R/€ = 16.65 Change: 0.08
R/$ = 15.77 Change: 0.07
Au 1846.66 $/oz Change: 2.95
Pt 958.50 $/oz Change: -10.49

Latest News

Gem miner set to study Namakwa project

9th June 2003 Australian diamond miner Namakwa has announced the final results from the current phase of bulk sampling operations at the Namakwa Diamond Project on South Africa’s West Coast. 

Gold Fields’ non-SA mines now ISO 14001 accredited

9th June 2003 Leading South African gold producer Gold Fields has announced that its operations worldwide have recently achieved ISO 14001 certification. 

De Beers announces Aids treatment plan

By: Martin Czernowalow     9th June 2003 Diamond giant De Beers and the National Union of Mineworkers (NUM) on Friday announced a jointly developed HIV/Aids Workplace Policy, at a signing ceremony in Johannesburg. 

Golden Comrades in prospect

9th June 2003 South African gold producer Harmony Gold Mining Company last week presented the Comrades Association with four Harmony PureGold Hermes statuettes and 40 Harmony PureGold medals for the 2003 Comrades Marathon. 

DRD awards R100m gold-plant upgrade contract

9th June 2003 Gold miner Durban Roodepoort Deep (DRD) has awarded a R100-million contract for the upgrading of the South Plant at its North West operations near Stilfontein to South African engineering firm MAED. 

Strong outlook for iron-ore – study

6th June 2003 A new iron-ore market study has found that there will be continued strength in demand for the mineral over the next two years on the back of a finely balanced world market. 

Impala Platinum achieves ISO 14001 certification

6th June 2003 South African platinum producer Impala Platinum Holdings (Implats) announced yesterday that its Impala Platinum Rustenburg operation was granted ISO 14001 certification on June 2. 

Community to get back mineral rich land

6th June 2003 A Limpopo community will finally get back tracts of mineral-rich ancestral land this weekend that they lost during apartheid. 

Small shareholders to decide MIM’s fate

6th June 2003 Small shareholders in Australian miner MIM Holdings will decide the fate of London-listed Xstrata’s A$3,4-billion takeover bid tomorrow, with the final vote seen as too close to call. 

Police search for grave-desecrating miner

By: Martin Czernowalow     6th June 2003 The South African Police Services are searching for a small-scale mining operator who is wanted in connection with the desecration of graves in the Cullinan area, a Department of Minerals and Energy (DME) spokesperson told Mining Weekly Online today. 

Xstrata wins support for MIM purchase

6th June 2003 Coal miner Xstrata won a nail-biting vote today to approve its A$3,4-billion bid for MIM Holdings, one of Australia's oldest mining houses, after small shareholders opted to cash in their shares. 

Platinum group concludes seismic monitoring deal

5th June 2003 Platinum giant Anglo Platinum has signed an agreement with international mining consultants Snowden that will see the establishment of consistent support regarding seismic monitoring. 

AngloGold may retain Queenstake stock

5th June 2003 South African gold producer AngloGold said yesterday it could hold 10% of the outstanding stock of Queenstake Resources once it completes the sale of its Jerritt Canyon interests to the firm. 

Chinese aluminium firm plans expansions

5th June 2003 China's major aluminium producer, Jiaozuo Wanfang, said yesterday it plans to expand its capacity to 251 000 t/y by the end of this year from the current 115 000t/y. 

DRC in talks with Kinross on copper deal

5th June 2003 Democratic Republic of Congo hopes to ramp up dwindling copper production through a deal involving Canada's Kinross Gold Corporation to refurbish its Kamoto mine with $135-million, a top official said. 

Gem miner reports loss

5th June 2003 Canadian gem miner Diamond Fields International has reported a net loss of $141 721 for the three month period ended March 31, 2003, compared with income of $44 403 for the period in 2002. 

Switch by auto firms back to palladium unlikely to raise prices

By: Martin Czernowalow     5th June 2003 An upsurge in the price and demand for palladium is not expected in the foreseeable future, despite a current trend by carmakers to switch back to the metal. 

EU drafts rules to cut risk of mining-waste spills

4th June 2003 The European Commission proposed tougher rules on mining companies on Monday to reduce the risks of environmental disasters caused by waste dumps and toxic ponds collapsing. 

AngloGold says Ashanti deal close to completion

4th June 2003 South Africa's largest gold miner AngloGold said yesterday it had made good progress in talks to buy Ghana-based Ashanti Goldfields and that a deal would come very soon. 

