R/€ = 18.5598 Change: -0.1795
R/$ = 16.9523 Change: -0.0896
Au 1946.04 $/oz Change: -4.32
Pt $/oz Change:

Latest Videos

Daily podcast – December 4, 2009 

By: Eleanor Seggie     4th December 2009 Copper supply will fall up to one-million tons short in 2009; and South Africa's inland coal pricing is down 34% year-on-year in severely depressed coal-trading conditions.  

Zircon market glides through recession 
‘without much of a speed bump’ 

By: Loni Prinsloo     4th December 2009 The mineral sands industry has proven a constant performer through even the onerous economic conditions experienced in past months, and Exxaro executive GM for the mineral sands and base metals commodity division Trevor Arran has predicted a positive future for the industry.  

Expansion project achieves safety milestone 

By: Carla Thomaz     4th December 2009 Iron, chrome and manganese-miner Assmang’s Khumani iron ore expansion project in the Northern Cape has achieved one million lost time injury free shifts. 

Daily podcast – December 3, 2009 

By: Shannon de Ryhove     3rd December 2009 Xstrata Copper will invest $542-million to extend the life-of-mine of its Ernest Henry Mining operations to at least 2024; and Aurora Empowerment Systems secures its fourth gold-mining asset. 

Daily podcast – December 2, 2009 

By: Shannon de Ryhove     2nd December 2009 Anglo American agrees, in principle, to invest another $450-million in De Beers; and Alpha Natural Resources resumes production at its Emerald longwall coal mine. 

Daily podcast – December 1, 2009 

By: Shannon de Ryhove     1st December 2009 The construction of the power infrastructure necessary to supply the Burnstone mine will start in January 2010; and Teck Resources expects to restart the lead production line at its Trail, British Columbia, refinery on Wednesday. 

Coal-fired Kusile project to be delayed a year – Eskom   

By: Terence Creamer     1st December 2009 South Africa's Kusile power station will be phased in one year later than initially planned to help accommodate Eskom's lower requested tariff increases of 35% a year between 2010 and 2013, the utility confirmed on Tuesday. The group's initial application, submitted on September 30, 2009, sought... 

Daily podcast – November 30, 2009 

By: Mary-Anne O’Donnell     30th November 2009 Petra Diamonds sells a 168 ct white diamond for $6,28-million; and the request for an extraordinary general meeting at Simmer & Jack is withdrawn. 

Daily podcast – November 27, 2009 

By: Shannon de Ryhove     27th November 2009 Canadian mining executives come out strongly against the contentious Bill C-300; and Namibia's proposed law to force mining companies to yield 25% of their shareholding to black investors poses a risk to the industry. 

Training, skills development critical for minerals beneficiation 

By: Loni Prinsloo     27th November 2009 The Intsika mineral beneficiation project recently celebrated the graduation of 21 learners, at Rand Refinery in Johannesburg.  

Rand-denominated gold, platinum and 
crude oil commodities now being traded 
on local bourse 

By: Loni Prinsloo     27th November 2009 The JSE has recently announced that it had extended its licencing agreement with the world’s largest commodity derivatives marketplace, the CME group, to offer South Africans the opportunity to trade rand-denominated platinum, gold, and crude oil futures. 

Randgold's Bristow promises Kibali 'road map' in Q1  

By: Liezel Hill     26th November 2009 LSE- and Nasdaq-listed Randgold Resources will outline the way forward at its Kibali gold project, in the Democratic Republic of Congo, early next year, CEO Mark Bristow said on Thursday. Speaking in Toronto, Bristow said Randgold will likely surpass its production forecast of 600 000 oz of gold... 

Daily podcast – November 26, 2009 

By: Shannon de Ryhove     26th November 2009 Workers at Antamina wraps up negotiations for a labour agreement; and Keaton Energy's board 'authorises the development of the first phase of the Vanggatfontein project. 

Daily podcast – November 25, 2009 

By: Joanne Delaurentis     25th November 2009 Debswana plans to extend the closure of its Damtshaa mine to the end of 2010; and De Beers and the government of Botswana expect to spend as much as $3-billion over the next 15 years to extend the life of the Jwaneng diamond mine. 

Daily podcast – November 24, 2009 

By: Shannon de Ryhove     24th November 2009 A global iron-ore price settlement 10% up on the current price is expected from price negotiations in 2010; and JIC Mining Services plans to retrench 662 of its 6 300 employees. 

Harmony to produce more gold, save jobs despite shaft closures 

By: Martin Creamer     23rd November 2009 Despite the planned closure of underperforming and depleted shafts, JSE-listed Harmony Gold is poised to produce more gold and to preserve jobs, its CEO Graham Briggs said on Monday. "We have spent a lot of money on growth projects, which are just starting to deliver. These projects are in the... 

Daily podcast – November 23, 2009 

By: Shannon de Ryhove     23rd November 2009 A JV between De Beers and AngloGold Ashanti expects to start its first underwater drilling for gold in the second quarter of next year; and strikers at Chile's Spence copper mine vote to end a prolonged stoppage. 

Daily podcast – November 20, 2009 

By: Lindsey Berry     20th November 2009 Simmers shareholders should reject Vulisango's non-transformational, JCI-linked attempt to gain control of Simmer & Jack without paying a premium; and Firestone Energy and Sekoko Coal acquire surface rights to a farm that forms an important part of its Waterberg coal project. 

New products to increase company focus on mining sector 

By: Mary-Anne O’Donnell     20th November 2009 Manufacturer of flexible conduits Flexicon, of the UK, and its local exclusive distributor and representative Elquip Solutions, aims to, as part of their marketing strategy, increase their focus on hazardous environments, including the mining industry, through the introduction of a new range of... 

