R/€ = 15.52 Change: -0.04
R/$ = 13.34 Change: -0.07
Au 1224.88 $/oz Change: -19.23
Pt 810.00 $/oz Change: -19.27

Mining News

Brett Kebble found murdered in Jo'burg

By: Terence Creamer     28th September 2005 Mining entrepreneur Brett Kebble was found dead in the upmarket suburb of Melrose on Tuesday evening after shots were fired at his car. 

Copper-mine gets 5-year life extension

27th September 2005 Diversified resources firm Teck Cominco on Friday announced that it would proceed with a plan to extend the mine life of its Highland Valley copper-mine, near Kamloops, British Columbia, by about five years, to September 2013. 

Resources giant considers African nickel targets

By: Nicola Mawson     27th September 2005 The world's largest diversified miner, BHP Billiton, yesterday said that South Africa and Africa could be on its radar for nickel exploration. 

Namakwa Sands awards ICT contract to SA firm

27th September 2005 JSE-listed ICT company Square One Solutions Group's subsidiary Business Solutions has just completed an installation at Anglo American's heavy minerals West coast mining operation, Namakwa Sands. 

Fuel management system installed at PPRust

27th September 2005 As the cost of oil continues to rise - some analysts expect it to surge to over $80 a barrel within six months - mining companies in particular are being forced to closely analyse their fuel spend. 

Green light for Kalahari gem takeover

27th September 2005 AIM-quoted and ASX-listed diamond mining group Petra Diamonds has announced that, at the extraordinary general meeting of Kalahari Diamonds Resources, held earlier yesterday, the resolution approving the sale to Petra of Kalahari Diamonds was passed. 

New drill results from Mexican project

27th September 2005 Farallon Resources yesterday published the latest results from drilling at the company's Campo Morado polymetallic (zinc, gold, silver, copper, lead) project in Guerrero State, Mexico. 

Kabusha denies blame as RG&E gets Nasdaq chop

By: Liezel Hill     26th September 2005 Kabusha Mining and Finance, a subsidiary of embattled Randgold & Exploration (RG&E) yesterday denied claims made by its parent in media statements earlier in the day. 

Gem-rich Botswana turns to coal

By: andrew lanham     26th September 2005 While Botswana is renowned for its diamonds, it should rather be recognised for its coal deposits,” says the general manager of Debswana's Morupule Colliery, Cletus Tangane. Recent estimates place Botswana's coal resources at 200-billion tons. 

Pele confirms offset dike

26th September 2005 Pele Mountain Resources last week announced that it had 'definitive confirmation' that the quartz-diorite dike discovered at its recently acquired Sudbury Offset project, in Canada, was an offset dike. 

Canadian JV widens search for uranium

26th September 2005 Pathfinder Resources and Diamonds North Resources last week said that a significant block of claims along the eastern margin of the Thelon Basin in the Northwest Territories, Canada has been staked under their Thelon Uranium joint venture agreement. 

Coal firm says new mines on schedule

26th September 2005 Canadian miner Cline Mining has reported that it is currently bringing two metallurgical steel-making coal-mine projects into commercial production in British Columbia, Canada. 

Harmony sells stake in Oz prospect for R117m

26th September 2005 Gold-miner Harmony on Friday said that it had reached an agreement with Northern Gold on the divestment of its 50% stake in the Burnside joint venture, in Australia, for A$24-million (R117-million). 

Value-add minerals conference this week

26th September 2005 Minerals Beneficiation Africa 2005, to be hosted this Wednesday in Midrand will run alongside the international trade exhibition and will deal with several 'hot' topics facing South African miners. 

Irish miner lists on AIM

26th September 2005 Gold explorer Glencar Mining on Friday announced that its shares had begun trading the AIM Market of the London Stock Exchange, under the symbol GEX. 

Implats has no plans for Zimbabwe retreat

By: Nicola Mawson     26th September 2005 JSE-listed platinum-miner Impala Platinum has reportedly indicated that it could halt expansion at its Zimplats properties if the government there enforces collection of a tax it was previously exempt from. 

Porphyry copper-gold system found in Alaska

23rd September 2005 Northern Dynasty Minerals announced yesterday that core Hole 5327 had discovered a significant new porphyry copper-gold system at the Pebble Project in Alaska, with an intersection of 2 619 feet grading 1,45% copper equivalent. 

Nickel discovery confirmed

23rd September 2005 Kambalda nickel producer Mincor Resources yesterday confirmed a potentially significant nickel discovery just south of its flagship Miitel nickel mine, after intersecting strong mineralisation a further 80 m south of earlier drilling. 

