R/€ = 16.99 Change: -0.05
R/$ = 16.24 Change: 0.00
Au 1816.63 $/oz Change: 0.04
Pt 918.03 $/oz Change: -7.47

Latest Videos

On-The-Air (25/01/2008) 

By: Martin Creamer     25th January 2008 In this broadcast: Cogeneration - the new electricity buzzword; Japan manufacturing components for SA's promising nuclear power innovation - PBMR; The world is splashing out R100bn on a massive international nuclear experiment that mimics star power.  

Podcast - January 23, 2007 

By: Shannon de Ryhove     23rd January 2008 In this week’s podcast: China steel’s the throne as the world’s largest gold producer; Bernard Swanepoel re-emerges onto the mining scene; and Vale confirms it is in talks with Xstrata. 

On-The-Air (18/01/2008) 

By: Martin Creamer     18th January 2008 In this broadcast: Surging youth interest in studying engineering; SA's enactment of a good set of new mine water laws; Ecsa finding it impssible to cope with increasingly burdensome workload. 

Metorex finds share plunge 'bizarre' 

By: Matthew Hill     16th January 2008 JSE- and LSE-listed diversified miner Metorex said on Wednesday that the recent weakening of its share price was "bizarre", as the firm's fundamentals "have never, ever been better", but it expected that trading in its securities should stabilise after its offer to Copper... 

Podcast - January 16, 2007 

By: Irma Venter     16th January 2008 In this week’s podcast: Exxaro unveils plans to start exports of lower-grade coal to India, AngloGold Ashanti says it will consider a court challenge over export taxes in Argentina, and De Beers coughs up $295m in a settlement.  

AfroCentric in nickel, coal partnerships with Rio Tinto  

By: Matthew Hill     15th January 2008 Black-owned investment firm AfroCentric Investment Corporation, in which some of the biggest names in South African business are involved, has signed cooperation agreements with diversified mining giant Rio Tinto to partner on African nickel and coal projects, and was looking for further deals in... 

Podcast - January 9, 2008 

By: Hilary Klopper     9th January 2008 In this week’s podcast: Harmony Gold appoints Graham Briggs as CEO; South Africa’s mine safety audit gets under way; gold hits a record high and two prominent South African mining executives join an Indian-owned resources company.  

On-The-Air (14/12/2007) 

By: Martin Creamer     14th December 2007 In this podcast: Two of the world's largest mining companies investing R6bn in two large SA coal mines; Water short Namibia is resorting to the sea to supply water to a new uranium mine; Australian rail and port specialists are in SA trying to help steamline the export of manganese.  

Podcast - December 12, 2007 

By: Sheila Barradas     12th December 2007 In this week’s podcast: South Africa releases its third and final royalty bill, revising the tax base and slashing royalties on most minerals; BHP Billiton and Anglo American announce two major coal projects and Metorex unveils plans to move into platinum mining.  

Govt to do balanced assessment of mining and environmental issues in Xolobeni mine-right review 

By: Christy van der Merwe     11th December 2007 A group of about 50 peaceful protesters from the Xolobeni community, in the Eastern Cape, handed over a petition in support of the proposed heavy minerals mining project in the area, to the Department of Minerals and Energy (DME) on Tuesday. 

On-The-Air (07/12/2007) 

By: Martin Creamer     7th December 2007 In this broadcast: Transnet's purchase of 212 locos expected to get freigt back on rail; Two SA cities looking to BRT to solve their public transport problems by 2010; New Durban-to-Johannesburg petrol-pipeline has to begin early next year. 

Gifting season crucial for diamonds, says De Beers MD Penny 

By: Martin Creamer     7th December 2007 The current gifting season is crucial for diamonds, says De Beers MD Gareth Penny. Penny says that this is because 85% of diamonds are gifted from a man to a woman.  

Acquisitive diamond junior to make SA investment decisions early 2008  

By: Matthew Hill     5th December 2007 What will in January be newly combined BRC Diamond Core, to be listed on the TSX, JSE and Amex markets, will have an important first quarter in 2008, when it is set to make investment decisions on certain South African alluvial and kimberlite mines. While the man that is set to serve as CEO of... 

