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Latest Videos

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. 

Daily podcast – October 14, 2008 

By: Shannon de Ryhove     14th October 2008 In today's podcast: two diamond juniors are about to start diamond mining in South Africa and, Sallies is on its way to Canada to negotiate higher prices for its quality Witkop fluorspar. 

Chamber queries continued power curbs on South Africa’s mines 

By: Martin Creamer     14th October 2008 The Chamber of Mines of is querying why South Africa’s mines are continuing to be “penalised” with a lower power allocation and says something must be done to end the period of power curtailment. “One has to ask the question why the mining sector is being kept to 90% electricity supply,” says... 

Daily podcast – October 13, 2008 

By: Shannon de Ryhove     13th October 2008 In today's podcast: the Department of Minerals and Energy has reaffirmed its plans for a new crude oil refinery at the Coega IDZ, apprentice numbers in South Africa's metals sector rose to over 4 000 for the first time since 1999 during 2008 and, Boteti receives a 15-year mining licence from the... 

Sallies negotiating higher Witkop prices as it shuts Buffalo 

By: Martin Creamer     13th October 2008 Troubled fluorspar-miner Sallies was on its way to Canada to negotiate higher prices for its quality Witkop fluorspar after closing its Buffalo fluorspar operation where “horrendous” feed material had caused ongoing losses, JSE-listed Sallies CEO Tom Dale said on Monday. Dale said that the... 

Daily podcast – October 10, 2008 

By: Fatima Gabru     10th October 2008 In today's podcast: Buyelwa Sonjica says that the world and South Africa needs a more stable oil price, Shell South Africa says that the world would eventually see a shift towards an era where energy was used more efficiently and, a decision has been taken to develop a State-owned mining company... 

Create ‘Johannesburg mining champion’, dispel undervaluation – AngloGold 

By: Martin Creamer     10th October 2008 South Africa needs to create a Johannesburg-based global mining “champion” and to dispel the “wrong” that results from North American mining companies being able to trade at double the market capitalisation of South African peers that have better reserves and better projects, says AngloGold... 

Samancor Chrome unveils long-term Esop 

By: Dennis Ndaba     10th October 2008 The world’s second-largest producer of ferrochrome, Samancor Chrome, has launched a broad-based employee empowerment trust that will benefit all the company’s bargaining unit employees. 

State-owned South African mining company planned – DME  

By: Martin Creamer     9th October 2008 A decision had been taken to develop a State-owned mining company in South Africa, but there would not be nationalisation of the South African mining industry, Department of Minerals and Energy deputy D-G Jacinto Rocha said. Rocha told an audience at GIBS university in Johannesburg that “the... 

Daily podcast – October 9, 2008 

By: Shannon de Ryhove     9th October 2008 In today's podcast: Eskom receives some promising bids in a tender to return its Ingagane power station to service, South Africa's factory output growth slowed to 0,4% y-on-y in August and, Village Main Reef Mining will be "open for business" by January. 

New-look Village Main Reef will be 'open for business' in the new year - Swanepoel 

By: Christy van der Merwe     8th October 2008 A revitalised JSE-listed Village Main Reef Mining would be “open for business” by January, To the Point Investments director Bernard Swanepoel said on Wednesday. “By January we will have a small company that is ready to be active in the market – which is more interesting every day. I’m certain... 

Daily podcast – October 8, 2008 

By: Shannon de Ryhove     8th October 2008 In today's podcast: four big Chinese steel makers have agreed to cut production until steel prices stabilise, Paul Mashatile has emphasised the need for Gauteng to focus on value-added production and, International Ferro Metals has launched a share buyback programme. 

Minebuilders take heart: 'The money is still out there'  

By: Liezel Hill     7th October 2008 Despite concerns that funding options are drying up for exploration and development companies that are not yet generating cashflow, banks are “still open for business” when it comes to debt finance for mine construction, Terrane Metals president and CEO Robert Pease said on Tuesday. 

