R/€ = 15.64 Change: 0.00
R/$ = 13.94 Change: 0.00
Au 1425.38 $/oz Change: -13.78
Pt 843.26 $/oz Change: -12.18

Latest News

Record silver output from US miner

16th February 2004 US-based silver miner Hecla Mining Company at the weekend reported that it produced a record amount of silver at its lowest cost ever in the company's 113-year-history of operations. 

Gold Fields, Mvela move closer to deal

16th February 2004 South Africa’s second largest gold producer Gold Fields, empowered miner Mvelaphanda Resources and the various financiers to a transaction through which Mvelaphanda will acquire a 15% interest in the South African gold mining and related assets of Gold Fields for R4,1-billion, signed the... 

Rand to hammer Kumba’s earnings

16th February 2004 South Africa's biggest iron-ore producer Kumba Resources is expected to report a 50% drop in half-year headline earnings as the strong rand bites into profits and jeopardises expansion plans. 

‘Charter ideals should be taken further’

By: Martin Czernowalow     16th February 2004 The spotlight fell on transformation within the South African mining sector on Friday, as the National Union of Mineworkers (NUM) opened its two-day Mining Charter Summit, aimed at examining the implications of the broad-based socioeconomic mining charter on labour and the industry. 

AngloPlat announces R4bn rights issue

16th February 2004 Platinum-mining giant Anglo Platinum today announced that it would be pursuing a R4-billion rights issue and implementation of a dividend reinvestment programme to support the funding of its expansion programme. 

DRC's Kilomoto to restart gold production

13th February 2004 The Kilomoto gold mine in the Democratic Republic of Congo, forced to shut down when the region was engulfed by civil war, will resume production this month, the firm's head said on Wednesday. 

Ashanti CEO sees Ghana approving AngloGold deal

13th February 2004 Ashanti Goldfields said on Wednesday that Ghana's parliament would approve the firm's takeover by South Africa's AngloGold despite opposition threats to derail the deal. 

Copper entrant breaks ground Downunder

13th February 2004 Australian junior Tritton Resources yesterday announced the start of construction of a $39-million copper project in New South Wales, Australia. 

Union hosts charter summit

13th February 2004 The National Union of Mineworkers (NUM) will today kick-off a two-day mining-charter summit, which it is hosting at a venue in Woodmead, Johannesburg. 

$224m financing for new Zambia copper mine

13th February 2004 Canadian miner First Quantum Minerals has announced the first signings of a financing debt package totaling $224-million for the phase one construction of its 80%-owned Kansanshi copper-gold project in Zambia. 

China not a bubble, says analyst

By: andrew lanham     13th February 2004 Many people do not realise how much Africa has changed, and also how much China has changed, says Robert Friedland, cochairman and president of Ivanplats, speaking at the Investing in Mining Conference in Cape Town. 

Canadian explorer awarded Bushveld permit

13th February 2004 Canadian platinum prospector Platinum Group Metals (PTM) announced yesterday that it's wholly owned subsidiary, Platinum Group Metals South Africa, had been granted a prospecting permit for the War Springs property in the northern limb of the Bushveld Complex. 

Some 5 000 workers to strike at Harmony mines

13th February 2004 The National Union of Mineworkers (NUM) announced yesterday that about 5 000 workers, covering seven shafts, at Harmony’s gold mines in the Free State and the North West, went on Wednesday night. 

'Kenya still supportive of titanium project'

13th February 2004 Canadian miner Tiomin Resources announced yesterday that the government of Kenya, through the Office of the Commissioner of Mines, had provided written confirmation of its approval and support for the company's titanium-mining project, Kwale. 

$22m raised for Alaska project

13th February 2004 Canadian miner Northern Dynasty Minerals announced yesterday that it has arranged a private placement financing of 2,75-million units at C$8/unit with each unit consisting of a share and one half warrant. 

Platinum explorer completes SA acquisition

13th February 2004 Australian platinum prospector, Nkwe Platinum, yesterday announced that it had completed the acquisition of Scarlet Ribbon Properties 3 in South Africa, which held the Tinderbox and Ghost Mountain prospects. 

Contract miner reports 1m fatality free shifts

13th February 2004 South African contract miner, Cementation Mining, stated yesterday that it has reached the one-million fatality-free shift mark for the second time in less than three months. 

Implats headline earnings slide as expected

13th February 2004 The world's second biggest platinum producer Implats posted an expected 47% fall in half-year earnings on Thursday due to a strong local currency, but held out hope that the next results would stabilise. 

Implats holds out olive branch to Bafokeng

By: Martin Czernowalow     13th February 2004 South Africa’s Impala Platinum yesterday acknowledged that the sale of its 27,1% stake in Lonplats would not give it enough credits to fully comply with the first five-year demands of the country’s broad-based socioeconomic mining charter. 

