R/€ = 18.44 Change: -0.11
R/$ = 15.28 Change: -0.21
Au 1839.45 $/oz Change: -7.79
Pt 1064.53 $/oz Change: -26.63

Latest Videos

Daily podcast – December 3, 2008 

By: Shannon de Ryhove     3rd December 2008 In today's podcast: BHP Billiton reduces its manganese ore and alloy production; and Chinese mining firms are gearing up to take advantage of the global downturn. 

Daily podcast – December 2, 2008 

By: Shona Kohler     2nd December 2008 The 478 carat Light of Letšeng diamond was sold on tender in Antwerp for $18,4-million; and Mwana Africa is considering halting kimberlite diamond exploration in the Democratic Republic of Congo. 

SA miners say retrenchments seen as 'last resort'  

By: Esmarie Iannucci     2nd December 2008 Retrenchments in the mining industry would be seen as a “last resort” in response to the global credit crunch, which has put over 9 000 South African mining jobs at risk. This was the collective message from the government, trade unions, and industry representatives at a caucus, held this week... 

Daily podcast – December 1, 2008 

By: Shannon de Ryhove     1st December 2008 In today's podcast: three rescuers died in a cave-in while attempting to extract the bodies of 15 miners killed in an explosion at a coal mine in northeast China; and Cameco Corporation has temporarily suspended the production of uranium hexafluoride at its Port Hope plant, in Canada. 

Daily podcast – November 28, 2008 

By: Shannon de Ryhove     28th November 2008 In today's podcast: Richards Bay Coal Terminal has not seen a decrease in coal volumes exported; and First Uranium has materials and equipment in place to finish construction of its Ezulwini uranium plant. 

Daily podcast – November 27, 2008 

By: Shannon de Ryhove     27th November 2008 In today's podcast: Simmer & Jack Mines cautions that the Buffelsfontein gold mine may have to retrench up to 500 employees in the next two months; and Zambia cuts the 540 MW power supplied to its copper mines by 16%. 

SA mulls uranium export restrictions to safeguard supply  

By: Chanel de Bruyn     26th November 2008 South Africa would implement interventions with regard to the export of uranium to ensure that the country retained an adequate supply for its own electricity-generation needs, the Department of Minerals and Energy's (DME's) director of nuclear non-proliferation Elsie Monale asserted on... 

Daily podcast – November 26, 2008 

By: Shannon de Ryhove     26th November 2008 In today's podcast: Straits Resources will scale back next year's production target at its Tritton copper mine in Australia; and The shares of BHP Billiton rose and those of Rio Tinto fell on the news that BHP Billiton had withdrawn its bid to combine the two giant entities. 

Creamer Media takes first bite at developing local iPhone application  

By: Creamer Media Reporter      25th November 2008 Independent media organisation, the Creamer Media group, has launched what it believed to be the first South African-developed iPhone 3G application, with its Mining Weekly Online publication set to be one of the myriad of applications available for the device. Creamer Media CEO Kenneth Creamer... 

Daily podcast – November 25, 2008 

By: Shannon de Ryhove     25th November 2008 In today's podcast: BHP Billiton announces that its marathon bid for Rio Tinto has been scrapped; and International Ferro Metals suspends production at its two ferrochrome furnaces in South Africa. 

Thorium may surpass uranium - ex-Uranium One CEO Froneman  

By: Martin Creamer     24th November 2008 Thorium may in time surpass uranium as a nuclear fuel, says former Uranium One CEO Neal Froneman. While remaining bullish on uranium, the current Gold One CEO says that thorium has a fuel cycle of its own. "You will hear a lot more about thorium from an energy point of view in the... 

Daily podcast – November 24, 2008 

By: Shannon de Ryhove     24th November 2008 In today's podcast: South Africa's parliament passes new mine safety laws; and an Indonesian metal firm plans to set up a copper smelter with a yearly production capacity of 100 000 tons of copper cathode a year. 

