R/€ = 18.05 Change: 0.13
R/$ = 14.88 Change: 0.11
Au 1869.49 $/oz Change: 14.18
Pt 1104.06 $/oz Change: 5.83

Latest Videos

Podcast - December 05, 2007 

By: Olivia Soraya Spadavecchia     5th December 2007 In this podcast: South African mine workers made history as it stages a nationwide safety strike; Exxaro says it will assess downstream opportunities; and Rockwell unveils a plan to more than double its current production. 

Workers, employers should join hands to stop mine deaths - Chamber 

By: Matthew Hill     4th December 2007 Employers and mineworkers need to work together to improve safety conditions in South Africa's mines, and if the situation had not changed after Tuesday's strike, then it had been a "waste of a day", a Chamber of Mines (CoM) official said. Meanwhile, the National Union of... 

Weakening dollar hitting diamond margins, says De Beers MD Penny 

By: Martin Creamer     30th November 2007 The weakening US dollar was having a "very significant impact" on margins, De Beers MD Gareth Penny said on Friday. Also applying pressure were high costs, but only a modest rise in the diamond price. He said of the outlook for diamond sales in the run up to the crucial Christmas... 

Rockwell unveils 80 000 ct/y high-value gem plan as it makes JSE debut 

By: Matthew Hill     30th November 2007 Gem-miner Rockwell Diamonds, which debuted on the JSE on Friday, has set an ambitious target of more than doubling its current production to as much as 80 000 ct/y by 2011, CEO Dr John Bristow said. The company, which compared its high-value diamonds to those that Clifford Elphick's Gem... 

On-The-Air (30/11/2007) 

By: Martin Creamer     30th November 2007 In this broadcast: SA's paper giant Mondi eyeing Russia's softwood treasure trove; Two SA entrepreneurs developed the world's most advance piston engine for GA aircraft; Plastic dump key ingredient for "green" car. 

Podcast - November 28, 2007 

By: Keith Campbell     28th November 2007 In this podcast: A South African court approves a deal between the Richtersveld community and the State, ending a decade long legal tiff; Rio Tinto outlines growth prospects in an attempt to fend off a takeover bid from BHPBilliton; and De Beers sells its iconic Cullinan mine to a consortium led... 

SA court approves Richtersveld agreement, Alexkor to be recapitalised 

By: Matthew Hill     27th November 2007 South Africa's Public Enterprises Minister Alec Erwin said on Tuesday that it could be "interesting" to consider establishing a diamond beneficiation industry in the Richtersveld, where government has finalised an agreement with the community, after a decade-long legal tiff. He... 

Mine project firm TWP’s shares leap 30% on listing 

By: Martin Creamer     26th November 2007 The shares of mine engineering, construction and project management company TWP leapt more than 30% on listing on the main board of the JSE on Monday. 

On-the -Air (23/11/2007) 

By: Martin Creamer     23rd November 2007 In the broadcast: Two SA coal mining company have spent R3-m to turn dirty mine water into drinking water; Company owned by black women raising R4-bn for SA's first new manganese mine & smelter; Another coal-fired power station in Botswana; 

Cullinan capable of million carats a year for next 20 years, says Petra 

By: Martin Creamer     22nd November 2007 The Cullinan resource had capacity to produce more than a million carats a year “comfortably” for the next 20 years, London AIM-listed Petra Diamond CEO Adonis Pouroulis said on purchasing the iconic South African gem operation on Thursday for R1-billion. Pouroulis told Mining Weekly... 

Eskom to study how surging coal price can be contained 

By: Matthew Hill     22nd November 2007 South Africa’s electricity company Eskom will next year launch a comprehensive study into to how it can contain the surging price of coal that it used to generate nearly 90% of the country’s power, finance director Bongani Nqwababa said on Thursday.  

Scharrig bullish on energy, plans new Botswana coal mine 

By: Matthew Hill     21st November 2007 JSE-listed Scharrig Mining, soon to be called Sentula Mining, will by the end of the year select one of its three Botswana coal resources to complete a prefeasibility study on by March 2009, it said on Wednesday. Part of the study would involve interrogating what the production would be used for,... 

