R/€ = 17.60 Change: 0.00
R/$ = 17.40 Change: 0.23
Au 1725.03 $/oz Change: 17.41
Pt 932.58 $/oz Change: 18.58

Latest Videos

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 ( – 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... 

Daily podcast – September 18, 2008 

By: Shannon de Ryhove     18th September 2008 In today's podcast: York Timbers is working towards becoming a 100% vertically integrated company, manufacturing business confidence declines to a nine-year low and, the DRC's mining review process is in its final phase. 

Daily podcast – September 17, 2008 

By: Shannon de Ryhove     17th September 2008 In today's podcast: Eskom will unveil the first cogeneration projects by the end of this month, Rainbow Millennium Power Company director Hugo Stewart says there is huge potential for using circulating fluidised bed technology to generate energy from waste coal and, Anglo Platinum's Amandelbult... 

Daily podcast – September 16, 2008 

By: Shannon de Ryhove     16th September 2008 In today's podcast: Airbus expects South Africa's air traffic to increase by 7%, PPC has released the final 1 200-page environmental-impact report for its planned R4-billion expansion and upgrade of Riebeeck cement factory and, a mineworker has died at Anglo Platinum's Amandelbult mine. 

Daily podcast – September 15, 2008 

By: Shannon de Ryhove     15th September 2008 In today's podcast: the World Bank, Sweden and Japan will jointly finance Zambia's $100-million power upgrades and expansion projects, aviation group 1time has agreed to buy a 77,5% stake in Safair Technical and, Impala Platinum is in discussions with South Africa's Mvelaphanda Resources and... 

Daily podcast – September 12, 2008 

By: Mariaan Webb     12th September 2008 In today's podcast: Mathews Phosa, insists that South Africa's macroeconomic frameworks will remain in place, Datatec announces that it has acquired a 50,01% stake in Indian ICT distribution business Inflow Technologies, South Africa's total mining output dropped by 12,6% in July. 

Copper demand increases exploration activity  

By: Sylvester Haskins     12th September 2008 Mineral exploration and mine expansion projects in Zambia continue to intensify amidst the surge in commodity prices and copper demand, consulting engineering group SRK Consulting principal consultant Alan Naismith tells Mining Weekly.  

Sallies turns around as fluorspar price hits $400/t high spot  

By: Martin Creamer     11th September 2008 The turnaround of troubled fluorspar-miner Sallies was coinciding with a dramatic surge in the spot price of the mineral to $400/t-plus, Sallies CEO Tom Dale said on Thursday. Dale said that the JSE-listed Sallies had already succeeded in negotiating higher prices for its fluorspar and would be... 

Daily podcast - September 11, 2008 

By: Shona Kohler     11th September 2008 In today's podcast: Residential housing developer Nu Citi Developments is to transform an old mine hostel; South Africa’s business confidence dropped further in the third quarter of 2008; and the National Union of Mineworkers has called on all its members to observe a day of mourning whenever a... 

Daily podcast – September 10, 2008 

By: Shannon de Ryhove     10th September 2008 In today's podcast: The operator of the Coega Industrial Development Zone is seeking to appoint an adviser to assist in the construction and operation of a gas-fired power station, an estimated 20 000 MW will be needed from independent power producers by 2025 and, South African coal miners should... 

Major Drilling sees 'structural changes' in exploration landscape, but no demand let-up  

By: Liezel Hill     9th September 2008 Although there are clear shifts under way in the commodities and companies driving global mineral exploration, the fundamental demand for mineral drilling services remains stronger than ever, Major Drilling president and CEO Francis McGuire told shareholders in Toronto on Tuesday. The New... 

Ontario fast-tracks mining law revamp to bring much-needed clarity, 'balance' - Minister 

By: Liezel Hill     9th September 2008 Ontario's Minister of Northern Development and Mines, Michael Gravelle, has defended the pace at which his Ministry set about soliciting submissions on changes to the province's century-old Mining Act, saying that a protracted consultation process would only have prolonged the uncertainty for... 

Daily podcast – September 9, 2008 

By: Shona Kohler     9th September 2008 In today's podcast: Sasol will spend R70-billion in capital expenditure in the next three years, Aveng reports strong performance, and Exxaro is hoping to export 26-million tons of coal a year from the Waterberg region in South Africa. 

Eastern Goldfields plans to list on Amex or TSX in new year 

By: Liezel Hill     8th September 2008 South African gold-miner Eastern Goldfields (EGI) plans to raise $35-million in equity finance to fund the development of its Mpumalanga gold assets, and will then seek a listing on a senior stock exchange early in 2009, CEO Mike McChesney said in Toronto on Monday. “We will probably look at the... 

Sasol chooses Limpopo coal for Mafutha CTL project 

By: Martin Creamer     8th September 2008 Transport fuel-from-coal manufacturer Sasol had selected a coalfield in the western part of South Africa’s Limpopo province as part of its prefeasibility study into the proposed Mafutha coal-to-liquids (CIL) project, Sasol executive director Benny Mokaba said on Monday. Mokaba said – during... 

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