R/€ = 17.03 Change: 0.03
R/$ = 16.39 Change: -0.10
Au 1799.56 $/oz Change: -15.46
Pt 888.00 $/oz Change: -28.50

Latest Videos

Miners incentivised like taxi drivers - paid to take risks and die, NUM president decries at safety summit 

By: Martin Creamer     29th April 2008 Mine workers were being incentivised in the same way as taxi drivers to take risks and to get killed in the process, National Union of Mineworkers (NUM) president Senzeni Zokwana denounced at the Anglo tripartite safety summit in Johannesburg, on Tuesday. 

Daily podcast - April 25, 2008 

By: Keith Campbell     25th April 2008 In today's podcast: South Africa could still attain its target of 6% growth from 2010 despite the serious power emergency, South Africa could be dogged by blackouts for at least another 10 years, and platinum slips back into a deficit of over 200 000 oz after global mine output declined. 

Turgis joins forces with Netherlands consultancy 

By: Fatima Gabru     25th April 2008 Netherlands-based consultancy and engineering group, DHV, announced that pending competition commission approval, it has acquired the share capital of South African planning and design consultants of mining operations Turgis Technology. 

SA to study why it is a resources-investment laggard  

By: Terence Creamer     24th April 2008 A leading economic figure in the South African government offered the frankest acknowledgement yet on Thursday that South Africa had been slow to fully grasp the opportunities arising from the commodity-price boom and revealed that a study was being launched to assess ways of materially... 

Daily podcast - April 24, 2008 

By: Shannon de Ryhove     24th April 2008 In today's podcast: Deputy President Phumzile Mlambo-Ncguka states that the matter of foreign recruitment of priority skills has become important, Transnet will begin construction of the R11,2bn multiproduct fuel pipeline in August, and the power crisis could cut production from Anglo... 

Over 200 mining-related land claims still outstanding – SA govt  

By: Matthew Hill     23rd April 2008 While government has settled the bulk of land claims to address dispossession during apartheid, there are still 207 outstanding claims for ground where mining takes place, and these could take as long as another five years to settle, when taking into account studies in other countries, an... 

Freeport almost doubles Tenke Fungurume cost estimate 

By: Liezel Hill     23rd April 2008 The Tenke Fungurume copper/cobalt project in the Democratic Republic of Congo (DRC) may cost around $1,9-billion to build, nearly double an October estimate of $1-billion, US miner Freeport-McMoRan Copper & Gold said on Wednesday. Freeport operates the project and owns an effective 57,75%... 

Daily podcast - April 23, 2008 

By: Shannon de Ryhove     23rd April 2008 In today's podcast: BUSA requests that Nersa abandon its current accelerated review of Eskom's price increase, BHP Billiton reports a 22% rise in Q3 iron-ore production, and an Investec portfolio manager says the platinum price is expected to close this year above $2400/oz. 

Teck expects record copper, coal profits in coming year 

By: Liezel Hill     22nd April 2008 Diversified Canadian miner Teck Cominco expects earnings from its copper and coal businesses will rise to their highest levels ever in the next year, as demand from China and other emerging economies continues at a galloping pace. CEO Don Lindsay said that he did not expect a falling off in... 

Daily podcast - April 22, 2008 

By: Shannon de Ryhove     22nd April 2008 In today's podcast: The ANC's National Working Committee agrees that the public participation process being run by Nersa should continue, global steel production rose by 5,8% in March, and Newcrest Mining will earn a 50% stake in Harmony Gold's Papua New Guinea gold and copper assets. 

Australia’s Newcrest to partner Harmony in PNG projects 

By: Matthew Hill     22nd April 2008 Australia’s biggest gold producer, Newcrest Mining, will earn a 50% stake in number-three African gold producer Harmony Gold’s Papua New Guinea (PNG) gold and copper assets by spending up to $525-million, the two companies said on Tuesday. The two would jointly operate the assets,... 

Daily podcast - April 21, 2008 

By: Shannon de Ryhove     21st April 2008 In today's podcast: CIC Energy Corp rapidly takes forward an export coal initiative from the Mmamabula Energy complex in Botswana, automobile industry executives forecast another boom year in China in 2008, and Riversdale Mining initiates a study into the feasibility of building a 500 MW... 

