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Mining News

No State-industry schism - Mines Minister

27th June 2002 Following her presentation of the new Minerals and Petroleum Resources Development Bill to Parliament earlier this week, Minerals and Energy Minister Phumzile Mlambo-Ngcuka has commented that the Bill is the culmination of years of hard work by a team of people, all of whom were determined to... 

Black business-women back mining Bill

27th June 2002 Two of South Africa's most prominent black businesswomen, Louisa Mojela and Gloria Serobe, have strongly criticised elements of the South African mining industry for their opposition to the new Mining Bill. 

Tanzanite still recovering from terror link

By: Zonika Botha     27th June 2002 Following a difficult end to 2001, when the tanzanite industry came under heavy scrutiny after unsubstantiated allegations that there was a link between the gemstone and terrorist networks, the market is now beginning to recover, with prices improving and demand growing steadily. 

China gold drilling programme starts

27th June 2002 A major drill programme on the Gobi Gold Project has started. 

Work on Kansanshi copper mine could start this year

27th June 2002 Canada’s First Quantum Minerals earlier this week said its Kansanshi mine site in Zambia had the potential to yield 7,8-billion pounds of copper and 2-million oz of gold and production would start in 2004. 

Group calls for resource-sector transparency

26th June 2002 A UK-based humanitarian group leading the fight for corporate disclosure on payments to third world governments for raw materials, has called on the G8 meeting in Canada this week to back its campaign. 

Backing for E Cape mineral-sands project

26th June 2002 Australian company Mineral Commodities has received final approvals to secure a key investment by the South African Export Development Fund (SAEDF) which is expected to underpin the funding and development of the world class Xolobeni mineral sands project on South Africa's east coast. 

Resources giant to close SA lead-zinc mine

26th June 2002 Global minerals producer BHP Billiton said yesterday tough market conditions meant it would close the Pering lead zinc mine in South Africa ahead of schedule. 

Minister holds out olive branch to platinum leader

26th June 2002 Minister of Minerals and Energy Phumzile Mlambo-Ngcuka has held out an olive branch to the world’s leading platinum producer over the granting of mining licences. 

SA minister recommends court test for mine Bill

26th June 2002 South Africa's mining minister yesterday said she would advise President Thabo Mbeki to send a new law shifting mineral rights from private to state hands to the Constitutional Court before signing it into law. 

Not all gloom on Zambia's Copperbelt

25th June 2002 Resource company First Quantum Minerals has announced the results of the engineering study for the phase one development of First Quantum's 80%-owned Kansanshi copper-gold project in Zambia. 

Zim platinum miner's stock rises

25th June 2002 Shares in Zimbabwe Platinum Mines (Zimplats) rose more than 10% on the Australian stock market on Monday as more investors took a shine to rising platinum prices, brokers said. 

New Oz diamond mine at full production

25th June 2002 Australia’s newest diamond mine, the Ellendale Project in Western Australia, has commenced full production as owner Kimberley Diamond Company unveiled its first-ever diamond sale - a 4,552 carat parcel of gem-quality Ellendale diamonds that fetched US$451,052. 

Free State miner seeks London listing

25th June 2002 The Board of Thistle Mining announced its intention to seek a listing on the Alternative Investment Market of the London Stock Exchange, by way of a fundraising and placing of new ordinary shares in the company within the next two months. 

Black business, unions back mining Bill

25th June 2002 Given the size and historical importance of the South African mining industry, it was inevitable that any change to the architecture of mineral rights regime would cause unhappiness. 

Lawmakers get tough on mining Bill

25th June 2002 South Africa's ruling party abandoned months of negotiation with mine owners on Monday and endorsed without major amendments a bill critics say will hurt confidence in the industry that built the country's wealth. 

Holding firm plans platinum sale

25th June 2002 South African mining holding company Gencor said yesterday it was considering the sale of its stake in Impala Platinum, the world's second-largest producer of the precious metal. 

Platinum major responds to Minerals Bill

25th June 2002 A press statement issued by Anglo Platinum reads as follows: There has been considerable press coverage of the passage of the new Mineral and Petroleum Resources Development Bill (the Bill) during the recent parliamentary debates. 