Podcast - November 21, 2007 

By: Guy Copans     21st November 2007 In this podcast: Kalagadi Manganese selects ArcelorMittal as its strategic equity partner to develop a new manganese project; Zimbabwe publishes draft legislation to give the State a free 25% stake in all mining companies operating in that country; and Uranium One sees a new record high for the... 

BHP-Rio deal meets China's ‘more product, more quickly' imperative, says Kloppers 

By: Martin Creamer     17th November 2007 The integration of rival mining giants BHP Billiton and Rio Tinto into a single entity would help to meet China's need for greater volumes of product to be delivered at a faster pace, BHP Billiton CEO Marius Kloppers said in Johannesburg on Saturday.  

On-The-Air (16/11/2007) 

By: Martin Creamer     16th November 2007 On the air with Martin Creamer and SAFM: Two multi-billion rand pumped-storage power stations being built; SA diamonds to be beneficiated locally rather than abroad; Photonics strategy on how country should harness the speed of light. 

Production difficulties to drive uranium price to a new peak 

By: Matthew Hill     15th November 2007 Fast expanding nuclear fuel producer Uranium One CEO Neal Froneman "does not see any reason why the uranium price will not" scale new peaks in the next year to 18 months, as various difficulties hold back production across the globe, he said on Thursday. One production hurdle was the... 

Lonmin warns on cost pressures, reworks '08 production target 

By: Matthew Hill     14th November 2007 World number-three platinum-miner Lonmin said on Wednesday that it would once again miss the elusive one-million ounce production mark in 2008, after staff hassles and a fire at its smelter marred its results for the year ended September 30. Its woes were compounded by gross costs of sales for... 

Podcast - November 14, 2007 

By: Jonathan Faurie     14th November 2007 In this podcast: BHP makes an offer for Rio Tinto; AngloGold Ashanti COO Neville Nicolau quits; Johnson Matthey forecast a new record for the platinum price. 

DRC mining review ‘far from model of transparency' 

By: Olivia Soraya Spadavecchia     13th November 2007 The Democratic Republic of Congo (DRC) mining review was "far from a model of transparency", and could be negatively impacted by budgetary issues, and a lack of standardisation, London-based business risk consultancy Control Risk said on Tuesday. Associate director for the Middle East and Africa... 

Platinum price may hit $1 575/oz - Johnson Matthey  

By: Christy van der Merwe     13th November 2007 Platinum could trade as high as $1 575 during the next six months, precious metals refiner Johnson Matthey forecast on Tuesday, when it released its Platinum 2007 interim review. The company expected the market into 2008 to remain "pretty tight", and the fundamentals, which have been a stimulus... 

SA platinum supply well below expectation, says Johnson Matthey 

By: Martin Creamer     13th November 2007 Platinum supply from South Africa had been well below expectation and the industry would move back into supply deficit this year instead of the anticipated surplus, Johnson Matthey GM marketing Jeremy Coombes on Tuesday. 

Harmony pioneers commercial royalty that could well be a mechanism for lowering BEE risk 

By: Leandi Kolver     9th November 2007 Much as it is common practice for writers to claim royalties from books they sell to publishers, mining companies are now realising the potential the royalty route can have for the industry, following on trends set by international royalty gurus, and industry legends such as Pierre Lassonde and... 

On-The-Air (09/11/2007) 

By: Martin Creamer     9th November 2007 In the broadcast: Americans & French are fighting it out for a share of SA's lucrative nuclear business; Eskom signs contracts for new coal-fired power station; SA gold-mining company investing in new gold mine in Ivory Coast. 

Beneficiate voluntarily or we'll force you to, Nogxina warns 

By: Martin Creamer     7th November 2007 The government would force companies to locally beneficiate South Africa's metals and minerals if they failed to do so voluntarily, Department of Minerals and Energy (DME) DG Sandile Nogxina warned on Wednesday. Nogxina said, at the opening of the new African Romance diamond cutting, polishing... 

