R/€ = 16.96 Change: 0.08
R/$ = 16.43 Change: -0.11
Au 1801.49 $/oz Change: -7.37
Pt 872.93 $/oz Change: -13.07

Latest Videos

Daily podcast – November 13, 2008 

By: Shannon de Ryhove     13th November 2008 In today's podcast: Simmer & Jack Mines widens its interim loss; and the European Islamic Investment Bank has boosted its stake in South African diamond-miner DiamondCorp. 

Trans Hex warns diamond sales to face 'difficult' period, demand drops 

By: Esmarie Iannucci     12th November 2008 JSE-listed diamond producer Trans Hex on Wednesday reported that rough diamond sales had been severely impacted by the global economic downturn, with prices in the six months ended September showing a decrease from previous highs. Trans Hex CEO Llewellyn Delport stated that demand for top-end... 

Daily podcast – November 12, 2008 

By: Shannon de Ryhove     12th November 2008 In today's podcast: Trans Hex reported that rough diamond sales for the six months ended September, were down by 24%; and Central African Gold has requested that trading in its shares on London's Aim market be temporarily suspended. 

Village Main’s entry coinciding with mining assets becoming ‘very cheap’ – Swanepoel  

By: Martin Creamer     11th November 2008 The timing of the re-entry of JSE-listed Village Main could “not have been better” as mining assets were becoming “very, very cheap”, South African mining luminary Bernard Swanepoel said, following Tuesday’s annual general meeting at which all company resolutions were passed in full. The new... 

Daily podcast – November 11, 2008 

By: Shannon de Ryhove     11th November 2008 In today's podcast: The Diamond Council of South Africa and the United Diamond Association of South Africa have amalgamated to form a single diamond downstream industry body; US aluminium giant Alcoa has slashed a further 350 000 tons of aluminium-making capacity worldwide. 

Daily podcast – November 10, 2008 

By: Shannon de Ryhove     10th November 2008 In today's podcast: Rio Tinto will cut its Australian iron-ore production by about 10%; and Eastern Platinum has re-evaluated its short-term development plan. 

Daily podcast - November 7, 2008 

By: Shona Kohler     7th November 2008 In today's podcast: Anglo American plans to increase iron-ore production fourfold; and a sod turning ceremony is held to mark the start of the development of the Styldrift project. 

Safety-related stoppages shave many ounces off AngloGold's September quarter output 

By: Dennis Ndaba     7th November 2008 Africa's largest gold producer, AngloGold Ashanti, says production at its South African operations during the third- quarter and nine months ended September 30, 2008 was marginally lower, at 538 000 oz despite an increase in safety-related stoppages and nationwide strike action. 

4WD training simulator launched 

By: Fatima Gabru     7th November 2008 Simulator training equipment company Immersive Technologies launched its first four-wheel drive light vehicle conversion kit for advanced equipment training simulators in June. 

African mine insurance suffers losses 

By: Darren Parker     7th November 2008 International insurance and reinsurance broker Glencairn MD South Africa Nick Hall says that the global insurance market has suffered a spate of losses and financial difficulties in 2008, with regards to mining interests, and Africa is no exception. 

Safety equipment supplier gives impetus to African market 

By: Darren Parker     7th November 2008 Global supplier of personnel protective equipment (PPE), MSA, is placing a renewed focus on the African mining market, noting that the standards of safety equipment within the market are something that could be improved on through a more active participation of responsible entities, such as... 

Is mechanisation in African hard-rock mining the way to go? 

By: Darren Parker     7th November 2008 The drive for mechanisation throughout the global mining industry has gained further impetus in Africa on the back of mining equipment supplier Sandvik Mining & Construction focussing considerable attention in the hard-rock mining sector. 

EIA report gets thumbs-up in DRC 

By: Darren Parker     7th November 2008 The Democratic Republic of Congo (DRC) minister of mines signed off the environmental and social impact assessment (ESIA) report for the Tenke Fungurume copper/cobalt mining project, in Kinshasha, at the beginning of October. 

