R/€ = 17.02 Change: -0.07
R/$ = 16.88 Change: -0.20
Au 1757.88 $/oz Change: -15.27
Pt 916.00 $/oz Change: -16.00

Latest Videos

Randgold won't overpay for 'over-promoted' assets  

By: Liezel Hill     5th March 2009 Gold producer Randgold Resources is keen to take advantage of acquisition opportunities, but refuses to pay a premium for projects that are being talked up unreasonably by potential sellers, CEO Mark Bristow said in Toronto on Wednesday. “This market has come from a point where ideas or promises... 

Daily podcast – March 4, 2009 

By: Shannon de Ryhove     4th March 2009 In today's podcast: De Beers is running its Snap Lake diamond mine, in Canada, at about 30% to 40% of design; and Vale Inco will eliminate about 900 full-time jobs at its global operations. 

Record production signals mineral-sands turnaround - Exxaro 

By: Martin Creamer     4th March 2009 The mineral-sands knowledge base inherited with the acquisition of Namakwa Sands from Anglo American has assisted in turning around Exxaro's once-struggling mineral-sands business, says Exxaro CFO executive GM Wim de Klerk. Exxaro achieved record zircon production at a time of high zircon... 

Daily podcast – March 3, 2009 

By: Shannon de Ryhove     3rd March 2009 In today's podcast: the Xstrata Merafe Joint Venture sticks to its policy of not retrenching any of its 7 000 permanent workers; and  

6 000 jobs saved through 'cash-burn-avoidance' strategy - Merafe  

By: Martin Creamer     3rd March 2009 Ferrochrome producer, the Xstrata-Merafe Chrome Venture, was sticking to its policy of not retrenching any of its 6 000 permanent workers through the successful implementation of a "cash-burn avoidance" strategy. On presenting a spectacular set of results which sent its share price rising by... 

Kenneth Creamer CEO of Creamer Media talks about’s Election 2009 page 

By: Creamer Media Reporter      3rd March 2009 Kenneth Creamer CEO of Creamer Media talks about’s Election 2009 page in an interviewed by Jeremy Maggs on ETV’s Maggs on the Media show.’s Election 2009 page at includes news reports, links to party manifestos, election... 

Daily podcast – March 2, 2009 

By: Shannon de Ryhove     2nd March 2009 In today's podcast: Finance Minister Trevor Manuel says more jobs could be lost in the mining industry; and BHP Billiton says operations at one of its iron mines in Australia's Pilbara region were suspended due to heavy rains. 

Daily podcast – February 27, 2009 

By: Guy Copans     27th February 2009 In today's podcast: mining sector executives predict a severe-pull back in exploration activity; and Pan African appeals to the SA government for assistance with illegal miners. 

Mine evaluations in Botswana 

By: Jacqueline Holman     27th February 2009 Measurement systems supplier GroundProbe is currently carrying out initial mine evaluations for two clients in Botswana. The company is also looking at upgrading the service provisions for its equipment as well as expanding its existing equipment base stock. 

Daily podcast – February 26, 2009 

By: Shannon de Ryhove     26th February 2009 In today's podcast: the Democratic Republic of Congo officially confirms the validity and legality of Canadian explorer Banro's mining convention and mining licences in the country; and a strike that is forcing Mexico's Penoles to ship precious metal abroad for refining had no end in sight. 

Pan African seeking govt help after 13 trespassing gold miners are found dead  

By: Martin Creamer     26th February 2009 London- and Johannesburg-listed gold junior Pan African on Thursday appealed to the South African government for assistance after another eight trespassing miners were found dead in the Consort underground gold mine in Barberton, taking the total number to 13 since the weekend. Pan African CEO... 

Daily podcast – February 25, 2009 

By: Shannon de Ryhove     25th February 2009 In today's podcast: Australian treasury officials said that the country would look to safeguard revenues from its natural resources when evaluating a Chinese firm's plan to invest 19-billion-dollars in Anglo-Australian miner Rio Tinto; and De Beers Canada will lay off 128 employees and 90... 

TWP project pipeline cut down to R100bn - CEO 

By: Martin Creamer     25th February 2009 The project pipeline of JSE-listed project house TWP has been cut down to R100-billion, says TWP Holdings CEO Nigel Townshend. Townshend tells Mining Weekly Online that some R20-billion worth of projects have been cancelled and another R20-billion delayed. The cash-generative and debt-free... 

