R/€ = 17.08 Change: -0.07
R/$ = 16.98 Change: -0.11
Au 1756.60 $/oz Change: -6.44
Pt 906.00 $/oz Change: -14.50

Latest Videos

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... 

Daily podcast – February 5, 2009 

By: Shannon de Ryhove     5th February 2009 In today's podcast: Rio Tinto completes the sale of its undeveloped potash assets to Vale; and Peru starts building a system of tunnels to drain a soggy hillside that could collapse. 

Daily podcast – February 4, 2009 

By: Shannon de Ryhove     4th February 2009 In today's podcast: BHP Billiton reports first-half net profit of $2,6-billion; and the Modder East gold project has been deliberately tailored to meet the investment criteria of Australian and North American markets. 

‘Hugely profitable' Modder East tailored in Aussie/NAmerican style - Aflease Gold  

By: Martin Creamer     3rd February 2009 The "hugely profitable" Modder East gold project had been deliberately tailored to meet the investment criteria of Australian and North American markets and was breaking South Africa's traditional ‘deep, dark and dangerous' gold mould, Aflease Gold/Gold One CEO Neal Froneman said on Tuesday.... 

Daily podcast – 3 February, 2009 

By: Shannon de Ryhove     3rd February 2009 In today's podcast: the plan to merge JCI and Randgold & Exploration fails; and Buyelwa Sonjica releases the long-awaited national Mine Safety Audit. 

Daily podcast – February 2, 2009 

By: Shannon de Ryhove     2nd February 2009 In today's podcast: Sentula Mining's forensic audit ucceeds in fully reconciling an errant equipment-related R68-million; and Peru's largest federation of mining unions agrees to call a nationwide strike starting on March 15th. 

Daily podcast – January 30, 2009 

By: Christy van der Merwe     30th January 2009 In today's podcast: Gold Fields CEO Nick Holland says gold has substantial upside; and Xstrata faces investor backlash over plans to structure a 4,1-billion-pound rights issue. 

Chinese investment potential showcased at Indaba 

By: Jacqueline Holman     30th January 2009 China business strategy, sourcing and investment company The Beijing Axis group MD Kobus van der Wath tells Mining Weekly that he will participate in the Mining Indaba 2009 commodities review and output forum and panel discussion, discussing China in the world of resources and, specifically,... 

Gold has ‘substantial upside', $1 000/oz ‘eminently achievable' - Gold Fields 

By: Martin Creamer     29th January 2009 Gold had "substantial upside" and a gold price of $1 000/oz was "eminently achievable" in 2009, Gold Fields CEO Nick Holland said on Thursday. Holland told Mining Weekly Online that the gold price increase could not have happened at a better time for Gold Fields, which was heading for a 15%... 

Daily podcast – January 29, 2009 

By: Shannon de Ryhove     29th January 2009 In today's podcast: Lonmin reports lower first quarter production figures; and Canada's Barrick Gold closes its Kainantu mine in Papua New Guinea. 

Daily podcast – January 28, 2009 

By: Shannon de Ryhove     28th January 2009 In today's podcast: oil firms begin restarting operations off western Australia; and Coal of Africa Limited secures a rail allocation with Transnet Freight Rail for one-million tons a year of coking coal to the Matola dry-bulk terminal, in Maputo, Mozambique. 

Daily podcast – January 27, 2009 

By: Shannon de Ryhove     27th January 2009 In today's podcast: a Transnet Freight Rail coal train derails; and production at the Transalloys manganese-ore smelting operation will cease for two months. 

Daily podcast – January 26, 2009 

By: Shannon de Ryhove     26th January 2009 In today's podcast: Eskom hints to a willingness to re-engage with miners currently being rationed to 95% of their traditional offtake; and Buyelwa Sonjica says the South African mining industry will not be able to return to 100% power consumption this month. 

Daily podcast – January 23, 2009 

By: Brindaveni Naidoo     23rd January 2009 In today's podcast: Petra Diamonds is not planning any cuts in the production of diamonds at Cullinan diamond mine; and Lundin Mining will permanently stop production at its Galmoy mine, in Ireland. 

Joburg's landmark Top Star drive-in gives way to mining 

By: Leandi Kolver     23rd January 2009 The landmark Top Star drive-in, which is located on an old mine dump next to Simmonds South Way, in Johannesburg, will soon be just a memory.  

Petra Diamonds not cutting back, mulling move to LSE main board – CEO  

By: Martin Creamer     22nd January 2009 Mid-tier diamond miner Petra Diamonds was not planning any cuts in the production of diamonds at its flagship Cullinan diamond mine, and was also contemplating a move to the main board of the London Stock Exchange (LSE) from the Alternative Investment Market (Aim), Petra CEO Johan Dippenaar said... 

Daily podcast – January 22, 2009 

By: Shannon de Ryhove     22nd January 2009 In today's podcast: the shareholders of Aflease approve the company's proposed merger with Australia-based BMA Gold; and BHP Billiton will cut about 6 000 jobs at a number of operations by the end of June. 

Aflease gets shareholder approval for BMA merger  

By: Esmarie Iannucci     21st January 2009 The shareholders of JSE-listed gold company Aflease on Wednesday approved the company’s proposed merger with Australia-based BMA Gold, to form Gold One. Aflease would now have to discuss the merger with its bondholders, as well as get final approval from South African competition authorities. 