Daily podcast – October 7, 2008 

By: Shannon de Ryhove     7th October 2008 In today's podcast: the Gauteng Provincial Legislature is set to elect the African National Congress chairman in the province, Paul Mashatile, as its new premier, the financial crisis in developed economies threatens to slash capital investment flows that have driven Africa's economic growth in... 

Daily podcast – October 6, 2008 

By: Shannon de Ryhove     6th October 2008 In today's podcast: Sasol expresses "profound regret" that its European paraffin wax subsidiary had violated European Union competition law, BHP Billiton says that power shortages in South Africa have caused a decline of 8,2% total production at its three aluminium smelters and, Schneider... 

SA mines can cut power by more than Eskom’s 10% – Schneider Electric 

By: Martin Creamer     3rd October 2008 South Africa's mines could cut power consumption by more than the Eskom-mandated 10%, Schneider Electric president and CEO Jean-Pascal Tricoire said on Friday. Tricoire told Mining Weekly Online in Johannesburg that Schneider was able to buffer critical equipment during power outages as well as... 

Daily podcast – October 3, 2008 

By: Liam Morrison     3rd October 2008 In today's podcast: Sasol will have to deposit the full 318-million euro amount that it has been fined by the European Commission for its leadership role in a paraffin-wax cartel within three months, Ford Motor Company of Southern Africa will start discussions with the relevant unions about... 

Strong poised to grow stronger as platinum industry mulls consolidation 

By: Dennis Ndaba     3rd October 2008 On the one hand, the National Union of Mineworkers (NUM) president Senzeni Zokwana is calling for the creation of a State-owned platinum mining company, and on the other are an acquisitive Impala Platinum and an emerging Xstrata Resources, both keen to grow as share valuations decline and the... 

New product range offers major environmental benefits 

By: Dennis Ndaba     3rd October 2008 Manufacturer of biodegradable drilling fluids and chemicals Samchem has launched a range of fibre products that absorb oil from water. 

Daily podcast – October 2, 2008 

By: Shannon de Ryhove     2nd October 2008 In today's podcast: Government has been making progress towards meeting its objectives, "but it is not yet enough", the European Commission announced on Wednesday that it had fined nine wax producers and, the National Union of Mineworkers added its voice to calls urging the Department of Minerals... 

Dutwa Africa’s first major base-metals discovery since Copperbelt – African Eagle 

By: Martin Creamer     1st October 2008 JOHANNESBURG (miningweekly.com) – The Dutwa nickel deposit in Tanzania appeared to be Africa’s first major base-metals discovery since the Copperbelt and the continent's "first major nickel laterite discovery", African Eagle Resources deputy chairperson Euan Worthington said on Wednesday.... 

Daily podcast - October 1, 2008 

By: Shona Kohler     1st October 2008 In today's podcast: steel producer ArcelorMittal South Africa notifies its customers of another price cut; South Africa's first clean-technology investment fund is launched; and Xstrata abandons its bid for platinum company Lonmin. 

Executives may soon be asking ‘where do I find a job’ – Mabili 

By: Martin Creamer     30th September 2008 The war for talent might turn into executives asking “where do I find a job”, South African executive pay company Mabili said on Tuesday, as global market turmoil continued in the wake of US financial instability. Mabili MD Laurence Grubb told Mining Weekly Online that retrenchments were taking... 

Daily podcast – September 30, 2008 

By: Shannon de Ryhove     30th September 2008 In today's podcast: General Motors South Africa confirms that some 300 workers were offered voluntary severance packages, Sappi announced its €750-million acquisition of the European coated graphic paper business of M-real and, Minerals and Energy Ministry spokesperson Sputnik Ratau says Monday... 

Daily podcast – September 29, 2008 

By: Shannon de Ryhove     29th September 2008 In today's podcast: Business Unity South Africa congratulates newly appointed President Kgalema Motlanthe, Vodacom releases the Apple iPhone 3G in South Africa and, the DRC is extending a review of mining contracts by two weeks. 

No plan for State-owned mining company ‘at the moment’ – SA Minerals Ministry  

By: Martin Creamer     29th September 2008 There was no plan “at the moment” for the creation of a State-owned mining company as the National Union of Mineworkers (NUM) proposed at South Africa’s mining summit, Minerals and Energy Ministry spokesperson Sputnik Ratau said on Monday. Ratau told Mining Weekly Online that a plan to create a... 

