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Latest Videos

Daily podcast – July 14, 2008 

By: Shannon de Ryhove     14th July 2008 In today's podcast: the newly launched Enterprise Investment Programme could in the long-term evolve into a tool to support the agriculture industry, World Bank President Robert Zoellick expects food prices to remain above 2004 levels until at least 2012, and Gold Fields hopes to produce... 

Daily podcast – July 11, 2008 

By: Shannon de Ryhove     11th July 2008 In today's podcast: Sanral raises R2-billion through the issuance of listed bonds, increased food production is the only strategy that will help mitigate the global food crisis says Xingwana, and South Africa's gold production continued to decline in May, falling by 11,6% year-on-year. 

Helicopter company expands to support exploration 

By: Keith Campbell     11th July 2008 The booming African mining sector, driven especially by the great and growing demand from China and India, has triggered a continent-wide scramble for resources, as majors and juniors hunt for deposits of virtually every metal and mineral.  

Daily podcast – July 10, 2008 

By: Shannon de Ryhove     10th July 2008 In today's podcast: the Gautrain tunnel collapse on Oxford road will not have any significant impact on the project's schedule, Safcol investigates the possibility of producing more than 20 MW of electricity from forestry waste, and the project cost of the Kalagadi manganese project is escalating... 

Kalagadi manganese project faces costs escalations 

By: Chanel de Bruyn     9th July 2008 The project cost of the Kalagadi manganese project, in the Northern Cape province of South Africa, was escalating by about 2% a month, Kalahari Resources technical director David Wellbeloved said on Wednesday. Speaking at a MetalBulletin conference, in Johannesburg, he said that the project’s... 

Daily podcast – July 9, 2008 

By: Shannon de Ryhove     9th July 2008 In today's podcast: Expressions of interests for the 70-million dollar Kazungula Bridge could be issued by November or October, it is growing increasingly difficult to raise funds for water projects, and South African ferrochrome producers face losing credibility as suppliers.  

Employment equity next big transformation challenge for Anglo American South Africa – Baum  

By: Chanel de Bruyn     8th July 2008 Improving the employment equity position of its senior management would be a priority for diversified resources group Anglo American South Africa, former acting CEO Philip Baum said on Tuesday. Baum, who is also CEO of Anglo Ferrous Metals, said that the group had to continue its transformation... 

Daily podcast – July 8, 2008 

By: Shannon de Ryhove     8th July 2008 In today's podcast: progress will only be achieved at the current World Trade Organisation talks if all "blocs felt that they had secured some new market access", Zimbabwe continues to attract heightened attention, and De Beers unveils its new Finsch mine treatment plant. 

De Beers opens R630m ‘gentle’ diamond recovery plant at Finsch 

By: Martin Creamer     8th July 2008 The world’s biggest diamond company, De Beers, on Tuesday unveiled its new Finsch mine treatment plant, built at a cost of R630-million, at what is the world’s most technically advanced underground diamond-mining operation. The newly constructed diamond recovery plant is “a lot gentler on the... 

Commodities boom ‘unique' chance to build ‘lasting value' in Africa, says Rangold CEO Mark Bristow 

By: Martin Creamer     7th July 2008 The current boom in commodity prices was presenting "a unique" opportunity to build "something of lasting value" for Africa and its people, RandGold Resources CEO Dr Mark Bristow said in Johannesburg on Monday.  

Daily podcast - July 7, 2008 

By: Shannon de Ryhove     7th July 2008 In today's podcast: July is "the moment of truth" for a long-sought global trade pact, business confidence to remain under pressure over the medium-term, and the European Commission opens a detailed investigation into plans by BHP Billiton to acquire rival Rio Tinto. 

Daily podcast – July 4, 2008 

By: Creamer Media Reporter      4th July 2008 In today's podcast: The Department of Trade and Industry unveils the long awaited Enterprise Incentive Programme, trade union members working in the industrial chemicals sector may go on strike next week, and Gold Fields has the worst mine death record in South Africa so far this year. 

Daily podcast – July 3, 2008 

By: Shannon de Ryhove     3rd July 2008 In today's podcast: SA should maximise the contribution of manufacturing into the economy, SA's consumer confidence registers one of its largest falls in more than two decades, and Gold Fields' Living Gold venture is looking to taking on an additional partner and expanding. 

