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Mining News

New coking-coal project for Queensland

2nd October 2001 One of the largest coking-coal deposits in the world, with total resources estimated at 1,2-billion tons, is the site of a development between Rio Tinto and its joint venture partners. 

Metals consulting group formed

2nd October 2001 Eleven metals specialists have joined forces to create a new global consulting alliance, Metallicarum International Limited (MIL). 

SA iron-ore project less urgent after unbundling deal

By: Terence Creamer     2nd October 2001 The development of the Welgevonden iron-ore mine, in the Northern Cape, is likely to be less urgently pursued following last week’s unbundling agreement between Iscor and the the Industrial Development Corporation IDC. 

“Watershed” event on Copperbelt in DRC

1st October 2001 First Quantum Minerals has started open-pit mining operations at the Lonshi copper deposit located in the Democratic Republic of Congo (DRC), about 29 kilometres south-east of the Bwana Mkubwa SX-EW facility in Zambia. 

Diamond-mine start-up ahead of time

1st October 2001 Diamond production has started at SouthernEra Resources’ newly commissioned number four level at its 50% owned Klipspringer diamond-mine in South Africa, about six months ahead of schedule. 

Interest shown in liquidated zinc miner’s assets

1st October 2001 The world’s largest zinc producer, Pasminco, has received indications from Swiss miner Glencore International, and Canada’s Noranda and Tock Corporation that they may bid for the Century mine, the Australian company’s biggest asset. 

Chibuluma South mothballed

1st October 2001 As a result of the low copper price and a high costs of operations, the Chibuluma South project in Zambia has been placed on a care-and-maintenance basis by Metorex. 

Mining's 'Ms Safety' gets tough

28th September 2001 She has proved that action speaks louder than words, having made history in the country as the first South African inspector to close down a mine until such time that it could ensure safety. 

SA company helping Russian giant to go international

28th September 2001 South Africa's international project development and process engineering group, Bateman Project Holdings, is participating in the facilitation of the first overseas project by the giant Russian Norilsk nickel-mining corporation, Mining Weekly can report. 

Gold supplies to tighten – Thompson

28th September 2001 South Africa’s Gold Fields said a decline in the global supply of gold was looming as mine activity wanes and some central banks exhaust their sales. 

Japan takes zinc gap left by China

27th September 2001 Japanese refined zinc is gaining ground in Taiwan from market leader China, which appears reluctant to export as global prices languish, traders said. 

Troubled gem miner to get $9m in insurance payment

27th September 2001 Troubled marine diamond miner, Namibian Minerals Corporation (Namco) announced that its business interruption insurance claim has been accepted and receipt of $9-million is anticipated within the next seven days. 

Kenyan court steps in to prevent titanium mine

27th September 2001 A Kenyan court issued an injunction preventing Canada’s Tiomin Resources from mining titanium on Kenya’s coast because of possible environmental damage. 

Technology boosts UG2 recoveries

27th September 2001 A new approach to the design and construction of platinum processing operations has increased revenue for South Africa’s third largest producer by several million rands a month. 

ABB man to head Anglo

27th September 2001 Mining giant Anglo American said that it was appointing Goran Lindahl as deputy chairman with immediate effect and intended him to succeed Julian Ogilvie Thompson as chairperson next May. 

SA gold leader gets central bank approval for acquisition

27th September 2001 The world’s leading gold producer, AngloGold, has received permission from the South African Reserve Bank to proceed with its proposed acquisition of Normandy Mining. 

New Chile copper investment

26th September 2001 Encouraged by just-released results from a Chilean copper-gold discovery, Canadian base-metals group Noranda said it will go ahead with a $1- million private placement in small-cap Metallica Resources, which owns the property. 

Placer still on acquisition trail

26th September 2001 Placer Dome will stay focused on acquisitions despite losing out in a bidding war for WMC Resources’ prized Australian gold assets, its president said on Friday. 

Business picks up at ‘e-coal’ platform

26th September 2001 Following last week’s quiet trading period, largely as a result of the terrorist acts in the US, the Global Coal marketplace has steadily picked up, with prices being added to all instruments. 

