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CIM conference 2010 

20th May 2010 Earlier this month, Vancouver hosted the annual conference and exhibition of the Canadian Institute of Mining, Metallurgy and Petroleum. 

Iamgold eyes 'significant' upside at Essakane 

By: Liezel Hill     20th May 2010 Canadian gold producer Iamgold believes there is a lot of potential to grow the reserves at its new Essakane project, in Burkina Faso, interim CEO Peter Jones said on Wednesday. Iamgold said a couple of weeks ago that it plans to begin production next month at Essakane, which is between four and... 

Goldcorp to look at dividend hike later this year - CEO 

By: Liezel Hill     19th May 2010 Canada's second-biggest gold-miner, Goldcorp, will start considering within months whether to increase its shareholder dividend, CEO Chuck Jeannes said on Wednesday. "That discussion will take place this year," he told journalists after the company's annual general meeting in Toronto.  

Weekly podcast – May 19, 2010 

By: Petronel Smit     19th May 2010 BHP Billiton to meet with Australian consultation committee to discuss the proposed super profits tax; South African mining industry needs to evolve from a brown industry to a contributor to a green economy; and the DRC's political risk insurance premiums have risen 40% since a dispute over... 

Still 'early days' for gold investment demand, Murenbeeld says 

By: Liezel Hill     14th May 2010 The growth in investment demand for gold is still in its “early days”, and the price of the precious metal is not in a bubble, Dundee Wealth economist Martin Murenbeeld told delegates at the Canadian Institute of Mining, Metallurgy and Petroleum conference in Vancouver this week. Like other... 

Cost to build base metals mines heads 'through the roof' 

By: Liezel Hill     14th May 2010 It is becoming increasingly expensive to bring new base metals operations on line, which means prices will need to be strong to justify new mines, TD Newcrest analyst Greg Barnes said in Vancouver this week. The average capital intensity for new copper mines has more or less doubled, from... 

Health and safety secrets shared in the industry 

By: Eleanor Seggie     14th May 2010 A health and safety project from private sector employer organisation the Chamber of Mines (CoM), called the ‘MOSH (Mining Industry Occupational Health and Safety) Learning Hub’, encourages top health and safety performers in the South African industry to share their leading practices with other... 

Weekly podcast – May 12, 2010 

By: Megan van Wyngaardt     12th May 2010 Australia is willing to negotiate on the details of its super profits tax on mining firms; Uranium One sells its Dominion project in South Africa; and Guinea is hoping for a second major international investment in its mining sector. 

Don't just accept role of 'villain', miners told 

By: Liezel Hill     11th May 2010 The annual convention of the Canadian Institute of Mining and Metallurgy kicked off on Monday morning with a discussion on the vital issue of community relations, but not before a resounding pep talk from moderator and Canadian journalist and commentator Rex Murphy. From references to mining in... 

Uranium One closes the door on Dominion 

By: Liezel Hill     11th May 2010 Uranium One has finally sold its Dominion project in South Africa, the company announced on Monday, bringing an end to what CEO Jean Nortier called a “sad chapter” for the miner. “But we had to close that chapter, we certainly weren't going to try and bring Dominion back into production,” he... 

Nortier mum on Paladin stake, still looking for acquisitions 

By: Liezel Hill     11th May 2010 Uranium One has acquired shares in rival Paladin Energy “as an investment”, was all CEO Jean Nortier would say on Monday. Uranium One said late last month that it had bought a stake in Paladin, which operates uranium mines in Malawi and Namibia, and confirmed on Monday that it has since... 

Harmony Gold mulling listing to fund Evander's 'huge' potential  

By: Martin Creamer     10th May 2010 JSE-listed Harmony Gold is considering a separate listing in order to fund the development of the company's Evander gold assets, Harmony Gold CEO Graham Briggs tells Mining Weekly Online. Briggs says that Evander, in Mpumalanga province, has "huge" potential Harmony has already placed Evander's... 

