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Leon 'cautiously optimistic' as SA mulls future for mining 

By: Liezel Hill     10th March 2010 Webber Wentzel mining partner Peter Leon, a regular critic of South Africa's mining regulations and officials, was uncharacteristically upbeat on Tuesday, in an interview in Toronto. Leon is participating in deliberations by new Mineral Resources Minister Susan Shabangu's mining sector... 

DRC could rank with Ghana, Tanzania in 10 years – Banro chair 

By: Liezel Hill     9th March 2010 Investors will become increasingly comfortable with mining in the Democratic Republic of Congo, which has the potential to become the largest gold producer in Africa, Banro Corp chairperson Simon Village said on Tuesday. “I believe the DRC, when we sit down here in ten years time,will be as... 

Colombian mining investment may top $3bn this year – Minister 

By: Liezel Hill     9th March 2010 Investment in Colombia's mining sector is forecast at around $3-billion this year, and could be higher, Minister of Mining Hernan Martinez Torres said on Tuesday. Speaking to reporters on the sidelines of the Prospectors and Developers, he did not have figures for 2009, but said that there... 

Daily podcast – March 9, 2010 

By: Shannon de Ryhove     9th March 2010 Sasol allocates R3,1-billion for the new export coal mine to replace the depleting Twisdraai operation; and Zimbabwe prepares an amended mining law to be presented to Cabinet for approval before it is debated in Parliament. 

Liberty Mines expects sharp production ramp-up at Ontario nickel mine 

By: Liezel Hill     9th March 2010 TSX-listed Liberty Mines, which is 51% owned by China's Jilin Jien Nickel Industry, expects to see a sharp increase in output at its McWatters nickel mine, in Ontario, CEO Gary Nash said on Monday. Has a second mine, Redstone, and it plans to start construction on a third project in the middle... 

Canadian miners ramp up PR campaign against controversial bill  

By: Liezel Hill     9th March 2010 'Anti-C-300' pamphlets, buttons and large signs are everywhere at this year's the Prospectors and Developers Association of Canada's (PDAC's) annual convention, as Canadian mining industry groups turn the heat up in efforts to block the controversial legislation. Bill C-300, if approved, would... 

Rob McEwen sticks with $2 000/oz gold by year-end  

By: Liezel Hill     9th March 2010 Goldcorp founder Rob McEwen is standing by his forecast that the price of gold will reach $2 000/oz by the end of 2010, he said on Monday. While it may still seem a stretch from current levels of around $1 135/oz, it should be noted that McEwen has been calling for $2 000/oz gold in 2010 since... 

Sasol wants to explore for shale gas in the Karoo 

By: Martin Creamer     8th March 2010 Gas-to-liquids (GTL) producer Sasol has applied to explore for shale gas in the Karoo, together with Chesapeake Energy and Statoil ASA. The application is for an onshore right to search for the natural shale-based gas, which has already caused Sasol's GTL price to soar. In converting gas into... 

Sasol allocates R3,1bn for new export coal mine  

By: Martin Creamer     8th March 2010 Coal miner Sasol has allocated R3,1-billion for the new export coal mine to replace the depleting Twisdraai operation. The Thubelisha export coal mine, already under construction, will also supply Sasol's synfuels factory in Secunda, in Mpumalanga province. Sasol Mining's output in the six... 

Daily podcast – March 8, 2010 

By: Shannon de Ryhove     8th March 2010 BHP Billiton reaches sales terms for a significant portion of its hard coking coal volumes for 2010; and Aurizon Mines still plans to complete a feasibility study on its Joanna project in Quebec, by the end of this year. 

Aurizon could pour first gold from Joanna project mid-2012 

By: Liezel Hill     8th March 2010 Vancouver-based Aurizon Mines still plans to complete a feasibility study on its Joanna project in Quebec by the end of this year, which could set it up to pour the first gold at the mine around mid-2012, CEO David Hall said on Sunday. Aurizon owns and operates the Casa Berardi mine, also in... 

JSE wants more miners, but access to capital an issue 

By: Liezel Hill     6th March 2010 The fact that there are just 69 mining companies listed on the JSE, compared with thousands on the TSX and TSX Venture Exchange is "a bit embarrassing”, JSE business development and marketing director Noah Greenhill commented in Toronto on Saturday. The JSE would like to see more mining and... 

