R/€ = 18.8644 Change: 0.1410
R/$ = 17.3153 Change: 0.1157
Au 1923.46 $/oz Change: -5.53
Pt $/oz Change:

Latest Videos

Daily podcast – April 16, 2010 

By: Eleanor Seggie     16th April 2010 De Beers receives more than 400 enquiries regarding the sale of its Jagersfontein property; and the South African Competition Commission has approved JSE-listed DRDGold's acquisition of ASX-listed Mintails' 50% interest in Ergo Mining. 

Anooraq posts a profit, thanks 
to cost-cutting measures 

By: Jonathan Faurie     16th April 2010 Significant cost cutting initiatives by platinum junior Anooraq Resources has enabled the company to move into positive cash flow territory after successive quarters of running at a cash loss. 

C-300 MP makes his case to a room full of miners 

By: Liezel Hill     15th April 2010 It was a case of Daniel entering the lion's den in downtown Toronto on Thursday, as Canadian Liberal MP John McKay, who tabled the contentious Bill C-300, stood up to address a lunch gathering of the Canadian Institute of Mining, Metallurgy and Petroleum. Canada's mining companies and their... 

Khan Resources runs into trouble 

15th April 2010 Khan Resources, a Canadian junior with uranium assets in Mongolia is heading to court, after the government there said its mining and exploration licenses have been invalidated. 

Daily podcast – April 15, 2010 

By: Shannon de Ryhove     15th April 2010 Sylvania Resources receives approval for the establishment of a new platinum-group metals tailings facility at its Lannex mine; and Oz Minerals lifts its shipments of copper ore to BHP Billiton's Olympic Dam mine to more than 10% of its total output. 

Wescoal targets R1bn market cap as it moves to JSE main board 

By: Chanel de Bruyn     15th April 2010 Now that junior miner Wescoal has moved its listing from the AltX to the main board of the JSE, it has set itself a target to grow its market capitalisation to R1-billion. Speaking at the transfer of its listing to the main board on Thursday, Wescoal CEO André Boje said that the company, which... 

GFMS forecasts 2% gain in 2010 gold mine output 

By: Liezel Hill     14th April 2010 Gold mine production is expected to rise 2% this year, compared with a 7% rise in 2009, consultancy GFMS predicted in a report published on Wednesday. GFMS calculated that global mine production of gold rose by 163 t last year, to 2 572 t, after three consecutive years of declines.  

Short-term gold dip likely, $1 300/oz breach 'possible' this year – GFMS 

By: Liezel Hill     14th April 2010 The price of gold could top $1 300/oz later this year, but there is a risk in the short term of a minor correction, to around $1 050/oz, GFMS research director Neil Meader said in Toronto on Wednesday. Presenting the findings of the consultancy's closely watched and respected annual Gold Report,... 

Daily podcast – April 14, 2010 

By: Shannon de Ryhove     14th April 2010 Riversdale Mining officially opens its Benga coal project, in Mozambique; and the High Court of South Africa lifts a provisional judicial management order on South African miner DRDGold's Blyvooruitzicht subsidiary. 

Daily podcast – April 13, 2010 

By: Shannon de Ryhove     13th April 2010 The liquidators of Pamodzi Gold have initiated a tender process for the disposal of all shares and claims in Pamodzi Gold West Rand operations; and a request for a proposal for the building of a $600-million, 300-MW power plant using discard Anglo coal may be invited this year or early next year. 

Daily podcast – April 12, 2010 

By: Shannon de Ryhove     12th April 2010 Western Australian Mines and Petroleum Minister Norman Moore meet with BHP Billiton over the "continuing" safety problems at the Leinster operations; and US President Barack Obama demands accountability after four missing West Virginia coal miners were found dead. 

Daily podcast – April 9, 2010 

By: Brindaveni Naidoo     9th April 2010 Rio Tinto negotiates quarterly pricing contracts with its iron-ore customers; and Aurora Empowerment Systems assures striking workers at the Grootvlei mine that they will be paid the balance of their February salaries on Friday. 

