R/€ = 19.02 Change: 0.12
R/$ = 16.29 Change: 0.11
Au 1876.97 $/oz Change: -3.85
Pt 856.01 $/oz Change: -15.52

Latest Videos

Daily podcast - April 2, 2008 

By: Shannon de Ryhove     2nd April 2008 In today's podcast: Buyelwa Sonjica stresses that Eskom's requested 53% tariff hike is 'not finalised yet', the newly elected ANC leadership will ensure overall continuity to legislation governing mining in SA, and Zambia begins enforcing a new tax code that will see mining... 

Top official puts miners on notice that new ANC will ‘push harder’ on social issues 

By: Matthew Hill     1st April 2008 The newly elected African National Congress (ANC) leadership would ensure overall continuity to legislation governing mining in South Africa, but there could also be some change, particularly with regard to the role mining could play in rural development, secretary general Gwede Mantashe said on... 

Daily podcast - April 1, 2008 

By: Shannon de Ryhove     1st April 2008 In today's podcast: South Africa's monthly trade deficit narrowed to R5,8-billion in February, Trevor Arran says it is 'criminal' that 40% of South Africans are unemployed at a time of global mining boom, and Ian Cockerill says South Africa's extractive industries are... 

Wesizwe to move ahead with R5,6bn, 230 000-t/m project 

By: Dennis Ndaba     31st March 2008 JSE-listed platinum exploration and development company, Wesizwe Platinum mine, has given the go-ahead for the construction of a new R5,6-billion mine on the Frischgewaagd-Ledig complex, following positive results from a bankable feasibility study (BFS) that was delivered on time and within budget. 

‘Criminal' that 40% of SA is jobless while global mining booms, says Exxaro's Arran 

By: Martin Creamer     31st March 2008 It was "criminal" that 40% of South Africans were unemployed at a time of global mining boom and South Africa needed to turn its ‘talent' into skills, Exxaro Resources GM Trevor Arran said on Monday. South Africa had "massive" current and future mining projects,... 

Daily podcast - March 31, 2008 

By: Shannon de Ryhove     31st March 2008 In today's podcast: ArcelorMittal SA announces another double-digit steel price increase, global arms deliveries fell 8% in 2007 but there is little evidence of a long-term decline in the weapons sector, and DiamondCorp CEO says the world is down to less thaan 20 years' mine supply of... 

DiamondCorp eyes gem deal flow as it seeks to build ‘critical mass’  

By: Matthew Hill     31st March 2008 Emerging diamond producer DiamondCorp, which debuted on the JSE on Monday morning, has plans to more than triple its market capitalisation to over £100-million by positioning itself as an alternative partner for those exploration companies seeking to develop mines. Currently, the company... 

Mine diamond supply down to less than 20 years, says DiamondCorp ahead of listing 

By: Martin Creamer     28th March 2008 The world was down to less than 20 years' mine supply of natural diamonds from known mine operations, said DiamondCorp CEO Paul Loudon on Friday, ahead of the company's main-board JSE listing on Monday. Loudon said that the world was consuming more diamonds than mines were producing.... 

Daily Podcast - March 28, 2008 

By: Brindaveni Naidoo     28th March 2008 In today's podcast: Broadband Infraco secures private sector participation for its submarine cable project, BHP Billiton to take R2,4-billion worth of yearly business away from Standard Bank, Royal Philips Electronics enters into JV with Karebo Systems and CEF to establish a CFLi light bulb... 

JSE-listed DRDGold using Ergo to strike strategic balance between consistent surface gold, volatile underground assets 

By: Martin Creamer     28th March 2008 Having a good balance of consistent surface gold operations and high-potential but volatile underground mines is a vital component of the strategy of DRDGold South Africa, says CEO Niel Pretorius. 

As tyre shortage eases, hydraulic hardship surfaces, says Bell 

By: Martin Creamer     28th March 2008 The new supply headache is now hydraulic components and no longer tyres and steel, says Bell Equipment CEO Gary Bell. The successful South African heavy duty equipment and articulated vehicle manufacturer reports that reputable supplying companies, which have proved reliable over decades, are now... 

Daily Podcast - March 27, 2008 

By: Shannon de Ryhove     27th March 2008 In today's podcast: Mercedes Benz has no intention of slowing down production of its top selling C-class, Yamana Gold is marching towards it target of doubling its gold output by 2012, Basil Read signs a partnership agreement with State-owned financier National Housing Finance Corporation,... 