Daily podcast – January 21, 2009 

By: Shannon de Ryhove     21st January 2009 In today's podcast: BHP Billiton to cut jobs at two of its nickel mines in Western Australia; and Albidon uspends the development of the northern decline at its Munali nickel project, in Zambia. 

Daily podcast – January 20, 2009 

By: Shannon de Ryhove     20th January 2009 In today's podcast: Harmony Gold stops production at a section of its Elandsrand mine after a worker dies; and DRDGold South Africa says its consultation process with unions comes to an end. 

Randgold-JCI merger meeting adjourned for ten days 

By: Martin Creamer     19th January 2009 A representative of more than 25% of the shares of JCI on Monday secured a ten-day adjournment of the proposal that Randgold & Exploration (R&E) becomes the owner of all the shares of JCI, a move that was to end a lengthy dispute between the two companies. Speaking for shareholder Monty Koppel... 

Daily podcast – January 19, 2009 

By: Shannon de Ryhove     19th January 2009 In today's podcast: Production at DRDGold's Blyvooruitzicht mineis expected to resume with the night shift on Monday; and De Beers Consolidated Mines begins a consultation process with union representatives regarding possible retrenchments. 

Daily podcast – January 16, 2009 

By: Beth Shirley     16th January 2009 In today's podcast: Pamodzi Gold shareholders vote overwhelmingly in favour of the gold junior's R400-million capital restructuring plan; and 80% of the capacity of the Xstrata-Merafe ferrochrome venture is shut. 

Growth encouraged despite economic crisis 

By: Jonathan Faurie     16th January 2009 Companies need to look beyond cautionary measures and continue strategic growth into new markets, despite the current global economic crisis, reports diversified consulting engineering firm TWP Consulting CEO Digby Glover. 

Mining crisis holds potential for redress 

By: Beth Shirley     16th January 2009 Project shutdowns, delays and cutbacks affecting the mining industry could have a positive spin-off, but only if stringent measures, such as financial valuation strategies, are wholly embraced in the future, says independent mining and minerals management advisory firm Venmyn MD Andy Clay 

Overwhelming approval for Pamodzi Gold's R400m recapitalisation plan 

By: Martin Creamer     15th January 2009 The shareholders of cash-constrained Pamodzi Gold on Thursday voted overwhelmingly in favour of the gold junior's R400-million capital restructuring. Chairperson Ndaba Ntsele was able to announce that more than 99,9% of the shareholders present or represented by proxy were in favour of the issue... 

Daily podcast – January 15, 2009 

By: Shannon de Ryhove     15th January 2009 In today's podcast: the proposed Implats-Mvela-Northam platinum transaction has been terminated; and two JSE-listed platinum companies close shafts after two workers are killed in mine accidents. 

Daily podcast – January 14, 2009 

By: Shannon de Ryhove     14th January 2009 In today's podcast: Sundance Resources receives the go-ahead for the development of a new $160-million export terminal in Cameroon; and thousands of workers in Peru's vast mining sector may go on strike over mounting job losses. 

Daily podcast – January 13, 2009 

By: Shannon de Ryhove     13th January 2009 In today's podcast: China's coal demand will continue to grow this year, albeit at a likely slower pace; and diamond junior Rockwell extends its shutdown period to the end of January. 

Daily podcast – January 12, 2009 

By: Shannon de Ryhove     12th January 2009 In today's podcast: a worker dies at Impala Platinum, in Rustenburg; and Investec cuts its 2009 and 2010 price forecasts for platinum, palladium and rhodium. 

Canada's Raitt will prioritise hard-hit towns, continued investment 

By: Liezel Hill     9th January 2009 Improving access to funds for companies so that they continue to invest in new projects, and ensuring support for hard-hit resources-based towns and communities will be at the top of the list this year for Canadian Minister of Natural Resources Lisa Raitt, said in Toronto on Friday. “Canadians... 

Daily podcast – January 9, 2009 

By: Shannon de Ryhove     9th January 2009 In today's podcast: Teck Cominco will reduce coal production this year to 20-million tons in response to falling steel demand; and Harmony Gold says its capital expenditure plans remain intact despite the credit crunch. 

Daily podcast – January 8, 2009 

By: Shannon de Ryhove     8th January 2009 In today's podcast: the number of workers that lost their lives in South Africa's mining industry fell in 2008; and Impala Platinum continues discussions with Mvelaphanda Resources and Northam Platinum. 


By: Creamer Media Reporter      12th December 2008 Creamer Media's Mariaan Webb talks to Mining Weekly editor Martin Creamer about the commodity cycle, and his expectations for 2009 

AEL Ignite  

12th December 2008 Explosions brought to you by African Explosives Limited. 

Daily podcast – December 12, 2008 

By: Darren Parker     12th December 2008 In today's podcast: Iamgold agrees to acquire Orezone Resources; and Richards Bay Minerals announces the final signing of agreements for its 26% broad-based black economic-empowerment deal. 

Atlas Copco gets R9,6m to help develop its Joburg academy 

By: Jonathan Faurie     12th December 2008 The Manufacturing, Engineering and Related Services Sector Education and Training Authority (Merseta) has given diversified engineering company Atlas Copco R9,6-million for use in the development of the Atlas Copco academy. 

Daily podcast – December 11, 2008 

By: Shannon de Ryhove     11th December 2008 In today's podcast: Anglo Platinum is not in a financial position to resist the current crisis in the platinum-mining industry; and South Africa's power crisis and an urgent need for new energy sources should protect Anglo American's coal business in the country against the global slump in demand. 

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