Gold Fields' 80m-rose Living Gold venture looking to R50m expansion with new partner 

By: Martin Creamer     2nd July 2008 Gold Fields' four-year-old Living Gold venture near Carletonville, which has produced 80-million cut roses and exported 30-million of them abroad, is looking to taking on an additional partner and expanding, Gold Fields CEO Nick Holland tells Mining Weekly Online. 

Daily podcast – July 2, 2008 

By: Shannon de Ryhove     2nd July 2008 In today's podcast: South Africa still has a problem filling senior positions in the public service sector, South Africa considers measures to limit the exportation of scrap metal, and mining companies in Ghana are negotiating with the government to seek a reduction in a 100% power rates increase. 

Daily podcast – July 1, 2008 

By: Shannon de Ryhove     1st July 2008 In today's podcast: Transnet outlines the approach it will take to raising the R36,6-billion it needs to help fund its capital programme, the price of petrol will not increase by the previously indicated 81c a litre, but by a lesser 74c a litre, and Lonmin shuts down its Number One furnace for at... 

Haggling over coal-line expansion continues as railed-volumes slip 

By: Terence Creamer     30th June 2008 Volumes railed on Transnet Freight Rail's (TFR's) coal line from the coalfields of Mpumalanga to the harbour at Richards Bay slumped by 5,2% to 63,5-million tons in 2007/8, the group's holding company, Transnet, reported on Monday. The fall came amidst allegations and counter allegations as to... 

Gold Fields to spend R500m on hostels, building 780 houses 

By: Martin Creamer     30th June 2008 South Africa's second-largest gold producer Gold Fields would be spending R500m-million in the next four years to upgrade its hostels and build 780 houses for its employees, CEO Nick Holland said on Monday. Holland said in opening new hostels at Gold Fields' Kloof gold mine near Carletonville... 

Daily podcast – June 30, 2008 

By: Shannon de Ryhove     30th June 2008 In today's podcast: SA govt iss looking for a "balanced" medium-term funding strategy for cash strapped power utility Eskom, petrol prices to increase on Wednesday, and Gold Fields, is to spend R518-million on upgrading hostels and building new houses for employees over the next four years. 

Daily podcast – June 27, 2008 

By: Sylvester Haskins     27th June 2008 In today's podcast: The IDC plans to list Foskor on the JSE in 2009, Jacob Maroga will forego his 2007/8 bonus and, the Johannesburg High Court rules in favour of gold-miner AngloGold Ashanti in terms of a R2,7-million occupational health disease claim. 

Omnia’s mining division suffers margin slump as raw material costs soar 

By: Brindaveni Naidoo     27th June 2008 The massive increase in the cost of raw materials is a challenge for diversified chemical services company Omnia’s mining division, which recorded a 9,8% decrease in its operating margins for the year ended March 2008. 

Wits Gold to accelerate development of its flagship project 

By: Leandi Kolver     27th June 2008 TSX- and JSE-listed Wits Gold is fast-tracking five of its 15 projects, including its flagship, the Bloemhoek project. situated between Gold Fields’ Beatrix mine, in the southern Free State, and Harmony’s Maryspruit operations. 

IDC's Foskor will head to JSE in 2009 

By: Matthew Hill     26th June 2008 State-owned financing company the Industrial Development Corporation (IDC) planned to list its majority owned phosphate and phosphuric acid producer Foskor on the JSE in 2009, after having transferred equity to employees and community groups. The IDC said on Thursday that its strategic partner... 

Daily podcast – June 26, 2008 

By: Shannon de Ryhove     26th June 2008 In today's podcast: CPIX accelerates to 10,9 percent year-on-year in May, only 11 CDM projects are found in South Africa and, Anglo American reviews its operations in Zim. 

Daily podcast – June 25, 2008 

By: Shannon de Ryhove     25th June 2008 In today's podcast: MTN agrees to buy ISP Verizon South Africa for an undisclosed amount, Neotel will not be increasing its prices, and Gold Fields says that its fourth quarter production would climb 4,5% on the previous three-month's figure, with its South African production showing a 6,6%... 