Podcast - December 05, 2007 

By: Olivia Soraya Spadavecchia     5th December 2007 In this podcast: South African mine workers made history as it stages a nationwide safety strike; Exxaro says it will assess downstream opportunities; and Rockwell unveils a plan to more than double its current production. 

Workers, employers should join hands to stop mine deaths - Chamber 

By: Matthew Hill     4th December 2007 Employers and mineworkers need to work together to improve safety conditions in South Africa's mines, and if the situation had not changed after Tuesday's strike, then it had been a "waste of a day", a Chamber of Mines (CoM) official said. Meanwhile, the National Union of... 

Weakening dollar hitting diamond margins, says De Beers MD Penny 

By: Martin Creamer     30th November 2007 The weakening US dollar was having a "very significant impact" on margins, De Beers MD Gareth Penny said on Friday. Also applying pressure were high costs, but only a modest rise in the diamond price. He said of the outlook for diamond sales in the run up to the crucial Christmas... 

Rockwell unveils 80 000 ct/y high-value gem plan as it makes JSE debut 

By: Matthew Hill     30th November 2007 Gem-miner Rockwell Diamonds, which debuted on the JSE on Friday, has set an ambitious target of more than doubling its current production to as much as 80 000 ct/y by 2011, CEO Dr John Bristow said. The company, which compared its high-value diamonds to those that Clifford Elphick's Gem... 

On-The-Air (30/11/2007) 

By: Martin Creamer     30th November 2007 In this broadcast: SA's paper giant Mondi eyeing Russia's softwood treasure trove; Two SA entrepreneurs developed the world's most advance piston engine for GA aircraft; Plastic dump key ingredient for "green" car. 

Podcast - November 28, 2007 

By: Keith Campbell     28th November 2007 In this podcast: A South African court approves a deal between the Richtersveld community and the State, ending a decade long legal tiff; Rio Tinto outlines growth prospects in an attempt to fend off a takeover bid from BHPBilliton; and De Beers sells its iconic Cullinan mine to a consortium led... 

SA court approves Richtersveld agreement, Alexkor to be recapitalised 

By: Matthew Hill     27th November 2007 South Africa's Public Enterprises Minister Alec Erwin said on Tuesday that it could be "interesting" to consider establishing a diamond beneficiation industry in the Richtersveld, where government has finalised an agreement with the community, after a decade-long legal tiff. He... 

Mine project firm TWP’s shares leap 30% on listing 

By: Martin Creamer     26th November 2007 The shares of mine engineering, construction and project management company TWP leapt more than 30% on listing on the main board of the JSE on Monday. 

On-the -Air (23/11/2007) 

By: Martin Creamer     23rd November 2007 In the broadcast: Two SA coal mining company have spent R3-m to turn dirty mine water into drinking water; Company owned by black women raising R4-bn for SA's first new manganese mine & smelter; Another coal-fired power station in Botswana; 

Cullinan capable of million carats a year for next 20 years, says Petra 

By: Martin Creamer     22nd November 2007 The Cullinan resource had capacity to produce more than a million carats a year “comfortably” for the next 20 years, London AIM-listed Petra Diamond CEO Adonis Pouroulis said on purchasing the iconic South African gem operation on Thursday for R1-billion. Pouroulis told Mining Weekly... 

Eskom to study how surging coal price can be contained 

By: Matthew Hill     22nd November 2007 South Africa’s electricity company Eskom will next year launch a comprehensive study into to how it can contain the surging price of coal that it used to generate nearly 90% of the country’s power, finance director Bongani Nqwababa said on Thursday.  

Scharrig bullish on energy, plans new Botswana coal mine 

By: Matthew Hill     21st November 2007 JSE-listed Scharrig Mining, soon to be called Sentula Mining, will by the end of the year select one of its three Botswana coal resources to complete a prefeasibility study on by March 2009, it said on Wednesday. Part of the study would involve interrogating what the production would be used for,... 

