R/€ = 17.06 Change: -0.02
R/$ = 16.35 Change: -0.06
Au 1809.55 $/oz Change: 14.61
Pt 891.50 $/oz Change: 1.50

Mining Indaba

SA's power crisis serious, but not a disaster - Anglo

By: Matthew Hill     5th February 2008 Anglo American, the mining company with the most operations in South Africa, CEO Cynthia Carroll on Tuesday said that the power crisis that has knocked the country's mining output severely this year was serious, but not a disaster, saying that key stakeholders needed to cooperate to surmount... 

Copper prices may ease; supply seen rising this year

By: Jade Davenport     4th February 2008 The outlook for the copper-trading price over the next four years was predicted to be substantially lower than the current prices of more than $7 200/t. 

US recession would rout base metals prices - economist

By: Jade Davenport     4th February 2008 Canada-based Dundee Wealth Economics chief economist Dr Martin Murenbeeld said on Monday that a looming recession in the US was the most immediate factor challenging the sustainability of curently-high commodity prices. 

GFMS maintains forecast of $1 000/oz gold by year-end

By: Jade Davenport     4th February 2008 Precious metals consultant GFMS CEO Dr Paul Walker reiterated on Monday that the gold price could reach as high as $1 000/oz by the end of 2008. 

Nickel 'well supported' at $25 000/t going forward

By: Matthew Hill     4th February 2008 The market for nickel, mainly used in stainless steel production, would support a price of $25 000/t going forward, VM Group CEO Jessica Cross said on Monday.  

Uranium faces continued bumpy ride

By: Matthew Hill     4th February 2008 The long-term fundamentals for the uranium price looked strong, with possible northward movement in the future, unless there was a worldwide recession, an expert on the nuclear fuel said on Monday. The 2007 uranium spot price was plagued by volatility, shooting upward in the first half of the... 

Supply pressures will offset any tapering off in platinum demand - expert

By: Matthew Hill     4th February 2008 The platinum price, which has shot through new highs above $1 700/oz this year, would average at more moderate levels, of between $1 300/oz and $1 400/oz, over the next ten years, SFA Oxford director Stephen Forrest said on Monday.  

Lack of iron-ore transparency decried

By: Martin Creamer     4th February 2008 The lack of transparency in the iron-ore business needed to be counteracted, Veteran iron-ore watcher Magnus Ericsson told the Mining Indaba in Cape Town on Monday.  

Optimistic growth forecast for Africa

By: Desislava Tzoneva     25th January 2008 Diversified mining company Anglo American is confident in the future growth of the South African mining industry, Anglo American media relations manager Pranill Ramchander tells Mining Weekly prior to this year’s Mining Indaba. 

New business strategy leads to increased produciton

By: Desislava Tzoneva     25th January 2008 Production at Trans Hex Group’s Luarica mining project in Angola, increased by 15% for the twelve month period ended 30 September 2007, and the company is pursuing an aggressive new business strategy, Trans Hex Group company secretary, George Zacharias tells Mining Weekly, before the... 

Gold Handbook to be launched at Indaba

By: Desislava Tzoneva     25th January 2008 Gold mining company AngloGold Ashanti, along with gold producer Gold Fields, will release the ‘Gold Handbook’ at the Mining Indaba this year, says AngloGold Ashanti public relations manager Cheryl Loots. 

Consultancy acquisition sees expansion into Africa

By: Desislava Tzoneva     25th January 2008 Mining consultancy company Coffey Mining, who will be exhibiting at this year’s Mining Indaba, has recently acquired research and development, design, and engineering company NS Consultancy, Coffey Mining operations manager for Africa Kevin Dabinett tells Mining Weekly.  

Diversified miner plans to double production by 2010

By: Desislava Tzoneva     25th January 2008 Diversified mining company African Rainbow Minerals (ARM) aims to double its current production in key commodities by 2010, executive director investor relations and new business development Pieter Rörich tells Mining Weekly. 

African exploration on Indaba agenda

By: Desislava Tzoneva     25th January 2008 Global gold producer Gold Fields has identified a need to explore opportunities in mining in Africa, and senior vice president Willie Jacobsz says that this should be an important focus of the upcoming Mining Indaba. 

Mine design software to be showcased at Indaba

By: Desislava Tzoneva     25th January 2008 Vancouver based mining software company Gemcom Software International, and TSE-listed under the symbol GCM, will showcase its new Underground Design module for Gemcom Surpac at the upcoming Mining Indaba, sales director David Osborn tells Mining Weekly. 

