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R/€ = 17.9606 Change: 0.4149
R/$ = 17.2589 Change: 0.2575
Au 1769.44 $/oz Change: 19.63
Pt 1037.88 $/oz Change: 31.88
 

Latest Videos

Daily podcast – June 3, 2009 

By: Shannon de Ryhove     3rd June 2009 In today's podcast: production at AngloGold Ashanti's Moab Khotsong mine, in the Free State, resumes; and the bodies of another 25 illegal miners have been brought to surface at South African gold-miner Harmony Gold's Elands shaft in the Free State province. 

Market cap of world’s top mining firms plunged in ’08 – report  

By: Esmarie Iannucci     2nd June 2009 The market capitalisation of the world’s top 40 mining companies had dropped by 62% in 2008, as commodity prices slumped and the global economic crisis impacted on shareholder confidence, PricewaterhouseCoopers (PwC) reported on Tuesday. In its sixth edition of ‘Mine’ - an annual report... 

Illegal miners death toll at Harmony shaft reaches 61  

By: Mariaan Webb     2nd June 2009 The bodies of another 25 illegal miners have been brought to surface at South African gold-miner Harmony Gold’s Elands shaft in the Free State province. Spokesperson Marian van der Walt said on Tuesday that the total number of dead illegal miners had now risen to 61, adding that it was uncertain... 

Daily podcast – June 2, 2009 

By: Shannon de Ryhove     2nd June 2009 In today's podcast: Chinese steel mills are to offer a new proposal in benchmark iron ore price talks; and criminal charges have been laid against 294 illegal miners at one of South African gold major Harmony Gold's old shafts. 

Daily podcast – June 1, 2009 

By: Shannon de Ryhove     1st June 2009 In today's podcast: the Zimbabwe government says it will soon impose a law to ban the export of raw chrome; and  

Daily podcast – May 29, 2009 

By: Philippa Levenberg     29th May 2009 In today's podcast: diamond prices and sales appear to be stabilising; and South African mineworkers would face even harsher times over in the coming months as job losses were expected to accelerate in the next quarter. 

SA mining sector expected to shed more jobs 

By: Esmarie Iannucci     28th May 2009 South African mineworkers would face even harsher times over in the coming months as job losses were expected to accelerate in the next quarter, the Congress of South African Trade Unions (Cosatu) general secretary Zwelinzima Vavi warned on Thursday. Vavi, who was speaking at a National Union of... 

Daily podcast – May 28, 2009 

By: Shannon de Ryhove     28th May 2009 In today's podcast: Fortescue Metals Group says Chinese steel mills are unlikely to get a better deal for iron-ore purchases than the 33% reduction agreed by rivals; and the settlement between Rio Tinto and Japanese steelmakers to cut iron-ore prices by one-third might not bode well for South... 

Daily podcast – May 27, 2009 

By: Shannon de Ryhove     27th May 2009 In today's podcast: BHP CEO Marius Kloppers voices doubts about the durability of recent strong Chinese demand for commodities; and Chinese steelmakers will reject a 33% cut in iron-ore prices agreed by mining company Rio Tinto and Japan's Nippon Steel. 

Daily podcast – May 26, 2009 

By: Shannon de Ryhove     26th May 2009 In today's podcast: Wesizwe Platinum signs a formal agreement with US-based investment fund YA Global Investments, or Yorkville, for a three-year R550-million standby equity facility; and South Africa's diamond production is likely to continue its decline until at least 2011. 

Daily podcast – May 25, 2009 

By: Shannon de Ryhove     25th May 2009 In today's podcast: Uranium One may consider buying uranium assets in Africa; and South Africa's mining industry reports more fatal accidents over the weekend. 

Daily podcast – May 22, 2009 

By: Shannon de Ryhove     22nd May 2009 In today's podcast: First Uranium starts production from the uranium plant at its Ezulwini mine; and BHP Billiton confirms that it has initiated plans to develop a second uranium mine in Australia. 

Biometric systems firm experiences surge in business despite economic slowdown 

By: Loni Prinsloo     22nd May 2009 Technology and services company Ideco states that the current economic downturn has only boosted business for the company.  

‘Buy Africa' to profit when commodity cycle turns up again – Asia analysts  

By: Martin Creamer     21st May 2009 "If you believe in the long-term urbanisation success story of China and India, you buy Africa, because that’s where the commodities are going to come from", Frontier Advisory CEO Dr Martyn Davies told mining investors in Johannesburg on Thursday. Davies had earlier heard McKinsey principal Dr... 

Daily podcast – May 21, 2009 

By: Shannon de Ryhove     21st May 2009 In today's podcast: Pan African Resources exercises its option to buy Phoenix Platinum from Metorex a month ahead of schedule; and ArcelorMittal delays the launch of a planned $1,5-billion iron-ore mine in Liberia as a result of falling demand. 

Daily podcast – May 20, 2009 

By: Shannon de Ryhove     20th May 2009 In today's podcast: Xstrata suspends all underground mining operations at its George Fisher zinc mine, in Australia following a fatal accident; and Rio Tinto may replace the $7,2-billion convertible bond part of its tie-up plan with Chinalco with a capital raising underwritten by the Chinese firm. 

Daily podcast – May 19, 2009 

By: Shannon de Ryhove     19th May 2009 In today's podcast: any improvement in the economic environment could help to drive the price of platinum as high as $1 350/oz within the next six months; and Penoles lifts a declaration of force majeure following a strike that shut down its precious metals unit. 

Gold One eyeing Toronto after clinching dual primary listings in Joburg, Sydney 

By: Martin Creamer     18th May 2009 Gold junior Gold One, which on Monday clinched the first-ever dual primary Johannesburg and Sydney stock-exchange listings, now has its eye on Toronto, Gold One CEO Neal Froneman told Mining Weekly Online on Monday. Froneman described the simultaneous ASX-JSE listings as the first step in a... 

Daily podcast – May 18, 2009 

18th May 2009 In today's podcast: the mining Industry Occupational Safety and Health Leading Practice Adoption System would be expanded to include transport and machinery; and AngloGold Ashanti plans a new R1-billion-plus uranium expansion at the Kopanang mine to take production to more than two-million pounds... 

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... 

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