R/€ = 17.08 Change: -0.06
R/$ = 16.98 Change: -0.11
Au 1751.47 $/oz Change: -11.57
Pt 898.00 $/oz Change: -22.50

Latest Videos

AngloGold plans new uranium plant as income from energy mineral lifts 225% 

By: Martin Creamer     15th May 2009 Gold major AngloGold Ashanti, which saw a 225% increase in income from uranium sales in the quarter to March, was planning a new R1-billion-plus uranium expansion at the Kopanang mine to take production to more than two-million pounds a year, AngloGold Ashanti CEO Mark Cutifani said on Friday.... 

Daily podcast – May 15, 2009 

By: Jonathan Faurie     15th May 2009 In today's podcast: Australia appears to be put under pressure to clear the stalled Rio Tinto-Chinalco transaction; and South Africa's mining output figures are still not looking good, but some sort of a base is starting to build. 

Gold’s having a rebirth, will rise above $1 000/oz – AngloGold Ashanti  

By: Martin Creamer     15th May 2009 Gold was having a rebirth and its price would rise above the $1 000/oz mark next year, AngloGold Ashanti CEO Mark Cutifani said on Friday. After presenting “milestone” first-quarter (Q1) 2009 results, Cutifani said that “strong earnings leverage” was beginning to emerge operationally, despite... 

Samda, Jipsa accelerating the training of much-needed professionals 

By: Jonathan Faurie     15th May 2009 The South African Mining Development Association (Samda) has identified key areas where it says skills development should be fast-tracked. 

Daily podcast – May 14, 2009 

14th May 2009 In today's podcast: 4 200 Pamodzi Gold East Rand workers go on strike; and the overall world economic recovery would be slow and protracted and a sharp rebound wasn't anticipated. 

Daily podcast – May 13, 2009 

By: Shannon de Ryhove     13th May 2009 In today's podcast: South Africa's Chamber of Mines confirms that wage negotiations in the coal and gold sectors will start next week; and US metallurgical coal supplier Alpha Natural Resources agrees to buy Maryland-based rival Foundation Coal for about $1,4-billion in shares. 

Blue diamond fetching record $9m removes some diamond-industry ‘blues’ 

By: Martin Creamer     13th May 2009 Some of the “blues” have been taken out of the stricken diamond industry as a result of up-and-coming London Aim-listed Petra Diamonds managing to sell a stunning blue diamond from the Cullinan mine outside Pretoria for a record $9,4-million, the highest auction price ever for a fancy vivid blue.  

Daily podcast – May 12, 2009 

By: Shannon de Ryhove     12th May 2009 In today's podcast: South Africa's new Mining Minister will focus on enforcing safety measures to curb mining deaths; and AngloGold Ashanti announces that a miner was killed in a fall of ground accident at its Kopanang mine. 

Barloworld still sees strong equipment demand from mining sector 

By: Chanel de Bruyn     11th May 2009 The Southern African equipment division of JSE-listed diversified industrial group Barloworld would, in 2009, sell 90% of the number of machines it had sold into the mining industry in 2008, despite the slowdown in that sector. Barloworld CEO Clive Thomson told shareholders that this was... 

Daily podcast – May 11, 2009 

By: Shannon de Ryhove     11th May 2009 In today's podcast: Metorex will complete an updated resource model, mine design and schedule for its flagship Ruashi mine by mid-August; and Vale declares force majeure on iron ore it was contracted to deliver on the domestic market after flooding on a key train line. 

Daily podcast – May 8, 2009 

By: Darren Parker     8th May 2009 In today's podcast: Zambia selects Chinese firm NFC Africa as the new investor to run the closed Luanshya Copper Mines; and Gold Fields promises that the poorly-performing Beatrix gold mine will be back over the 100 000 oz a quarter mark in the future. 

Cash-flush, dividend-mulling Harmony Gold looks to 2,2m oz a year 

By: Martin Creamer     8th May 2009 After succeeding in reversing five years of losses and hearing the sound of cash in the till, an upbeat Harmony Gold CEO Graham Briggs spoke on Friday of the company’s ramp up towards the production of 2,2-million ounces of gold a year post 2012, as well as the possibility of paying a... 