Mining’s biggest event draws global attention

By: Desislava Tzoneva     25th January 2008 Preparations for the annual Mining Indaba, entitled ‘Africa is open for business, are under way. The event, which is scheduled to take place from February 4-7, 2008, will be held at the Cape Town Convention Centre. 

African mining industry still faced with challenges

By: Desislava Tzoneva     25th January 2008 Mining representative body, the Chamber of Mines (CoM) of South Africa, which will be attending this year’s Mining Indaba, has identified four significant challenges still encountered in the mining industry, communications adviser Sibongiseni Dlamini tells Mining Weekly. 

Platinum offers up global potential

By: Desislava Tzoneva     25th January 2008 Mining representative body, the South African Chamber of Mines (CoM) communications adviser Sibongiseni Dlamini tells Mining Weekly that platinum holds the biggest potential for growth in the global mining industry. 

Diamond-miner to expand agricultural hub in Kungwini

25th January 2008 Diamond miner De Beers will undertake a R2-million expansion of the agricultural hub in Kungwini in partnership with the Kungwini local municipality, a part of the Metsweding District Municipality in which the Cullinan Diamond Mine (CDM) operates. 

Global mining conferences get an early start

By: Desislava Tzoneva     25th January 2008 The Mining Indaba is one of several international mining conferences on this year’s calendar, including the third South African Coal Exports Conference, hosted by the McCloskey Group, which will take place between January 31 and February 1 this year, in Cape Town. 

Mpumalanga exploration project to be discussed at Indaba

25th January 2008 ‘New Gold from Old Goldfields’ is the title of emerging South African gold and uranium resources company, Simmer and Jack Mines’ presentation at the Mining Indaba this year. The presentation will discuss the company’s exploration projects on the Transvaal Gold Mining... 

Leveraging Africa's resources will expedite Africa's renaissance, says Minister as Indaba takes on 'Mining's Davos' dimension

By: Martin Creamer     9th March 2007 Leveraging Africa’s resources to benefit the entire continent will expedite Africa’s renaissance, says South Africa’s Minerals & Energy Minister Buyelwa Sonjica. 

African miners can create economic welfare that outlives mines, says Randgold's Bristow

By: Martin Creamer     9th March 2007 Miners in Africa have the ability to create economic welfare that long outlives their mines, says Randgold Resources CEO Dr Mark Bristow, whose company has paid $550-million to African host countries in taxes, dividends and royalties in the last ten years and skilled up 3 300 people. 

Initiatives identified to improve productivity of local gold sector - Monitor Group

By: Jade Davenport     9th March 2007 A study that was initiated in 2005 by the key stakeholders in the South African gold mining sector has identified 13 key initiatives that need to be examined and addressed in order to improve the long-term sustainability and productivity of the gold sector. 

Commodity price 'bubble' expected to undergo correction soon, says Nedbank's Mark Tyler 

By: Jade Davenport     9th March 2007 The current super-cycle that was characterising global resource commodity prices was anticipated soon to recede back to normal trading levels that were primarily dictated by supply and demand fundamentals, Nedbank head of mining and resources Mark Tyler said. 

Anglo Base opens office in DRC

By: Martin Creamer     9th March 2007 Africa has taken dramatic steps towards improving its economic, political and investor climate, says Anglo American Southern Africa Acting CEO Philip Baum. 

Continued software growth in Africa

By: Martin Creamer     9th March 2007 Mining productivity solutions provider Gemcom Software International reported continuing growth of its operations in Africa, with the addition of new personnel, locations and an expanded range of offerings. 

Rio Tinto to spend 'at least' $15m on exploration in Africa in 2007

By: Martin Creamer     9th March 2007 Diversified mining major Rio Tinto plans to conclude its order-of-magnitude study at Chapudi in South Africa by second quarter of this year.?Exploration head Eric Finlayson reports that Rio Tinto has completed the resource delineation drilling for the study. 


By: Jade Davenport     9th March 2007 Black empowered mining house African Rainbow Minerals (ARM) said it was well on track to achieve its target of doubling the size of the company and reducing cost of production by 2010. 

Indaba puts R500m into economy, organiser calculates

By: Martin Creamer     9th March 2007 The Mining Indaba’s net annual knock-on effect to the South African economy is a half a billion rand, International Investment Conferences (IIC) VP Tim Wood calculates. 

Ensure that gold's not resource curse, pleads AngloGold Ashanti's Godsell

By: Martin Creamer     9th March 2007 African gold company AngloGold Ashanti wanted to demonstrate to the governments of the six African countries in which it operated that gold was a resource blessing and not a resource curse, said CEO Bobby Godsell. 

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