R/€ = 20.51 Change: 0.04
R/$ = 17.27 Change: 0.06
Au 2043.78 $/oz Change: 9.88
Pt 977.79 $/oz Change: 25.19

Mining News

Big exploration plans from marine miners

12th August 2002 Severus Shivolo, mine manager of Trans Hex's MV Namakwa, describes marine diamond-mining as "one day honey, one day onions". Indeed, it's a game of see-sawing fortunes, and only dogged exploration, hitech equipment and unique skills can ensure the unlocking of this treasure-chest. 

Now PGM miner lambasts commodity-price rises

9th August 2002 Another senior mine executive has come out guns blazing against excessive commodity price increases. Northam Platinum MD Ian Watson attacked steel and chemical producers who have both increased prices dramatically. 

Gold firm, labour department in training initiative

By: Zonika Botha     9th August 2002 South Africa’s largest gold producer, AngloGold, and the South African Department of Labour have launched a special training programme, which aims to help alleviate the high levels of unemployment in the Carletonville West Wits area. 

China zinc firms to trim output

9th August 2002 China's key zinc producers are expected to trim output significantly this year as languishing metal prices and a dearth of concentrates haunt the industry, company officials said yesterday. 

Shares in resources giant still undervalued – analysts

9th August 2002 Shares in BHP Billiton, the world's largest diversified miner, remained undervalued despite a solid annual profit result, resource analysts said yesterday. 

Positive results from Canadian PGM drill

9th August 2002 Canadian platinum group metals producer, Pacific North West Capital Corporation, (PFN) has reported additional assays from its recently completed phase 5 drilling programme at River Valley, situated 50 km northeast of the City of Greater Sudbury in Ontario. 

Early start mooted for Richards Bay titanium furnace

By: Terence Creamer     9th August 2002 Australian titanium dioxide feedstock producer, Ticor, is confident that its first furnace at its Richards Bay project in Kwazulu-Natal, South Africa, will be up and running by the end of the year, three months ahead of schedule. 

SA gold giant cautious on gold price

8th August 2002 South African miner AngloGold yesterday said suggestions that gold prices would trade higher were "over-optimistic". 

First shipment soon from Rwanda tin operation

8th August 2002 Metal Processing Association (MPA) will make its first shipment of tin in August from operations in Rwanda, where it aims to produce 200 tons a month within three months, said the company which will market the metal, Hochschild Partners LLC of New York. 

Substation for Jwaneng mine

8th August 2002 Switchgear and electrical distribution specialist ABB Power Technologies Medium Voltage has won a contract worth more than R700 000 for the design, supply, delivery and pre-commissioning of a five-panel 66kV/400V containerised and skid-mounted mobile substation for the Jwaneng Diamond Mine in... 

Gilbertson calls for calm on mine charter

By: Terence Creamer     8th August 2002 The South African CE of the world’s largest diversified miner brought a semblance of objectivity to the row surrounding the proposed mining charter yesterday suggesting that the initiative could even provide opportunities. 

State, platinum giant reach accord on mining permits

8th August 2002 The world's leading platinum producer Anglo Platinum and the Department of Minerals and Energy (DME) have reached agreement on six of Anglo Platinum's applications for mining authorisations. 

Iscor dismayed by monopoly-pricing allegations

By: Terence Creamer     7th August 2002 South Africa’s largest steel producer Iscor has reacted with dismay to allegations that it was acting in an anti-competitive manner by raising its prices, saying that such claims were misinformed. 

Mining group takes big step in Aids fight

By: Zonika Botha     7th August 2002 In what is regarded as a momentous step towards fighting the rampant Aids pandemic, mining giant Anglo American yesterday announced its plans to make anti-retroviral therapy (ART) available to those HIV-infected employees across its operating companies, who do not have access to an ART benefit... 

Strong performance from gold explorer

7th August 2002 London and Nasdaq-listed gold producer, Randgold Resources, has sustained its strong performance with a 51% improvement in net profit for the June quarter, while its half-year operating profit from mining increased by 38% year-on-year. 

DRC copper mine to produce 730 000 t copper ore

7th August 2002 Canada's First Quantum Minerals said its Lonshi mine in the Democratic Republic of Congo would produce 730 000 tons of ore grading 5,43% copper in the fiscal year ending November 2002. 

Ghana gold group's results buoyed by gold price

7th August 2002 African gold miner Ashanti Goldfields yesterday reported a 33% rise in second-quarter earnings, with higher gold prices and a shrinking interest bill outweighing a fall in production. 

