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Mining News

Africa to launch scheme to end dirty diamond trade

     1st October 2002 Southern African countries will launch a scheme in November to try to end the trade in so-called blood diamonds, funding many of the continent's conflicts, a senior regional official said on Sunday. 

Group’s PGM feasibility studies advancing

     1st October 2002 UK-based mining and exploration group, Cluff Mining is a company whose activities are focused on its Platinum Group Metals (PGM) projects in South Africa. 

Gold firm sets empowerment in stone

     1st October 2002 A black consortium has bought AngloGold’s subsidiary company, Stone & Allied Industries Limited (S&A), for R5-million. 

SA mining will emerge as globally attractive - Minister

     1st October 2002 Speaking at the opening of the Electra Mining Week at Nasrec yesterday, South African Minerals and Energy Minister Phumzile Mlambo-Ncguka called for support and cooperation between government, labour and the mining industry. 

Mining group postpones unbundling meeting

     1st October 2002 South African mining holding company Gencor said late yesterday that it had agreed to postpone a shareholders' meeting after lawyers said they were seeking a court injunction to stop it from unwinding its main asset. 

New R1,2bn coal-mine plan for Mpumalanga

By: Martin Creamer     30th September 2002 An application for permission to build a new R1,2-billion coal-mine in Mpumalanga has been submitted to government by South Africa's largest coal producer, Mining Weekly can today report. 

Zambian copper output to rise in 2002 – research

     30th September 2002 Production of primary copper in Zambia will rise to 325 000t in 2002 from 296 000t last year, Citibank Zambia said on Thursday. 

Maputo aluminium expansion on course

     30th September 2002 Global diversified miner, BHP Billiton, said last week expansion of its southern African aluminium smelters is on track and it saw demand for the metal despite forecasts of a global surplus. 

Lawyers seek injunction against mining group

     30th September 2002 Lawyers for South African miners suffering from asbestos-related illnesses said they would seek an interim injunction on Friday in a bid to stop South African company Gencor unwinding its main asset. 

Canadian miner expanding Zambian Copper operation

     30th September 2002 Canadian miner, First Quantum Minerals has announced that commissioning of the Phase Two expansion has begun at the Bwana Mkubwa facility in Zambia. 

State agency to support empowerment in mining

By: Martin Czernowalow     27th September 2002 The State-owned Industrial Development Corporation has re-stated its commitment to mining reform in South Africa and the integration of the historically disadvantaged persons into the mining economy. 

Zambia to close Nchanga in 3-4 years

     27th September 2002 Zambia's Nchanga copper mine, the country's biggest open pit mine and a major contributor to its copper output, will close within three to four years, a senior mine official said on Wednesday. 

Gold major in expansion mode

     27th September 2002 Mining giant Barrick Gold Corporation announced yesterday that it expects 2002 earnings per share in the 33-35 cent range (excluding non-hedge related adjustments), compared to earlier guidance for earnings at the lower end of the 42-47 cent per share range, based in both cases on a $315 spot... 

Analysts to assess market for Moz project output

     27th September 2002 Mining giant, Kenmare Group has announced the appointment of the Lender Group as an independent marketing analyst, to assess the market opportunity for the products which Kenmare’s Moma mine will produce, as well as Moma's long-term competitiveness. 

Court battle over Spanish mine disaster

     27th September 2002 Swedish mining and metals group Boliden said on Wednesday it was taking Spanish builder Dragados to court, demanding compensation for a mine accident that led to Spain's worst-ever ecological disaster. 

Mining industry receives new charter draft

     27th September 2002 South Africans negotiating a mine charter to boost black participation in the industry have finished a second draft of which details could be released next week, a top government official said today. 

Iron-ore project still viable with A$300m rail investment

By: Martin Czernowalow     26th September 2002 Global miner Kumba Resources and its Hope Downs partner, Hancock Prospecting, will most likely spend A$300-million on a new railway line, following a court ruling barring them from third party access to BHP-Billiton’s Mt Newman railway line in Australia. 

It's time to explore, not acquire

By: Marius Roodt     26th September 2002 A few years ago, when one walked into the Gold Fields offices, a marble bust of British imperialist Cecil John Rhodes was prominent. 

