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Latest News

Gold hopeful plans production by 2005

17th March 2004 Australian gold hopeful Aurex Consolidated has outlined new growth plans in the Australian gold sector, following a $4,32-million placement. 

Equipment giant buys stake in Brazil conveyor firm

17th March 2004 Sandvik Materials Handling (SMH), a product area within Sandvik Mining and Construction (SMC), has acquired 51% of Manuseio de Gran 

World's largest ultra-fine grinding mill installed

17th March 2004 The technology division of Anglo-Swiss resources group Xstrata announced yesterday that the world’s largest ultra-fine grinding mill, the 2,6 MW M10000 IsaMill, had been successfully commissioned at Anglo Platinum’s Western Limb Tailings Retreatment Plant (WLTRP) in South Africa. 

Resources giant in organisational revamp

By: Martin Czernowalow     17th March 2004 Global mining giant BHP Billiton announced yesterday the resignation of Mike Oppenheimer as president of the company’s Energy Coal Customer Sector Group, following an internal reorganisation. 

Aflease’s bid to buy Kalgold fails

17th March 2004 A deal to sell Harmony Gold's Kalgold mine to Afrikander Lease (Aflease) fell through after Aflease failed to meet a payment deadline yesterday, the top South African gold producer said. 

Investor sells $157m in Anglo American shares

17th March 2004 The Botswana government sold part of its stake in global mining group Anglo American, in a deal worth about  

Chamber welcomes extension of gold sales agreement

16th March 2004 The Chamber of Mines has welcomed a statement by the European Central Bank that the original European Central Bank Gold Sales agreement has been extended for another five years ending in September 2009. 

SouthernEra comments on Rio share sale

16th March 2004 Canadian mining group SouthernEra Resources, which has platinum and diamond interests in South Africa, claims that it was not surprised to learn that resources giant Rio Tinto had decided to sell a block of shares in the company, but that it was disappointed. 

Black empowerment plan spurs controversy

16th March 2004 A juicy 51% stake in a South African gem company was being dangled in front of young black businessman Bungane Kakana. The terms were generous, but Kakana turned it down. 

Gold-miner's report goes beyond the financials

16th March 2004 Gold mining giant AngloGold yesterday published its annual financial statements (AFS), covering its operating and financial results for the year 2003. 

AngloGold’s output to decline again, but merger will add bulk

By: Terence Creamer     16th March 2004 Leading South African gold-miner AngloGold expects production from its global operations to decrease to about 5,3-million ounces in 2004 as compared to 5,62-million ounces in 2003 – a fourth consecutive year of contraction. 

R1,27bn Doornkop project steams ahead, under budget

By: Martin Czernowalow     16th March 2004 South African gold-miner Harmony’s R1,27-billion Doornkop South Reef project is progressing on schedule and under budget, the company announced yesterday. 

DRD appoints task team to fight rand’s effects

16th March 2004 South African marginal gold producer Durban Roodepoort Deep’s (DRD) Blyvooruitzicht mine has appointed an eight-person task team, representative of management and organised labour, to urgently investigate the negative effect, on the operation’s margins, of the rand’s strength,... 

Harmony moves to buy-out Abelle minorities

16th March 2004 South African miner Harmony Gold said yesterday it was offering R620-million ($92,19-million) to buy out minorities in Australia's Abelle. 

Mvela raises R1,8bn for Gold Fields stake

16th March 2004 South Africa's Mvelaphanda Resources said yesterday it has raised R1,79-billion ($265-million), via a private placement, to help fund its purchase of a 15% stake in Gold Fields. 

New diamond-mine plan

By: ongezwa manyathi     15th March 2004 A study is under way into the economic feasibility of establishing a new diamond-mine in South Africa’s Free State province, Mining Weekly can today exclusively report. 

Northam has independents assess acquisition

15th March 2004 South African platinum miner Northam has made some independent appointments in light of a proposed acquisition by the company of Mvela Resources' 50% joint venture (JV) interest in the Booysendal Platinum Project. 

Coal-mine awards switchgear contract

15th March 2004 The medium voltage division of engineering giant ABB Power Technology has won a R1,4-million contract to upgrade and replace outdated underground switchgear at an Xstrata coal mine, near Witbank, in Mpumalanga. 

Asia copper premiums stay high as stocks fall

15th March 2004 Premiums on spot copper cargoes in southern Asia are steady at high levels, as suppliers in the region become more adventurous in sourcing the red metal, traders in the region said on Friday. 