S African gold miners to have ‘day in the sun again' – Gold Fields 

By: Martin Creamer     7th May 2010 South African gold mining companies, which currently trade at a discount to their foreign peers, will have their "day in the sun again", Gold Fields CEO Nick Holland predicts. Holland says that the investment community should be looking at South African gold companies more favourably in view of... 

Australia tax a boost for S Africa, Canada, Brazil – AngloGold  

By: Martin Creamer     7th May 2010 Australia's new mining tax is encouraging for mining investment in South Africa, Canada and Brazil which are major competitors to Australia in the mining field, says AngloGold Ashanti CEO Mark Cutifani. Cutifani says that AngloGold Ashanti has had another steady 114 000 oz quarter at its Sunrise... 

Denison touts Athabasca uranium find 

By: Liezel Hill     7th May 2010 The Phoenix uranium deposit, on the Wheeler River property in Canada's Athabasca Basin, could be “one of the most promising discoveries” in two decades in the uranium rich district, Denison Mines CEO Ron Hochstein suggested on Thursday. Denison owns 60% of the Wheeler River joint-venture (JV),... 

Asian demand kept platinum industry afloat in 2009 

By: Jonathan Faurie     7th May 2010 In year that has taken its toll on the platinum market, significant jewellery demand from China and Japan has kept the platinum industry afloat amid significant fears of a market crash. 

Johnny Clegg goes underground at Tau Tona gold mine 

6th May 2010 Beginning at the site of world’s greatest cataclysm, which created the natural landscape and geology of the Reef, Johnny Clegg follows that elusive thread of gold, and the manmade landscape it has created in its wake, to discover the diverse ways in which artists have imagined and responded to it. 

Cameco's outlook for uranium 

By: Creamer Media Reporter      6th May 2010 Nuclear fuel producer Cameco says long-term uranium contracting has been weak so far this year, but all eyes are on key markets China and India. 

Kinross CEO plays his cards close on plans for Red Back shares 

By: Liezel Hill     5th May 2010 Tye Burt, the CEO of Toronto-based gold-miner Kinross, was not giving anything away on Wednesday about his plans for a 9,4% stake in West Africa-focused Red Back Mining, announced late the previous day. “It's too early to say. We can't give a direction on the future, but what we've got is a seat... 

Weekly podcast – May 5, 2010 

By: Loni Prinsloo     5th May 2010 Australian Prime Minister Kevin Rudd meets with Perth-based miners to discuss the implications of the proposed super profit tax on mining companies; South African iron-ore miner Kumba Iron Ore moves its ongoing dispute with ArcelorMittal South Africa into one that could also affect supply; and... 

Daily podcast – April 30, 2010 

By: Tracy Hancock     30th April 2010 Aurora Empowerment Systems signs a R750-million equity capital agreement with Swiss funder Global Emerging Markets; and the North West Iron Ore Alliance welcomes an Australian Competition and Consumer Commission ruling. 

Troubled Aurora inks R750m equity deal with Swiss funder – Michael Hulley  

By: Martin Creamer     29th April 2010 Financially troubled gold-mining aspirant Aurora Empowerment Systems has signed a R750-million equity capital agreement with Swiss funder Global Emerging Markets (Gem), Aurora director Michael Hulley said on Thursday. Hulley told a media conference in Johannesburg that the agreement involved Gem... 

Daily podcast – April 29, 2010 

By: Shannon de Ryhove     29th April 2010 Solidarity says that mine deaths in the country have been showing a downward curve; and mining companies have rejected a new law in Tanzania that raises royalties on minerals and prohibits foreign companies from gemstone mining. 

Barrick puts costs in reverse with big new projects marching on 

By: Liezel Hill     29th April 2010 It was smiles all around on Wednesday, as Barrick Gold – newly freed from its gold hedges and boasting higher production and lower cost numbers – published first quarter results and hosted its annual shareholder meeting in downtown Toronto. The world's biggest gold miner posted record earnings... 

Gold investment demand has 'barely scratched the surface'  

By: Liezel Hill     29th April 2010 Growing investment demand for gold, combined with declining mine production levels in the longer term, will continue to support strong prices for the “foreseeable future”, Barrick Gold CEO Aaron Regent asserted on Wednesday. Although demand for the metal has strengthened significantly, the gold... 