Scrap comes to the platinum sector’s rescue 

By: Jonathan Faurie     8th May 2009 Where would the platinum sector be without scrap? As a sector worst hit by the global financial crisis, diversified market analysis company Gold Fields Mineral Services (GFMS) reported that the it would have been worse off at the end of last year if it wasn’t for scrap. 

Minerals processor’s project pipeline comes to sudden end as Angloplat curtails capital spend 

By: Loni Prinsloo     8th May 2009 The project pipeline and workload for Vhumbanani Projects has come to an sudden end as a result of mining major Anglo Platinum’s decision to curtail its capital spend. 

Slumping Beatrix will be back, Gold Fields promises 

By: Martin Creamer     7th May 2009 The poorly-performing Beatrix gold mine in the Free State would be back over the 100 000 oz a quarter mark in the future, Gold Fields CEO Nick Holland promised of the group’s problem child whose production slumped 25% in the March quarter. Holland pointed out that Beatrix represented a “very... 

Free-flowing cash, best-ever safety, higher production, lower costs – Gold Fields 

By: Martin Creamer     7th May 2009 South African gold-mining major Gold Fields put R1,4-billion of free, unencumbered cash into the till in the March quarter, achieved its best-ever safety performance, fixed production on a firm upward trajectory and cut costs by 2%, Nick Holland, who celebrated his first full year as Gold Fields... 

Daily podcast – May 7, 2009 

By: Shannon de Ryhove     7th May 2009 In today's podcast: Rio Tinto hasn't talked to Chinalco about revising a planned $19,5-billion tie-up; and Australian companies will embark on exploration work on a uranium project in Namibia. 

Daily podcast – May 6, 2009 

By: Shannon de Ryhove     6th May 2009 In today's podcast: Chinese iron-ore imports hit a new record high for the third consecutive month in April; and Foundation Coal lowers its guidance for coal shipments this year and in 2010. 

Daily podcast – May 5, 2009 

By: Shannon de Ryhove     5th May 2009 In today's podcast: Sekunjalo Investments, along with high net-worth Middle Eastern families, bid 150-million-dollars for the provisionally liquidated Pamodzi Gold; and Teck Resources intends to launch an offering of senior secured notes, and will use the proceeds to repay borrowings under its... 

Daily podcast – May 4, 2009 

By: Shannon de Ryhove     4th May 2009 In today's podcast: production at AngloGold Ashanti's Great Noligwa mine, near Orkney, in South Africa's Free State province, resumes; and Cameco increases its spot-market purchases of uranium. 

The art of good training 

By: Lindsey Berry     1st May 2009 The new efficacy programme introduced by the Further Education Training Colleges (FETC) Act of 2006 means that learners have to spend longer in colleges than required by the previous programme. Chamber of Mines skills development adviser Vusi Mabena tells Mining Weekly that this has brought about... 

$1bn Lumwana copper project raises Zambian hopes of resuscitating its economy 

By: Jonathan Faurie     1st May 2009 Zambia, once viewed as a Central African economic power house, wants to reclaim some of its former glory as Africa's biggest greenfield copper project, Lumwana, is commissioned. 

Daily podcast – April 30, 2009 

By: Christy van der Merwe     30th April 2009 In today's podcast: global gold production from mines would continue to decline; and Guinea risks jeopardising the mining investments that form the backbone of its economy if it doesn't reassure companies that their contracts are secure. 

Rockwell at premeltdown diamond output with fewer mines, lower costs 

By: Martin Creamer     29th April 2009 A leaner TSX- and JSE-listed Rockwell Diamonds was almost back to premeltdown diamond production levels, but with one mine fewer and costs down at $3/t, Rockwell Diamonds CEO Dr John Bristow said on Wednesday. Bristow – who reiterated his company’s intention to embark on a capital-raising... 

Daily podcast – April 29, 2009 

By: Shannon de Ryhove     29th April 2009 In today's podcast: R5-million said by government to have been paid over to Pamodzi Gold to solve its rising water problem is missing; and the Mozambican government grants Riversdale Mining a mining contract for its Benga coal project. 

