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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... 

Eskom positioned to power Angloplat growth – CEO  

By: Martin Creamer     26th July 2010 State-owned power utility Eskom was positioned to meet the growth requirements of Anglo Platinum, Angloplat CEO Neville Nicolau said on Monday. After reporting 532% higher headline earnings of R2,6-billion for the half-year to June 30 and keeping growth capital expenditure (capex) at... 

Second Take: AMSA's dispute with Kumba 

23rd July 2010 We speak about steelmaker ArcelorMittal South Africa's dispute with miner Kumba Iron Ore. 

Minera IRL would consider merger of equals  

By: Liezel Hill     22nd July 2010 Junior Minera IRL, which trades on the Aim, TSX and BVL markets, could see a benefit in merging with a gold company of a similar size, executive chairperson Courtney Chamberlain said on Thursday. "I think that we and other companies should be looking at 'synergenistic' corporate transactions,... 

Beyond-60Mt/y iron-ore study imminent – Kumba 

By: Martin Creamer     22nd July 2010 The external concept study that is expected to shed fresh light on the expansion of the Sishen-Saldanha rail capacity beyond 60-million tons a year should be available soon, Kumba Iron Ore (KIO) CEO Chris Griffith told Mining Weekly Online after KIO announced record operational and financial... 

Rio Tinto and Ivanhoe Mines bump heads over shareholder rights plan 

16th July 2010 Rio Tinto and Ivanhoe Mines are headed to arbitration over a shareholder rights plan adopted by Ivanhoe, that Rio says infringes on its contractual rights. 

Resgen seeks to raise R4,5bn for Waterberg coal mine 

By: Loni Prinsloo     14th July 2010 Australian miner Resource Generation (Resgen) on Wednesday listed on the JSE in an effort to gain access to the South African markets in raising finance for its coal project in the Waterberg region. Resgen, which has a primary listing on the ASX, planned to start production at its Boikarabelo... 

Golden treasure arises beneath skirt of old Agnes mine  

By: Martin Creamer     14th July 2010 A constellation of 21 virtually virgin orebodies has come to light from beneath the skirt of the forgotten old Agnes gold mine in Barberton, the heart of South Africa's discredited greenstone gold belt. The golden galaxy might have been consigned to oblivion were it not for mining veteran Peter... 

Rio Tinto ‘underinvested' in Africa - CEO 

By: Martin Creamer     2nd July 2010 Diversified miner Rio Tinto is "underinvested" in Africa, says its CEO Tom Albanese, who anticipates the continent becoming the site of the British-Australian multinational's newest iron-ore growth vector. Albanese tells Mining Weekly Online that he would like to see the first iron-ore... 

Implications of Gulf oil spill for Canada's oil sands 

By: Creamer Media Reporter      1st July 2010 What are the implications of the oil spill in the Gulf of Mexico for the oil sands industry in Canada?  

Mining declaration ‘very important step in right direction' – Leon 

By: Martin Creamer     30th June 2010 The joint mining declaration over which Mineral Resources Minister Susan Shabangu presided on Wednesday was "a very important step in the right direction", regulatory lawyer Peter Leon told Mining Weekly Online in a video interview. Leon, who has an intimate knowledge of what it takes for a... 

Simmers to close two Buffelsfontein gold-mine shafts 

By: Martin Creamer     29th June 2010 JSE-listed gold-and-uranium miner Simmer & Jack Mines (Simmers) has initiated the closure of two more shafts at its Buffelsfontein (Buffels) gold mine in North West province, Simmers CEO Nico Schoeman told Mining Weekly Online on Tuesday. Labour union Solidarity, which described Simmers'... 

Upper Big Branch Investigation 

25th June 2010 Teams have re-entered Massey Energy's Upper Big Branch coal mine and the investigation into an explosion that killed 29 people has begun. 

Mining industry eyes Colombian policy under post-Uribe govt  

By: Liezel Hill     23rd June 2010 The policies adopted by the new government in Colombia will be critical in determining whether the mining sector in the Latin American nation continues to grow the way that it has under outgoing President Alvaro Uribe. According the Fraser Institute annual mining survey, Colombia has been one of... 

Optimum Coal launches R600m water treatment plant 

By: Megan van Wyngaardt     18th June 2010 With predictions indicating that South Africa will experience significant water shortages in the next 15 years, a number of companies are working to improve the management of their water resources. 

Wits Gold plans to move De Bron into development stage 

By: Loni Prinsloo     14th June 2010 Gold exploration company Witwatersrand Consolidated Gold Resources (Wits Gold) said on Monday that it would advance its De Bron asset in South Africa's Free State province into development stage in the near future. Wits Gold investor relations manager Hethen Hira told Mining Weekly Online that... 

Russian firm buys control of Uranium One 

By: Creamer Media Reporter      11th June 2010 Uranium One has announced a transaction to give a Russian state owned miner a controlling stake in the TSX- and JSE-listed company 

Resurgent Randgold & Exploration keen to bridge equity-bank participation gap 

By: Martin Creamer     11th June 2010 After achieving a R950-million settlement with JCI, the late Brett Kebble company, Randgold & Exploration (R&E), is back in business, and keen to fill a perceived “unfilled space” on the current South African mining landscape. On the one side of that “unfilled space” are the full equity... 

