. 

New leaching process for PGMs

22nd June 2001 Research company Lakefield Research has developed the Platsol pressure leaching process for platinum-group metal feedstocks. 

Free State’s Paradise drilling result next year

21st June 2001 Results from exploration drilling at Avgold’s Paradise area, to the north of its Target mine, are expected within nine months. Should it go into production, the company will seek a joint venture partner in the project, which is set to cost R1,9-billion. 

Free State turnaround halts Gold No 1's disposal plan?

20th June 2001 The world’s leading gold company, Anglogold, which many expected would leave the Free State during the course of this year in line with its policy of disposing of high-cost, low-margin mines, could well delay its decision on speculation of a significant turnaround. 

Gauteng's gold-mine IT push

19th June 2001 A R2,6-million tailor-made financial system developed by Rubico, a Johannesburg-based business components software company, has been added to South Deep’s computing environment. 

Mine in Uganda, invites Minister

15th June 2001 Uganda tourism, trade and industry Minister Prof Edward Rugumayo has called on South African companies to take advantage of its wealth of mineral resources, which include, among others, phosphates, iron-ore, marble, lime stone, volcanic ash, limonite and gold. 

Control system gains popularity

15th June 2001 A contract has been awarded to Svedala’s Cisa division to optimise the milling circuits at Gold Fields Kloof No 1 gold plant, in Westonaria. 

New COO something of a coup

14th June 2001 The acquisition of experienced mining executive Mike Eksteen,53, is something of a coup for SouthernEra, the Canadian-listed group headed by South African Dr Chris Jennings. 

US still holds 8 137 t of gold

12th June 2001 World gold holdings released by the World Gold Council (WGC) yesterday show that the US holds 8 137 t or 56,2% of its total foreign reserves in gold, Germany came in second with 3 469 t or 36% and South Africa was twenty-second with 180 t or 19,9%. 

Gold marketers taking gloves off

8th June 2001 The gloves are coming off as the World Gold Council (WGC) – which represents gold producers – announces that it will launch yet another programme to promote gold, during the second half of this year. 

Gold exploration is under way in Malawi

8th June 2001 The Malawi government is undertaking extensive exploration for gold, results of which are expected to attract more private companies to start gold exploration in that country. 

Vladimir, oh Vladimir

8th June 2001 Russian President Vladimir Putin gives gold a bear hug. 

Resources giant explores Chile, Canada and Oz

5th June 2001 Resources giant Billiton has announced three exploration agreements, which will see the company involved in Chile, Canada and Australia. 

Adviser identifies five 'saviours' of SA gold

By: Laura Franz     1st June 2001 In the 1960s, the saviour of the South African gold-mining industry was its ore grade, in the 1970s it was the US dollar price, in the 1980s the exchange rate and, in the 1990s, restructuring, hedging and cost control. 

Trackless breakthrough in mine's development

1st June 2001 One of South Africa's newest gold-mines, Avgold's Target mine, is leading the pack in the development of new, mechanised mining methods. 

Culture still drives gold sales

By: System Author     1st December 2000 The demand for gold in many countries is strongly influenced by cultural factors. 

Gold firm’s safety drive intensifies

By: System Author     1st December 2000 Despite the loss of six employees in seismic-related incidents at Gold Fields’ Kloof and Driefontein mines in September, the company’s full compliance safety programme is going strong. 

Don’t discount mining’s contribution

By: System Author     1st December 2000 Despite concerns that the mining industry is in decline, Chamber of Mines president Rick Menell asserts that the local mining ‘cluster’ is making a rich and varied contribution to the national economy, and is well advanced in having a substantial effect on development in the Southern... 

Fairy-tale-like discovery in the middle of Malian nowhere

By: System Author     1st December 2000 A local farmer who owned a shovel was hired to dig an exploratory hole – the first step to unearthing five million ounces of gold in the middle of Malian nowhere 


By: System Author     1st December 2000 National gold-exchange market moves forward 

SA engineering design for African gold projects

By: System Author     1st December 2000 African gold 

White metal gets weightier

By: System Author     1st December 2000 Editorial 

Platinum industry slogan: It’s the market, stupid!

By: System Author     1st December 2000 The industry has shown itself to be a competent marketer, putting to shame a number of other mineral businesses which have focused almost exclusively on production, leaving the market to the elements. 

SA jewellery sector must consolidate

By: System Author     1st December 2000 The fragmentation of the South African jewellery industry remains the single biggest hurdle in the development of the country’s platinum jewellery sector. 

18 African gold projects

By: System Author     1st December 2000 African gold 

Hedgebook adds R1bn/year to gold giant

By: System Author     24th November 2000 While the hedging of gold production may be less fashionable today than it was two years ago, the world’s leading producer continues to reap 

Old-gold recovery outshines underground operations

By: System Author     24th November 2000 Gold-mining junior Petmin’s Skukuza project is emerging as a star performer, with production volumes from the opencast operation up from 290 kg in the June quarter to 354 kg this September quarter – 21 kg higher than expected in the middle of the year. 

Refrigeration units for gold-mine

By: System Author     24th November 2000 Two Israeli Desalination Engineering water-vapour-based refrigeration units will be added to Anglogold’s Mponeng mine in May, bringing the number of Eco-Vim vacuum-ice machines to six. 

Bobby Godsell decrying the gold ‘asset huggers’

By: System Author     24th November 2000 Anglo American plc 

$6m for gold exploration

By: System Author     24th November 2000 London-listed African exploration and mining company Randgold Resources has allocated some $6-million towards exploration on the continent in 2001. 

Black-empowered company to produce 9% of SA’s coal

By: System Author     24th November 2000 The deal whereby 80% of the assets of coal-mining company Newcoal, formed by Anglo Coal and Billiton Coal, were sold to black-empowerment company Eyesizwe Coal, is a genuine attempt at black empowerment in the South African mining industry. 

Australia, where the natives are hostile . . .

By: System Author     17th November 2000 Once bitten, twice shy – a proverb most applicable to South African gold-mining company Durban Roodepoort Deep’s grim experiences in Australia. 

The new SA gold industry focus: consolidation, co-operation, cost

By: System Author     17th November 2000 South Africa’s struggling gold-mining sector is on the cusp of yet another phase of restructuring – once again designed to secure its long-term future. 

Rock engineering taking most safety funds

By: System Author     17th November 2000 Some 60% to 70% of Safety in Mines Research Advisory Committee funds are allocated towards research in rock engineering. 

New gold industry slogan

By: System Author     17th November 2000 Editorial 


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