African Eagle targets first copper before 2010 in rapid move from explorer to miner 

By: Martin Creamer     18th April 2008 AltX-listed African Eagle had taken a strategic decision to move from explorer to miner as quickly as possible and was looking to producing its first copper before South Africa's 2010 World Cup was looking to move from being an exploration company to becoming a mining company as quickly as... 

High copper price to boost mining investment in Zambia - expert 

By: Matthew Hill     18th April 2008 From 2000, when Zambia had largely completed the process of privatising its mining sector, up until 2006, the country's resource industry had caught the fancy of some $2-billion in investment, an expert said on Friday. And given the current healthy price of copper, which was the cornerstone... 

CIC Energy moves on Mmamabula coal-export initiative 

By: Christy van der Merwe     18th April 2008 In light of the ever-increasing coal prices, CIC Energy Corp, responsible for the Mmamabula Energy complex in Botswana, was “rapidly taking forward an export coal initiative” from the complex, which would involve the construction of a new trans-border corridor from Botswana to the... 

Daily podcast - April 18, 2008 

By: Dennis Ndaba     18th April 2008 In today's podcast: world trade growth will slow to 4,5% this year says the WTO, Rio Tinto expects production volumes to grow at a compound rate of 8% a year from 2008 to 2015, and the SAHRC subpoenaes the Ministers of Minerals and Energy, Agriculture and Land Affairs and Environmental... 

Higher moly prices on the horizon - Thompson Creek chief 

By: Liezel Hill     17th April 2008 With demand for molybdenum at a steady increase, and not much in the way of new supply prospects on the horizon, Thompson Creek Metals chairperson and CEO Kevin Loughrey expects that prices for the metal will approach historical highs over the next two to three years. “We think the future... 

Harmony to announce PNG partner by month-end  

By: Matthew Hill     17th April 2008 Africa's number-three gold producer Harmony Gold hopes to announce a partner for its Papua New Guinea (PNG) assets by the end of the month, CEO Graham Briggs said on Thursday. "The intention is to disclose our partner in PNG in the latter part of this month (April)," Briggs said... 

Daily podcast - April 17, 2008 

By: Shannon de Ryhove     17th April 2008 In today's podcast: Government spokesperson Thema Maseko describes the delay in the release of Zimbabwe election results as 'dire', the Pamodzi Resources Fund and Harmony Gold announce the name of the new uranium venture, and Andrew Etzinger says the method of DSM project... 

Daily Podcast - April 16, 2008 

By: Hilary Klopper     16th April 2008 In today's podcast: South Africa's President Thabo Mbeki on Tuesday again came under criticism over his perceived denialist stance on the Zimbabwean crisis, with African National Congress treasurer general Matthews Phosa saying he "must listen to" the ruling party's... 

Daily podcast - April 15, 2008 

By: Shannon de Ryhove     15th April 2008 In today's podcast: representatives of the SA government, business and organised labour attend the signing of the metals and engineering sector summit agreement, Keaton Energy will start trading its shares on the Johannesburg bourse on April 22, and a further two interest rate hikes in the... 

Daily podcast - April 14, 2008 

By: Shannon de Ryhove     14th April 2008 In today's podcast: Solar streetlights are installed on Kenmare street in Yeoville as part of the inner city rejuvenation project, the IMF is urged to keep closer tabs on the global economy to prevent future crises, and Pamodzi Gold will spend about R60-million to repair and refurbish... 

Daily podcast - April 11, 2008 

By: Hilary Klopper     11th April 2008 In today's podcast: South Africa's delegation to the WTO needs to be resilient and dogged in the face of attempts from first world powers to discredit it, South Africa's total mining output falls by 7,3% year-on-year, and tight South African mineral codes are released in Johannesburg. 

People are emigrating. We develop them and they go – Chamber of Mines president   

By: Martin Creamer     11th April 2008 ‘People are emigrating. We develop them and they go. This is real. It’s facing us as a country. We need to deal with it, South African Chamber of Mines president, Exxaro Resources CEO Sipho Nkosi, who describes the skills issue as ‘a national crisis’ 

Daily podcast - April 10, 2008 

By: Shannon de Ryhove     10th April 2008 In today's podcast: Transport Minister Jeff Radebe asserts that the first phase of the Gautrain will be completed for the World Cup, precious metals consultancy GFMS expects gold will continue to rally until at least early 2009, and Group Five says that decentralised power could help... 

