R/€ = 18.5479 Change: -0.1914
R/$ = 16.9960 Change: -0.0459
Au 1940.93 $/oz Change: -9.43
Pt $/oz Change:

Latest Videos

Falling steel shuts AngloGold Ashanti shaft for two months  

By: Martin Creamer     2nd November 2009 The TauTona shaft of gold miner AngloGold Ashanti has been closed for two months, which will mean a 1 500 kg loss of gold production. The shaft has been closed so that repair to steelwork can take place safely, following the falling down a sub shaft of a so-called "penthouse" - a heavy steel... 

Solution needed to electricity pricing, rand strength – AngloGold 

By: Martin Creamer     2nd November 2009 South Africa Incorporated needed to thrash out a workable, collective solution to its electricity pricing issue, which, together with the strong rand, was putting the country's future employment capacity at significant risk, AngloGold Ashanti CEO Mark Cutifani said on Monday. Cutifani told... 

Daily podcast – November 2, 2009 

By: Shannon de Ryhove     2nd November 2009 Anglogold Ashanti and Randgold Resources will jointly acquire a further 20% stake in the Moto gold project; and Hudbay Minerals will restart its Chisel North mine and concentrator in Snow Lake. 

New thinking needed on Eskom electricity tariff – Harmony 

By: Martin Creamer     30th October 2009 South Africa needed to apply its mind to solving the electricity price issue to avoid widespread knock-on effects that would seriously stunt economic growth and spark a new round of wage demands, Harmony Gold CEO Graham Briggs said on Friday. The head of South Africa's third-largest gold-mining... 

Daily podcast – October 30, 2009 

By: Shannon de Ryhove     30th October 2009 Transnet and manganese miners mull a 12-million tons a year export channel ‘partnership'; and Newmont Mining hopes to make a final decision to build a second mine in Ghana by mid-2010. 

Daily podcast – October 29, 2009 

By: Shannon de Ryhove     29th October 2009 Coal of Africa Limited to expand its Makhado coking-coal project area; and Israel rejects accusations by a UN panel of experts that it may be involved in the illegal export and sale of so-called "blood diamonds" from the Ivory Coast. 

Daily podcast – October 28, 2009 

By: Shannon de Ryhove     28th October 2009 Finance Minister Pravin Gordon calls on government departments for sectoral and financial coordination; and Riversdale Mining and Tata Steel approve the development of the first phase of the Benga coal project. 

Daily podcast – October 27, 2009 

By: Shannon de Ryhove     27th October 2009 Rescue teams free two workers who had remained trapped underground at Harmony Gold's Target mine; and Caterpillar begins notifying about 2 500 laid-off US employees that they won't return to the company. 

Daily podcast – October 26, 2009 

By: Shannon de Ryhove     26th October 2009 Vale will to invest $595-million in its Moatize coal project next year; and Cameco Corporation resumes dewatering of the flooded Cigar Lake project, in Saskatchewan. 

Creamer Media announces subscriptions promotion winners  

23rd October 2009 Creamer Media has announced the names of the three readers, who each won an Apple iPhone in its subscriptions promotion.  

Daily podcast – October 23, 2009 

By: rosalia matlou     23rd October 2009 Julius Malema says that because the nationalisation of mines is prescribed in the Freedom Charter, it must, therefore, be a prerequisite for leadership in the ANC; and platinum demand levels gradually improve. 

South Deep expected to 
produce 300 000 oz in year ending June 2010 

By: Loni Prinsloo     23rd October 2009 Plans for the build-up of JSE-listed gold major Gold Fields’ 50-year-life mechanised South Deep mine are progressing rapidly, states Gold Fields vice-president and head of South African operations Vishnu Pillay. 

DRDGold plunges to R63m Q1 loss in ‘conspiracy of challenges'  

By: Martin Creamer     22nd October 2009 JSE-and Nasdaq-listed gold miner DRDGold has plunged into a R63,3-million net loss in a September quarter of seismicity, labour and currency hardships. "There was almost a conspiracy of challenges in the last few months," DRDGold CEO Niel Pretorius said of the company's underground... 

Daily podcast – October 22, 2009 

By: Shannon de Ryhove     22nd October 2009 A designated adviser to listed Wescoal is found guilty of insider trading; and workers at Chile's Spence copper mine plan to resume wage talks with owner BHP Billiton to solve a nine-day strike. 

Daily podcast – October 21, 2009 

By: Shannon de Ryhove     21st October 2009 The NUM rejects a 6,5% wage increase made by Lonmin; and BHP Billiton reports a fatality at its Khutala Colliery opencast operations. 

Daily podcast – October 20, 2009 

By: Shannon de Ryhove     20th October 2009 Protesting workers at Two Rivers mine refuse to stop an illegal sit-in; and Barrick Gold expects to save at least $50-million a year once it has completed planned changes to its organisational structure. 

Daily podcast – October 19, 2009 

By: Shannon de Ryhove     19th October 2009 Vale will boost investment by more than 30% to around $12-billion next year; and an illegal sit-in by more than one hundred mineworkers at the Two Rivers platinum mine halts production. 

Daily podcast – October 16, 2009 

By: Amy Witherden     16th October 2009 Plans for the proposed $2,7-billion Coega smelter project has been terminated owing to Eskom's capacity constraints; and Zimbabwe should honour investment agreements to attract fresh capital. 

Gold Fields’ St Ives mine aiming to return to 500 000-oz/y-producer status 

By: Loni Prinsloo     16th October 2009 Even though most recent production results for Gold Fields Australian mine, St Ives, were below-par, the goal remains to quickly move the mine back to being a 500 000-oz/y producer of gold, said Gold Fields Australasian executive vice president Glenn Baldwin. 

