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Record gold prices get investor pulses racing 

By: Creamer Media Reporter      1st October 2010 Record and rising gold prices mean that exploration and development companies are generating a lot more excitement than around this time last year. But it seems some regions are more interesting than others. 

Russians buy into South African minnow's iron innovation  

By: Martin Creamer     1st October 2010 Large Russian mining and steel company OAO Severstal has bought into new South African technology that converts abundant waste fines into iron feedstock for steelmaking. The process does not require the use of expensively priced coking coal and is able to make do with far cheaper thermal coal.... 

Mining has major role to play to grow SA's economy – Xstrata  

By: Martin Creamer     28th September 2010 Mining has a major role to play to grow the South African economy, Xstrata Alloys executive director Mike Rossouw said on Tuesday. "I also believe that mining has a major role to play in nation-building," Rossouw added at the CFA South Africa-GIBS conference in Johannesburg on future strategies. 

Black-owned Optimum Coal to invest R3bn over next three years  

By: Martin Creamer     24th September 2010 The black-owned JSE-listed Optimum Coal, South Africa’s sixth-largest coal producer, plans to invest R3-billion in capital projects in the next three years. 

Gabriel Resources sees progress on big Romanian gold project 

By: Creamer Media Reporter      23rd September 2010 Gabriel Resources has received some good news on its delayed Rosia Montana project, in Romania 

Bauba Platinum to raise R45m for more exploration 

By: Martin Creamer     17th September 2010 New platinum junior Bauba intends raising R45-million in equity capital by the end of this year or in the first quarter of 2011 to allow for additional exploration drilling to take the inferred resource up the value curve and towards a bankable feasibility study. 

Profound change needed to ensure mining sector transformation, says Ramaphosa 

By: Jonathan Faurie     17th September 2010 The dismal interplay between government, the private sector and the public is what is driving the nationalisation debate, reports South African Institute of International Affairs senior researcher Dr Petrus de Kock.  

Court orders Cipro to reinstate Kalahari directors 

By: Loni Prinsloo     16th September 2010 The South High Court on Thursday ordered the Companies and Intellectual Property Registration Office (Cipro) to replace the names of the eight people that "highjacked" Kalahari Resources, with that of the original two directors Daphne Mashile-Nkosi and Brian Mashile. On September 8, Kalahari... 

Labrador Iron wants plant finished by Christmas, first output in April 

By: Liezel Hill     15th September 2010 Canada's Labrador Iron Mines (LIM) will aim to finish plant construction at its Labrador project before the end of the year, after a blockade by local first nations was lifted, allowing access to the site. Harsh weather conditions mean that the operation will only run eight months so the year,... 

Tasiast one of world's 'great new gold mines' – Kinross chief 

By: Liezel Hill     15th September 2010 Red Back Mining's Tasiast gold deposit in Mauritania will be “one of the great new gold mines in the world today,” CEO Tye Burt said on Wednesday. Kinross has said it estimates resources at Tasiast could get to between 17-million and 25-million ounces.  

Black-owned Optimum's coal spat with Eskom spills over to 2011 

By: Martin Creamer     14th September 2010 The arbitration case that black-owned JSE-listed coal-mining company Optimum Coal expected to be over in a matter of days has spilled over to March/April 2011. The arbitration, which began in Johannesburg on August 10 "for probable conclusion on August 15 or 16", has now been postponed "by... 

Sasol decelerates CTL project pending carbon capture, refinery clarity  

By: Terence Creamer     13th September 2010 Sasol CEO Pat Davies on its coal-to-liquids projects in China and South Africa, and its gas-to-liquids plan for Uzbekistan. 

Canada's miners catch M&A fever 

By: Creamer Media Reporter      10th September 2010 Canada's mining community is abuzz with merger and acquisition madness. 

Ozone provides 
cyanide destruction 

By: Henry Lazenby     10th September 2010 JSE-listed African Oxygen (Afrox), part of The Linde Group, is developing a technology that aims to significantly improve the efficiency of using the cyanide destruction process at gold mines.  