Daily podcast – April 28, 2009 

By: Shannon de Ryhove     28th April 2009 In today's podcast: the Pamodzi Gold East Rand mine has a few hours of pumping left; and Cuba will proceed with plans to build a ferronickel plant with its ally Venezuela. 

Low-cost surface operations closing high-cost ERPM gap – DRDGold 

By: Martin Creamer     24th April 2009 Low-cost gold production from surface material was starting to fill the gap left by the closure of the high-cost East Rand Proprietary Mines (ERPM) underground operations, DRDGold CEO Niël Pretorius said on Friday. The company had R545-million in cash or cash equivalents and had maintained a... 

Daily podcast – April 24, 2009 

By: Brindaveni Naidoo     24th April 2009 In today's podcast: Solidarity submits a proposal to the Chamber of Mines for an above-inflation wage increase for gold and coal miners; and fertiliser producer Potash Corporation is prepared to further reduce its potash production levels. 

Daily podcast – April 23, 2009 

By: Shannon de Ryhove     23rd April 2009 In today's podcast: BHP Billiton achieves the first coal to run-of-mine stockpile at South Africa's Klipspruit energy-coal project; and Centerra Gold makes significant progress in talks with the government of Kyrgyzstan on an investment agreement for the company's Kumtor mine. 

Daily podcast – April 21, 2009 

By: Shannon de Ryhove     21st April 2009 In today's podcast: strong demand enables diversified mining major Anglo American to increase its convertible-bond offering by $200-million; and Simmer & Jack reports that the acquisition of the Tau Lekoa mine and the sale of 19,6-million shares in Canada's First Uranium, will increase its basic... 

Daily podcast – April 20, 2009 

By: Shannon de Ryhove     20th April 2009 In today's podcast: the Chinese government should postpone its plan to increase resource tax; and a mineworker dies at AngloGold Ashanti's Moab Khotsong mine, near Klerksdorp, in South Africa. 

Daily podcast – April 17, 2009 

By: Beth Shirley     17th April 2009 In today's podcast: An investment of between R90-billion and R110-billion may be required to build the 40 new coal mines for the South African industry; and the Democratic Republic of Congo rejects contract revisions proposed by six of the biggest mining firms. 

Daily podcast – April 16, 2009 

By: Shannon de Ryhove     16th April 2009 In today's podcast: Anglo American announces fresh details relating to its intention to offer $1,5-billion in convertible bonds; and De Beers begins to see signs of improvement in the market. 

Daily podcast – April 15, 2009 

By: Shannon de Ryhove     15th April 2009 In today's podcast: JIC Mining Services takes immediate steps to bring Pamodzi Gold's Orkney gold mine out of care-and-maintenance and back into production; and Central African Mining and Exploration resumes copper production at its Luita operation in the Democratic Republic of Congo. 

JIC to bring Pamodzi gold mine back, restore 1 200 jobs immediately  

By: Martin Creamer     14th April 2009 Contract mining company JIC Mining Services of Midrand is taking immediate steps to bring Pamodzi Gold's Orkney gold mine out of care-and-maintenance and back into production, initially restoring 1 200 jobs and later all 2 800. Liquidator Enver Motala of SBT Trust said that production would take... 

Daily podcast – April 14, 2009 

By: Amy Witherden     14th April 2009 In today's podcast: China's iron ore imports surged in February and March because of "fake demand"; and Alaskan opposition to Anglo American's Pebble project intensified when six UK jewellers joined the fray in London. 

Women fight for inclusion in BEE model 

By: Philippa Levenberg     10th April 2009 The empowerment of women in the mining sector is espoused by legislation. The Mining Charter, which outlines broad-based socioeconomic empowerment targets for the South African mining industry, states that stakeholders should aspire to a baseline of 10% women participation by 2009. This is,... 

R1bn in liquid assets remains locked up as JCI/R&E merger is voted down 

By: Martin Creamer     9th April 2009 Shareholders on Thursday voted down the formal merging of the mining companies JCI and Randgold & Exploration (R&E) – but informal negotiations are poised to continue in order to reach a new settlement that has the potential to unlock R1-billion in liquid assets alone, at a time of liquidity... 

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