SA gold miners Down Under

By: Martin Zhuwakinyu     24th June 2002 South African gold-mining firms have, in recent years, accelerated their foray into Australia, a largely surface-mining country now facing the challenge of going underground. 

Copper giant raises north Chile output

24th June 2002 The world's number one copper producer Codelco plans to boost output at its northern Chilean deposits to 1,4-million t by 2008. 

Construction of Ventersdorp gem mine moves ahead

24th June 2002 Construction of the phase one diamond mine at Ventersdorp in South Africa is proceeding on schedule with commercial production to commence in September 2002, Etruscan Resources and Mountain Lake Resources revealed last week. 

DRC copper-silver project beyond halfway mark

24th June 2002 Significant progress has been announced on the development of the Dikulushi copper-silver mine in the Democratic Republic of Congo (DRC). 

Taiwan buyers seek new zinc sources

24th June 2002 A shortage of Chinese zinc, exacerbated by dismal world prices and shipment delays, has been pushing premiums higher and forcing Taiwan buyers to explore alternatives to their main source, traders said. 

Limited mining Bill concessions announced

24th June 2002 South Africa's ruling party offered a limited concession on one key industry objection to a proposed minerals law on Friday, ignoring most of the mining companies' suggestions to reassure foreign investors. 

Parliamentary chairs respond to mining Bill concerns

24th June 2002 The joint chairs of the parliamentary committees on minerals and energy, Mosheen Moosa and Mbulelo Goniwe, have given details of amendments to the Minerals and Petroleum Development Bill. 

Gold firm moves towards US listing

24th June 2002 Gold company Randgold Resources has announced that it has filed a registration statement with the US Securities and Exchange Commission with the intention of listing in that country. 

$30m manganese-beneficiation plan

21st June 2002 Mineral research body Mintek is planning to capitalise on South Africa’s standing as the host of about 80% of the world’s known reserves of high-grade manganese ore. 

Sierra Leone looks to restart titanium mine

21st June 2002 Sierra Leone's titanium ore mine, shut by a brutal war in 1995, is looking for a $114-million World Bank loan to restart work at the biggest known rutile deposit within a year, the mines minister said. 

Canada PGM resource results by Sept

21st June 2002 Toronto Stock Exchange-listed Pacific North West Capital has reported assay results from nine additional holes on the River Valley platinum-group metals (PGM) property in Canada. 

Japan buyers cool on Russian palladium

21st June 2002 For years, Russia has exasperated Japanese importers with erratic palladium shipments. Now the shoe is on the other foot. 

Gold company merger next month

21st June 2002 JSE Securities Exchange-listed companies Consolidated African Mines Ltd (CAM) and JCI Gold expect a “dramatic improvement” in their financial results in the coming year, once the two companies have been merged into a new listed entity called JCI Ltd. 

Tanzanite miner offers support following disaster

21st June 2002 The vertically integrated coloured gemstone company Afgem, which has mining licence over Block C, Merelani in Northern Tanzania, has expressed its regret and dismay at the mining disaster that occurred on neighbouring Block B yesterday morning. 

Minerals department defends Bill

21st June 2002 Department of Minerals and Energy DG Sandile Nogxina has strongly defended government's proposed minerals legislation currently in front of parliament. 

PGM miner gets enviro approval for project

21st June 2002 Aquarius Platinum South Africa has received full approval of its environmental management programme (EMP) for operations at Marikana the Department of Minerals and Energy (DME). 

Support for Ghana miner’s debt restructuring

20th June 2002 African gold miner Ashanti Goldfields has won the backing of most of its bondholders for a life-saving debt-restructuring. 

Resources firm exits uranium

20th June 2002 A subsidiary of global mining giant BHP Billiton has reached an agreement for the sale of its wholly-owned Smith Ranch uranium mine in Wyoming, USA, to Cameco Corporation of Canada. 

China’s iron-ore import surge continues

20th June 2002 The iron-ore story of the last few years has been the story of Chinese imports. While steel companies around the world have been rationalising, China’s steel-sector restructuring has centered on improving quality – a strategy that depends significantly on imported ores. 

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