R/€ = 16.81 Change: -0.01
R/$ = 15.70 Change: -0.05
Au 1862.02 $/oz Change: 2.25
Pt 956.00 $/oz Change: -9.00

Latest Videos

Daily podcast – June 10, 2008 

By: Shannon de Ryhove     10th June 2008 In today's podcast: Busa calls on government to created a favourable regulatory environment for the private sector to invest in electricity supply, Telkom will add an extra R2-bn to its R30-bn capex programme, and Buyelwa Sonjica says SA will maintain power supply to some mines at 95% of... 

Daily Podcast - June 09, 2008 

By: Shona Kohler     9th June 2008 In today's podcast: FitchRatings indicates it is likely to downgrade Eskom if it fails to secure a 60% tariff increase, Competition Tribunal chairperson David Lewis expresses concern about a 'personal liability' provision in the Draft Competition Amendment Bill, and Impala Platinum... 

Revived old Joburg gold mines may begin producing earlier, from bigger resource 

By: Leandi Kolver     6th June 2008 The remining of Johannesburg – 122 years after George Harrison’s initial 1886 gold discovery – is now poised to begin sooner than expected and involve a bigger resource than originally announced, Mining Weekly understands. The London- and Johannesburg-listed mining company,... 

Daily Podcast - June 6, 2008 

6th June 2008 In today's podcast: Alstom alerts Eskom that China quake has potential to impact turbine order, intellectual property seen raising Africa revenues and barring more power shocks in South Africa, there is slim chance of new platinum high this year 

Pit redesign increases Infrasors mine’s operating life to 28 years  

By: Guy Copans     6th June 2008 The pit redesign at resources company Infrasors Holding’s Lyttelton Dolamite mine, in Pretoria, has nearly tripled the life- of-mine, increasing it from 12 years to 28 years, and possibly even more, says Infrasors CEO Le Roux Roets. 

Revived old Joburg gold mines may begin producing earlier, from bigger resource 

By: Leandi Kolver     6th June 2008 The re-mining of Johannesburg - 122 years after George Harrison’s initial 1886 gold discovery - is now poised to begin sooner than expected and involve a bigger resource than originally announced, Mining Weekly understands. 

Daily Podcast - June 5, 2008 

5th June 2008 In today's podcast: a new rail link may soon connect Cape Town’s business area with the airport, African ports lack capacity to meet growing demand and Norilsk shelves Botswana Tati Activox plan on cost worries. 

Daily Podcast - June 4, 2008 

4th June 2008 In today's podcast: Eskom pores over first 15 cogeneration bids and is still hoping for 3 000 MW, new vehicle sales slow to lowest level since 2004, and Barrick's Sokalsky says Industry needs $700/oz gold price to stay afloat. 

Daily Podcast - June 3, 2008 

By: Hilary Klopper     3rd June 2008 In today's podcast: local government kicks off a two-day climate change summit, Nersa to hold public hearings to consider proposed Eskom wind farm, and world coal shortfall is expected to last at least two or three years. 

Daily podcast – June 2, 2008 

By: Shannon de Ryhove     2nd June 2008 In today's podcast: a South African-designed, battery-operated passenger car is to be unveiled early next year, diesel will be 73% higher year-on-year next Wednesday when prices increase by 71c, and Zambia will increase power rationing to domestic consumers while supplies to mines will be... 

Daily podcast – May 30, 2008 

By: Guy Copans     30th May 2008 In today's podcast: Eskom CEO Jacob Maroga said that the power utility spends R23-million every working hour, Sasol announces the names of 50 BEE groups to participate in its Inzalo empowerment transaction, and Rio Tinto Alcan says it expects its Coega aluminium smelter to only come on line... 

Daily podcast – May 29, 2008 

By: Shannon de Ryhove     29th May 2008 In today's podcast: SA's electricity crisis will remain for years and power cuts will continue well into the future says Eskom, SARB Governor Mboweni says drastic measures are needed to bring down inflation, and Trans Hex has begun a feasibility study at the Luana prospect in Angola. 

Daily Podcast – May 28, 2008 

By: Shannon de Ryhove     28th May 2008 In today's podcast: Busa agrees that electricity tariffs probably need to double but argues that the economy did not not have the absorptive capacity to deal with a 100% price hike over two years, President Thabo Mbeki says Africa needs to ensure that its growth is sustainable and spread... 