Worst US mine accident since 1984 

8th April 2010 This week, the US suffered its worst mine accident in 26 years, after an explosion claimed at least 25 lives at a West Virginia coal mine. 

Daily podcast – April 8, 2010 

By: Shannon de Ryhove     8th April 2010 While China is right to continue supporting the annual iron-ore benchmark mechanism, it needs to allow smaller industry players to participate; and Aurora Empowerment Systems will sign a memorandum of understanding with the unions. 

Daily podcast – April 7, 2010 

By: Shannon de Ryhove     7th April 2010 South Africa has the opportunity to become the centre of mining finance; and South Africa's National Union of Mineworkers and Gold One resume talks at the CCMA. 

Daily podcast – April 6, 2010 

By: Shannon de Ryhove     6th April 2010 Gold One is losing about 50% of its normal daily output at its Modder East mine owing to a strike; and the Australian Competition and Consumer Commission again delays publishing its findings on the proposed iron-ore joint venture between mining giants BHP Billiton and Rio Tinto. 

M&A activity in Canada gains steam 

1st April 2010 Canadian mining mergers and acquisitions gain pace 

Daily podcast – April 1, 2010 

By: Tamsyn Graumann     1st April 2010 Caledonia Mining's Blanket gold operation will reach its targeted yearly output level of 40 000 oz/y before year-end; and BHP Billiton restarts the Groote Eylandt manganese mine, in the Northern Territory. 

Daily podcast – March 31, 2010 

By: Shannon de Ryhove     31st March 2010 ArcelorMittal South Africa begins the dispute resolution process with Kumba Iron Ore; and Lonmin Platinum has again been forced to shut down its number-one furnace. 

Agnico wants to be top yielding gold stock in N America  

By: Liezel Hill     31st March 2010 Agnico-Eagle Mines plans to return more of its growing cash flow to shareholders, and has set a target of becoming the top yielding stock in the North American gold space, CFO David Garofalo said on Tuesday. He also reiterated that the company is not planning any major acquisitions, but will... 

Kumba iron-ore dispute resolution process has begun – ArcelorMittal 

By: Martin Creamer     30th March 2010 The dispute resolution process with Kumba Iron Ore (KIO) had begun, ArcelorMittal South Africa (AMSA) CEO Nonkululeko Nyembezi-Heita said on Tuesday. As Nyembezi-Heita was telling a media conference that it could be taken as read that AMSA would be entering an arbitration battle with KIO, the... 

Daily podcast – March 30, 2010 

By: Shannon de Ryhove     30th March 2010 The world's iron-ore majors appear to be winning the battle towards greater iron-ore pricing transparency; and Platmin will sell a $100-million convertible debenture to a subsidiary of Singapore-based Temasek Holdings. 

BHP Billiton iron-ore pricing breakthrough, Vale reportedly ‘close' to quarterly deal  

By: Martin Creamer     30th March 2010 The world's iron-ore majors appear to be winning the battle for greater iron-ore pricing transparency. BHP Billiton CEO Marius Kloppers, who has been a vocal campaigner for shorter-term iron-ore pricing, has had a breakthrough in iron-ore sales pricing into Asia, hot on the heels of reports that... 

Canadian diamond bourse draws Chinese interest 

By: Liezel Hill     29th March 2010 The new Diamond Bourse of Canada (DBC), which began operations in earnest this month, is seeing interest already from fast-growing diamond market China. Trading of diamonds between DBC members is now taking place, and an initial tender of polished stones from the new cutting and polishing... 

R8bn Optimum Coal BEE lists, targets stressed assets, ramps up output  

By: Martin Creamer     29th March 2010 New black-owned and controlled coal mining and exploration group Optimum Coal listed in the general mining sector on the JSE's main board on Monday, opening with its first trade at R31,85 a share, slightly below the R32 a share placement price. Optimum has 248,5 million ordinary shares in issue... 