Now miners focus on better 
capital, cash management 

By: Loni Prinsloo     20th November 2009 Mining and metals companies have survived tremendous price volatility over the past year and, worldwide, companies are now focused on containing costs and preparing for growth. 

Daily podcast – November 19, 2009 

By: Shannon de Ryhove     19th November 2009 Ghana plans to double its mining royalties; and Homeland Energy attempts to raise R70-million. 

Daily podcast – November 18, 2009 

By: Shannon de Ryhove     18th November 2009 Johnson Matthey presents a bullish outlook for platinum and palladium; and gold production rose nearly 5% in the third quarter of the year. 

Johnson Matthey bullish on platinum, palladium, sees deficits  

By: Martin Creamer     17th November 2009 Platinum researcher Johnson Matthey on Tuesday presented a bullish outlook for both platinum and palladium and spoke of deficits being on the way in both metals. Johnson Matthey precious metals marketing director Mark Bedford told Mining Weekly Online that both the autocatalyst and industrial... 

Daily podcast – November 17, 2009 

By: Shannon de Ryhove     17th November 2009 Vulisango proposes that a new Simmers board be put in place; and strikers at Chile's Spence copper mine are ready to end a 35-day stoppage if owner BHP Billiton accepts their new wage proposal. 

Barloworld sees mining-led sales recovery in second half of 2010 

By: Terence Creamer     16th November 2009 Diversified industrial group Barloworld, which reported a 25% drop in operating profit to R1,9-billion for the year to September 30, 2009, said on Monday that it expected 2010 to be "another challenging year". Group revenue declined by 10% to R42,2-billion from over R46-billion in 2008, despite... 

Daily podcast – November 16, 2009 

By: Shannon de Ryhove     16th November 2009 Zambia's Baluba copper mine to resume output two weeks ahead of schedule; and Breakwater Resources employees vote to ratify the tentative labour agreement. 

Daily podcast – November 13, 2009 

By: Schalk Burger     13th November 2009 The sacked directors of JSE-listed platinum junior Wesizwe withdraw their urgent court application; and International Ferro Metals will cogenerate its own electricity at a fraction of the proposed new Eskom tariffs. 

Godsell to be asked to reconsider Eskom resignation 

By: Terence Creamer     13th November 2009 Public Enterprises Minister Barbara Hogan would approach former Eskom chairperson Bobby Godsell over this weekend to ask him to "reconsider" his resignation, she told SAfm on Friday. Godsell stepped down on Monday November 9, 2009, citing a lack of support from the shareholder, both on the Eskom... 

Godsell won't comment on possible Eskom return 

By: Terence Creamer     12th November 2009 Following two weeks of leadership uncertainty, the board at South African power utility Eskom finally confirmed on Thursday that the resignation offer made by CEO Jacob Maroga during the board meeting of October 28 had been "clear and unambiguous", despite his persistent assertions since then... 

Daily podcast – November 12, 2009 

By: Shannon de Ryhove     12th November 2009 The National Union of Mineworkers warns that about 45 000 of its members may strike at Gold Fields; and China extends a commercial espionage investigation into a Rio Tinto executive by two months. 

Daily podcast – November 11, 2009 

By: Shannon de Ryhove     11th November 2009 South Africa's Chamber of Mines calls for a new electricity dispensation; and Silver Wheaton will "undoubtedly" consider paying a dividend to shareholders at some point in the future. 

Daily podcast – November 10, 2009 

By: Shannon de Ryhove     10th November 2009 DRDGold brings a semi-urgent application to the South Gauteng High Court for the Blyvooruitzicht gold mine; and Rio Tinto and BHP Billiton haven't received any indications that they will face regulatory issues in forming an iron-ore production joint venture. 

Daily podcast – November 9, 2009 

By: Shannon de Ryhove     9th November 2009 First Uranium agrees to sell 7% of the gold to be produced over the life of its Ezulwini mine to a subsidiary of Gold Wheaton; and BRC Diamondcore signs a letter of intent with diversified giant Rio Tinto's mining and exploration arm. 

Daily podcast – November 5, 2009 

By: Shannon de Ryhove     5th November 2009 Exxaro is involved with coal-based development plans in the Waterberg coalfield; and Zimbabwe's federation of small-scale miners says the government should consider re-allocating chrome claims along the country's Great Dyke. 

Daily podcast – November 4, 2009 

By: Shannon de Ryhove     4th November 2009 The South African government completes its review of the Mining Charter; and Wesizwe asks CEO Michael Solomon as well as fellow director Robert Rainey to step down "with immediate effect". 

SA govt will allow Chamber input on ‘unfair' Mining Charter review  

By: Martin Creamer     3rd November 2009 The South African government had completed its review of the Mining Charter, Mineral Resources Minister Susan Shabangu said on Tuesday. Shabangu said at the annual general meeting of the Chamber of Mines (CoM) that she was aware that the CoM regarded the government's review of the charter as... 

Daily podcast – November 3, 2009 

By: Shannon de Ryhove     3rd November 2009 A mineworker at Gold Fields' Kloof mine, near Carletonville, died during the Monday night shift; and Zambia's Chambishi Metals will restart production this week. 

Nationalisation call based on mining being ‘gem in SA crown' – Chamber  

By: Martin Creamer     3rd November 2009 The underlying logic of the call to nationalise South Africa's mining industry was the mining sector's status as "a precious gem in our country's sovereign crown", Chamber of Mines (CoM) president Sipho Nkosi said in Johannesburg on Tuesday. Nkosi, who was elected unusually to serve a third term... 

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