Shares rise as diamond junior Kimberley Consolidated Mining lists on JSE's AltX 

By: Martin Creamer     27th May 2008 The shares of debutant Kimberley Consolidated Mining (KCM) rose 11% in rapid trading after the diamond junior listed on Tuesday on the alternative AltX exchange of the Johannesburg Stock Exchange. The 300-employee KCM listed 450-milion shares at R1 a share, and its market capitalisation rose to... 

Daily Podcast – May 27, 2008 

By: Shannon de Ryhove     27th May 2008 In today's podcast: Vodacom Group reports strong growth in profit, MTN Group starts talks with Indian mobile operator Reliance Communications, and Water Affairs and Forestry Minister Lindiwe Hendricks signs MoA for second phase of the Olifants river Water Resources Development Project. 

State, Limpopo miners sign water-scheme agreement  

By: Chanel de Bruyn     26th May 2008 Water Affairs and Forestry Minister Lindiwe Hendricks on Monday signed a memorandum of agreement (MoA) with 23 mining houses in Limpopo province for the development of the second phase of the Olifants River Water Resources Development Project (ORWRDP), which would be funded through private and... 

Daily podcast – May 26, 2008 

By: Shannon de Ryhove     26th May 2008 In today's podcast: the NUM condemns xenophobia attacks, the Chamber of Mines says that Eskom should not get the 60% tariff hike it wants, and Europe's farm chief gives a mixed welcome to a revised negotiating text on agriculture for a global trade deal. 

Xenophobic violence unacceptable, says NUM  

By: Chanel de Bruyn     23rd May 2008 South Africa's National Union of Mineworkers (NUM) on Friday condemned the violent attacks on foreigners, describing it as a "disgrace to our revolution". "We need to bow our heads in shame," NUM president Senzeni Zokwana said, addressing NUM delegates at a two-day... 

Daily podcast – May 23, 2008 

By: Mariaan Webb     23rd May 2008 In today's podcast: Neotel unveils its long-awaited consumer offering, Eskom chairperson Valli Moosa breaks his silence, and CoM chief economist Roger Baxter states that a smoothed approach of increasing electricity prices is the best way for SA to proceed. 

Canadian junior on the fast track to reopen former Billiton mine 

By: Liezel Hill     22nd May 2008 Toronto-based Adex Mining hopes to be in a position this time next year to make a production decision on its Mount Pleasant project, in New Brunswick, Canada, which could then see it producing its first metal in 2010. Mount Pleasant was built and developed by the then Billiton in the eighties,... 

Daily podcast – May 22, 2008 

By: Shannon de Ryhove     22nd May 2008 In today's podcast: Transnet awards a R2,5-billion construction contract for the new multiproduct fuel pipeline, China and South Africa discuss trade cooperation, and DRDGold suffers production setbacks at its ERPM operation owing to the xenophobic violence.  

Daily podcast – May 21, 2008 

By: Shannon de Ryhove     21st May 2008 In today's podcast: the South African Rail Commuter Corporation plans to replace its entire fleet of 4 600 commuter trains, Eskom CE Jacob Maroga says it won't be useful to force issues on the coal industry, and the DME has commissioned a study to draft a 'coal master plan'. 

Eskom won’t force miners’ hands as coal exports threaten security of supply 

By: Matthew Hill     20th May 2008 While soaring coal prices were a key driver behind Eskom’s latest and much-debated application to the energy regulator for significant electricity price increases, CE Jacob Maroga said on Tuesday that it “won’t be useful to force” issues on the coal industry. However, he... 

Daily podcast – May 20, 2008 

By: Shannon de Ryhove     20th May 2008 In today's podcast: Nersa suggests that Eskom should not manage the procurement of new private generation capacity, BHP Billiton to bring large diesel generator sets to its Hotazel manganese mines, and global demand for gold falls 16% y/y in Q1 of 2008. 

Daily podcast – May 19, 2008 

By: Shannon de Ryhove     19th May 2008 In today's podcast: The IMF expects a GDP growth rate of 6,5% for sub Saharan Africa for 2008, Sasol votes through its R26-billion BEE deal, and the ANC suggests that Eskom should pay for its coal on a cost-plus basis. 