Daily podcast – February 24, 2009 

By: Shannon de Ryhove     24th February 2009 In today's podcast: Lonmin announces that agreements regarding the retrenchments have been reached; and BHP Billiton confirms that it has closed its main iron ore rail haulage line in west Australia's Pilbara mining region. 

Daily podcast – February 23, 2009 

By: Fatima Gabru     23rd February 2009 In today's podcast: African Rainbow Minerals triples its headline earnings; and the main shaft headgear section at Gold Fields' Kloof mine, in Carlentonville, remains closed after a worker fell to his death on Saturday. 

Motsepe's Arm to spend R9bn, firm up African opportunities 

By: Martin Creamer     23rd February 2009 Cash-flush diversified mining company African Rainbow Minerals (Arm) would spend R9-billion in capital in the next three years, ARM executive chairperson Patrice Motsepe said on Monday. Although that was down on the R13-billion that the company was scheduled to spend to June 2011, it reflected... 

BHP Billiton-SA govt talks on offshore oil drilling progressing - Mkhwanazi 

By: Martin Creamer     23rd February 2009 Diversified miner BHP Billiton and the South African government are progressing in their discussions on the fiscal framework under which the drilling for oil offshore of South Africa's West Coast could proceed, new BHP Billiton Southern Africa chairperson Dr Xolani Mkhwanazi says. BHP Billiton... 

Daily podcast – February 20, 2009 

By: Shannon de Ryhove     20th February 2009 In today's podcast: Anglo American says it is cutting 19 000 jobs; and De Beers says the global economic crisis is having a significant impact on the sales of retail diamond jewellery. 

Better diamond demand possible as year progresses - De Beers 

By: Martin Creamer     20th February 2009 The world might see an improvement in diamond demand as 2009 progressed and inventories reduced, De Beers CEO Gareth Penny said on Friday. Penny said, in a video broadcast, that as economic conditions improved, emerging demand, coupled with a decline in long-term diamond supply, would form a... 

Zimbabwe platinum output could easily exceed its SA output - Implats 

By: Martin Creamer     20th February 2009 Implats' eventual platinum production in Zimbabwe has the potential easily to exceed South African production, Implats CEO David Brown tells Mining Weekly Online. Brown says that the production of a million ounces of platinum in Zimbabwe remains the long-term goal of Implats, which is adopting a... 

Daily podcast – February 19, 2009 

By: Shannon de Ryhove     19th February 2009 In today's podcast: Agnico-Eagle Mines says it will complete a string of studies into expansion opportunities at its mines; and Rand Refinery says that safe-custody custodianship of exchange-traded fund gold bullion has been declared noncore and has ceased to be a business pursuit. 

Daily podcast – February 18, 2009 

By: Shannon de Ryhove     18th February 2009 In today's podcast: Kumba Iron Ore is in strategic discussions with Transnet on the possible creation of a public private partnership; and AngloGold Ashanti agrees to sell its Tau Lekoa mine and adjacent projects to smaller rival Simmer & Jack Mines. 

Daily podcast – February 17, 2009 

By: Shannon de Ryhove     17th February 2009 In today's podcast: Kumba Iron Ore plans to increase its production by 10% in 2009; and Shares in Oz Minerals jump 29% after it agrees to a $1,7-billion takeover bid from Chinese state-owned trading group Minmetals. 

Balance of power shifts from governments to resources investors 

By: Terence Creamer     16th February 2009 The balance of bargaining power between resources companies and African governments was shifting in favour of investors in the wake of the recent collapse in commodity prices. But Control Risks sub-Saharan Africa analyst Christopher Melville counselled on Monday that companies should exercise... 

Kumba Iron Ore plans 10% production increase, rerouting more ore to China 

By: Martin Creamer     16th February 2009 Bucking the global cutback trend, the world's fourth-largest iron-ore producer, South Africa's Kumba Iron Ore (KIO), planned to increase its production by 10% in 2009, "market permitting", and was currently rerouting iron-ore not taken up by Europe and Japan to China, KIO CEO Chris Griffith said... 

