R/€ = 15.56 Change: 0.08
R/$ = 13.87 Change: 0.06
Au 1426.40 $/oz Change: -12.76
Pt 846.97 $/oz Change: -8.47

Latest News

Saldanha achieves record iron-ore handling

16th April 2004 The Bulk Terminal Saldanha has achieved its highest ever iron-ore export tonnage and set a new annual record for iron-ore offloading from tipplers to stacking area. 

SA mining industry ahead on enviro compliance

16th April 2004 South Africa's mining industry and regulatory regime have collectively embraced environmental compliance relative to mine-closure and rehabilitation. 

Debt financing for Youga gold project arranged

16th April 2004 Canadian junior miner Etruscan Resources has announced that it has signed a mandate with RMB Resources to arrange up to $30-million in project debt financing for the development of the Youga gold project, located in Burkina Faso, West Africa. 

Xstrata increases stake in Australian colliery

16th April 2004 Mining company Xstrata has announced that Xstrata Coal has purchased a further 45% of Cook Colliery from Centennial Coal Company, for approximately $6,35-million. 

Mineworker credit provider changes its name

16th April 2004 The former mining-focused subsidiary of African Bank Investments Limited became a division of the company as from the beginning of April. 

Avmin changes name to ARM next week

16th April 2004 Shareholders in resources group Anglovaal Mining (Avmin) yesterday approved a range of transactions between Avmin, Harmony and African Rainbow Minerals & Exploration Investments (ARMI) that will see Avmin change its name to African Rainbow Minerals Limited (ARM) and become South Africa’s... 

Two die in rockburst at AngloGold’s TauTona mine

16th April 2004 Two miners were killed overnight at AngloGold's TauTona mine, near Carletonville, the company said today. 

Unions team up to save Harmony jobs

By: Martin Czernowalow     16th April 2004 In a bid to avert large-scale job losses, a three-party trade union alliance struck a deal with South African gold producer Harmony Gold Mining Company on Friday to study the company’s operations and find ways to prevent the closure of six mineshafts. 

Oxus fast-tracks Uzbekistan silver project

15th April 2004 London-based miner Oxus Gold this week announced that it has decided to accelerate the development of its Vysokovoltnoye project at the Amantaytau Goldfields mine, in Uzbekistan. 

Sisulu's plan to build bridges into Africa

By: Terence Creamer     13th April 2004 Former editor, broadcast chief and media baron Zwelakhe Sisulu has established a new mining-focused entity to act as a bridge between South African mining companies and African countries with significant mineral potential. 

DRD bullish on Emperor bid

13th April 2004 Gold-miner Durban Roodepoort Deep (DRD) has dispatched a bidder’s statement to Emperor Mines Limited shareholders, confirming its offer of one DRD share for every five Emperor shares 

Rothschild appointed as financial adviser for Kolwezi

13th April 2004 Canadian resources company America Mineral Fields (AMF)) has appointed Rothschild as the financial adviser on the Kolwezi cobalt-copper tailings deposit in the Democratic Republic of Congo (DRC). 

SouthernEra mulls gem-platinum split

13th April 2004 SouthernEra Resources Limited announced this week that it is actively considering a reorganisation proposal that would allow it to separate its platinum and diamond holdings into two separate public corporations. 

Engineering alliance appointed to big nickel-laterite project

9th April 2004 Two leading engineering and construction management firms, Hatch and GIRD Minproc, have been awarded the turnkey contract for BHP Bilhton's A$1,4-billion Ravensthorpe nickel project. 

$220m Moz titatium-minerals contact signed

9th April 2004 Irish mineral-sands hopeful Kenmare Resources has signed a fixed-price contract with an Australian-South African engineering joint venture for the building of the Moma titanium-minerals mine in Mozambique. 

SA company sees exploration potential in Uganda

8th April 2004 Early stage due-diligence studies indicate that there is unquestionable prospecting potential in Uganda, a country endowed with a wide variety of mineral resources, said Marius Welthagen, CEO of Thabex Exploration. 

AngloGold launches new safety initiative

8th April 2004 South African gold producer AngloGold yesterday marked the launch of a new safety initiative in the company’s South Africa region with a rally at the Oppenheimer Sports Stadium, near Klerksdorp. 

BHPB eyes coal supply to Chile’s power plants

8th April 2004 Diversified global miner BHP Billiton could redirect some coal production from other countries to Chilean power plants, if a natural gas shortage there threatened the electricity supply to its Escondida copper mine, a company official said. 