Daily podcast – June 24, 2008 

By: Shannon de Ryhove     24th June 2008 In today's podcast: CIC Energy still hopes to be generating electricity by early 2013, the Competition Commission raids the premises of Cape Town Iron and Steel Works, Highveld Steel and Vanadium Corporation, and the South African Iron and Steel Institute, and, BHP Billiton says it had approved... 

Daily podcast – June 23, 2008 

By: Shannon de Ryhove     23rd June 2008 In today's podcast: Telkom seeks to raise its tariffs by 2,4%, energy would be the focus of financial services firm Investec's environmental campaign for this year, and Congo's state diamond miner MIBA is close to signing a $140m loan deal with South African state lenders to rebuild its... 

Agnico-Eagle mulls growth at own projects, cautiously eyes potential targets 

By: Liezel Hill     20th June 2008 Notwithstanding CEO Sean Boyd's insistence that “it's not a race, we're not racing anywhere”, Canadian gold-miner Agnico-Eagle is unarguably making excellent time, with one new mine under its belt this year and another four to come over the next 18 months, not to mention an extension at its... 

Daily podcast – June 20, 2008 

By: Leandi Kolver     20th June 2008 In today's podcast: escalating construction costs significantly impact the infrastructure upgrades of the Airports Company of South Africa, it would be premature to say whether the National Treasury would concur with Nersa's recommendation that the R60-billion capital injection pledged by... 

High commodity prices are unsustainable – mining analyst 

By: Leandi Kolver     20th June 2008 “The world just cannot handle such high prices. It looks unrealistic. If economies are starting to slow down, finances are getting stretched and banks are writing off losses the high commodity prices are unsustainable. For prices to stay so high, they will all need financial firepower to... 

Simmers mulls financing options for potential growth projects, stock takes knock 

By: Matthew Hill     19th June 2008 Gold-miner Simmer & Jack Mines (Simmers) share price fell on a report that it was looking at financing options for potential capital projects, but CEO Gordon Miller stressed that the company "did not have to raise funds at all". Simmers share price, which had shown a dismal... 

Daily podcast – June 19, 2008 

By: Shannon de Ryhove     19th June 2008 In today's podcast: Nersa grants Eskom an average tariff increase of 27,5%, South Africa's Treasury wants to ensure Eskom is restored to financial health in the shortest time to prevent electricity shortages, and, Anglo American has evaluated possible major mergers amid a consolidation... 

Daily podcast – June 18, 2008 

By: Shannon de Ryhove     18th June 2008 In today's podcast: the Bureau for Economic Research said it's most recent survey of the manufacturing sector revealed a gloomy industry, the South African Chamber of Commerce and Industry reported that trade conditions remained depressed in May, and, PricewaterhouseCoopers said that... 

Miners cautioned to watch expenses as costs eroded 2007’s revenues 

By: Chanel de Bruyn     17th June 2008 While commodity prices were expected to remain strong in 2008, professional services firm PricewaterhouseCoopers (PwC) said on Tuesday that it was expecting prices to taper off slightly, and that some companies would come under pressure if they did not watch input and operational costs.... 

Daily podcast – June 17, 2008 

By: Shannon de Ryhove     17th June 2008 In today's podcast: Tito Mboweni says a s6% rise in electricity tariffs would be reasonable, it is expected that the contracts for the upgrading and widening of the R21 highway will be awarded in August, and, Rio Tinto will invest $371-million to automate its iron-ore railways in the Pilbara... 

Daily podcast – June 13, 2008 

By: Jonathan Faurie     13th June 2008 In today's podcast: Eskom says that it will begin quoting customers for new connections or upgrades above 100 kVA, OR Tambo International remains confident that it will see positive growth in its traffic volumes despite the escalating price of oil, and BRC DiamondCore signs a letter of... 

Daily podcast – June 12, 2008 

By: Shannon de Ryhove     12th June 2008 In today's podcast: recruitment problems and long-lead times were threatening to delay power utility Eskom's wind energy project, South Africa's business confidence declines further in the second quarter of the year, and Cosatu will start a campaign of rolling mass-action next... 

Bankers still keen to finance mining projects, despite global credit crunch  

By: Matthew Hill     11th June 2008 The global credit squeeze was not impacting on Rand Merchant Bank's (RMB's) and the Development Bank of South Africa's (DBSA's) appetite for financing mining projects, but was pushing up the costs of financing, a banker said on Wednesday. This came in the wake of repeated... 

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