SA’s gold No 2 uses purchase to lower risk profile

26th September 2001 South Africa’s second-largest gold producer, Gold Fields, will produce more than a quarter of its output from opencast reserves once its proposed $232-million acquisition of the St Ives and Agnew mines from Australia’s WMC Resources is concluded in November. 

Finnish giant buys mills firm

25th September 2001 Finnish metals group Outokumpu said its acquisition of grinding mills from Metso could go ahead after Metso’s acquisition of Swedish Svedala was cleared by the US Federal Trade Commission. 

Commodity economies hit by world instability

25th September 2001 Global risk aversion and a deteriorating growth outlook have put markets in commodity-based economies in a tailspin, and losses are unlikely to be short-lived. 

Zinc price sinks world's biggest producer

25th September 2001 The world’s biggest integrated zinc and lead producer, Pasminco, has been placed under voluntary liquidation, due to the huge debts and a share price meltdown. 

‘Terror Tuesday’ will hit copper sector

25th September 2001 While the outlook for the world of copper was already bleak, the events of ‘Terror Tuesday’ in the US early September, further complicate issues for the industry, a new study argues. 

SA backing for Australian gold project

25th September 2001 Bendigo Mining said South Africa’s Harmony Gold would take a 31,1% stake in Bendigo, providing the A$50-million (US$25-million) in funds it needs to start gold production at its mine. 

‘Terror Tuesday’ will not hit copper sector

21st September 2001 While the outlook for the world of copper was already bleak, the events of ‘Terror Tuesday’ in the US early September, further complicate issues for the industry, a new study argues. 

COO - the new mining buzz

21st September 2001 The old adage 'two heads are better than one' is, of late, manifesting itself literally in the mining corporate world where consolidation, expansion, globalisation, diversification and commercialisation are making their presence felt. 

Investor interest in DRC zinc project heats up

21st September 2001 London-based America Mineral Fields International (AMFI) is now finalising its agreement with South Africa's Zinc Corporation (Zincor) for a joint-venture company to redevelop the Kipushi zinc-copper mine in the Democratic Republic of the Congo (DRC). 

Nigeria’s mining potential untapped

21st September 2001 By failing to harness the potential of her solid mineral deposits, Nigeria, apart from losing an average of $30-billion a year, loses the opportunity of creating thousands of job opportunities, the House of Representatives Committee on Solid Minerals Development has disclosed. 

Now SA’s gold No.2 moves on Aussie assets

21st September 2001 WMC Resources said it has agreed to sell its main gold-mines to South Africa’s Gold Fields for $232-million (A$470-million), plus a royalty. 

State seeks partner for Alexkor

20th September 2001 The South African government will issue a request for proposals in February next year in an endeavour to introduce a 25% strategic equity partner into State-owned diamond-miner Alexkor. 

Big Colombian coal development on cards

20th September 2001 A consortium grouping Exxon Mobil, BHP Billiton, Glencore International and Anglo American will pay Colombia $12,5-million for a $145-million coal project, Colombian officials said. 

Joint venture formed to develop Canadian PGM mine

20th September 2001 Muskox Minerals has signed a memorandum of understanding (MOU) with Lonmin which involves a joint venture, an equity investment and development financing. 

Russia moves to end PGM confusion

20th September 2001 Russia is looking to make its palladium export policy less opaque through the use of long-term supply contracts, deputy director of the platinum division at Almazjuvelir export Alexander Vassiliev said. 

Aluminium boosts Mozambique

19th September 2001 The Mozambican economy has grown by nearly 15% in the first half of this year, with the Mozambique Aluminium Mozal smelter contributing an estimated 4%, State radio reported on Monday. 

Merger creates new mining services force

19th September 2001 Metso Minerals, formerly known as Nordberg, has merged with Svedala to form a new global market leader in the supply and service of processes for industries related to rock-size reduction, classification, minerals separation and recovery, materials-handling and wear protection. 

Progress on conflict gem protocol

19th September 2001 With less than two months to go before the final deadline for the report on conflict diamonds due for presentation at the United Nations’ 56th session, the Kimberley Process has announced some significant progress in the development of detailed proposals for the international certification... 

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