Daily podcast - November 6, 2008 

By: Creamer Media Reporter      6th November 2008 In today's podcast: Rio Tinto's Rossing Uranium has sales contracts extending to 2015; and Randgold Resources is to compelte a scoping study on its most recent gold discovery in Senegal. 

Daily podcast – November 5, 2008 

By: Shannon de Ryhove     5th November 2008 In today's podcast: De Beers opens the R1,3-billion Voorspoed mine and, an investigation by the South African Human Rights Commission finds that mining operations at Angloplat have "adversely affected" the communities. 

Daily podcast – November 4, 2008 

By: Shannon de Ryhove     4th November 2008 In today's podcast: DRDGold has suspended all underground drilling and blasting operations at its East Rand Proprietary Mines because of pumping problems and, Aricom is reviewing its iron-ore projects to cut funding needs because of the global economic crisis. 

Daily podcast – November 3, 2008 

By: Sheila Barradas     3rd November 2008 In today's podcast: Brazilian mining giant Vale said it would cut iron ore output by 10% from November and, gold's status as a safehaven investment in times of global uncertainty remains intact. 

Daily podcast – October 31, 2008 

By: Shannon de Ryhove     31st October 2008 In today's podcast: AngloGold Ashanti CEO Mark Cutifani says that gold production is "in crisis" and, De Beers announces the successful conversion of seven of its old-order mining rights to new-order mining rights. 

Gold production 'in crisis' – AngloGold Ashanti CEO  

By: Martin Creamer     30th October 2008 Gold production was “in crisis” and a gold price of $900-to-$1 000/oz was needed to arrest the downward trend, AngloGoldAshanti CEO Mark Cutifani said on Thursday. Cutifani said that the world had seen a decline in the production of gold across the globe in the last seven years, and that the... 

Daily podcast – October 30, 2008 

By: Shannon de Ryhove     30th October 2008 In today's podcast: a higher gold price was on the way with $1 000/oz possible in 2009 and, Newcrest Mining sees ample acquisition opportunities ahead. 

Daily podcast – October 29, 2008 

By: Shannon de Ryhove     29th October 2008 In today's podcast: South Africa's new State-owned mining company is pursuing coal and uranium opportunities and, Simmer & Jack Mines has started the leaching process at its Mpumalanga-based subsidiary. 

Gold price of $1 000/oz possible in 2009 – Gold Fields CEO Nick Holland 

By: Martin Creamer     29th October 2008 A higher gold price was on the way with $1 000/oz possible in 2009, Gold Fields CEO Nick Holland said on Wednesday. “I still remain firmly of the view that we are going to see a higher gold price. I still believe we could see $1 000/oz during 2009,” Holland told Mining Weekly Online. 

Daily podcast – October 28, 2008 

By: Shannon de Ryhove     28th October 2008 In today's podcast: with the Kalagadi manganese project now in the development phase, shareholders had already started seeing the benefits of investing in the project and Solidarity issues a warning to platinum producer Anglo Platinum to investigate mining safety at the company's mines. 

South Africa’s new State mining company pursuing coal, uranium – CEO 

By: Martin Creamer     28th October 2008 South Africa’s new State-owned mining company was pursuing coal and uranium opportunities, African Exploration Mining & Finance Corporation (AEMFC) CEO Sizwe Madondo said on Tuesday. Madondo said that drilling results in an Mpumalanga coalfield were expected before the end of December and steps... 

Empowered Kalahari Resources confident about future of SA manganese project 

By: Chanel de Bruyn     27th October 2008 With the Kalagadi manganese project now in the development phase, shareholders have already started seeing the benefits of investing in the project, black women-owned Kalahari Resources said on Monday. Chairperson Daphne Mashile-Nkosi reported that the shareholders, which included mostly... 