Nationalisation a non-starter, SA Minister assures in Toronto  

By: Liezel Hill     6th March 2010 South Africa will not adopt a policy of nationalisation of mines, the country's Mineral Resources Minister Susan Shabangu asserted in Toronto on Saturday. There is also no intention to introduce “stringent measures” as part of the review of the industry Mining Charter, which was created five... 

Equinox to seek finance for uranium plant, mulls M&A 

By: Liezel Hill     5th March 2010 Equinox Minerals, which owns the Lumwana copper mine in Zambia, plans to seek funding and offtake deals for its uranium project and will also consider acquiring a second copper project or mine, CEO Craig Williams said on Friday. Uranium ore is being stockpiled as it is mined at Lumwana, and the... 

Daily podcast – March 5, 2010 

By: Tracy Hancock     5th March 2010 African Eagle is in talks with mostly Asian and European metals buyers to raise funds for its nickel project in Tanzania; and Galaxy Resources starts mining at its Mount Cattlin lithium project. 

Daily podcast – March 4, 2010 

By: Shannon de Ryhove     4th March 2010 South Africa's largest steel producer ArcelorMittal South Africa announced on Wednesday that a dispute resolution process had been initiated in an attempt to resolve a matter between it and Kumba Iron Ore. The matter relates to a cost plus 3% supply deal, which the iron-ore miner cancelled as... 

Daily podcast – March 3, 2010 

By: Shannon de Ryhove     3rd March 2010 Gold Fields aims to produce some 60% of its gold from mines outside SA; and Smokey Hills mine comes to an almost complete stop as mine contractor staff go on unprotected industrial action. 

R462m cash mining profit signals Metorex's growing strength – CEO 

By: Martin Creamer     2nd March 2010 The R462-million cash mining profit of the JSE-listed Metorex indicates the growing strength of the formerly troubled diversified mining company. "We've got through most of the woods," Metorex CEO Terence Goodlace told Mining Weekly Online in a video interview on Tuesday – a year to the day... 

Highveld mulls sale of Mapochs iron-ore to third parties 

By: Terence Creamer     2nd March 2010 Vertically-integrated steel and vanadium producer Highveld was considering developing its Mapochs iron-ore mine into an "independent mining play", potentially releasing it to sell production to customers other than its Mpumalanga-based steel plant and Vanchem. Evraz international operations head... 

Daily podcast – March 2, 2010 

By: Shannon de Ryhove     2nd March 2010 Alliance Resources reports that first production from the Four Mile uranium project, in South Australia, is still possible in 2010; and Sentula receives approval for the sale of the company's stake in the Koornfontein mine to Optimum Coal. 

Daily podcast – March 1, 2010 

By: Shannon de Ryhove     1st March 2010 Avocet Mining exports the first gold shipment from its Inata mine to the Rand Refinery for refining; and Hillgrove Resources aims to complete construction at its flagship Kanmantoo copper/gold project early next year. 

Daily podcast – February 26, 2010 

By: Megan van Wyngaardt     26th February 2010 Continental Coal will start coal sales from its Vlakvarkfontein mine in the second quarter of this year; and Cameco Corp plans to start production at its large Cigar Lake project by mid-2013. 

Creative company incorporates venomous snakes in mine safety campaigns   

By: Loni Prinsloo     26th February 2010 Creative communications company Unplugged has developed a safety campaign for mining companies using venomous snakes as a metaphor for safety hazards in the workplace. Unplugged creative director Rick Melvill tells Mining Weekly that the company has been working in the industry for years, and... 

Coal-miner Exxaro to form clean-energy company 

By: Martin Creamer     25th February 2010 JSE-listed coal-mining company Exxaro intends forming a clean-energy company in which it will raise funding for clean-energy projects with strategic partners, Exxaro Executive GM business growth Ernst Venter said on Thursday. Venter said in reply to Deutsche Bank mining analyst Tim Clark that... 

Daily podcast – February 25, 2010 

By: Shannon de Ryhove     25th February 2010 De Beers Consolidated Mines MD David Noko steps down; and A1 Minerals will pour its first gold pour next week. 