Uranium consolidation ‘may well happen’, fundamentals ‘really positive’ – First Uranium 

By: Martin Creamer     29th September 2008 Consolidation of the junior uranium sector “may well happen” at a time when the fundamentals for uranium remain “really, really positive”, says TSX- and JSE-listed First Uranium CEO Gordon Miller. After a lull of decades, the uranium renaissance resulted in many uranium exploration companies... 

Daily podcast – September 26, 2008 

By: Leandi Kolver     26th September 2008 In today's podcast: Kgalema Motlanthe takes office as South Africa's new president, SA's recycling industry could employ up to 350 000 unskilled people and, the State Diamond Trader awaits guidance from the Department of Minerals and Energy about the appointment of a new CEO. 

Daily podcast – September 25, 2008 

By: Shannon de Ryhove     25th September 2008 In today's podcast: CPIX inflation jumped to a record 13,6% year-on-year in August, South Africa's parliament is expected to appoint ruling ANC deputy head Kgalema Motlanthe as interim president of the country and, the Pascua Lama gold project straddling Chile and Argentina is still being delayed... 

‘Well north of $1 a share’ – not 36c – is true value – Rockwell 

By: Martin Creamer     23rd September 2008 An offer of considerably more than $1 a share – and not the 36c Pala Investments was offering – would reflect the true value of TSX- and JSE-listed Rockwell Diamonds Inc, CEO John Bristow said on Wednesday. Bristow said that the company had $1,4-billion worth of diamonds in the ground plus the... 

Daily podcast – September 23, 2008 

By: Shannon de Ryhove     23rd September 2008 In today's podcast: the ANC assures that Mbeki's departure will not translate into any major changes in macroeconomic policy, Agrément South Africa kicks off its thirteenth AGM and, Chamber of Mines economist Roger Baxter says that the South African government needs to consider holding back the... 

Don't impose enviro tax – Chamber 

By: Martin Creamer     22nd September 2008 The South African government needs to consider holding back the imposition of the 2c/kWh environmental tax until the country has worked through the energy crisis, says Chamber of Mines economist Roger Baxter. “We have been arguing, and we are going to continue arguing, that government needs... 

Low-cost First Uranium’s value tops $1bn 

By: Martin Creamer     22nd September 2008 The net present value (NPV) of gold and uranium mining company First Uranium exceeds $1-billion, says First Uranium investor relations vice-president Bob Tait. Tait calculates that the TSX- and JSE-listed company’s 16-year-life uranium, gold and acid projects on South Africa’s prolific West Rand... 

Daily podcast – September 22, 2008 

By: Shannon de Ryhove     22nd September 2008 In today's podcast: Thabo Mbeki tenders his resignation as head of state, world steel production increases by 2,9% and, NovaGold starts production at its Rock Creek gold mine. 

Daily podcast – September 19, 2008 

By: Darren Parker     19th September 2008 In today's podcast: Johannesburg's stock exchange does not plan on placing a ban on the short selling of stocks, Eskom is about to start with environmental impact assessments for possible further coal-fired power stations and, the gold price could go back to 1 000 dollars an ounce once again.  

Every possibility gold can go back to $1 000/oz – Gordon Miller 

By: Martin Creamer     18th September 2008 There was every possibility that the gold price could go back to $1 000/oz once again, joint Simmer & Jack and First Uranium CEO Gordon Miller said on Thursday Miller said that gold’s safe haven in a turbulent world had been forcefully recognised on Wednesday when it took its biggest single... 

Low-cost First Uranium engaged in 'very, very attractive' gold production – CEO

By: Martin Creamer     18th September 2008 Gold and uranium producer First Uranium was engaged in "very, very attractive" low-volume but high-margin gold production CEO Gordon Miller said on Thursday, as the TSX and JSE-listed company ramped up its South African gold pours from new plants and put the finishing touches to its new uranium... 

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