Commodities remain crucial to Africa's growth - IMF 

By: Christy van der Merwe     16th May 2008 Nonoil commodities would remain crucial to Sub Saharan Africa's growth outcome, the International Monetary Fund (IMF) said on Friday, and estimated that for every 1% decline in global economic growth, sub-Saharan African growth would decline by about 0,5%. At its regional economic outlook... 

Daily podcast – May 16, 2008 

By: Shona Kohler     16th May 2008 In today's podcast: Eskom has asked Nersa to more than double its DSM programme to R2,5-billion, a new electricity pricing policy was approved by Cabinet this week, details of which will be announced at the electricity summit on Friday, and AngloGold Ashanti has ceased discussions related to... 

Demand for Africa’s minerals to underpin AEL’s growth 

By: Matthew Hill     15th May 2008 Explosives manufacturer AEL,a subsidiary of JSE-listed AECI, forecast revenue of R1-billion from African countries excluding South Africa, it said on Thursday. The global commodities boom has sparked a new rush for the continent's minerals, pushing up demand for the firm's products. 

Daily podcast - May 15, 2008 

By: Shannon de Ryhove     15th May 2008 In today's podcast: Eskom remains 'cautiously optimistic' that it will squeeze through winter without load shedding, SA government is likely to set out a 'smoothed' tariff-increase scenario at the energy summit, and Sylvania Resources' biggest challenge is how to... 

Sylvania seeks ways to spend ‘mountain of cash’, targets 70 000 oz by 2010 

By: Christy van der Merwe     14th May 2008 The biggest challenge for platinum-from-dumps producer Sylvania Resources, was how to spend the “mountain of cash” it had started generating, as the company reported a 34% increase in production to 4 802 oz platinum group metals (PGMs) in the March quarter, and looked set to produce... 

Daily podcast - May 14, 2008 

By: Shannon de Ryhove     14th May 2008 In today's podcast: construction contractors may have to complete close-out reports for projects soon, SAA issues request for information to Airbus and Boeing for fleet plan, and new Angloplat CEO Neville Nicolau says safety is mine's moral licence to operate. 

New Angloplat CEO hopes to fix miner's safety reputation  

By: Matthew Hill     13th May 2008 CEO designate of the world's biggest platinum producer, 48-year old mining engineer Neville Nicolau, said on the day of the announcement of his appointment that "safety is our moral licence to operate". This came after his predecessor quit his job because of pressures around... 

Daily podcast - May 13, 2008 

By: Shannon de Ryhove     13th May 2008 In today's podcast: Rio Tinto Alcan's task team looking into the timing of its planned aluminium smelter at Coega was making good progress, the Energy Intensive Users Group was sceptical of the utility's ability to continue through winter without load shedding, and Pamodzi is... 

Pamodzi Gold looking to buy more mines, chairperson Ntsele reiterates 

By: Martin Creamer     12th May 2008 Gold junior Pamodzi was looking to buy more gold mines, chairperson Ndaba Ntsele told Mining Weekly Online on Monday. Ntsele said that the company was talking to its neighbours in both Orkney and the Free State to buy adjacent mines. 

Daily podcast - May 12, 2008 

By: Shannon de Ryhove     12th May 2008 In today's podcast: the ANC and its communist and labour union allies call for review of electricity supply to energy-intensive projects, Africa's telecoms industry needs fresh boost to continue growth, and DRDGold initiates PFS at ERPM. 

One down, four to go as Agnico-Eagle pours first gold at Goldex 

By: Liezel Hill     9th May 2008 One might be forgiven for wondering whether someone at Canadian gold miner Agnico-Eagle Mines has a penchant for the number five. The company has just poured the first gold bar at the first of five mines that it will commission over the next eighteen months, in order to grow production by five... 

DRDGold studies long-term ERPM expansion, but for now retrenchments loom 

By: Christy van der Merwe     9th May 2008 Despite the woes experienced by JSE-listed DRDGold at its East Rand Proprietary Mines (ERPM) operation, the company remained convinced of the attractiveness of the resource, and had initiated a pre-feasibility study investigating the re-engineering of underground infrastructure at the mine, which... 

Gold Fields looking to develop West Wits surface assets  

By: Matthew Hill     9th May 2008 Number-two African gold producer Gold Fields and its bigger competitor, AngloGold Ashanti, have decided against partnering to exploit their West Wits surface uranium and gold assets, but the smaller firm might build its own processing plant, new CEO Nick Holland stated on Friday. Holland said... 

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