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R/$ = 17.99 Change: 0.10
Au 1631.55 $/oz Change: -12.53
Pt 857.50 $/oz Change: -3.50

Latest Videos

Cash-hit majors should revert to listing standalone mines – Ernst & Young  

By: Martin Creamer     20th July 2009 Cash-constrained diversified mining majors with frozen mine projects should revert to the once-common mining-house practice of floating off standalone mines on stock exchanges and raising cash for their developments as equity, says Ernst & Young global mining director Dr Tim Williams. Williams,... 

Daily podcast – July 20, 2009 

By: Shannon de Ryhove     20th July 2009 In today's podcast: labour unions prepare for a potential strike in the gold sector; and Australia's Newcastle port notifies producers of its plans to cut total shipping quotas by one-million tons for the rest of the third quarter. 

Daily podcast – July 17, 2009 

By: Shannon de Ryhove     17th July 2009 In today's podcast: Gindalbie Metals remains confident that it will secure the necessary approvals to gain full access to the Karara joint venture site; and Rangold Resources' Tongon project is on track for first production in the fourth quarter of 2010. 

Daily podcast – July 16, 2009 

By: Shannon de Ryhove     16th July 2009 In today's podcast: the US commerce secretary plans to bring up "fair treatment" for employees of foreign companies in meetings with Chinese officials; and gold equities are likely to significantly outperform the gold price in the second half of 2009. 

Daily podcast – July 15, 2009 

By: Shannon de Ryhove     15th July 2009 In today's podcast: there are great signs of a recovery in the mining sector; and talk of the nationalisation of South Africa's mining industry was sending shivers down the spines of investors. 

Daily podcast – July 14, 2009 

By: Shannon de Ryhove     14th July 2009 In today's podcast: Chinese investigators have questioned executives at several steel mills in a widening probe of alleged leaks of state secrets to Australian iron ore supplier Rio Tinto; and Aquarius will spend R250-million to prepare the reopening of its Everest mine, in South Africa. 

Daily podcast – July 13, 2009 

By: Shannon de Ryhove     13th July 2009 In today's podcast: platinum-miner Eastern Platinum has terminated the contracts of two contract mining companies working at its Crocodile River mine; and Australia warns China of the risks to business confidence from the detention without charge of an Australian executive accused of stealing... 

Daily podcast – July 10, 2009 

By: Creamer Media Reporter      10th July 2009 In today's podcast: contract workers at Eastern Platinum's Crocodile River Mine, hold five supervisory staff members hostage underground; and Chinese security officials accuse four detained staff of Anglo-Australian miner Rio Tinto of bribery. 

Gold-mining major hosts 
mining-themed exhibition  

By: Loni Prinsloo     10th July 2009 The first exhibition, featuring mineshaft winding gear, has opened at the Gold of Africa Museum’s new galleryat AngloGold Ashanti headquarters. 

ANC youth on nationalisation of mines 

9th July 2009 ANC Youth League spokesperson Floyd Shivambu commenting on the Minister of Minera Resources Susan Shabangu's rejection of the nationalisation of mines proposal.  

Daily podcast – July 9, 2009 

By: Shannon de Ryhove     9th July 2009 In today's podcast: Camec says a bankable feasibility study at the Bokai platinum prospect, in Zimbabwe, will be completed by September; and South Africa's mining output declined by 14,5% year-on-year in May. 

Daily podcast – July 8, 2009 

By: Shannon de Ryhove     8th July 2009 In today's podcast: Merafe Resources announces that it's recommissioning several furnaces in response to strengthening global demand for ferrochrome; and underground trial mining at junior gold-miner Central Rand Gold's Consolidated Main Reef tenement will start in August. 

Daily podcast – July 7, 2009 

By: Shannon de Ryhove     7th July 2009 In today's podcast: Anglo Platinum has unveiled a pioneering clean-energy fuel-cell power plant that uses coal-bed methane gas from group company Anglo Coal; and Petra Diamonds has achieved its stated objective of increasing annual production to over one-million carats. 