Three companies get slapped with prohibition notices

15th March 2004 Three companies in Swartruggens in the North West were forced to halt operations after the Labour Department issued them with prohibition notices yesterday following complaints concerning working conditions. 

RBM in big empowerment move

15th March 2004 Mineral sands miner Richards Bay Minerals (RBM) and the Dube and Mkhwanazi Tribal Authorities, the two local communities surrounding the Zulti South mining lease area, south of Richards Bay, signed a shareholding agreement at the weekend to create Nozalela Mineral Sands. 

SA mining industry gets NQF Level 1 qualification

15th March 2004 Adult learners within the mining and minerals sector will soon be able to earn an NQF Level 1 qualification that is relevant to their industry. 

New sorting technology for SA mining sector

15th March 2004 South Africa’s MikroSort SA, an IMS Group company, has upgraded its containerised test plant, located at Mintek, in response to an increased demand from the South African mining industry for the opto-electronic sorting of mineral ore. 

Rio sells stake in Portuguese copper mine

12th March 2004 Leading diversified resources group Rio Tinto announced yesterday that it would sell its interest in Somincor. 

PGM hopeful secures Amex listing

12th March 2004 Canadian platinum group metals (PGM) explorer Anooraq Resources Corporation announced yesterday that it has received formal approval to list its common shares on the American Stock Exchange (Amex). 

Scramble on to keep pace with growing alumina demand

12th March 2004 Rapidly rising world aluminum demand, notably from China, will require a major increase in alumina and bauxite production capacity, mining and metals consultants told an international seminar in Brazil on Wednesday. 

Avmin contributes R2m to political parties

12th March 2004 South African gold company Anglovaal Mining (Avmin) announced yesterday that is contributing R2-million to political parties in support of democracy in South Africa. 

Zambian producer to raise copper output in 2004

12th March 2004 Zambia's Mopani Copper Mines (MCM) will raise its finished copper production to 160 000 t this year, from 134 000 t last year, CEO Tim Henderson said this week. 

Barrick farms into gold project Downunder

12th March 2004 Gold major Barrick Gold reported yesterday that it has farmed into Lach Drummond Resources (LDR) with a granted exploration permit EPM13667, which is located 60 km south of Charters Towers in the northern section of the Drummond Basin, in Queensland, Australia. 

BEE hopefuls queue up to be De Beers’ partner of choice

By: Terence Creamer     12th March 2004 More than 50 black economic empowerment (BEE) hopefuls have submitted expressions of interest in taking up equity in De Beers Consolidated Mines (DBCM), the South African arm of global diamond giant De Beers. 

ERPM’s dump-mining project delayed

By: Martin Czernowalow     11th March 2004 A strategy to turn marginal gold-miner East Rand Proprietary Mines (ERPM) into a 400 kg/m producer has hit a snag, but management is hopeful that the project will get back on track next month. 

Oz miner advances Botswana gold project

11th March 2004 Australian-listed Gallery Gold has reinforced the potential for a significant increase in the reserve/resource base at its Mupane gold project, in Botswana, after confirming the presence of a new satellite deposit at Golden Eagle, 14 km from the Mupane processing plant where construction is... 

Explosives firm report Aids-programme success

11th March 2004 Johannesburg-based explosives company African Explosives (AEL) has reached a milestone concerning Aids awareness, treatment and prevention in a cost-efficient manner, an independent-survey reveals. 

Miner in $15m financing scheme

11th March 2004 Canadian minerals firm Etruscan Resources announced yesterday it has entered into an agreement with a syndicate of underwriters, led by Sprott Securities, through which the underwriters have agreed to purchase 6 521 740 units, at a price of $2,30/unit for aggregate proceeds to Etruscan of... 

Harmony outlines political-party funding

11th March 2004 South Africa’s Harmony Gold Mining Company today announced that its board of directors has approved an amount of R3-million to assist in the development and enhancement of the democratic process in the forthcoming elections. 

Sasol in electrodet deal with Australian firm

10th March 2004 South African petrochemicals giant Sasol announced that it has reached an agreement with Australian-based Orica Mining Services, in terms of the technology, manufacture and distribution of electronic detonators. 

Burkina Faso drilling moves ahead

10th March 2004 Canada's Etruscan Resources announced yesterday that it had completed 20 new diamond drill holes on the Youga Gold Deposit in Burkina Faso, West Africa. 

PGM confirmation in north limb prospecting

10th March 2004 Platinum and palladium explorer Platinum Group Metals (PTM) reported yesterday that significant platinum and palladium had been intersected at Tweespalk Project on the northern limb in South Africa’s Bushveld complex. 

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