UK platinum firm to raise £12m for SA projects

8th April 2004 UK-listed miner Cluff, which is planning to change its name to Ridge Mining, is proposing the placement of 18,5-million shares with institutional and other investors in a bid to raise  

$53m platinum beneficiation partnership announced

8th April 2004 South Africa is reaping economic benefits from a new downstream platinum beneficiation project, centred on a Cape Town-based jewellery factory established under a multinational partnership involving Italian, Swedish, British and South African companies. 

Tribunal approves ARM-Avmin-Harmony deal

8th April 2004 The Competition Tribunal yesterday gave unconditional approval to a complex series of transactions, valued at R10,6-billion, which will facilitate the creation South Africa’s largest diversified empowered mineral resources company. 

NUM to declare dispute with Harmony

8th April 2004 South African mineworkers said yesterday they plan to declare a dispute against Harmony Gold to protest against the possible closure of six mine shafts, Reuters reported. 

Base metals firm buoyed by new Pakistan copper find

7th April 2004 International base metals group Tethyan Copper Company Limited has unveiled a potential major extension to a deposit at its Reko Diq Copper project in Pakistan. 

PGM explorer receives west-limb permit

7th April 2004 Explorer Jubilee Platinum has received a prospecting permit for its optioned Vlaklaagte-Zwartdoorns platinum group metals (PGM) property in the western limb of the Bushveld complex. 

$870m Chile copper project approved

7th April 2004 Resources giant BHP Billiton yesterday announced that it had approved the US$870 million – US$500 million BHP Billiton share – Escondida sulphide leach copper project in Chile. 

More shaft closures could follow – analysts

By: Martin Czernowalow     7th April 2004 The National Union of Mineworkers (NUM) and the Solidarity trade union are working hard to prevent possible retrenchments at Harmony Gold Mining Company, following the company’s announcement last week that it has started a review of six of its older marginal shafts. 

Kumba welcomes changes to Ticor's board

7th April 2004 South African iron-ore giant Kumba Resources has welcomed the decision to reconstitute the Ticor board of directors, following Monday’s announcement by Richard Carter and Peter Bradfield to resign from the board at the forthcoming annual general meeting. 

DRD ups stake in Internet-based company

7th April 2004 South African gold producer Durban Roodepoort Deep (DRD) has increased its stake in leading Internet-based gold marketing company to 14%, with a further investment of $1,8-million. 

New Aussie gold producer to emerge following deal

6th April 2004 Australian-listed Avoca Resources is set to move to producer status over the next 12 months after reaching agreement to acquire the advanced 445 000-ounce Higginsville gold project near Kambalda from international gold group Gold Fields Limited following a competitive tender process. 

Randgold Resources sells Syama mine in Mali

6th April 2004 International mining and exploration company Randgold Resources said yesterday the sale of its stake in the dormant Syama gold-mine, in Mali, reflects the company’s commitment to the development of long-term relationships and the protection of its partners’ interests. 

Anvil Mining appoints Craig Munro as CFO

6th April 2004 Australian Stock Exchange-listed miner Anvil Mining has announced the appointment of Craig Munro as chief financial officer, with immediate effect. 

Implats appoints nonexecutive director

6th April 2004 Platinum giant Impala Platinum Holdings has announced the appointment of Thandi Orleyn as an independent, nonexecutive director to the company’s board with effect from April 1. 

PGM explorer extends project area

6th April 2004 Australian platinum explorer Nkwe has announced that it has secured, for R5-million, an additional 1 500 ha down dip and along strike at its De Wildt project in South Africa. 

NUM accuses Harmony of callousness

6th April 2004 The National Union of Mineworkers (NUM) yesterday accused Harmony Gold of callousness in announcing the imminent closure of six shafts, which could cost at least 6 300 mineworkers their jobs. 

Acquisitive Harmony proves it's also a mine builder

By: Martin Zhuwakinyu     5th April 2004 The multibillion-rand organic growth projects being implemented by Harmony Gold Mining will not only create thousands of jobs but also increase output substantially when they are completed in a few years. 

Brazil's CVRD obtains $300m loan

5th April 2004 Brazilian iron-ore giant Companhia Vale do Rio Doce (CVRD) has obtained a $300-million syndicated loan. 

Cluff studies big new nickel-PGM mine in SA

5th April 2004 UK miner Cluff Mining reported on Friday that it had discovered a significant resource at Sheba’s Ridge in South Africa, which had the potential, in future, to transform the company into a significant nickel and platinum group metals (PGM) producer. 

First Quantum plans big exploration push in DRC

5th April 2004 Canadian miner First Quantum Resources said a resource calculation, at its newly-discovered Lufua project, in the DRC, is expected to be completed during the second quarter of the year. 

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