Daily podcast – October 15, 2009 

By: Shannon de Ryhove     15th October 2009 Xstrata announces that it has no intention of making an offer for Anglo American; and BHP Billiton and Rio Tinto won't proceed with joint marketing activities from their joint-venture iron-ore operations in Western Australia. 

Aurora destined to be major gold player – Zondwa Mandela 

By: Martin Creamer     14th October 2009 The soon-to-be-listed Aurora Empowerment Systems was destined to be a major gold player, Zondwa Mandela, Nelson Mandela's grandson, said on Wednesday as he clinched another significant gold acquisition and revealed, under questioning, that he had two more gold assets in tow. "We do view... 

Eskom says talks have been initiated with BHP about commodity-linked power contracts 

By: Terence Creamer     13th October 2009 South Africa's power utility Eskom confirmed on Tuesday that it was pushing ahead with plans to renegotiate commodity-linked electricity tariffs with resources groups, such as BHP Billiton, whose aluminium smelter investments in South Africa and Mozambique were premised on access to low-cost... 

Daily podcast – October 13, 2009 

By: Shannon de Ryhove     13th October 2009 Aurora Empowerment Systems buys the liquidated Pamodzi Gold East Rand assets; and Riversdale Mining will submit a feasibility study and an environmental-impact study for its proposed plan to transport coal by barge along the Zambezi river to the Mozambique government. 

Daily podcast – October 12, 2009 

By: Shannon de Ryhove     12th October 2009 China has extended by a month a probe into suspected corporate espionage by employees of Rio Tinto; and Eskom's planned tariff increases could lead to a second wave of widespread retrenchments in the country's mining industry. 

Asset sales, not just buys, build a strong gold senior - Goldcorp's Jeannes 

By: Liezel Hill     10th October 2009 For larger gold producers to generate increasing returns for shareholders, the key is not just discovering and acquiring new deposits – some existing assets will need to be dropped along the way, says Goldcorp CEO Chuck Jeannes. “I'm a believer in the Jack Welch theory of portfolio management,... 

Daily podcast – October 9, 2009 

By: Shannon de Ryhove     9th October 2009 Around 25 Congo mining deals risk cancellation; and South African mining production was down 11,5% in August.  

Daily podcast – October 8, 2009 

By: Shannon de Ryhove     8th October 2009 Northam Platinum will spend R3-billion over five years to develop the first module of its new Booysendal mine; and underground ore mining at BHP Billiton's Olympic Dam copper/gold and uranium mine continues. 

Daily podcast – October 7, 2009 

By: Shannon de Ryhove     7th October 2009 The wage dispute between Hotazel Manganese Mines and the National Union of Mineworkers has been resolved; and a strong bid is being made for the stricken Pamdozi Gold East Rand. 

Daily podcast – October 6, 2009 

By: Shannon de Ryhove     6th October 2009 The Mongolian government signs the investment agreement for the development of the Oyu Tolgoi copper/gold mine; and Potash One begins work on a feasibility study for its Legacy potash solution-mining project. 

Sevenfold increase in Gold Fields' uranium resources 

By: Martin Creamer     5th October 2009 South African gold major Gold Fields on Monday reported a seven-fold increase in its uranium resources to 77-million pounds. Gold Fields CEO Nick Holland said that the sharp increase from last year's 11-million pounds was the result of an accelerated drilling programme of the company's 13... 

Daily podcast – October 5, 2009 

By: Shannon de Ryhove     5th October 2009 Exxaro expects its Zincor refinery to be back to full production by the end of the week; and AngloGold Ashanti and De Beers form a joint venture to explore for gold and other minerals in the ocean. 

Daily podcast – October 2, 2009 

By: Loni Prinsloo     2nd October 2009 Xstrata has until 5 pm on October 20 to announce a firm intention to make an offer for Anglo American or to walk away; and Gold Fields' production and cash costs for the first quarter of 2010 will be broadly in line with its forecast. 

New fund to target coal, renewable-energy projects 

By: Jonathan Faurie     2nd October 2009 Investors looking to target the mining industry as a means of capital investment can look forward to some welcome relief in the coming months. 

Daily podcast – October 1, 2009 

By: Shannon de Ryhove     1st October 2009 Vale Inco expects to restart some operations at its Sudbury, Ontario, mill this week; and DRDGold confirms that wage-related strike action at Blyvooruitzicht and Crown mines continuies. 

Daily podcast – September 30, 2009 

By: Shannon de Ryhove     30th September 2009 De Beers cancels a planned four-week December shutdown at its Snap Lake underground mine; and South Africa currently has around 104 mines operating without legal water licences. 

Daily podcast – September 29, 2009 

By: Shannon de Ryhove     29th September 2009 More than 2 000 Anglo American coal jobs would be lost through premature mine closure should the Australian government go ahead with its carbon pollution reduction scheme; and Petra Diamonds recovers a 507,55 ct white diamond at its iconic Cullinan mine. 

Diamond Council CEO urges diamond industry to reposition itself for upturn  

By: Martin Creamer     28th September 2009 South Africa should reposition itself to take full advantage of the opportunity that will present itself when the diamond industry eventually turns up again, says Diamond Council of South Africa CEO Braen Migogo. Migogo tells Mining Weekly Online in an exclusive interview - see associated video... 

Daily podcast – September 28, 2009 

By: Shannon de Ryhove     28th September 2009 Firestone Diamonds expects to decide on the start of mine development at its BK11 project by the fourth quarter of the year; and Zambia's Munali nickel mine will resume operations next month 

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