Platinum-miner reworks SA capex

By: Terence Creamer     13th February 2004 South African platinum-miner Impala Platinum (Implats) has rejigged capital expenditure plans for its South African lease area near Rustenburg, where it hopes to maintain production at more than a million ounces a year. 

Implats remains committed to NYSE listing

By: Terence Creamer     13th February 2004 The world’s second-largest platinum-miner, Impala Platinum (Implats), is conducting analysis to assess the costs and benefits associated with a secondary listing on the New York Stock Exchange (NYSE), the world’s largest exchange. 

Mvela announces new executive

13th February 2004 Empowered South African miner Mvelaphanda Resources (Mvela), announced yesterday that Nthobi Angel has been appointed CE of the company with effect from February 16, 2004. 

Mvela, Northam strike Booysendal deal

13th February 2004 Empowered South African mining company Mvelaphanda Resources (Mvela) and Northam Platinum (Northam) announced yesterday that agreement has been reached on Northam’s acquisition of Mvela’s Khumama interest in the Booysendal Platinum Project. 

SA mining output up 5,8% in 2003

12th February 2004 Total mining production in South Africa - the world's largest producer of gold and platinum - rose 5,8% in 2003, Statistics South Africa said on Tuesday. 

EIA launched for coke plant upgrade

By: Martin Czernowalow     12th February 2004 A scoping study, for an environmental-impact assessment (EIA), has been launched for the proposed replacement of one of South African steel giant Iscor’s decommissioned coke batteries, in Newcastle. 

New African mining partnership announced

By: andrew lanham     12th February 2004 Speaking on behalf of South Africa’s Minister of Minerals and Energy, Phumzile Mlambo-Ngcuka, the Minister of Mines for the Republic of Ghana, Cecilia Bannerman, used the occasion of the 9th Investing in Africa Mining Indaba to announce the formation of the African Mining Partnership (AMP)... 

BHPB JV identifies copper-gold targets in Turkey

12th February 2004 Canadian junior miner Odyssey Resources reported that the first phase of work on its 50:50 joint venture project with mining giant BHP Billiton has been completed. 

Few remaining chances in the Bushveld

By: andrew lanham     12th February 2004 There are precious few opportunities left for platinum properties in the Bushveld, explains Rene Hochreiter, a platinum analyst with Nedcor Securities, speaking at the Investing in Mining Indaba 2004 in Cape Town. 

China – an opportunity for Africa’s miners

By: andrew lanham     12th February 2004 Demand for mineral commodities spells out a ‘great opportunity’ for Africa, said deputy chief executive of Anglo American Lazarus Zim, speaking at the ninth Investing in African Mining conference, in Cape Town. 

Gem miner sees 2003 as most productive year

11th February 2004 US-based miner America Mineral Fields (AMF) reported that the past financial year has been the most productive for the company since its inception as a public corporation in 1995. 

BHPB settles 2004 coking coal prices

11th February 2004 Australian-based diversified mining giant BHP Billiton yesterday announced it had settled commercial terms for the majority of annual-priced coking coal contracts relating to the BHP Billiton Mitsubishi Alliance (BMA) and BHP Mitsui Coal operations, in Queensland, and the BHP Billiton Illawarra... 

High-grade gold intersections reported at Youga

11th February 2004 Explorer Etruscan Resources announced yesterday that diamond drilling on the Youga Gold Deposit in Burkina Faso continues to intersect high-grade gold mineralisation. 

Canadian explorer starts drilling at Ghana gold project

11th February 2004 Canadian diamond explorer PMI Ventures announced yesterday that the next phase of diamond drilling has started on the Ashanti II gold project, in Ghana. 

IT system implemented for Gold Fields

11th February 2004 The business unit of information systems company AST Group, GMSI, has been contracted by South African gold-miner Gold Fields to develop and implement an integrated resource and reserve information system (Irris). 

Minister launches mining partnership

11th February 2004 Mining can play an important role not only in poverty eradication but also in strengthening the African renaissance, says Minerals and Energy Minister Phumzile Mlambo-Ngcuka. 

R415m BEE financing for Everest South next month

By: Martin Czernowalow     11th February 2004 Platinum producer Aquarius Platinum South Africa said that it is ready to begin construction work on its Everest South project during the second quarter of the year, pending the completion of black economic empowerment (BEE) financing by the end of March. 

Gold junior launches $70m convertible note offering

11th February 2004 Canadian gold junior Bema Gold Corporation announced yesterday that it has launched an offering of $70-million senior unsecured convertible notes due in February. 

Anglo announces two strategic appointments

11th February 2004 Mining giant Anglo American Corporation of South Africa said yesterday that Tebello Chabana assumed the new role of head of regulatory affairs at its premises, with effect from February 1. 

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