R/€ = 18.4776 Change: -0.0216
R/$ = 17.5353 Change: -0.0148
Au 1797.91 $/oz Change: 0.00
Pt 1020.00 $/oz Change: 0.00

Latest Videos

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... 

Daily podcast - May 9, 2008 

By: Sheila Barradas     9th May 2008 In today's podcast: the agenda for the national energy summit likely to be finalised at a special Presidential joint-working group on May 12, SA looking to improt LNG, and Lonmin starts studies into generating its own power. 

Infrasors lifts FY earnings, embarks on R81m capex programme 

By: Christy van der Merwe     8th May 2008 Gauteng-based industrial materials and mining group Infrasors on Thursday reported that headline earnings a share had more than doubled, as it increased production and sales. Headline earnings a share jumped 111% to 44,6c a share in the year ended February 29, compared with the pro forma Heps... 

Lonmin considers power options to continue platinum growth  

By: Chanel de Bruyn     8th May 2008 The world's third-largest platinum producer, Lonmin, has started initial studies into generating its own power to boost supplies to its South African mines, CEO Brad Mills said on Thursday. "We have to consider the possibility that to continue growth we may have to put in alternatives... 

Daily podcast - May 8, 2008 

By: Shannon de Ryhove     8th May 2008 In today's podcast: China Mobile Ltd is interested in the South African market but no bid for MTN, business confidence declines to lowest level in 2008, and Harmony Gold reports a 650% increase in net profit. 

Gold industry ‘not in good shape' despite high price, says Randgold's Bristow 

By: Martin Creamer     7th May 2008 The gold industry is "not in good shape", despite the gold price being at record levels, says Randgold Resources CEO Dr Mark Bristow. 

Daily podcast - May 7, 2008 

By: Shannon de Ryhove     7th May 2008 In today's podcast:power crisis presents opportunities for Powertech, PPC posts net profit of R674-million, and AngloGold Ashanti is confident of moving towards full production capacity at local operations. 

AngloGold eyes full production at SA mines despite power crunch 

By: Matthew Hill     6th May 2008 South Africa’s biggest gold-miner AngloGold Ashanti reiterated on Tuesday that it was confident of moving towards full production capacity at its local operations and said that it would “claw back” a large slice of the gold ounces it had expected to lose because of the national... 

World's ‘least expensive' gold stock lifts 9% on hedge slashing, big Colombian discovery 

By: Martin Creamer     6th May 2008 Share value of the world's ‘least expensive' gold stock rose more than 9% on Tuesday hot on the heels of AngloGold Ashanti announcing that it would raise R11,9-billion from shareholders to slash its much-criticised hedge. 

Daily podcast - May 6, 2008 

By: Shannon de Ryhove     6th May 2008 In today's podcast: Bharti Airtel bids for 51% of MTN, Eskom suspends new DSM projects because of 'cash flow issues', and AngloGold Ashanti reports a more than fivefold increase in adjusted headline earning for Q1. 

Daily podcast - May 5, 2008 

By: Shannon de Ryhove     5th May 2008 In today's podcast: inspections at Gold Fields regarding the integrity of winding ropes completed, BHP Billiton to spend nearly $2-billion expanding an alumina refinery in Australia, and Eskom to suspend scheduled load-shedding from May 5, 2008. 

Arson to blame for many underground fires, say commentators 

By: Esmarie Iannucci     2nd May 2008 Underground mine arson is a real threat in today’s mining industry, says fire technology and consulting services, Firelab. “Arson, as such, is a very sensitive subject but the reality is that it does take place,” says Firelab’s fire and industrial risk specialist Karel van... 

Industry support admirable, but more support is needed – Wits 

By: Jonathan Faurie     2nd May 2008 Although there is an admirable level of support from industry in the education of students in mining degrees, more support is needed in order to make a significant move in resolving the current skills crises, reports the Wits School of Mining Engineering. 

Drastic measures to avert the skills crisis 

By: Jonathan Faurie     2nd May 2008 Drastic measures to avert the current skills crisis that South Africa is experiencing, is taking root through an initiative between industry role-players. 

Safety campaigning Carroll sings, dances, commiserates with 5 000 Anglo miners 

By: Martin Creamer     30th April 2008 Mine safety campaigner Cynthia Carroll disclosed on Tuesday that she had sung, danced and commiserated with 5 000 South African mineworkers during her latest visit. Ebullient Anglo American CEO Carroll said: "Last week, I had the opportunity to see 5 000 of our employees at various... 

Daily podcast - April 30, 2008 

By: Shannon de Ryhove     30th April 2008 In today's podcast: Eskom releases its expression of interest for new base-load IPPs, Eskom expected to receive a term sheet from National Treasury in the next couple of weeks, Anglo American receives new-order mineral rights for all operations, and NUM president says mine workers are... 

‘Cyclone Cynthia' wins new-order mining rights holus-bolus for Anglo American 

By: Martin Creamer     29th April 2008 With unprecedented success, whirlwind Anglo American CEO Cynthia Carroll has succeeded in securing new-order mining rights holus-bolus for the diversified miner's South African operations. The only remaining loose ends relate to Anglo Platinum's (Angloplat's) 50:50 joint venture... 

Daily podcast - April 29, 2008 

By: Shannon de Ryhove     29th April 2008 In today's podcast: Nersa grants Nedlac and Busa submission extensions to Eskom's 60% tariff increase, Anglo American Q1 output is curbed, and uranium production at AngloGold Ashanti expected to surge 60% by 2012 from 2007. 

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... 

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