Daily podcast – February 24, 2010 

By: Shannon de Ryhove     24th February 2010 South Africa's Ddepartment of Mineral Resources completes an audit of the State's mining assets; and Goldplat expects to see increased revenues at its Ghanaian gold recovery business in future.  

Northam Platinum likely to go to market for R3bn Booysendal – CEO  

By: Martin Creamer     23rd February 2010 JSE-listed platinum miner Northam was likely to go to the market to finance the proposed R3-billion 1 200-employee Booysendal platinum mine in Mpumalanga province, its CEO Glyn Lewis said on Tuesday. Lewis said in reply to mining analyst Nic Dinham that the timing of the expected equity raising... 

Daily podcast – February 23, 2010 

By: Shannon de Ryhove     23rd February 2010 Northam Platinum approves R340-milllion capital expenditure at the Booysendal platinum project; and International Gold Exploration will merge its diamond operations with Pangea DiamondFields. 

Shareholder threatens to quit ARM over Motsepe's nationalisation prevarication  

By: Martin Creamer     22nd February 2010 A shareholder on Monday publicly threatened to divest from diversified miner African Rainbow Minerals (ARM) after its executive chairperson Patrice Motsepe prevaricated on the issue of the nationalisation of South African mines and indigenisation in Zimbabwe, where ARM may invest. After Motsepe... 

Daily podcast – February 22, 2010 

By: Shannon de Ryhove     22nd February 2010 Gemfields discovers a 6 225 ct rough emerald at its Kagem mine; and MagIndustries receives final approval from the Republic of Congo for its Mengo potash project. 

TGME gold to go on care-and-maintenance – Simmer & Jack 

By: Martin Creamer     19th February 2010 JSE-listed gold-mining company Simmer & Jack (Simmers) intended placing its already downsized Transvaal Gold Mining Estate (TGME) in Mpumalanga province on care-and-maintenance in order to focus more intensely on its better-performing gold mines in North West, new Simmer & Jack CEO Deon van der... 

Daily podcast – February 19, 2010 

By: Mary-Anne O’Donnell     19th February 2010 Anglo American report a group operating profit of $5-billion; and Implats withholds further expansionary investment in Zimbabwe until the Zimbabwe government resolves outstanding issues. 

Strongly producing Kumba lifting 2010 iron-ore capex 

By: Martin Creamer     18th February 2010 Strongly producing South African iron-ore miner Kumba will be increasing its capital expenditure in 2010, to between R4,5-billion and R5-billion. When some of its more cautious competitors were cutting back, Kumba singled itself out by determinedly keeping its foot firmly on the production and... 

South Africa may get $1,2bn integrated metals plant 

By: Loni Prinsloo     18th February 2010 Investor consortium Rare Metals Industries (RMI) on Thursday announced the launch of a project aimed at constructing a titanium and other metals beneficiation complex in South Africa, which would cost between $1,2-billion and $1,5-billion. The shareholders and partners in the project; the... 

Implats withholding Zimbabwe project till govt ‘issues' resolved 

By: Martin Creamer     18th February 2010 Platinum major Implats is withholding further expansionary investment in Zimbabwe until the Zimbabwe government resolves "outstanding issues" and clarifies its latest indigenisation statements. Among those "outstanding issues" is the Reserve Bank of Zimbabwe's holding without acknowledgement of... 

Daily podcast – February 18, 2010 

By: Shannon de Ryhove     18th February 2010 Kinross Gold agrees to sell half of its 50% stake in the Cerro Casale project; and the Essakane gold project moves towards commercial production in August. 

Massive operational makeover under way at AngloGold  

By: Martin Creamer     17th February 2010 A massive operational makeover is under way at AngloGold Ashanti's underperforming South African mines. AngloGold Ashanti CEO Mark Cutifani said on Wednesday that the company was virtually "changing the way we do every basic activity in the business". 

Daily podcast – February 17, 2010 

By: Shannon de Ryhove     17th February 2010 Australia's resource industry is urging the government to rule out a new tax on big miners; and President Jacob Zuma reiterates that nationalisation of South Africa's mines isn't government policy. 

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