Daily podcast – 16 February, 2009 

By: Dennis Ndaba     16th February 2009 In today's podcast: Rio Tinto is confident the Australian government will approve its $19,5-billion tie-up with Chinese State-owned aluminium-maker Chinalco; and shareholders of Teal Exploration and Mining vote in favour of African Rainbow Minerals and Vale forming a joint venture to develop the... 

Daily podcast – February 13, 2009  

By: Shannon de Ryhove     13th February 2009 In today's podcast: South Africa's mining output falls to its lowest levels in eight years; and Angola considers buying diamonds from firms operating in the country to help them overcome a sharp drop in market prices. 

Daily podcast – February 12, 2009 

By: Shannon de Ryhove     12th February 2009 In today's podcast: Finance Minister Trevor Manuel proposes that government delay the implementation of new mineral and mining royalties until March 2010; and Caterpillar is offers a voluntary early-retirement incentive package to about 2 000 production employees. 

Daily podcast – February 11, 2009 

By: Shannon de Ryhove     11th February 2009 In today's podcast: US Global Investors portfolio manager Ralph Aidis says a rise of the gold price to $2 300/oz ‘wouldn't be surprising'; and the Sukari project, in Egypt, will begin gold production this year. 

Daily podcast – February 10, 2009 

By: Shannon de Ryhove     10th February 2009 In today's podcast: Minerals and Energy Minister Buyelwa Sonjica offeres a helping hand to stricken mining companies; and Anglo Platinum will retrench 10 000 people during the course of 2009. 

World's new deepest mine ‘safe, cheap' - AngloGold  

By: Martin Creamer     9th February 2009 The world's new deepest mine was both safe and low-cost, AngloGold Ashanti vice-president Southern Africa Johan Viljoen said of the Mponeng gold mine in South Africa, which had broken through the 3 777 m depth level to create a global record. Viljoen reported that the company had beaten the... 

Anglo Platinum to retrench 10 000 - CEO 

By: Martin Creamer     9th February 2009 The world's largest platinum miner, Anglo Platinum, would be retrenching 10 000 people during the course of 2009 and holding its production at the 2008, 2,4-million-ounce level, CEO Neville Nicolau said on Monday. Delivering record 8%-higher 2008 headline earnings of R13,3-billion, Nicolau said... 

AngloGold looking to grow to 6 Moz a year - Cutifani 

By: Martin Creamer     9th February 2009 South Africa-based gold major AngloGold Ashanti was looking to growing its production base by one-million ounces organically from five million ounces a year to six-million ounces a year, CEO Mark Cutifani said on Monday. Delivering on each of its 2008 commitments, Cutifani said that such growth... 

Daily podcast – February 9,2009 

By: Shannon de Ryhove     9th February 2009 In today's podcast: the SA government will split the Department of Minerals and Energy into two separate ministries for mining and for energy; and Rio Tinto's non-executive director Jim Leng resigns from the board and will not move into the chairperson's role as planned. 

DRDGold to start production at Ergo by month-end  

By: Esmarie Iannucci     6th February 2009 JSE-listed gold-miner DRDGold was likely to produce its first gold at the Ergo joint-venture (JV) project, on the East Rand, by the end of February, six months ahead of schedule, CEO Niel Pretorius said on Friday. He reported that the Brakpan plant would treat ore from the Benoni tailings dam,... 

Harmony remains ‘gold bullish’, says CEO Briggs  

By: Chanel de Bruyn     6th February 2009 The management of the world's fifth-largest gold producer, Harmony Gold, remained "gold bullish", CEO Graham Briggs said on Friday, noting that he believed there would be further upward movements in the gold price. At a half-year results presentation in Johannesburg, Briggs asserted that the... 

Daily podcast – February 6, 2009 

By: Darren Parker     6th February 2009 In today's podcast: Macquarie indicates that the outlook for the global coal industry in the short term is significantly bleak; and India's Sterlite Industries is close to a deal to buy US copper miner Asarco LLC from bankruptcy. 

Northam expects weaker H2 earnings, says Booysendal on track 

By: Esmarie Iannucci     5th February 2009 JSE-listed mid-tier platinum producer Northam reported a 21,5% drop in interim earnings, and warned on Thursday that it would report weaker results in the second half of the financial year, owing to lower metal prices. Profit for the six months ended December 2008, had decreased from... 

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