Keaton to start mining coal at Vanggatfontein in November  

By: Loni Prinsloo     6th September 2010 JSE-listed Keaton Energy said on Wednesday that it would produce the first coal from its greenfield Vanggatfontein project by November, which would be followed shortly by the start of production from the mine's second phase, dedicated for use by State-owned power utility Eskom.  

Slow transformation fuels nationalisation debate – Samda 

By: Loni Prinsloo     6th September 2010 Slow transformation in South Africa's mining industry has sparked, and is driving, the debate around nationalisation of the country's mines, said South African Mining Development Association (Samda) chairperson Nchakha Moloi. Speaking at the Mining for Change conference in Johannesburg, on... 

Uranium One shareholders approve Russian deal 

By: Creamer Media Reporter      3rd September 2010 Uranium One shareholders have approved a deal that gives Russia's ARMZ a controlling stake in the company 

SA mining sector's 2013 zero-harm safety target unlikely – social scientist  

By: Martin Creamer     3rd September 2010 South Africa’s mining industry has committed itself to reducing the vast majority of accidents and, certainly, deaths by 2013. The CEOs of more than 30 companies determined that 2013 will be the year in which South Africa’s mine safety will be on a par with the mine safety in industrialised... 

Consulting engineer sees opportunity in industry upswing 

By: Jonathan Faurie     3rd September 2010 Diversified consulting engineers and scientists SRK Consulting has taken advantage of the current rejuvenation of the mining industry in Zimbabwe to set up a fully functional office in the country, similar to the recently established office in the Democratic Republic of Congo (DRC). 

South African mining industry’s 2013 zero-harm attainment unlikely – social scientist  

By: Martin Creamer     3rd September 2010 South Africa’s mining industry has committed itself to reducing the vast majority of accidents and certainly deaths by 2013. The CEOs of more than 30 companies determined that 2013 will be the year in which South Africa’s mine safety will be on a par with the mine safety in industrialised... 

New energy-recovery/slurry 
pump to be launched  

By: Tracy Hancock     27th August 2010 International pumps manufacturer Slurry Pump Solutions, a VBV Holdings company, will launch its new product, the Phoenix energy-recovery/slurry pump at the second-largest mining trade show in the world, Electra Mining, in October.

The unit will not only replace seven conventional slurry pumps... 

Mining accidents in the headlines again 

By: Creamer Media Reporter      26th August 2010 A number of high-profile mining accidents have put safety concerns back under the spotlight 

Strong rand ‘unceremoniously' erodes platinum basket – Implats 

By: Martin Creamer     26th August 2010 The strength of the South African rand kept the rand basket price for platinum group metals virtually unchanged in a 12-month period in which the dollar basket price rose 16%, platinum miner Implats said on Thursday. The dollar basket price was up 16% for the year, but those gains were... 

Vele mine rehab to take place concurrently with mining - CoAL  

By: Martin Creamer     23rd August 2010 Mining and rehabilitation will take place concurrently at Coal of Africa's (CoAL's) Vele's opencast coal project where South Africa's Department of Environmental Affairs (DEA) has ordered mining to cease. The Vele opencast mine, which is 15 km from the border of the Mapungubwe National Park – a... 

BHP Billiton bids for Potash Corp 

By: Creamer Media Reporter      19th August 2010 The world's biggest miner has offered to buy Canada's Potash Corp, but the Canadian firm says the bid is 'grossly inadequate' 

SA undermined by mining-rights controversy - captains of industry 

By: Terence Creamer     17th August 2010 Leaders from South Africa's top local and foreign companies have warned that the prevailing controversy around mining licences in South Africa had "undermined our country's reputation and standing" in the eyes of investors and "caused harm beyond the important sector of mining". Business... 