Podcast - November 21, 2007 

By: Guy Copans     21st November 2007 In this podcast: Kalagadi Manganese selects ArcelorMittal as its strategic equity partner to develop a new manganese project; Zimbabwe publishes draft legislation to give the State a free 25% stake in all mining companies operating in that country; and Uranium One sees a new record high for the... 

BHP-Rio deal meets China's ‘more product, more quickly' imperative, says Kloppers 

By: Martin Creamer     17th November 2007 The integration of rival mining giants BHP Billiton and Rio Tinto into a single entity would help to meet China's need for greater volumes of product to be delivered at a faster pace, BHP Billiton CEO Marius Kloppers said in Johannesburg on Saturday.  

On-The-Air (16/11/2007) 

By: Martin Creamer     16th November 2007 On the air with Martin Creamer and SAFM: Two multi-billion rand pumped-storage power stations being built; SA diamonds to be beneficiated locally rather than abroad; Photonics strategy on how country should harness the speed of light. 

Production difficulties to drive uranium price to a new peak 

By: Matthew Hill     15th November 2007 Fast expanding nuclear fuel producer Uranium One CEO Neal Froneman "does not see any reason why the uranium price will not" scale new peaks in the next year to 18 months, as various difficulties hold back production across the globe, he said on Thursday. One production hurdle was the... 

Lonmin warns on cost pressures, reworks '08 production target 

By: Matthew Hill     14th November 2007 World number-three platinum-miner Lonmin said on Wednesday that it would once again miss the elusive one-million ounce production mark in 2008, after staff hassles and a fire at its smelter marred its results for the year ended September 30. Its woes were compounded by gross costs of sales for... 

Podcast - November 14, 2007 

By: Jonathan Faurie     14th November 2007 In this podcast: BHP makes an offer for Rio Tinto; AngloGold Ashanti COO Neville Nicolau quits; Johnson Matthey forecast a new record for the platinum price. 

DRC mining review ‘far from model of transparency' 

By: Olivia Soraya Spadavecchia     13th November 2007 The Democratic Republic of Congo (DRC) mining review was "far from a model of transparency", and could be negatively impacted by budgetary issues, and a lack of standardisation, London-based business risk consultancy Control Risk said on Tuesday. Associate director for the Middle East and Africa... 

Platinum price may hit $1 575/oz - Johnson Matthey  

By: Christy van der Merwe     13th November 2007 Platinum could trade as high as $1 575 during the next six months, precious metals refiner Johnson Matthey forecast on Tuesday, when it released its Platinum 2007 interim review. The company expected the market into 2008 to remain "pretty tight", and the fundamentals, which have been a stimulus... 

SA platinum supply well below expectation, says Johnson Matthey 

By: Martin Creamer     13th November 2007 Platinum supply from South Africa had been well below expectation and the industry would move back into supply deficit this year instead of the anticipated surplus, Johnson Matthey GM marketing Jeremy Coombes on Tuesday. 

Harmony pioneers commercial royalty that could well be a mechanism for lowering BEE risk 

By: Leandi Kolver     9th November 2007 Much as it is common practice for writers to claim royalties from books they sell to publishers, mining companies are now realising the potential the royalty route can have for the industry, following on trends set by international royalty gurus, and industry legends such as Pierre Lassonde and... 

On-The-Air (09/11/2007) 

By: Martin Creamer     9th November 2007 In the broadcast: Americans & French are fighting it out for a share of SA's lucrative nuclear business; Eskom signs contracts for new coal-fired power station; SA gold-mining company investing in new gold mine in Ivory Coast. 

Beneficiate voluntarily or we'll force you to, Nogxina warns 

By: Martin Creamer     7th November 2007 The government would force companies to locally beneficiate South Africa's metals and minerals if they failed to do so voluntarily, Department of Minerals and Energy (DME) DG Sandile Nogxina warned on Wednesday. Nogxina said, at the opening of the new African Romance diamond cutting, polishing... 

Podcast - November 7, 2007 

By: Gerrit Bezuidenhout     7th November 2007 In the podcast: AngloGold Ashanti takes new line on its hedge book; Katanga Mining & Nikanor announce merger to form Africa's largest copper producer; DRC defends its mining review. 

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