R/€ = 17.34 Change: 0.04
R/$ = 17.99 Change: 0.10
Au 1631.57 $/oz Change: -12.51
Pt 857.00 $/oz Change: -4.00

Latest Videos

Urgent decisions needed on Wits Basin mine water decant threat 

By: Loni Prinsloo     18th September 2009 Key role-players in resolving the environmental threat posed by acid mine drainage (AMD) in South Africa’s Witwatersrand (Wits) Basin points out that there is a “tight deadline” for decisions by the State and Rand Water if their proposed five-point plan for a “cost-effective, sustainable... 

Daily podcast – September 17, 2009 

By: Shannon de Ryhove     17th September 2009 Newmont Mining reaches an agreement with the government of Indonesia to extend the cut-off date for the government to buy a series of stakes in Newmont's Batu Hijau gold/copper mine; and Gold Fields expects to complete a detailed feasibility study on the potential to produce uranium from tailings... 

Daily podcast – September 16, 2009 

By: Shannon de Ryhove     16th September 2009 The North Gauteng High Court ratifies Harmony Gold's acquisition of the provisionally liquidated Pamodzi Gold Free State assets; and Harmony Gold expects a prefeasibility study on the large Wafi-Golpu gold/copper prospects to be completed in 2011. 

Daily podcast – September 15, 2009 

By: Shannon de Ryhove     15th September 2009 Drilling and blasting at AngloGold Ashanti's Great Noligwa mine has been suspended, following the death of a worker; and the National Union of Mineworkers will embark on strike action at three of DRDGold's operations at the start of night shift on Tuesday. 

Coal-miner Sasol intends to be world leader in carbon capture, storage – CEO 

By: Martin Creamer     14th September 2009 Coal-miner Sasol fully intended to be a world leader in carbon capture and storage (CSS) technology, Sasol CEO Pat Davies said on Monday. Davies said that Sasol, the world's only commercial coal-to-liquids (CTL) company, saw CSS as one of the significant solutions to the challenge of reducing... 

Sasol ‘disappointed' at loss of coal BEE partner Exxaro 

By: Martin Creamer     14th September 2009 Coal-miner Sasol on Monday expressed disappointment at losing its black economic empowerment (BEE) partnership with Exxaro. The black-controlled JSE-listed Exxaro is South Africa's largest coal producer. Sasol CFO Christine Ramon, in an item not bullet-pointed on the overhead screen, said: "We... 

Daily podcast – September 14, 2009 

By: Shannon de Ryhove     14th September 2009 The results of a probe into the cause of the accident at Exxaro's Zincor refinery will be released in about four weeks; and the US government continues to put the squeeze on coal mining companies for their environmental impact. 

Daily podcast – September 11, 2009 

By: Shannon de Ryhove     11th September 2009 Exxaro Resources suspends operations at its Zincor refinery in Springs, Gauteng, after an explosion kills three people; and the Industrial Development Corporation takes the Pamodzi Gold liquidation case to a new level of intensity. 

Africa a key future market – Metso Minerals 

By: Jonathan Faurie     11th September 2009 Diversified engineering company Metso Minerals has described Africa as a continent that holds vast expansion potential and has been identified as a key market for the company in the future. 

Daily podcast – September 10, 2009 

By: Shannon de Ryhove     10th September 2009 African Copper restarts operations at the Mowana mine, in Botswana; and 500 NUM members at South African-miner Petra Diamond's Sedibeng operations will continue with strike action until their demands are met. 

Daily podcast – September 9, 2009 

By: Shannon de Ryhove     9th September 2009 Xstrata South Africa will provide R3,5-million for the education of South African students; and Central Rand Gold South Africa will oppose a court interdict brought against it by black economic-empowerment Puno Gold Investment. 

Daily podcast – September 8, 2009 

By: Shannon de Ryhove     8th September 2009 Vale has already spent $300-million on the development of the mine industrial complex at its Moatize coal mine, in Mozambique; and Chinese state-owned firms expand their footprint in Australia's mining industry. 

Daily podcast – September 7, 2009 

By: Shannon de Ryhove     7th September 2009 Aquarius Platinum experiences some delays in the engagement process with new staff at its Kroondal and Marikana operations; and a group of miners and prospectors want to develop an independent iron ore export terminal at Australia's Port Hedland, where BHP Billiton has long been the dominant... 

