R/€ = 19.9715 Change: 0.0110
R/$ = 18.5445 Change: 0.0286
Au 1940.23 $/oz Change: -38.55
Pt 972.21 $/oz Change: -11.90

Latest Videos

'Prohibitive' power cost hobbling smelters – ARM 

By: Martin Creamer     27th February 2013 The “prohibitive” increasing cost of South African electricity in the powering of smelters remains a major concern, says African Rainbow Minerals (ARM) CEO Mike Schmidt. Responding to questions following ARM’s reporting of 30%-lower earnings in the six months to December 31, Schmidt said that... 

Unaffordable pay will destroy industry’s future – Motsepe 

By: Martin Creamer     27th February 2013 The paying of unaffordable wages and salaries will destroy the future of the South African mining industry, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe has reiterated. Responding to Mining Weekly Online following ARM’s reporting of 30%-lower earnings in the six months to... 

SA must instil new confidence in global investors – Motsepe  

By: Martin Creamer     26th February 2013 South Africa would benefit greatly if it succeeded in instilling new confidence in the global investment community, African Rainbow Minerals (ARM) executive chairperson Patrice Motsepe said on Tuesday. Answering questions after the JSE-listed ARM presented a 30% fall in headline earnings to... 

Negative sentiment on SA ‘significantly overblown’ – Cutifani  

By: Martin Creamer     20th February 2013 The negative sentiment on South African had been “significantly overblown” at a time when the right things were being done, outgoing AngloGold Ashanti CEO Mark Cutifani said on Wednesday. After delivering his last set of AngloGold Ashanti results for 2012 – the company’s second-highest ever... 

R4bn more will set South Deep up for 50 years – Gold Fields 

By: Martin Creamer     18th February 2013 The planned investment of R4-billion more in the giant South Deep gold project will set the mine up for 50 to 60 years of ongoing operation, Gold Fields CEO Nick Holland says. The fully mechanised 3 500-employee South Deep is the only remaining South African asset of Gold Fields after the hive... 

Ramphele enters political fray, plans to contest 2014 elections  

By: Shannon de Ryhove     18th February 2013 Author, activist and businessperson Dr Mamphela Ramphele on Monday announced her intention to form a party political platform for all South Africans that “will focus on rekindling the hope that building the country of our dreams is possible in our lifetime”. “The initiative is being launched... 

Industry still not clear about mining tax direction after Mangaung conference 

By: Leandi Kolver     15th February 2013 Mining is a capital-intensive, long-term and high-risk business and international research shows that, after geology, policy certainty and predictability is the most important issue for mining companies planning any investment, South African law firm Webber Wentzel head of African mining and... 

Gold Fields South African production now down to 13% – CEO 

By: Martin Creamer     14th February 2013 Production from South Africa is now down to 13% of its total production, Gold Fields CEO Nick Holland said on Thursday. Prior to Gold Fields’ the unbundling out of the company of its labour-intensive narrow-reef mines, South African production made up close to half of total production. 

Pan African shifts focus away from acquisitions 

By: Natasha Odendaal     13th February 2013 As precious metals miner Pan African Resources wrapped up its latest acquisition, the Evander operations from gold miner Harmony, the JSE- and Aim-listed company plans to shift its focus to developing its portfolio of operations. CEO Jan Nelson said on Tuesday that Pan African would not pursue... 

Pan African interim earnings lower amid cost pressures 

By: Natasha Odendaal     13th February 2013 Precious metals miner Pan African Resources on Tuesday reported lower earnings for the six months to December 2012. Basic and headline earnings a share fell by 4.6% from R12.06 in the six-month period to December 31, 2011, to R11.50 in the period under review.  

Sishen ramp-up equal to 'another Kolomela in one year' – Kumba Iron Ore 

By: Martin Creamer     12th February 2013 The waste ramp-up project planned at the Sishen iron-ore mine in the Northern Cape, which last year's unprotected strike interrupted, had the potential to deliver the equivalent of "another Kolomela mine" in just one year, Kumba Iron Ore CEO Norman Mbazima said on Tuesday. Kolomela is Kumba’s... 

No need to go deeper to grow Sibanye Gold – CEO 

By: Martin Creamer     11th February 2013 The newly listed, proudly-South African Sibanye Gold, unbundled out of Gold Fields, did not have to go deeper to grow the business, its CEO Neal Froneman said on Monday. The 45 000-employee company, which was targeting 1.4-million ounces of gold production in 2013, expected free cash flow of... 

N Cape iron-ore drilling campaign at advanced stage - Mittal 

By: Terence Creamer     6th February 2013 Steel producer ArcelorMittal South Africa is moving ahead with iron-ore exploration on three Northern Cape farms in the coming few months and expects to be in a position to provide a reserve estimate in the coming months. The company, which is seeking to diversify supply sources and close a... 

Mittal cuts capacity as power surges, takes buy-back knock 

By: Terence Creamer     6th February 2013 JSE-listed steel producer ArcelorMittal South Africa (Mittal) has again warned that further sharp increases in South Africa’s electricity prices could be “catastrophic” for both its operations, as well as the downstream industries that it supplies. Speaking following the release of 2012 results,... 

Business has a right to profit – Griffith 

By: Natalie Greve     4th February 2013 Anglo American Platinum (Amplats) CEO Chris Griffith told Mining Weekly Online that, while he acknowledges the pressures on government and labour, a private business should be allowed to operate in a manner that would allow it to realise a profit. “While we have to have the right, as a company,... 

Bakubung ‘absolutely viable’ despite challenging market – COO 

By: Idéle Esterhuizen     30th January 2013 JSE-listed Wesiswe Platinum’s new COO Paul Smith said he had confidence in the viability of the company’s flagship Bakubung platinum project, in the North West province, despite the volatile nature of South Africa’s platinum sector. South African platinum producers were currently faced with... 