Daily podcast - March 26, 2008 

By: Shannon de Ryhove     26th March 2008 In today's podcast: Eskom bemoans the lack of commitment from the residential and commercial sectors to curbing their power use, York investigates the potential for one or more cogeneration projects, Angloplat dismisses reports from a British radio station and a pressure group over its... 

Daily podcast - March 25, 2008 

By: Shannon de Ryhove     25th March 2008 In today's podcast: Sasol unveils South Africa's largest-ever empowerment deal, ANC NEC member Ncumisa Nkondlo dies in East London, Rio Tinto would like to work with Chinese state firms to develop mining projects around the world, and BHP Billiton confirms that the ramp-down process of... 

Daily podcast - March 20, 2008 

By: Shannon de Ryhove     20th March 2008 In today's podcast: the MTN group board approves a R30-billion capex, Sasol to divulge detailed terms of it's proposed BEE deal, a decline in global economic growth in 2008/9 will mostly dampen demand and prices for commodities, and a charm offensive by Jacob Zuma may not be enough to... 

Daily podcast - March 19, 2008 

By: Shannon de Ryhove     19th March 2008 In today's podcast: Eskom submits an application to Nersa seeking a 60% nominal price increase, Eskom says the risk of declaring a force majeure has been reduced, South Africa will spend around R30-bn on hosting the 2010 World Cup, and a Johannesburg businessman seeks an interdict from the... 

Ergo won't exploit dump-retreatment court ruling, says DRDGold CEO 

By: Martin Creamer     18th March 2008 The new Ergo gold-from-dumps business would not be exploiting a court ruling that positioned dump retreatment outside of South Africa's new minerals legislation, DRDGold South African Operations CEO Niel Pretorius said on Tuesday. Pretorius said that DRDGold would, instead, be making certain... 

Daily podcast - March 18, 2008 

By: Shannon de Ryhove     18th March 2008 In today's podcast: South Ocean expects government's energy conservation drive to open up new opportunities for its Radiant subsidiary, Dwaf's Masibambane programme announces an EU support package of 107-million euros, Gold Fields to reconsider the future of shafts at its Kloof and... 

Daily podcast - March 17, 2008 

By: Shannon de Ryhove     17th March 2008 In today's podcast: Coca Cola launches new $6-million quality testing laboratory, Mvelaphanda Resources to receive 50-million shares in Gold Fields, South Africa signs MOU to help fund a $700-million submarine cable to boost broadband capacity, and world's greenhouse gas emitters head... 

Daily podcast - March 14, 2008 

By: Irma Venter     14th March 2008 Eskom commits to limit its unplanned outages to a maximum of 2 500 MW, South Africa's mining output drops by 10,7% during January, Rio Tinto in discussions with SA government to review the timing of its aluminium smelter at Coega, and government will table draft legislation intended to... 

Canadian environmentalist Moore trashes carbon capture and storage 

By: Keith Campbell     14th March 2008 Carbon capture and storage (CCS), which coal miners worldwide hope will guarantee a future for coal as an energy source, may not be viable, technically, economically, and in terms of liability.  

Miners won't be alone in taking SA power pain - Eskom 

By: Terence Creamer     13th March 2008 State-owned utility Eskom made a commitment on Thursday to limiting its unplanned outages to a maximum of 2 500 MW as South Africa enters a new phase of power rationing. Speaking at press conference following a meeting with key industrial users and municipalities, CEO Jacob Maroga said that the... 

Daily podcast - March 13, 2008 

By: Shannon de Ryhove     13th March 2008 In today's podcast: business confidence levels in South Africa hit a seven-year low, JSE-listed Assore plans to sell an 11,63% stake to Shanduka Resources for about R1,9-billion, a South African state lawyer accuses Jacob Zuma of trying to delay justice, and LPG can be made cheaper and more... 

Daily podcast - March 12, 2008 

By: Shannon de Ryhove     12th March 2008 South Africa's top ten M&A deals tip the scales at R208,1-billion, new diamond cutters set up shop in Botswana to gain supplies in a tight market, the tobacco industry warns of court action if new legislation is pushed through without proper consultation, and Eskom's uranium... 

Daily podcast - March 11, 2008 

By: Shannon de Ryhove     11th March 2008 In today's podcast: Sasol's board commits R300-million to the Mafutha project, global coal use will rocket by 73% by 2030, South Africa's top prosector receives a letter laced with poison, and Aveng's order book reaches R22-billion. 