Daily podcast – November 21, 2008 

By: Shannon de Ryhove     21st November 2008 In today's podcast: AngloGold Ashanti has entered into a $1-billion term loan facility agreement with Standard Chartered Bank to refinance its convertible bond; and Debswana, the world's biggest diamond producing company by value, said that it would reduce output to match the prevailing level of... 

First Uranium updates technical reports to lower financial risk profile 

By: Dennis Ndaba     21st November 2008 South African gold-miner and explorer Simmer & Jack Mines (Simmers) says as a key means to reduce its financial risk profile, its First Uranium Corporation (FIU) has updated its technical reports. 

Largest rock breaker in Africa gets cracking 

By: Darren Parker     21st November 2008 Hydraulic machinery manufacturer Atlas Copco has supplied the largest pedestal boom rock breaker in Africa to Anglo Platinum's (Angloplat's) PPRust platinum mine. Rock breaker division manager Gordon Jackson says that the machine is performing to the expected standard. 

Low quality hydraulic hose imports challenging for local suppliers 

By: Darren Parker     21st November 2008 South African importer of Chinese hydraulic hose Genflex Hydraulics director David Michelle says that there has been a general increase in the importation of hydraulic hose from the Far East, a situation which has not been without challenges. 

Modder East 'unbelievably profitable', Ventersburg 'really promising' – Gold One  

By: Martin Creamer     20th November 2008 Modder East gold mine on South Africa's East Rand was set to be “unbelievably profitable”, the proposed Ventersburg mine in the Free State was “really promising” and the Tulo prospect in Mozambique could be a “company maker” for the new 500 000-oz/y-in-five-years Gold One, president and CEO Neal... 

Daily podcast – November 20, 2008 

By: Shannon de Ryhove     20th November 2008 In today's podcast: Aflease Gold will merge with Australia's BMA Gold; and Anglo American South Africa head Kuseni Dlamini said that the present was a great era of opportunity for the still-growing Africa to "rise and shine". 

‘Great era of opportunity' for ‘still-growing' Africa - Anglo American 

By: Martin Creamer     19th November 2008 The present was a "great era of opportunity" for the "still-growing" Africa to "rise and shine", Anglo American South Africa head Kuseni Dlamini said on Wednesday. Kuseni told the Africa Investment Forum 2008 in Johannesburg that the continent would continue on a significant economic growth... 

Daily podcast – November 19, 2008 

By: Shannon de Ryhove     19th November 2008 In today's podcast: one of the main causes of the collapse of the platinum price is "very significant" disinvestment in exchange traded funds; and Wescoal announces that all conditions precedent with regard to its acquisition of prospecting rights at the Vlakvarkfontein farm have been meet. 

Fund, ETF ‘fire sales' causes of platinum's collapse - Johnson Matthey analyst 

By: Martin Creamer     18th November 2008 The main causes of the collapse of the platinum price were "very significant" disinvestment in exchange traded funds (ETFs) and fire sales of platinum held by investment funds, Johnson Matthey principal market analyst Alison Cowley said on Tuesday. Cowley said in an interview on the sidelines of... 

Daily podcast – November 18, 2008 

By: Shannon de Ryhove     18th November 2008 In today's podcast: Lonmin posted a 19% rise in yearly underlying earnings per share; and Gem Diamonds warns that it might post a full-year loss. 

Daily podcast – November 17, 2008 

By: Shannon de Ryhove     17th November 2008 In today's podcast: Investment bank Macquarie cut sits 2009 forecasts for base metals, coal and iron-ore by up to 60%; and Rio Tinto has started the sale of its market-leading borates and talcs businesses. 

Daily podcast – November 14, 2008 

By: Guy Copans     14th November 2008 In today's podcast: Redbank Mines has secured a A$6-million funding package; and Shield Mining has announced that the initial gold results from the 2008 to 2009 exploration programme at its Mauritania property had enhanced the continuity of the five main gold anomalies at its Tijirit project. 