Vibratory screen system cuts conventional system's electricity usage 

By: Leandi Kolver     10th April 2008 Plant, equipment and accessory manufacturer Gondwanaland Diamonds South Africa MD Gavin Armstrong says the company has developed a vibratory screen that can cut conventional screen systems' electricity usage by up to a quarter of the electricity.  

Daily podcast - April 9, 2008 

By: Shannon de Ryhove     9th April 2008 In today's podcast: Should Eskom succeed in its request for a 60% tariff increase it could be poised to earn a R12,7 billion profit after tax, The Chamber of Mines is establishing an Employment and Skills Development Agency to train unemployed learners to be artisans, and Telkom dispells... 

Daily podcast - April 8, 2008 

By: Shannon de Ryhove     8th April 2008 In today's podcast: Nersa gives Eskom permission to have commercially sensitive information on its tariff increase withheld from publication, Caledonia Mining hopes to complete a feasibility study on its Nama cobalt project by early June, and South Africa's 'e-government'... 

Daily podcast - April 7, 2008 

By: Shannon de Ryhove     7th April 2008 In today's podcast: Eskom investigates the possibility of using closed mines for a high head underground pump storage scheme, Anglo Platinum moves to further dispel allegations of human rights abuses against relocated communities, and the Competition Tribunal impses a R145-million fine on... 

Daily podcast - April 4, 2008 

By: Christy van der Merwe     4th April 2008 In today's podcast: Eskom COO of generation Brian Dames is "very worried" about the state of the utility's power stations, production from AngloGold Ashanti's SA operation has been restored to 100% at a lower 96% electricity allocation, and the Department of Transport... 

Underground diamond production by year-end, says DiamondCorp CEO Loudon 

By: Martin Creamer     4th April 2008 London AIM-listed DiamondCorp, now also JSE listed, is essentially a South African operating company. The company is at the very early stages of putting the historic Lace diamond mine in the Free State back into production for the first time since it shut in 1930. What it has shown to date is... 

Daily podcast - April 3, 2008 

By: Shannon de Ryhove     3rd April 2008 In today's podcast: Eskom issues shocking warning that it could be forced to cut back or halt certain projects, Eskom seeks to 'narrow' its coal specifications to the top end of its quality spectrum, and the DME terminates a R5-billion contract with AES. 

Eskom ready to pay higher prices for better coal quality 

By: Terence Creamer     2nd April 2008 State-owned power utility Eskom would seek to "narrow" its coal specifications to the top end of its quality spectrum, in a bid to improve the operation of its coal fleet and limit load losses, which had been at the heart of recent supply-side underperformance. It was now common cause... 

Daily podcast - April 2, 2008 

By: Shannon de Ryhove     2nd April 2008 In today's podcast: Buyelwa Sonjica stresses that Eskom's requested 53% tariff hike is 'not finalised yet', the newly elected ANC leadership will ensure overall continuity to legislation governing mining in SA, and Zambia begins enforcing a new tax code that will see mining... 

Top official puts miners on notice that new ANC will ‘push harder’ on social issues 

By: Matthew Hill     1st April 2008 The newly elected African National Congress (ANC) leadership would ensure overall continuity to legislation governing mining in South Africa, but there could also be some change, particularly with regard to the role mining could play in rural development, secretary general Gwede Mantashe said on... 

Daily podcast - April 1, 2008 

By: Shannon de Ryhove     1st April 2008 In today's podcast: South Africa's monthly trade deficit narrowed to R5,8-billion in February, Trevor Arran says it is 'criminal' that 40% of South Africans are unemployed at a time of global mining boom, and Ian Cockerill says South Africa's extractive industries are... 

Wesizwe to move ahead with R5,6bn, 230 000-t/m project 

By: Dennis Ndaba     31st March 2008 JSE-listed platinum exploration and development company, Wesizwe Platinum mine, has given the go-ahead for the construction of a new R5,6-billion mine on the Frischgewaagd-Ledig complex, following positive results from a bankable feasibility study (BFS) that was delivered on time and within budget. 

‘Criminal' that 40% of SA is jobless while global mining booms, says Exxaro's Arran 

By: Martin Creamer     31st March 2008 It was "criminal" that 40% of South Africans were unemployed at a time of global mining boom and South Africa needed to turn its ‘talent' into skills, Exxaro Resources GM Trevor Arran said on Monday. South Africa had "massive" current and future mining projects,... 

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