Inmet could retain 60% of Panama copper project 

By: Liezel Hill     28th April 2010 Toronto-based Inmet could reduce its holding in the large Cobre Panama copper project to around 50% to 60%, CEO Jochen Tilk told Mining Weekly Online on Tuesday. Inmet has already sold an option to buy 20% of the project to Korea-owned LS-Nikko, and announced the results of a positive front-end... 

Inmet earnings up 56% y-on-y

By: Liezel Hill     27th April 2010 Toronto-based Inmet Mining increased profit 56% in the first quarter, as the company benefited from higher copper and zinc prices, it said on Tuesday. Net income rose to C$79,87-million, from C$51,33-million a year earlier. 

Daily podcast – April 26, 2010 

By: Shannon de Ryhove     26th April 2010 Randgold's Tongon mine, in the north of Ivory Coast, will start production in October; and the Western Australian state government enforces its commitment to improving mine safety. 

New aspirant South African investors seeking physical gold, uranium – DRDGold 

By: Martin Creamer     23rd April 2010 There was a growing body of new aspirant investors in old South African mines that were keen on securing direct access to physical gold and uranium irrespective of the cost of difficult deep-level mining in the current rand-constrained economic circumstances, DRDGold CEO Niël Pretorius said on... 

South African gold mine distress ahead unless rand gold price rises – DRDGold 

By: Martin Creamer     23rd April 2010 Many South African gold mines would find themselves in distress unless the rand gold price increased significantly, DRDGold CEO Niël Pretorius said on Friday. Pretorius, who reported an 11% increase in cash operating profit in the March quarter to R96,9-million mainly from surface operations,... 

Daily podcast – April 23, 2010 

By: Jacqueline Holman     23rd April 2010 Mineral Resources Minister Susan Shabangu instructs the South African mining industry's special task team to pull the country back from the global mining brink; and The Department of Mineral Resources approves and grants the conversion of Pan African Resources' old-order mining rights for the... 

Investment demand far outstripped gold jewellery demand in 2009 

By: Jonathan Faurie     23rd April 2010 For the first time since 1980, the investment demand for gold far outstripped the demand for gold jewellery, culminating in a bull run in gold stock investments. 

Firm poised for growth with new DRC office 

By: Henry Lazenby     23rd April 2010 With a newly launched office in the second-largest city of the Democratic Republic of Congo (DRC), earth and water resource specialists SRK Consulting has taken a bold step to reinforce the company’s presence in Africa. 

Quebec tops again for miners 

By: Creamer Media Reporter      22nd April 2010 Quebec has been selected as the top destination in the world for mining and exploration for the third consecutive year, according a closely watched industry survey. 

Daily podcast – April 22, 2010 

By: Shannon de Ryhove     22nd April 2010 BHP Billiton declines to comment on reports that an anti-corruption probe it is facing from the US Securities and Exchange Commission involves a former bauxite exploration project in Cambodia; and West Australian mining representative bodies have welcomed Premier Colin Barnett's decision to... 

Specialised Exhibitions 

By: Creamer Media Reporter      22nd April 2010 As a member of the prestigious Montgomery Group, Specialised Exhibitions is a trusted name and is recognised locally and internationally as an organiser of innovative, inspiring and highly effective exhibitions. 

Daily podcast – April 21, 2010 

By: Shannon de Ryhove     21st April 2010 BHP Billiton uncovers possible violations of anti-corruption laws inside the company; and Eskom reaches an in principle deal with BHP Billiton that will release it from a long-term tariff agreement.  

Gold Fields CEO open to asset consolidation with AngloGold 

By: Martin Creamer     20th April 2010 Gold Fields CEO Nick Holland says that he is open to discussion on gold asset consolidation with AngloGold Ashanti in order to accelerate the mining of reserves and to help stabilise the local industry's ongoing value erosion. Holland, who spoke to Mining Weekly Online on the sidelines of Gold... 

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