Harmony sets 1,7Moz target, says Joel mine life may double 

By: Martin Creamer     16th August 2010 SE-listed gold major Harmony has given guidance that it will produce 1,7-million ounces of gold in its 2011 financial year as its suite of new gold projects ramp up - and sprung a surprise that the life of Joel gold mine may double. While there is very little unforeseen in the reported build up... 

Merriespruit only remaining potential Harmony closure 

By: Martin Creamer     16th August 2010 The 1 400-employee Merriespruit 1 is the only remaining gold shaft within Harmony Gold's virtually completed restructuring programme that may yet be closed, Harmony Gold CEO Graham Briggs tells Mining Weekly Online in a video interview. The JSE-listed gold miner has closed six of shafts in the... 

Cash-flush Exxaro studying iron-ore options in Africa, Australia, S America 

By: Martin Creamer     12th August 2010 Diversified miner Exxaro, which has a R2-billion cash war chest, is studying a number of iron-ore options in Africa, South America and Australia, Exxaro CEO Sipho Nkosi tells Mining Weekly Online in a video interview. Nkosi says that that Exxaro, already Kumba Iron Ore's black economic... 

AngloGold Ashanti studying $2bn West Wits, Vaal River projects 

By: Martin Creamer     12th August 2010 Gold major AngloGold Ashanti is studying significant projects in the company's South African West Wits and the Vaal River areas, AngloGold Ashanti CEO Mark Cutifani tells Mining Weekly Online in a video interview. Cutifani says that probably in excess of a US$1-billion would be required in each... 

North American gold producers cash in 

By: Creamer Media Reporter      6th August 2010 The top North American gold miners have reported glowing results for the second quarter, prompting dividend increases in some cases. 

Australia’s market ideal for product development 

By: Eleanor Seggie     6th August 2010 Mining process equipment manufacturer and supplier Multotec’s Australian office is conducting product sales, development and improvement through field trials at several key mines in the country as a measure of its confidence in its products, says Multotec international business executive Roy Roche. 

Anooraq plans to double profit from Bokoni by 2011 

By: Loni Prinsloo     5th August 2010 TSX- and JSE-listed Anooraq Resources said on Thursday that it envisaged generating a profit of around R60-million to R70-million from its operations every quarter by January 2011. The platinum miner increased its operating profit by 36% during its second quarter ended June 30, to R26,4-million,... 

Gold Fields wants 20% margin irrespective of gold price 

By: Martin Creamer     5th August 2010 JSE-listed gold major Gold Fields would be re-engineering its operations in order to achieve a minimum 20% profit margin across the group after all operational and capital expenditure, Gold Fields CEO Nick Holland said on Thursday. Gold Fields, which is chasing a production target of 3,8-million... 

Russia's ARMZ targets Uranium One rerating 

By: Liezel Hill     5th August 2010 Uranium prices will need to gain by around 50% from current levels to make new mining projects economic, at least outside of low-cost Kazakhstan, Vadim Zhivov, the director-general of Russia's State-owned uranium miner told Mining Weekly Online on Wednesday. Zhivov, whose Atomredmetzoloto (ARMZ)... 

Merafe/Xstrata to build R1bn Tswelopele chrome-fines plant  

By: Martin Creamer     3rd August 2010 The Merafe/Xstrata chrome venture has approved the construction of a new R1-billion, 600 000 t/y chrome-fines pelletising and sintering plant at its Rustenburg operation. New Merafe Resources CEO Stuart Elliot told Mining Weekly Online in a video interview that the building of the Tswelopele... 

Thompson Creek Metals gets into copper and gold 

By: Creamer Media Reporter      29th July 2010 Denver-based Thompson Creek Metals has announced plans to buy Canadian junior Terrane Metals. 

Tanzania's Jengo wants mine listings on African exchanges  

By: Martin Creamer     27th July 2010 Tanzanian minerals executive Emmanuel Jengo on Tuesday strongly denounced mine nationalisation as an industry destroyer; said that State mining companies had no place in market economies; condemned free-carried government mining venture ownership as "just another tax" – and called on gobal miners... 

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