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Higher moly prices on the horizon - Thompson Creek chief 

By: Liezel Hill     17th April 2008 With demand for molybdenum at a steady increase, and not much in the way of new supply prospects on the horizon, Thompson Creek Metals chairperson and CEO Kevin Loughrey expects that prices for the metal will approach historical highs over the next two to three years. “We think the future... 

Harmony to announce PNG partner by month-end  

By: Matthew Hill     17th April 2008 Africa's number-three gold producer Harmony Gold hopes to announce a partner for its Papua New Guinea (PNG) assets by the end of the month, CEO Graham Briggs said on Thursday. "The intention is to disclose our partner in PNG in the latter part of this month (April)," Briggs said... 

Daily podcast - April 17, 2008 

By: Shannon de Ryhove     17th April 2008 In today's podcast: Government spokesperson Thema Maseko describes the delay in the release of Zimbabwe election results as 'dire', the Pamodzi Resources Fund and Harmony Gold announce the name of the new uranium venture, and Andrew Etzinger says the method of DSM project... 

Daily Podcast - April 16, 2008 

By: Hilary Klopper     16th April 2008 In today's podcast: South Africa's President Thabo Mbeki on Tuesday again came under criticism over his perceived denialist stance on the Zimbabwean crisis, with African National Congress treasurer general Matthews Phosa saying he "must listen to" the ruling party's... 

Daily podcast - April 15, 2008 

By: Shannon de Ryhove     15th April 2008 In today's podcast: representatives of the SA government, business and organised labour attend the signing of the metals and engineering sector summit agreement, Keaton Energy will start trading its shares on the Johannesburg bourse on April 22, and a further two interest rate hikes in the... 

Daily podcast - April 14, 2008 

By: Shannon de Ryhove     14th April 2008 In today's podcast: Solar streetlights are installed on Kenmare street in Yeoville as part of the inner city rejuvenation project, the IMF is urged to keep closer tabs on the global economy to prevent future crises, and Pamodzi Gold will spend about R60-million to repair and refurbish... 

Daily podcast - April 11, 2008 

By: Hilary Klopper     11th April 2008 In today's podcast: South Africa's delegation to the WTO needs to be resilient and dogged in the face of attempts from first world powers to discredit it, South Africa's total mining output falls by 7,3% year-on-year, and tight South African mineral codes are released in Johannesburg. 

People are emigrating. We develop them and they go – Chamber of Mines president   

By: Martin Creamer     11th April 2008 ‘People are emigrating. We develop them and they go. This is real. It’s facing us as a country. We need to deal with it, South African Chamber of Mines president, Exxaro Resources CEO Sipho Nkosi, who describes the skills issue as ‘a national crisis’ 

Daily podcast - April 10, 2008 

By: Shannon de Ryhove     10th April 2008 In today's podcast: Transport Minister Jeff Radebe asserts that the first phase of the Gautrain will be completed for the World Cup, precious metals consultancy GFMS expects gold will continue to rally until at least early 2009, and Group Five says that decentralised power could help... 

Vibratory screen system cuts conventional system's electricity usage 

By: Leandi Kolver     10th April 2008 Plant, equipment and accessory manufacturer Gondwanaland Diamonds South Africa MD Gavin Armstrong says the company has developed a vibratory screen that can cut conventional screen systems' electricity usage by up to a quarter of the electricity.  

Daily podcast - April 9, 2008 

By: Shannon de Ryhove     9th April 2008 In today's podcast: Should Eskom succeed in its request for a 60% tariff increase it could be poised to earn a R12,7 billion profit after tax, The Chamber of Mines is establishing an Employment and Skills Development Agency to train unemployed learners to be artisans, and Telkom dispells... 

Daily podcast - April 8, 2008 

By: Shannon de Ryhove     8th April 2008 In today's podcast: Nersa gives Eskom permission to have commercially sensitive information on its tariff increase withheld from publication, Caledonia Mining hopes to complete a feasibility study on its Nama cobalt project by early June, and South Africa's 'e-government'... 

Daily podcast - April 7, 2008 

By: Shannon de Ryhove     7th April 2008 In today's podcast: Eskom investigates the possibility of using closed mines for a high head underground pump storage scheme, Anglo Platinum moves to further dispel allegations of human rights abuses against relocated communities, and the Competition Tribunal impses a R145-million fine on... 

Daily podcast - April 4, 2008 

By: Christy van der Merwe     4th April 2008 In today's podcast: Eskom COO of generation Brian Dames is "very worried" about the state of the utility's power stations, production from AngloGold Ashanti's SA operation has been restored to 100% at a lower 96% electricity allocation, and the Department of Transport... 

Underground diamond production by year-end, says DiamondCorp CEO Loudon 

By: Martin Creamer     4th April 2008 London AIM-listed DiamondCorp, now also JSE listed, is essentially a South African operating company. The company is at the very early stages of putting the historic Lace diamond mine in the Free State back into production for the first time since it shut in 1930. What it has shown to date is... 

Daily podcast - April 3, 2008 

By: Shannon de Ryhove     3rd April 2008 In today's podcast: Eskom issues shocking warning that it could be forced to cut back or halt certain projects, Eskom seeks to 'narrow' its coal specifications to the top end of its quality spectrum, and the DME terminates a R5-billion contract with AES. 

Eskom ready to pay higher prices for better coal quality 

By: Terence Creamer     2nd April 2008 State-owned power utility Eskom would seek to "narrow" its coal specifications to the top end of its quality spectrum, in a bid to improve the operation of its coal fleet and limit load losses, which had been at the heart of recent supply-side underperformance. It was now common cause... 

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.  

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