R/€ = 17.61 Change: 0.00
R/$ = 17.63 Change: 0.00
Au 1725.65 $/oz Change: 18.03
Pt 932.50 $/oz Change: 18.50

Latest Videos

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. 

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. 

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