Daily Podcast - September 4, 2009 

By: rosalia matlou     4th September 2009 Australian resource companies have been encouraged to continue investment in South Africa's mining sector, South Africa would complete an audit of the State's mining interests held directly or indirectly, by the first quarter of 2010. 

Implats reports 11 fatalities in 2008/9 

By: Loni Prinsloo     4th September 2009 Despite marginal improvements in safety performance, 11 of South African miner Impala Platinum’s (Implats’) employees died at work during the financial year ended June 30, 2009. Post year-end, a further nine employees lost their lives in a major fall-of-ground incident. 

‘Very strong' resurgence in Chinese platinum jewellery – Implats 

By: Martin Creamer     3rd September 2009 A "very strong" resurgence in Chinese jewellery at the lower platinum prices has prompted Impala Platinum (Implats) to forecast that sales for 2009 will be 70% higher than in 2008, at 1,4-million ounces. Implats marketing executive Derek Engelbrecht points out to Mining Weekly Online that Hong... 

Daily Podcast - September 3, 2009 

By: Jonathan Faurie     3rd September 2009 Malaysian and Middle Eastern-backed Aurora Empowerment Systems has clinched the deal for Pamodzi Gold Orkney, Impala Platinum (Implats) announced yesterday that some branches of the National Union of Mineworkers (NUM) had accepted its latest wage offer and had returned to work. 

Arm aiming for 100 000 t/y copper in 5 years 

By: Martin Creamer     3rd September 2009 Diversified miner African Rainbow Minerals (Arm) aims to be producing at least 100 000 t/y of copper in five years, CEO André Wilkens tells Mining Weekly Online. Wilkens says that the company is already in a sweet spot with the commodities it has, which include coal, manganese, iron-ore,... 

Daily Podcast - September 2, 2009 

By: Jonathan Faurie     2nd September 2009 Wage negotiations between Impala Platinum and the National Union of Mineworkers had resumed on Wednesday,BHP Billiton believes long-term reforms to ease congestion at Australia's Newcastle coal port can be achieved. 

Rising SA gold theft funding 'terrorism, human trafficking' – Pan African  

By: Martin Creamer     1st September 2009 Increasing gold theft from South African mines was funding international terrorism and human trafficking and amounted to a global money-laundering operation of huge magnitude, Pan African Resources CEO Jan Nelson said on Tuesday. "Dirty money is coming in and clean gold is going out," Nelson... 

Daily Podcast - September 1, 2009 

By: Jonathan Faurie     1st September 2009 South Africa was running the risk of losing business to rival countries because of logistical ineptitude, AngloGold Ashanti is going ahead with exploration of what could be a major gold deposit in Colombia despite virulent opposition from local environmentalists. 

Steady rise of palladium price expected – Implats 

By: Martin Creamer     1st September 2009 The palladium price is likely to rise steadily on the back of Russian destocking, growth of the petrol-driven car market and thrifting, Impala Platinum (Implats) marketing executive Derek Engelbrecht says. Engelbrecht does not expect it suddenly to return to the $1 000/oz level of the start of... 

South Africa risking losses through logistical ineptitude – Patrice Motsepe 

By: Martin Creamer     31st August 2009 South Africa was running the risk of losing business to rival countries because of logistical ineptitude, African Rainbow Minerals (Arm) executive chairperson Patrice Motsepe said on Monday. "The whole Transnet issue is a very, very important one," Motsepe told the Arm annual results... 

Russian palladium stocks depleted – Arm  

By: Martin Creamer     31st August 2009 The long-awaited depletion of Russia's stocks of palladium was now at hand, which was set to boost the palladium price as well as African Rainbow Minerals' (ARM's) palladium-rich mines, Arm CEO André Wilkens told Mining Weekly Online on Monday. Speaking at question time following the... 