Podcast - November 7, 2007 

By: Gerrit Bezuidenhout     7th November 2007 In the podcast: AngloGold Ashanti takes new line on its hedge book; Katanga Mining & Nikanor announce merger to form Africa's largest copper producer; DRC defends its mining review. 

Black-owned South African diamond 'first' will rival Cartier, Gucci, CEO predicts 

7th November 2007 The products of new black-owned diamond beneficiation company African Romance would be the first African brand to stand alongside Gucci and Cartier, CEO Mohseen Moosa predicted in Johannesburg on Wednesday. 

Whatever we do on royalties won’t hurt mining industry, Sonjica assures 

By: Martin Creamer     6th November 2007 Ongoing discussions on mining royalties within the National Treasury, the Department of Minerals and Energy and the Chamber of Mines would ensure that the mining industry was not hurt by their imposition, Minerals & Energy Minister Buyelwa Sonjica said on Tuesday. "We are very mindful that the... 

Double royalty of great concern, says new Chamber of Mines president 

By: Martin Creamer     6th November 2007 The issue of double mining royalties was of great concern, new South African Chamber of Mines president Sipho Nkosi said on Tuesday. 

On-The-Air (02/11/2007) 

By: Martin Creamer     2nd November 2007 In this broadcast: Botswana taking steps towards realising its diamond dream of becoming Africa's Antwerp; US ordering another batch of 500 armoured vehicles; SA planning to launch Africa's first commercial space rocket.  

Must be successful at depth to have a future, says new AngloGold CEO Cutifani 

By: Martin Creamer     1st November 2007 Gold company AngloGold Ashanti had to be successful at depth to create a future, its new CEO Mark Cutifani said on Thursday. 

AngloGold Ashanti tackles hedge book 

By: Matthew Hill     1st November 2007 Africa’s number-one gold producer AngloGold Ashanti can be expected to actively work to mitigate the negative effect of its hedge book on its bottom line going forward, after it has seen one of the biggest quarterly increases in the price of the yellow metal in recent times. In the quarter ended... 

JCI, R&E shareholders may vote on merger in new year 

By: Matthew Hill     31st October 2007 Shareholders of fraud-hit JCI and Randgold & Exploration may vote on the firms' proposed merger in January, after which the firm could joint-venture to develop its exploration properties, or sell its assets, officials said on Wednesday. 

Podcast - October 31, 2007 

By: Sylvester Haskins     31st October 2007 In this podcast: Gold Fields warns of a gloomy cost outlook; New coal firm, with familiar faces at the helm, heads for JSE; Mmamabula energy projects gets environmental approval. 

On-The-Air (26/10/2007) 

By: Martin Creamer     26th October 2007 In this broadcast: There are as many barrel of oil in SA's coal reserves as in Saudi Arabia's oil reserves 

Gold Fields warns of gloomy cost outlook 

By: Mariaan Webb     25th October 2007 South African gold producer Gold Fields' cash costs, which were one of the main culprits for the drop in its September quarter's earnings, could continue to nudge upwards in the 2008 fiscal year, the company said on Thursday. In the three months to September, cash costs went up by 7%, but Gold... 

New entrant Keaton plans 2 mt/y coal output in medium term 

By: Matthew Hill     24th October 2007 A new coal junior, Keaton Energy, plans to raise some R300-million by the time that it lists on the JSE by end-March, and produce two-million tons a year of the fuel within three years, it said on Wednesday. Speaking to journalists in Johannesburg, MD Paul Miller said that firm could start... 

Podcast - October 24, 2007 

By: Mariaan Webb     24th October 2007 In this podcast: Botswana aims to take its place among diamond cutting & polishing centres of the world; Govt expects to launch far-reaching safety audit; Cames presses ahead with DRC investment. 

On-The-Air (19/10/2007) 

By: Martin Creamer     19th October 2007 In this broadcast: 40 cars power only by sunshine - race from JHB to CT next year; SA & Australia fighting it out for right to list radio telescope; JHB will showcase Manufacturing Technology International Exhibition. 

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