R/€ = 13.83
R/$ = 10.86
Au 1230.01 $/oz
Pt 1271.00 $/oz
Oct 29, 2014
Three hundred people a year are doing courses in mechanised mining offered by the University of the Witwatersrand Centre for Mechanised Mining Systems (CMMS). CMMS director Dr Declan Vogt, who was interviewed by Mining Weekly Online at the university, sees one of the...
Oct 29, 2014
Strike-hit mining company Impala Platinum (Implats) has produced 25.5% fewer platinum ounces in the three months to September 30 than in the corresponding period last year. In line with reduced platinum production, group unit costs rose 62% to R26 698/oz of platinum,...
Oct 29, 2014
The long-awaited acquisition by Trans Hex of the Namaqualand diamond mines from De Beers has become effective. The JSE-listed Trans Hex expects to receive cash flows of R653-million over the life of Namaqualand Mines, which have a resource of between 1.6-million...
Oct 27, 2014
A roadmap for underground coal gasification (UCG) is on the way with its own association and charter, Fossil Fuel Foundation (FFF) stalwart Professor Lionel Falcon said at the weekend. Speaking at the FFF’s 20th anniversary awards banquet, Falcon said the UCG...
Oct 24, 2014
Diamond miner De Beers is putting R30-million a year behind its relentless search for the next big South African diamond mine
Oct 23, 2014
Diversified mining company Anglo American on Thursday reported 12% lower coal production for South Africa’s State electricity utility Eskom, 31% less refined platinum production, 4% lower iron-ore exports and fewer diamond carats from South African diamond mines, in...
Oct 22, 2014
Platinum mining company Northam on Wednesday concluded a fully funded ten-year R6.6-billion black economic-empowerment (BEE) equity transaction underpinned by a R4.6-billion capital raising, which has the potential to position the JSE-listed company as a fully...
Oct 21, 2014
Diamond company De Beers plans to maintain its diamond exploration spend in South Africa at R30-million to R35-million a year. De Beers Consolidation Mines (DBCM) CEO Phillip Barton, who spoke to Mining Weekly Online in a video interview (see attached) on the...
Oct 17, 2014
Former Eskom finance director Mick Davis has gathered in R50-billion for investment in South Africa’s hard-hit mining sector
Oct 16, 2014
The University of Pretoria’s new virtual reality mine design centre, which is on track to go into test mode in April, is set to revolutionise both surface and underground mine design. A total of R50-million is being invested in the centre, which will be put into a...