Mali tightens controls on mining companies

7th August 2002 Mali, Africa's third biggest gold producer and host to nearly 100 mining companies, has set up a commission to tighten controls on firms operating in the sector, officials at the Mines Ministry have said. 

State, mining group to meet next week

7th August 2002 Diversified miner Anglo American and its diamond arm De Beers will meet South African ministers on August 14 to discuss government plans to give black business a bigger role in mining, a government spokesperson said yesterday. 

Southern Africa ready for diamond certfication

6th August 2002 Southern African countries producing diamonds are ready for the implementation of an international certification scheme designed to halt trade in 'conflict diamonds', their mining ministers have declared. 

SA mining changes increase risk – Newmont

6th August 2002 US-based gold producer Newmont Mining yesterday said concerns that South Africa could soon nationalise some of its gold mines made the country a high risk for explorers. 

Mining and sustainability report available soon

6th August 2002 The report of the Mining Minerals and Sustainable Development (MMSD) project – Breaking New Ground – will be made available next week. 

Ncholo quits ERPM gold mine

By: Martin Creamer     6th August 2002 Khumo Bathong chairperson Dr Paseka Ncholo has quit as chairperson and director of the 109-year-old East Rand Proprietary Mine (ERPM) in Boksburg. 

Organic growth to lift gold firm’s output 16%

By: Terence Creamer     6th August 2002 South African gold company Harmony – which has a reputation for acquiring and turning around mining assets – is now in a strong organic growth phase with several capital projects under way and a number of others under consideration. 

SA heavy-mineral producer wins safety award

6th August 2002 The Zululand-based heavy mineral producer and a member of the global Rio Tinto mining group, Richards Bay Minerals (RBM), has been awarded the group's inaugural Rio Tinto chief executive safety award. 

Gold miner to take steel firm to competition body

By: Terence Creamer     6th August 2002 Gold miner Harmony has confirmed that it plans to lodged an official complaint with the Competition Commission against what it viewed as anti-competitive behaviour by leading South African steel company Iscor. 

New face of mining engineering

By: Deborah Spicer     5th August 2002 The profession of mining engineering, which has long been regarded as the preserve of white males, is about to admit the first black woman to graduate from the School of Mining Engineering at the University of the Witwatersrand. 

Russian gold output rises

5th August 2002 Russia produced 56,9 tons of gold in the first half of this year, up from 44,3 tons in the same period of 2001, Valery Braiko, chairperson of the Gold Industrialists Union, has said. 

Long-term iron-ore supply contract deal

5th August 2002 Another major milestone in Robe River Iron Associates' West Angelas project has been reached, with the conclusion of five-year full-scale contracts for West Angelas marra mamba iron ore with six Japanese steel mills. 

Bulk sampling under way at West Coast gem project

5th August 2002 Following the successful commissioning of its recently acquired 30-ton per hour Heavy Media Separation (HMS) plant, diamond miner Namakwa started bulk sampling excavation in April and processing operations at its diamond project on the South African West Coast in May. 

Higher Aussie gold bid unlikely – bidder

5th August 2002 Canada's Placer Dome has said it was unlikely that its revised offer for Australia's AurionGold would be bettered by a competing bidder. 

Banner year for SA gold firm

By: Keith Campbell     2nd August 2002 South African mining group Gold Fields Limited’s CEO Ian Cockerill has welcomed the government’s announcement that the draft Black empowerment charter for the mining industry did not represent the position of the government and was only a discussion document. 

Finland platinum-resource estimate raised

2nd August 2002 Finnish Outokumpu and South African Gold Fields yesterday raised their estimate of a platinum group element (PGE) resource in Northern Finland to 14,4-million ounces from an earlier 11,3 million. 

Nickel to trade in $5 000/t-$8 800/t band in 2003 – report

2nd August 2002 Nickel prices are likely to remain in a range of $5 000 to $8 800 a ton through the end of next year, underpinned by strong stainless steel demand from China in particular, Roskill Information Services said yesterday. 

Study into new Zambia copper mine under way

2nd August 2002 Canadian miner First Quantum’s feasibility study into its 80%-owned Kansanshi copper deposit in Zambia is scheduled for completion in the fourth quarter of this year. 

Konkola lifts copper output

2nd August 2002 Zambia's troubled Konkola Copper Mines (KCM) produced 110 000 tons of finished copper in the first half of the year compared to 90 500 tons in the same period last year, a company spokesperson said yesterday. 

Investment group ups gold sector to weighting

1st August 2002 Investment group Goldman Sachs has raised its rating on the gold sector to a "market overweight" from "market weight," and raised its gold price forecast. 

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