Daily podcast - July 6, 2009 

By: Amy Witherden     6th July 2009 In today's podcast, Central African Mining & Exploration Company enters into a long-term sales agreement with China's Zhejiang Galico Cobalt & Nickel Materials; and the board of Anglo American may consider a merger proposal from Xstrata at a price that recognises Anglo's top-tier assets. 

New low-cost Tanzanian nickel mine by 2012 – African Eagle 

By: Martin Creamer     3rd July 2009 The major nickel discovery at Dutwa in Tanzania was poised to eventuate into a low-cost mine by 2012 when some analysts were forecasting a nickel price of $8/lb, African Eagle operations director Chris Davies said at the weekend. Davies told Mining Weekly Online that the economic viability of... 

Daily podcast - July 3, 2009 

By: Amy Witherden     3rd July 2009 In today's podcast, South Africa needs a clear coal strategy to meet its future electricity needs; and Zimbabwe appeals to Chinese firms to invest in its mines.  

Mining sector hard hit by 
global economic squeeze 

By: Loni Prinsloo     3rd July 2009 The reigning global recession and credit crunch are exerting heavy pressure on the country’s mining industry, its key export earner, says Industrial Development Corporation (IDC) strategic business unit head Abel Malinga. 

Daily podcast - July 2, 2009 

By: Amy Witherden     2nd July 2009 In today's podcast, the ANC dismisses a call from the party's youth wing to nationalise the country's mining and manufacturing industries; Harmony Gold is in a position to give the provisionally liquidated Pamodzi Gold Free State a life of more than ten years. 

‘Don’t panic’ says exposed, unhedged Harmony on rand gold price slump 

By: Martin Creamer     2nd July 2009 The strengthening South African currency is decimating the price of gold in rand terms, at a time of rising energy costs and robust wage demands. “But, the important thing is not to panic,” says Harmony Gold CEO Graham Briggs, whose totally unhedged gold-mining company is currently still fully... 

Harmony Gold can give Pamodzi Free State ten-year-plus life – CEO 

By: Martin Creamer     1st July 2009 The world’s fifth-largest gold-mining company Harmony Gold was in a position to give the provisionally liquidated Pamodzi Gold Free State a life of ten years plus, Harmony CEO Graham Briggs told Mining Weekly Online on Wednesday. Briggs said that what was needed in the Welkom area was long-term... 

Daily podcast - July 1, 2009 

By: Amy Witherden     1st July 2009 In today's podcast, PwC says that mining companies have some difficult decisions to make if they are to reduce costs and protect margins in the prevailing economic environment; and China's steel industry is willing to accept term iron-ore prices from global miners slightly below those offered to... 

Wescoal posts big jump in FY earnings 

By: Esmarie Iannucci     30th June 2009 JSE-listed coal producer Wescoal on Tuesday reported an almost 48% increase in headline earnings for the 2009 financial year. The company reported that headline earnings had risen to R17,9-million. Gross profit for the year increased to R56,3-million, compared with the R34,1-million recorded in... 

Daily podcast - June 30, 2009 

By: Amy Witherden     30th June 2009 In today's podcast, Sylvania Resources propose a R2,9-billion merger with Ruukki of Finland, and Xstrata ays that "nil-premium" mergers may not be possible without the cooperation of the intended partner. 

Daily podcast - June 29, 2009 

By: Amy Witherden     29th June 2009 In today's podcast, Anglo American builds its defences against a £41-billion merger approach from Xstrata by planning talks about a major Chinese investment; and Harmony Gold says that the mining assets of the provisionally liquidated Pamodzi Gold Free State have the potential to add 150 000 oz/y... 

Daily podcast – June 26, 2009 

By: Mariaan Webb     26th June 2009 In today's podcast: the interim increase in electricity tariffs would add an additional R2-billion in costs to the South African mining industry; and about four Indonesian investors are interested in taking over a coal project owned by BHP Billiton. 