Simmers pursues funding activities to accelerate capital programme  

By: Esmarie Iannucci     13th November 2008 Gold and uranium producer Simmer & Jack Mines (Simmers) is slowing the development of growth projects owing to the global credit crisis, but CEO Gordon Miller is confident that the JSE-listed miner has the financial flexibility to ensure capital for its projects, most of which were at some stage... 

Daily podcast – November 13, 2008 

By: Shannon de Ryhove     13th November 2008 In today's podcast: Simmer & Jack Mines widens its interim loss; and the European Islamic Investment Bank has boosted its stake in South African diamond-miner DiamondCorp. 

Trans Hex warns diamond sales to face 'difficult' period, demand drops 

By: Esmarie Iannucci     12th November 2008 JSE-listed diamond producer Trans Hex on Wednesday reported that rough diamond sales had been severely impacted by the global economic downturn, with prices in the six months ended September showing a decrease from previous highs. Trans Hex CEO Llewellyn Delport stated that demand for top-end... 

Daily podcast – November 12, 2008 

By: Shannon de Ryhove     12th November 2008 In today's podcast: Trans Hex reported that rough diamond sales for the six months ended September, were down by 24%; and Central African Gold has requested that trading in its shares on London's Aim market be temporarily suspended. 

Village Main’s entry coinciding with mining assets becoming ‘very cheap’ – Swanepoel  

By: Martin Creamer     11th November 2008 The timing of the re-entry of JSE-listed Village Main could “not have been better” as mining assets were becoming “very, very cheap”, South African mining luminary Bernard Swanepoel said, following Tuesday’s annual general meeting at which all company resolutions were passed in full. The new... 

Daily podcast – November 11, 2008 

By: Shannon de Ryhove     11th November 2008 In today's podcast: The Diamond Council of South Africa and the United Diamond Association of South Africa have amalgamated to form a single diamond downstream industry body; US aluminium giant Alcoa has slashed a further 350 000 tons of aluminium-making capacity worldwide. 

Daily podcast – November 10, 2008 

By: Shannon de Ryhove     10th November 2008 In today's podcast: Rio Tinto will cut its Australian iron-ore production by about 10%; and Eastern Platinum has re-evaluated its short-term development plan. 

Daily podcast - November 7, 2008 

By: Shona Kohler     7th November 2008 In today's podcast: Anglo American plans to increase iron-ore production fourfold; and a sod turning ceremony is held to mark the start of the development of the Styldrift project. 

Safety-related stoppages shave many ounces off AngloGold's September quarter output 

By: Dennis Ndaba     7th November 2008 Africa's largest gold producer, AngloGold Ashanti, says production at its South African operations during the third- quarter and nine months ended September 30, 2008 was marginally lower, at 538 000 oz despite an increase in safety-related stoppages and nationwide strike action. 

4WD training simulator launched 

By: Fatima Gabru     7th November 2008 Simulator training equipment company Immersive Technologies launched its first four-wheel drive light vehicle conversion kit for advanced equipment training simulators in June. 

African mine insurance suffers losses 

By: Darren Parker     7th November 2008 International insurance and reinsurance broker Glencairn MD South Africa Nick Hall says that the global insurance market has suffered a spate of losses and financial difficulties in 2008, with regards to mining interests, and Africa is no exception. 

Safety equipment supplier gives impetus to African market 

By: Darren Parker     7th November 2008 Global supplier of personnel protective equipment (PPE), MSA, is placing a renewed focus on the African mining market, noting that the standards of safety equipment within the market are something that could be improved on through a more active participation of responsible entities, such as... 

Is mechanisation in African hard-rock mining the way to go? 

By: Darren Parker     7th November 2008 The drive for mechanisation throughout the global mining industry has gained further impetus in Africa on the back of mining equipment supplier Sandvik Mining & Construction focussing considerable attention in the hard-rock mining sector. 

EIA report gets thumbs-up in DRC 

By: Darren Parker     7th November 2008 The Democratic Republic of Congo (DRC) minister of mines signed off the environmental and social impact assessment (ESIA) report for the Tenke Fungurume copper/cobalt mining project, in Kinshasha, at the beginning of October. 

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