West coast gem explorer reports good grades

     26th September 2002 South African diamond explorer Namakwa Diamond Company has continued to report good diamond recoveries and grades from its West Coast Project, with the latest bulk sample yielding 1 014 diamonds at the impressive geological grade of 26,9 carats per hundred tons (cpht). 

Gem miner secures alluvial assets in Angola

     26th September 2002 JSE-listed Trans Hex Group has secured two of the most sought-after alluvial diamond concessions, with already delineated reserves exceeding 1,7-million carats, as the starting point for its mining venture into Angola. 

Coal has role in sustainable development – report

By: Martin Czernowalow     25th September 2002 Coal has a major role to play in assisting sustainable development, says a report prepared for the recent World Summit on Sustainable Development (WSSD) by the Coal Industry Advisory Board (CIAB). 

Mining week to showcase SA as investment destination

     25th September 2002 The Department of Minerals and Energy, the Mining Industry and Labour (Tripartite) will host the Mining Week Show in conjunction with Electra Mining from September 30 to October 4 at Nasrec in Johannesburg. 

Study to start on newly-released PGM farms

By: Zonika Botha     25th September 2002 Following the Department of Minerals & Energy's allocation of three former Anglo Platinum farms to Canadian company SouthernEra Resources and black-empowered firm Mvelaphanda Resources, in August this year, the farms are currently being analysed, and as such, no announcements have yet been made... 

Quality of charter will not be sacrificed for speed

By: Martin Czernowalow     25th September 2002 Despite the fact that a second draft of the controversial mining charter is expected to be released later this week, government is unable to say how soon negotiations will be finalised. 

World's most profitable gold company

By: Marius Roodt     23rd September 2002 Ian Cockerill has been integrally involved with Gold Fields' rise to global status in the past four years. 

Second charter draft this week

     23rd September 2002 South Africa plans to circulate a second draft of a controversial charter on mining reform to negotiators by the end of this week, but will not make the document public, the government said on Friday. 

Messina platinum plant commissioned

     23rd September 2002 Canadian miner, SouthernEra Resources has announced the successful commissioning of the Messina Platinum Mine’s new 90 000t per month Phase 1 Platinum Concentrator Plant. 

Mining giant releases safety, enviro report

By: Martin Czernowalow     23rd September 2002 Global diversified miner, BHP Billiton released its first consolidated annual report last week, which outlines the company’s health, safety, environmental and community (HSEC) performance. 

Gem giant postpones Canada exploration

     23rd September 2002 Diamond industry titan De Beers said on Friday it had postponed plans for a vital winter exploration programme for its Victor diamond project in Canada, after talks with an aboriginal group failed to resolve differences over benefits to the community. 

Gold groups take steel giant to competition body

     23rd September 2002 Gold miner Harmony announced today that it had launched a complaint with the Competition Commission against steel company Iscor. 

Mining key in Sierra Leone reconstruction

By: Keith Campbell     20th September 2002 Sierra Leone, devastated by a decade (1991 to 2001) of brutal civil war, is hoping that the mining sector will play a major role in its reconstruction process. 

SA gears up for inaugural mining week

     20th September 2002 The Department of Minerals and Energy (DME), the Mining Industry and Labour (Tripartite) will host the Mining Week Show, in conjunction with Electra Mining, from September 30 to October 4 at Nasrec in Johannesburg. 

Canadian miner added to S&P index

     20th September 2002 Candian miner, SouthernEra Resources has announced its admission to the S&P/TSX Composite Index. 

Gold miner, unions sign Aids agreement

     20th September 2002 Gold miner Harmony, the National Union of Mineworkers (NUM), the South African Equity Workers Association (SAEWA) and the United Association of South Africa (UASA) on Friday pledged their support, by signing an agreement that is based on the principle that HIV/AIDS is preventable and presents an... 

Nigeria invites bids for steel plants

     20th September 2002 Nigeria invited international steel producers last week to express interest as core investors in its three inland steel rolling plants. 

Central African Republic needs better gem-trade management

     19th September 2002 Images of diamonds painted on the crumbing walls where the street children sleep are the only clue to the Central African Republic's most lucrative export. 

Ugandan miner suspends cobolt production

     19th September 2002 Uganda's Kasese Cobalt Company (KCCL) has suspended production and laid off dozens of employees due to a sharp drop in cobalt prices, a top official said on Tuesday. 

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