Discounted iron-ore would give local manufacturing the edge 

By: Leandi Kolver     25th January 2013 South Africa will not have a competitive advantage, unless it offers a discounted price for key inputs, such as steel, to the local manufacturing sector, Department of Trade and Industry (DTI) acting deputy director-general responsible for industrial development Garth Strachan says. This is... 

Labour law, JSE regulations narrowed consultation with govt – Amplats  

By: Martin Creamer     17th January 2013 Labour law and the regulations of the Johannesburg Stock Exchange (JSE) prevented Anglo American Platinum (Amplats) from making full disclosure to government of the details of its now-controversial platinum review plan ahead of the formal public announcement. Amplats did consult with the... 

Quadrupled recycled platinum supply hobbling mining – Amplats 

By: Martin Creamer     16th January 2013 A significant increase in the supply of platinum from recycling, a strong fall in demand for autocatalysts and price-elastic Chinese jewellery demand are combining to hobble the platinum mining industry. Anglo American Platinum (Amplats) CEO Chris Griffith tells Mining Weekly Online in the... 

Amplats offers new non-mining job for every mining job lost  

By: Martin Creamer     15th January 2013 Anglo American Platinum (Amplats), which is setting out to create at least one new non-mining job for every mining job lost in its proposed downsizing, saw its own share price and the global platinum price rise after announcing the most far-reaching restructuring of its 58-year history, which... 

Diamond market sentiment 'cautiously positive' – Rockwell 

By: Martin Creamer     11th January 2013 Diamond market sentiment is currently “cautiously positive”, Rockwell Diamond CEO James Campbell told Mining Weekly Online in a video interview to mark the alluvial diamond miner’s presentation of third-quarter results. Early indications are that diamond sales in North America over the Christmas... 

Harmony keeps Kusasalethu shut, hopes to resume production by July  

By: Natasha Odendaal     7th January 2013 South Africa’s third-largest gold producer Harmony Gold on Monday said its Kusasalethu gold mine would remain closed until it was able to operate safely and profitably. The company last week delayed the post-festive-season reopening of the Carletonville-based mine to review its financial and... 

Eskom looking to buy billion tons coal from emerging black miners  

By: Martin Creamer     10th December 2012 The issuing of Eskom’s request for information (RFI) for coal supply from emerging black miners was imminent, the State utility said on Monday. Public Enterprises Minister Malusi Gigaba kicked off the electricity generator’s strategy of integrating emerging miners – defined as those with a... 

Kalagadi Manganese launches Northern Cape sinter plant 

By: Megan van Wyngaardt     6th December 2012 South Africa’s first manganese mine to be owned by a black woman, Kalagadi Manganese, officially opened its sinter plant near Hotazel, in the Northern Cape, on Thursday. With the launch of the 2.4-million-ton-a-year sinter plant – said to be the world’s largest – Kalagadi owner Daphne... 

SA’s platinum supply to hit 11-year low in 2012 

By: Idéle Esterhuizen     13th November 2012 Platinum supply from the world’s largest producer of the metal, South Africa, is expected to fall to its lowest level in more than a decade, dropping by 12% to 4.25-million ounces in 2012, the latest Johnson Matthey platinum report has revealed. In its ‘Platinum 2012 Interim Review’, Johnson... 

Gold has rewarded State, shareholders equally over 60 years, data shows  

By: Martin Creamer     26th September 2012 South Africa’s gold tax formula has rewarded the State and mine shareholders in equal measure, data covering a period of 60 years shows. South African gold-mining figures from 1951 to 2011 show that the government has received the same percentage of gold-mining revenue in tax as investors have... 

Mining sector needs more alcohol education  

By: Sashnee Moodley     21st September 2012 Mining companies need to continue educating their employees about the dangers of alcohol consumption before or during work hours, as many are not aware of or do not appreciate the safety risks this might pose for themselves, their colleagues and their employers, urges alcohol testing equipment... 

Fuzzy social obligations rendering SA less competitive than Australia  

By: Martin Creamer     28th August 2012 High Australia-level mining taxes are preferable to the fuzzy indeterminable social obligations imposed on South African mining companies. That is the view of JSE- and NYSE-listed DRDGold CEO Niël Pretorius, who was speaking during question time after DRDGold reported a 53% increase in operating... 

Creamer Media launches revamped Research Channel Africa 

By: Research Author      17th August 2012 South African-based media group Creamer Media has relaunched its Research Channel Africa website with an enhanced search function, ensuring greater quality results. 

Gilbertson ‘very, very bullish’ on platinum-group metals  

By: Martin Creamer     2nd April 2012 Mining industry doyen Brian Gilbertson, who has been involved in several landmark industry-making investments, foresees South Africa’s platinum endowment as providing the potential for yet another industry-making surge. Besides the outlook of growing demand and struggling supply, there is a... 

South African mining industry’s 2013 zero-harm attainment unlikely – social scientist  

By: Martin Creamer     3rd September 2010 South Africa’s mining industry has committed itself to reducing the vast majority of accidents and certainly deaths by 2013. The CEOs of more than 30 companies determined that 2013 will be the year in which South Africa’s mine safety will be on a par with the mine safety in industrialised... 

SA’s golden era as one of world’s top gold producers ending 

By: Matthew Hill     31st January 2008 South Africa’s gold mining production could drop to levels below the 200 t mark this year, levels last seen about 100 years ago, owing to the power crisis that is set to plague it deep into the year. This information came after reports that China swiped South Africa’s long-held title... 

On-The-Air (06/04/2007) 

By: Martin Creamer     6th April 2007 In this broadcast: SA has history & mind-set to lead world's third uranium renaissance according to experts; SA's competition authorities sharpened their literary pens; 

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