SA regulator to probe power utility’s primary energy costs 

By: Chanel de Bruyn     25th June 2009 The National Energy Regulator of South Africa (Nersa) would conduct an investigation into Eskom’s primary energy costs, and specifically the cost of coal, to establish the “prudence of the costs”, chairperson Collin Matjila reported on Thursday. This comes as respondents to Eskom’s latest 34%... 

Daily podcast – June 25, 2009 

By: Shannon de Ryhove     25th June 2009 In today's podcast: Xstrata publishes an open letter in which it set out its rationale for an all-share merger of equals with Anglo American; and Lonmin's metal in process could increase by as much as 20 000 oz of platinum by September. 

Daily podcast – June 24, 2009 

By: Shannon de Ryhove     24th June 2009 In today's podcast: Xstrata has strong institutional shareholder backing for its merger proposal; and new Mining Minister Susan Shabangu says that illegal mining is a commercial crime and has to be dealt with as such. 

Daily podcast – June 23, 2009 

By: Shannon de Ryhove     23rd June 2009 In today's podcast: the board of Anglo American unanimously rejects a proposal from rival Xstrata Plc that the companies consider a "merger of equals"; and Morgan Tsvangirai says that Zimbabwe is reviewing its indiginisation law. 

Daily podcast – June 22, 2009 

By: Shannon de Ryhove     22nd June 2009 In today's podcast: mining giant Xstrata wants talks with mining rival Anglo American about a proposed merger of equals worth about $68-billion; and Gold Fields' Driefontein mine, near Carletonville, remains closed following the death of two employees at the weekend. 

Daily podcast – June 19, 2009 

By: Shannon de Ryhove     19th June 2009 In today's podcast: Simmer & Jack's offer for struggling gold mining company Pamodzi's Orkney operations has lapsed; and Shanduka Gold exchanges its 26% shareholding in the Barberton Mines for a 21% stake in junior mining company Pan African Resources. 

Long shipping distance, limited rail capacity cited as snags to SA coal exports to Asia-Pacific Rim 

By: Loni Prinsloo     19th June 2009 There is significant opportunity for South Africa’s coal industry to export to the Asia-Pacific Rim countries, and especially to India, if the country is able to provide the quantities and qualities required, Wood Mackenzie consultant Xavier Prevost said at the Geological Society of South... 

Preventing machine failure through laser shaft alignment equipment 

By: Kelly Farthing     19th June 2009 Vibration monitoring and laser shaft alignment technology is being supplied by machine condition monitoring systems company Engineering Dynamics (ED) to several mines around South Africa to prevent machine failure. 

Simmers reports FY profit, output up 

By: Esmarie Iannucci     18th June 2009 Gold and uranium producer Simmer & Jack (Simmers) has reported a profit for the 2009 financial year on the back of higher output and a strong gold price. The South African miner said on Thursday that gross profit had jumped to R91,8-million, from a loss of R60-million in the 2008 financial year.... 

Daily podcast – June 18, 2009 

By: Shannon de Ryhove     18th June 2009 In today's podcast: Shareholders in Rockwell Diamonds vote down a proposal by Pala Investments Holdings to remove the board of directors; and facilitation in the Chamber of Mines' 2009 gold wage negotiations with labour unions starts. 

Daily podcast – June 17, 2009 

By: Shannon de Ryhove     17th June 2009 In today's podcast: Rio Tinto's and BHP Billiton's proposed iron-ore joint venture has "a strong monopolistic flavour"; and International Gold Exploration sells its 50% stake in a Kenyan gold project to its joint venture partner Goldplat. 

Daily podcast – June 15, 2009 

By: Shannon de Ryhove     15th June 2009 In today's podcast: the Minerals Resources Authority of Mongolia has suspended the main operating licences for Centerra Gold's Boroo mine; and MDM Engineering starts with the front-end engineering design phase of the Kalagadi Manganese Umtu sinter plant project. 

Daily podcast – June 12, 2009 

By: Creamer Media Reporter      12th June 2009 In today's podcast: NUM warns that a strike in South Africa's gold mining sector was imminent; and Australia's government gives cautious support for BHP Billiton's and Rio Tinto's planned iron ore joint venture. 

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