Transnet eyes 81Mt coal line despite poor 2010 performance 

By: Terence Creamer     10th June 2010 State-owned transport utility Transnet has finally accepted the bulk of the blame for the ongoing underperformance of the export coal line from Mpumalanga province, to the port of Richards Bay, in KwaZulu-Natal, which recorded its fifth straight year of volume decreases in 2009/10. Acting CEO... 

Wescoal to conclude deals this year that may treble coal reserves 

By: Martin Creamer     9th June 2010 JSE-listed coal miner and trader Wescoal will conclude deals this year that will increase the company's coal reserves by between three-million tons and 13-million tons, Wescoal CEO Andre Bojé told Mining Weekly Online on Wednesday. Bojé said that the deals could result in the company first... 

Weekly podcast – June 9, 2010 

By: Eleanor Seggie     9th June 2010 A Chinese-backed consortium submits a formal $51,5-million bid for the financially stricken Orkney and Grootvlei gold mines; Metorex completes a plant shutdown at its Ruashi copper mine in the Democratic Republic of Congo; and Exxaro plans to develop clean energy power projects with a total... 

High grades at Big Daddy project could cut processing requirements 

By: Liezel Hill     4th June 2010 High grades at the Big Daddy chrome project, in Ontario's Ring of Fire district, may mean un- or partly-refined material could be economically shipped directly from a future mine to customers. 

Power plays in the Ring of Fire 

4th June 2010 The battle for control of chromite deposits in Canada's Ring of Fire mineral district is heating up. 

Weekly podcast – June 2, 2010 

By: Brindaveni Naidoo     2nd June 2010 Demand for rough diamonds, particularly from China and India, remains strong; AngloGold Ashanti's Tropicana gold project in Australia should proceed despite concerns about a proposed new mining tax; and Eskom's discussions with Anglo American regarding a price agreement for the Skorpion zinc mine... 

Diamond demand 'fully back' – Trans Hex 

By: Martin Creamer     31st May 2010 Diamond pricing was close to pre-crash levels with demand fully back, Trans Hex CEO Llewellyn Delport told Mining Weekly Online on Monday. "For us, demand is now fully back and buoyant. We anticipate both demand and pricing to maintain going forward," Delport said, adding that that prices were... 

Andean American targets H2 2011 start-up at Peru mine 

By: Liezel Hill     28th May 2010 Vancouver-based Andean American Mining hopes to draw down on a project debt facility in the third quarter for the construction of its Invicta gold/silver/copper/lead/zinc mine in Peru, with the first production targeted for the second half of 2011. The company expects to achieve two key... 

Kebble's cleansed Randgold & Exploration heads back to JSE 

By: Martin Creamer     28th May 2010 The "sanitised" Randgold & Exploration (R&E) mining company of the late Brett Kebble is heading back to the JSE after shareholders on Friday voted overwhelmingly in favour of a settlement that unlocks a value of R1,4-billion. The R&E share, which has not been allowed to trade since August 2005,... 

Centerra scouting for next project to build 

By: Liezel Hill     28th May 2010 Toronto-based Centerra Gold is actively looking for potential acquisitions, and would like to acquire a development project to increase production beyond the existing expansion plans at the company's two mines, CEO Stephen Lang said on Thursday. Centerra, which produces gold from the Kumtor mine... 

Materials handling industry drowns in aftermath of recession 

By: Tracy Hancock     28th May 2010 As the South African economy starts to stabilise after the crippling worldwide recession, the materials handling industry has emerged with few job opportunities, reports South African Institute of Materials Handling (SAIMH) chairperson Phil Staples. “At present, it is a tough industry to be in.... 

Detour Gold feasibility study 

By: Creamer Media Reporter      27th May 2010 Detour Gold has published a feasibility study for its Detour Lake project, which boasts the biggest undeveloped gold reserve in Canada. 

Gold Fields turns methane into R200m revenue stream  

By: Martin Creamer     26th May 2010 JSE-listed gold major Gold Fields has turned its methane curse at Beatrix gold mine into a R200-million carbon-trading and electricity-generation blessing. The same methane that has killed miners will now initially be flared and later harnessed to produce 5 MW of electricity that represents 5%... 

Weekly podcast – May 26, 2010 

By: Sheila Barradas     26th May 2010 The global mining industry has essentially returned back to the boom; Metorex will shut down a plant at the Ruashi copper mine in the DRC to fix a technical fault; and Simmer & Jack Mines resumes drilling and blasting operations at all six Buffelsfontein shafts. 

Global mining industry ‘back to boom’ – PwC  

By: Loni Prinsloo     25th May 2010 With commodity prices and mining revenues returning to record-2007 levels, the global mining industry has essentially returned "back to the boom", a PricewaterhouseCoopers (PwC) executive said on Tuesday, highlighting that growth was largely driven by demand from the Asian powerhouse, China.... 

Resurgent Peter Skeat heads for Aug 11 Galaxy Gold listing on JSE 

By: Martin Creamer     25th May 2010 Mining veteran Peter Skeat's new gold-mining and exploration company Galaxy Gold is heading for a reverse listing on the main board of the JSE on August 11. The new company is taking up where old-timers left off in Barberton's greenstone belt, except this time helped by a technology that removes... 

‘De-hassling’ the minerals operation on 15 sites 

By: Martin Creamer     21st May 2010 The 1 500-empoyee Minopex, which last year turned over R1,2-billion, is a company that specialises in the outsourced operation and maintenance of mineral processing plants.  

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