Daily podcast – October 27, 2008 

By: Shannon de Ryhove     27th October 2008 In today's podcast: Simmers & Jack said the build-up of the company's Buffelsfontein gold mine and the Transvaal Gold Mining Estates would require a capital investment of about 99,8-million dollars over the next five years and, African Rainbow Minerals said that that Assmang would switch off two... 

South African gold junior Pamodzi resorts to 'do-it-yourself' raising of R400m  

By: Martin Creamer     24th October 2008 Cash-constrained gold junior Pamodzi had overcome fund-raising difficulties by itself raising a second R200-million tranche in order to attain the desired R400-million needed to capitalise its survival-mode gold mines in South Africa’s Free State, North West and Gauteng provinces, Pamodzi Gold... 

Daily podcast – October 24, 2008 

By: Brindaveni Naidoo     24th October 2008 In today's podcast: DRDGold is "seriously deliberating" the future of its troubled East Rand Proprietary Mine and, Harmony Gold and Pamodzi Resources Fund have agreed to reduce the price of the Cooke uranium and gold asset transaction to 348-million dollars. 

Troubled ERPM gold mine may be closed – DRDGold 

By: Martin Creamer     23rd October 2008 JSE-listed gold-mining company DRDGold was "seriously deliberating" the future of the troubled East Rand Proprietary Mine (ERPM), the underground operations of which might be put on care-and-maintenance, DRDGold CEO designate Niël Pretorius said on Thursday. Pretorius said that there was “very... 

Daily podcast – October 23, 2008 

By: Shannon de Ryhove     23rd October 2008 In today's podcast: Anglo American reviews its capital expenditure programme and, Uranium One's recalcitrant Dominion project, in South Africa, will be placed on care and maintenance. 

Daily podcast – October 22, 2008 

By: Shannon de Ryhove     22nd October 2008 In today's podcast: the State mining company is exempt from the "application" criteria of South Africa's minerals legislation only and, South Africa's export earnings improved by 33,7% between January and August. 

Daily podcast – October 21, 2008 

By: Shannon de Ryhove     21st October 2008 In today's podcast: Gold Fields said that it lost a total of 9 645 ounces of gold when it shut two of its gold mines last week and, the US-based Overseas Private Investment Corporation approved a 250-million dollar guarantee facility to assist Botswana to develop its newly-established diamond... 

Daily podcast – October 20, 2008 

By: Shannon de Ryhove     20th October 2008 In today's podcast: South Africa's draconian new Mine Health and Safety Amendment Bill will create "severe problems" if enacted and, the China Development Bank has a small stake in mining firm Anglo American and could buy more of its shares. 

Daily podcast – October 17, 2008 

By: Christy van der Merwe     17th October 2008 In today's podcast: Gold Fields restarts its operations and, Rio Tinto iron ore mines in western Australia were planning a second round of strike action next week. 

Global accounting body relooks at mining-sector reporting standards 

By: Christy van der Merwe     16th October 2008 The International Accounting Standards Board (IASB) has commissioned a research project on extractive activities, to take a “fresh look” at how mining companies report and account for mineral, oil and gas reserves and resources. The project is in its first stage, and a discussion paper will be... 

Resources groups lead in sustainability report 

By: Esmarie Iannucci     16th October 2008 Four of the five top rankings in Ernst & Young’s excellence in sustainability reporting survey, which was released on Thrusday, went to companies in the resources sector. Platinum producer Anglo Platinum, and synfuel producer Sasol shared this year’s top honours, followed by diversified miner... 

Daily podcast – October 16, 2008 

By: Shannon de Ryhove     16th October 2008 In today's podcast: Coal of Africa Limited has applied for a new-order mining right for its Vele coking coal project, and, South Africa's Minister of Minerals and Energy might have acted unlawfully by exempting State-owned African Exploration Mining & Finance Corporation from key licensing... 

Daily podcast – October 15, 2008 

By: Shannon de Ryhove     15th October 2008 In today's podcast: the Chamber of Mines is querying why South Africa's mines are continuing to be "penalised" with a lower power allocation and, Consol Energy expects demand for coal to remain robust. 

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