Daily Podcast - August 31, 2009 

By: Jonathan Faurie     31st August 2009 The China-backed bid for the entire Pamodzi Gold group has prompted preferred bidder Harmony Gold to suspend its negotiations with the provisional liquidators, platinum producer Impala Platinum has lost a court bid to stop workers striking at its Rustenburg and Marula operations  

Daily Podcast - August 28, 2009 

By: Sheila Barradas     28th August 2009 The underperforming Marula platinum mine may be closed if it fails to return to operational profitability, Thousands of workers are demanding Peru's government save their jobs at a shuttered metals smelter high in the Andes 

Daily Podcast - August 27, 2009 

By: Jonathan Faurie     27th August 2009 State-owned power utility Eskom, which posted a record R9,7-billion loss in its 2009 financial year to end-March, spent R7-billion more on coal than in the previous year, Australia's Oz Minerals posted a loss of A$580,7-million in the six months ended June 30, after it incurred a loss on the sale... 

Underperforming Marula platinum mine may close – Implats 

By: Martin Creamer     27th August 2009 The underperforming Marula platinum mine may be closed if it fails to return to operational profitability, Impala Platinum (Implats) CEO David Brown said on Thursday. Delivering 45% lower gross Implats profits of R9,8-billion, Brown said that the year ahead remained challenging for Marula,... 

Daily podcast - August 26, 2009 

By: Amy Witherden     26th August 2009 In today's podcast, Mongolia's Parliament clears the way for an investment agreement on the giant Oyu Tolgoi copper/gold project; and governments respond in a pleasing way to the idea of establishing a trans-Kalahari rail link to Southern Africa's west coast. 

Pleasing govt response to private-sector-led trans-Kalahari coal line – Exxaro 

By: Martin Creamer     25th August 2009 Governments have responded in a pleasing way to the private-sector-led idea of establishing a trans-Kalahari rail link to Southern Africa's west coast, Exxaro CEO Sipho Nkosi tells Mining Weekly Online. Currently, South African exports go along the State-owned coal line from Mpumalanga to the... 

Daily podcast - August 25, 2009 

By: Jonathan Faurie     25th August 2009 Black economic-empowerment company Aurora Empowerment Systems has bid R215-million for the provisionally liquidated assets of Pamdozi Gold Orkney, St Louis-based coal-miner Peabody Energy has adjusted the reporting channels for its coal sales and coal trading units  

Lower-cost, higher-capacity SA manganese export route needed – BHP Billiton 

By: Martin Creamer     25th August 2009 A lower-cost, higher-capacity manganese export route is needed to allow South Africa to compete, says BHP Billiton CEO Marius Kloppers. "We basically have a logistical constraint, which prevents South Africa from taking market share from other producers," Kloppers tells Mining Weekly Online. 

Sephaku makes debut on Johannesburg bourse  

By: Esmarie Iannucci     21st August 2009 Black economic-empowerment mineral development and exploration company Sephaku Holdings, which is developing a cement project in the North West province, on Friday listed on the JSE main board. CEO Neil Crafford-Lazarus said at the listing function at the JSE, that the company had listed... 

Daily podcast - August 21, 2009 

By: Jonathan Faurie     21st August 2009 BHP Billiton CEO Marius Kloppers reported this week that Iron-ore pricing is heading towards greater transparency, JSE-listed diversified miner Exxaro has cut R1-billion off its planned R3-billion 2009 capital expenditure programme 

Iron-ore pricing heading towards greater transparency - BHP Billiton 

By: Martin Creamer     20th August 2009 Iron-ore pricing is heading towards greater transparency, BHP Billiton CEO Marius Kloppers said on Thursday. Kloppers told journalists in Johannesburg that steel-pricing dynamics had changed towards shorter contracts. 

Exxaro cuts R1bn capex, secures R4,5bn bridging facility for Medupi 

By: Martin Creamer     20th August 2009 JSE-listed diversified miner Exxaro has cut R1-billion off its planned R3-billion 2009 capital expenditure (capex) to take the total anticipated capex for the year to R2-billion. The company, which increased revenue 23% to R7,1-billion in the half-year to June 30, also secured a R4,5-billion... 

Waterberg-Mpumalanga rail needed to ensure SA's energy security - Exxaro 

By: Martin Creamer     20th August 2009 Coal would in time need to be railed from the emerging Waterberg coalfield to power stations in the depleting Witbank coalfield to ensure South Africa's energy security, diversified resources company Exxaro executives said on Thursday. At a media roundtable after Exxaro reported an 8%-higher... 

Daily podcast - August 20, 2009 

By: Amy Witherden     20th August 2009 In today's podcast, Simmers may close more shafts to stop "cash bleed"; and Exxaro Resources reports interim headline earnings of R1,4-billion. 

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