Daily podcast - March 10, 2008 

By: Shannon de Ryhove     10th March 2008 In today's podcast: Zimbabwe's President Robert Mugabe signs into law a bill giving local owners the right to control foreign companies, the Independent Democrats call for a debate over irregular transactions concerning Chancellor House, and Sasol announces a 15% increase in profits. 

Still significant upside for gold - Agnico-Eagle's Boyd 

By: Liezel Hill     9th March 2008 Canadian gold-miner Agnico-Eagle Mines, which is bringing five new gold mines into production over the next two years, expects the gold price to continue to strengthen as investment demand for the yellow metal grows, CEO Sean Boyd said on Friday. “We don't sense that the broader... 

Daily podcast - March 07, 2008  

By: Shannon de Ryhove     7th March 2008 In today's podcast: South Africa will allow mines to increase power consumption to 95%, ANC president Jacob Zuma calls for common ground on affirmative action, Gautrain ensures power for it's tunnel boring machine, and cabinet approves the R8,6-billion Moloto rail-road corridor... 

On-The-Air (07/03/2008) 

By: Martin Creamer     7th March 2008 In this broadcast: Tongaat-Hulett says that failure to use sugar cane wast for electricity generation is "criminal"; Grinrod calling on government to privatise parts of its troubled rail network; Prison privatisation under way in SA with five new prisons. 

In 5 years, won't be ‘black' companies, only ‘South African' companies, says Pamodzi Gold's Ntsele 

By: Martin Creamer     7th March 2008 In five years, South Africans would no longer be referring to "black companies", but only to "South African companies", says Pamodzi Gold chairperson Ndaba Ntsele. Pamodzi Gold has grown from a company producing 20 000 oz of gold to one producing 420 000 oz in 24 months.... 

New diamond regulation head calls for ‘fearless aggression’ as he attacks Antwerp beneficiation thwarters 

By: Martin Creamer     7th March 2008 New South African Diamonds and Precious Metals Regulator head Steve Phiri has called for “fearless aggression” in Africa’s fight against global vested interests intent on thwarting local diamond beneficiation on what was still denigrated as “the Dark Continent”. At... 

Daily podcast - March 06, 2008 

By: Shannon de Ryhove     6th March 2008 In today's podcast: Eskom intensifies research, development and innovation efforts, the ruling ANC slams as irresponsible Eskom's announcement that it will delay new projects requiring more than 100- kVA of power, and Rio Tinto says consolidation and operating on a larger scale... 

Bigger is better, says Rio's Albanese 

By: Liezel Hill     6th March 2008 Consolidation and operating on a larger scale were important considerations for mining companies to continue to meet the challenges of growing demand for their products, high input costs and competition for exploration ground, Rio Tinto CEO Tom Albanese said on Wednesday. “Scale really does... 

Podcast - March 05, 2008 

By: Shannon de Ryhove     5th March 2008 In this week’s podcast the State Diamond Trader is formed to buy up to 10% of South Africa’s diamond production for local beneficiation, and ferrochrome producer Merafe Resources investigates the economic feasibility of cogeneration 40 MW of electrical power. 

PTM taps N American experience to optimise SA project 

By: Liezel Hill     4th March 2008 Vancouver-based Platinum Group Metals (PTM) plans to take a more “North American” approach to the rates of advance in the declines at its Western Bushveld Joint Venture (WBJV) platinum project, president and CEO Michael Jones said on Tuesday. PTM is the operator of the project, which... 

SA-focused coal firm lists in Toronto 

By: Liezel Hill     4th March 2008 British Virgin Islands-based Homeland Energy Group, which is waiting for government go-ahead to start mining at its Kendal operation, in South Africa, will debut on the TSX on Wednesday. The company expects to receive its mining licence for the Kendal mine “in the next couple of... 

Mining consolidation could (and should) gain pace – expert 

By: Liezel Hill     4th March 2008 Consolidation of the global mining industry can be expected to continue, and more than likely at an accelerated pace in the current environment of high metals prices and input costs, Raw Materials Group president Magnus Ericsson commented on Monday. “We will see increasing corporate... 

More chrome could leave South Africa unbeneficated because of power 

By: Matthew Hill     3rd March 2008 South African exports of raw chrome ore rose by in excess of 55% in 2007, which was "killing jobs and killing revenue", JSE-listed Merafe Resources CEO Steve Phiri said on Monday, adding that the country's power crisis could worsen the situation. Merafe Resources, which partnered... 

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