New owner for Nevada mine

4th June 2003 Johannesburg-listed AngloGold said yesterday it had entered into an agreement to sell its 70% interest in the Jerritt Canyon gold mine to Queenstake Resources. 

Canadian and Aussie miner to merge

4th June 2003 LionOre Mining International and Dalrymple Resources NL yesterday announced that they have entered into an agreement to merge the two companies. 

Uganda courts potential mining investors

By: Martin Czernowalow     4th June 2003 Despite a long history of exploration and production, many high mineral potential areas in Uganda remain largely unexplored, giving rise to countless investment opportunities. 

Gold supply increases on back of rise in scrap

3rd June 2003 Precious metals research group Gold Fields Mineral Services (GFMS) has calculated that gold supply rose by just over 4% year-on-year in the first quarter. 

SA minerals agency acquires new analyser technology

3rd June 2003 South African mineral and metallurgical agency Mintek has acquired a mineral-liberation analysers (MLA) from the Julius Kruttschnitt Mineral Research Centre (JKMRC) in Australia. 

Project team for RBCT expansion disbanded

By: Martin Czernowalow     3rd June 2003 The core project team for the expansion of the Richards Bay Coal Terminal (RBCT) has been disbanded due to the unprecedented number of delays and no word on when the project might begin, Mining Weekly Online can exclusively report. 

Output ahead of schedule at KZN titanium smelter

3rd June 2003 Mining companies Kumba Resources and Ticor yesterday announced that the first furnace of the jointly owned Ticor South Africa titanium smelter at Empangeni has reached 50% production capacity after its first eight weeks of operation. 

ETC buy part of miner’s new precious focus

3rd June 2003 Canadian mining company Crew Development, which has a significant stake in South Africa’s Metorex, yesterday confirmed its strategy of moving from being a broadly diversified multi-commodity mining company to focus primarily on precious metals. 

Cluff files Blue Ridge licence application

3rd June 2003 UK-based mining and exploration group Cluff Mining said yesterday it had submitted a mining licence application to South Africa's Department of Minerals and Energy to authorise development of its wholly owned Blue Ridge project. 

Land claim could delay Alexkor privatisation even further

By: Martin Czernowalow     2nd June 2003 As the South African government pushes on with the restructuring of Alexkor, the roller coaster ride is far from over for the State-owned Northern Cape gem-miner. 

PMI releases Ghana drill results

2nd June 2003 Canadian miner PMI Ventures has announce further results of its initial drill programme on the package of exploration concessions and applications covering an area of some 400 sq km, along a length of 50 km of the axis of the Asankrangwa Gold Belt, in southwestern Ghana. 

SA joins global clean-coal initiative

By: Martin Zhuwakinyu     2nd June 2003 South Africa has been admitted as a participating member of the International Energy Agency’s (IEA’s) programme of research, development and demonstration on clean coal science (CCS) – a development which will enable the country to cooperate with leading researchers in this area... 

Randgold denies making bid for Ashanti

2nd June 2003 Ghana said on Friday South African gold miner Randgold had made an offer for miner Ashanti Goldfields, but Randgold's chairperson said no bid had been made. 

Kaiser’s Valco smelter to operate fully by 2006

2nd June 2003 Kaiser Aluminum and Chemical Corporation said on Friday it signed a memorandum of understanding with Ghana and Volta River Authority for its 90% owned Volta Aluminum (Valco) smelter in Ghana to be fully operational by January 2006. 

Rockfalls kill six miners at two mines

2nd June 2003 Four workers were killed in a rock fall at a gold mine owned by South African giant AngloGold last week, the company said on Saturday. 

European lead production stable

30th May 2003 Europe's lead industry is unlikely to see further significant reductions in capacity after cutbacks in France, Belgium and the UK earlier in 2003, with other producers saying they expect to keep output near last year's levels. 

Australian miner bullish on SA, Namibian projects

30th May 2003 At the annual general meeting of Mineral Commodities in Perth, Australia, yesterday, CEO Alan Luscombe highlighted the progress achieved on two South African mineral sands projects. 

F1 Jaguar team supports pink gem marketing

By: Martin Czernowalow     30th May 2003 This year’s Formula One race weekend in Monte Carlo is set to sparkle with a difference, as the occasion sees the unveiling of the spectacular Steinmetz Flawless Diamond Collection, as well as the world premiere of the Steinmetz Pink – a 59,60-carat, internally flawless, fancy pink... 

Russian aluminium producer to raise output

30th May 2003 Russia's top aluminium producer RusAl will raise production by 1,25-million tons within the next five years by building a new smelter, buying existing ones and expanding current capacity, a top official said yesterday. 

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