New copper plant for China

23rd September 2005 Finnish firm Outokumpu Technology has been awarded a contract by Yanggu Xiangguang Copper Company for a greenfield copper production plant to be built in Yanggu county in Shangdong province, China. 

First-phase drilling ends at Oz nickel project

23rd September 2005 AIM-listed Braemore has successfully completed the first phase drilling programme on the nickel sulphide Tailings Storage Facilities (TSF) at BHP Billiton's Leinster Nickel Operations, it said yesterday. 

Randgold suspended from New York bourse

By: Nicola Mawson     23rd September 2005 South African gold-mining firm Randgold & Exploration, which was delisted from the JSE on August 1, has issued a statement indicating that Nasdaq has also suspended it. 

Wesizwe seeks main board listing - JSE

By: Nicola Mawson     23rd September 2005 South Africa's bourse, the JSE, yesterday welcomed junior exploration firm Wesizwe Platinum's intended listing on the main board of the exchange. 

Hecla backtracks on Venezuela move

22nd September 2005 US miner Hecla Mining Company yesterday announced that it had terminated an agreement to acquire Triumph Gold Corporation's interest in mineral concessions in the Guariche mining district in Venezuela. 

Explorer starts new drill programme

22nd September 2005 Canadian expolorer NovaGold said yesterday that it has begun a diamond drill program on the Khotol project in Western Alaska near the Yukon River. 

Production resumes at SA gem mine

By: Liezel Hill     22nd September 2005 AIM- and ASX-listed diamond producer Dwyka yesterday said that ore processing at its recently-acquired Newlands mine, in South Africa, had begun again. 

Gold hopeful pleased with drill results

22nd September 2005 Greystar Resources yesterday said that the ongoing diamond drill program continues to successfully delineate its wholly owned, multi-million ounce Angostura gold-silver deposit in northeastern Colombia. 

Titanium project on track to meet rising demand

22nd September 2005 Ireland and London-quoted mining firm Kenmare Resources yesterday stated that its Moma Titanium Minerals Project continues at speed with 41% completion being achieved, while commissioning is on track for the fourth quarter of 2006. 

Aquarius and Impala to up capacity at Mimosa

By: Nicola Mawson     22nd September 2005 Platinum miners Aquarius Platinum and Impala Platinum have announced that their jointly-owned Zimbabwean mine, Mimosa Platinum, will be expanded to 168 750 platinum-group metal (PGM) ounces a year after spend on the expansion was given the go-ahead by the firms. 

Canadian gem project on schedule

21st September 2005 Canadian explorer Pele Mountain Resources announced this week that the 500-ton bulk-sampling program at its Festival diamond project is advancing on schedule. 

Mexico project's resource-base up 30% on latest review

21st September 2005 Farallon Resources yesterday announced results of the company's recently-completed review of the mineral resources at its Campo Morado polymetallic (zinc, gold, silver, copper, lead) project in Guerrero State, Mexico. 

Nickel to surge over next decade of Chinese growth.

21st September 2005 Australian miner Jubilee Mines has indicated that it believes that a bearish trend in the nickel market was a result of skeptics, who did not believe that China could continue to grow, a trend it says will turn in the next decade. 

Take advantage of mineral wealth - Mlambo-Ngcuka

21st September 2005 Instead of begrudging the People's Republic of China for bringing the local textile industry to its knees through its cheap fabric exports, South African entrepreneurs should focus on other sectors where they could have a competitive edge over that country, Deputy President Phumzile Mlambo-Ngcuka... 

Marikana-dispute report imminent

By: Nicola Mawson     21st September 2005 An independent auditor's report into a dispute between Aquarius Platinum and Grinaker-LTA should be out this week, a confident Carl Grim tells Mining Weekly Online. 

Gold-panning event reaffirms SA's position in world gold stakes

21st September 2005 The hosting of the 2005 World Goldpanning Championships in Pilgrim's Rest reaffirms South Africa's position as a world player in gold production, says Mpumalanga premier Thabang Makwetla. 

Shareholders approve Aflease empowerment deal

By: Liezel Hill     21st September 2005 Shareholders of Aflease Gold and Uranium Resources yesterday backed resolutions to implement an empowerment deal, with votes of 99.9% in favour, an abstention, and no votes against the resolutions. 

Production continues at liquidated mine

20th September 2005 The workers at Nooitgedacht Colliery, near Witbank, will, together with trade union Solidarity, take action in an attempt to rescue the mine, Solidarity said late last week. 

Gem JV granted new SA exploration rights

20th September 2005 Canadian miners Etruscan Resources and Mountain Lake Resources jointly announced at the weekend that their South African subsidiary company, Etruscan Diamonds, had been granted two further prospecting permits from the government, on the properties known as Nooitgedacht 69 and Appeldraai. 

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