Shabangu moves to avoid repeat of iron-ore right controversy  

By: Martin Creamer     29th March 2010 South Africa's Mineral Resources Minister Susan Shabangu has moved quickly to avoid a repeat of the Sishen iron-ore right controversy. The Minister told Mining Weekly Online on the sidelines of Monday's Optimum Coal listing on the main board of the JSE that a new step in mineral rights issuing... 

Daily podcast – March 29, 2010 

By: Shannon de Ryhove     29th March 2010 Anglo American and Shell International apply to explore for shale gas in South Africa's arid Karoo; and BHP Billiton halts production at its Groote Eylandt manganese mine owing to a tropical cyclone threat. 

Daily podcast – March 26, 2010 

By: Sheila Barradas     26th March 2010 Metorex enters into a new copper hedge deal that is significantly less onerous than the one from which it will be extricated by the end of June; and Gold One plans to resume talks with South Africa's National Union of Mines. 

Daily podcast – March 25, 2010 

By: Shannon de Ryhove     25th March 2010 The Australian Competition & Consumer Commission raises concerns about the proposed iron-ore JV between Rio and BHP; and the trial of four Rio Tinto executives hasn't set back Australia's huge resource trade with China. 

Inward, outward mining M&A transacting under way – Ernst & Young 

By: Martin Creamer     24th March 2010 Both inward and outward merger and acquisition (M&A) transacting involving both local and foreign mining companies is currently under way in South Africa, Ernst & Young mining and metals leader Adrian Macartney informs Mining Weekly Online. Macartney, who also heads Ernst & Young's Africa... 

Daily podcast – March 24, 2010 

By: Shannon de Ryhove     24th March 2010 The trial of four Rio Tinto executives in Shanghai ends; BHP Billiton declares a force majeure at its Hay Point coal terminal. 

Daily podcast – March 23, 2010 

By: Shannon de Ryhove     23rd March 2010 EU antitrust regulators to look into whether world number one iron ore supplier Vale is abusing its dominant position; and First Uranium expects to start construction of a key mine-waste storage facility, in South Africa, by November. 

Daily podcast – March 19, 2010 

By: Schalk Burger     19th March 2010 The iron-ore mineral right that ArcelorMittal South Africa "lost" at the Sishen iron-ore mine has been awarded to Imperial Crown Trading 289; and De Beers will seek expressions of interest from potential buyers for its Jagersfontein property in South Africa. 

Daily podcast – March 18, 2010 

By: Shannon de Ryhove     18th March 2010 Australia urges China to allow its diplomats full access to the trial of four Rio Tinto staff; and DRDGold wants the Blyvoor judicial management order lifted. 

Daily podcast – March 17, 2010 

By: Shannon de Ryhove     17th March 2010 1 000 National Union of Mineworkers members could strike at Gold One's Modder East operation; and BHP Billiton keeps its Hay Point coal terminal closed. 

Alamos could see first Turkey production early 2013, eyes more deals 

By: Liezel Hill     17th March 2010 Fast-growing Alamos Gold could start gold production from newly-acquired assets in Turkey by early 2013, CEO John McCluskey said on Tuesday. The company is also looking for further gold acquisitions, and will consider both development-stage and producing assets, as well as potential mergers with... 

Daily podcast – March 16, 2010 

By: Shannon de Ryhove     16th March 2010 Navigator Resources will pour its first gold from the Bronzewing mine next month; and Platmin is increasing its platinum group metals output to expectation. 

London Mining expects iron-ore prices to remain strong 

By: Chanel de Bruyn     15th March 2010 The iron-ore market would continue to be a “very good” market to be in over the short to medium-term, as prices would remain “extremely strong”, London Mining CEO Graeme Hossie said on Monday. He told Mining Weekly Online in a telephonic interview that this boded well for London Mining, which... 

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