Archived News Items

Filter  MonthJanFebMarAprMayJunJulAugSepOctNovDec Year20002001200220032004200520062007200820092010 5101520253050100All Filter

• Zimbabwe: Country Faces Diamond Market Ban

  Created: 2009-10-30 09:15:50 Author: Kitsepile Nyathi - The Nation

  Harare — Zimbabwe could be banned from the world diamond market if a report on human rights violations at one of the country's notorious diamond fields is considered.

  The Kimberley Process Certification Scheme (KPCS) is scheduled to meet in Na...

• South Africa: Coal Plans Share Placing to Fund Nucoal Purchase

  Created: 2009-10-30 09:09:57 Author: Bheki Mpofu - Business Day

  Johannesburg — COAL of Africa (CoAL) is planning to raise about R720m in a share placing to fund its proposed acquisition of unlisted junior miner NuCoal Mining.

  CoAL also said yesterday it would move its listing in London from the AIM growth ...

• South Africa: Aquarius Plats Posts Net Profit of U.S.$9.5 Million

  Created: 2009-10-30 08:11:08 Author: SARWATCH

  Johannesburg — Aquarius Platinum has announced attributable production of 96,500 PGM ounces, with dollar prices improved through quarter, and gross "cash" profit for the quarter of $18.6 million.

  It also says net profit for the quarter was $9....

• Zimbabwe: Campaigners Call for urgent Action on Blood Diamonds and Wider Reform of the Kimberley Process to Prevent Abuse

  Created: 2009-10-29 09:27:59 Author: Global Witness

  Kimberley Process (KP) members must act on the overwhelming evidence of Zimbabwe's failure to comply with the minimum requirements of the rough diamond certification scheme, said civil society groups today, ahead of the KP's annual meeting in Namibia.<...

• Zimbabwe: ZMDC Defies Marange Mining Ban

  Created: 2009-10-29 09:14:01 Author: Chris Muronzi - Zimbabwe Independent

  Zimbabwe Mining Development Corporation (ZMDC) is going ahead with mining at its Marange Diamond Mine in direct contempt of a High Court order, business digest can reveal. Documents to hand show that ZMDC management ignored the court ruling barring the...

• South Africa: Two Trapped Mining Employees Brought to Safety

  Created: 2009-10-27 08:07:05 Author: BuaNews

  Pretoria — The two out of the four mining employees who were trapped underground following a rockfall at Harmony Gold's Target Mine in the Free State have been brought to safety.

  The mine's spokesperson Marian van der Walt confirmed that they ...

• South Africa: Canadian Miner Sells Off Local Division to Undisclosed Buyer

  Created: 2009-10-26 07:33:55 Author: Bheki Mpofu - Business Day

  Johannesburg — BRC Diamondcore, the Toronto- and JSE- listed diamond miner and explorer, last week sold its South African subsidiary, Diamond Core Resources, to an undisclosed buyer for 500000.

  Diamond Core Resources was put into liquidation b...

• South Africa: Lonmin Moving Head Office to SA

  Created: 2009-10-23 09:29:00 Author: Charlotte Mathews - Business Day

  Johannesburg — PLATINUM miner Lonmin , which is listed on the London and Johannesburg stock exchanges, would move its head office from London to Johannesburg, it said yesterday, taking the opposite direction from many dual-listed companies.

  CE...

• Zimbabwe: Company to Invest U.S.$10 Million in Chrome Mining

  Created: 2009-10-23 08:31:52 Author: The Herald

  Harare — MAZFACT Mining Corporation through one of its affiliates, Afrex Mining Corporation, is considering investing US$10 million to boost its chrome production in its Ngezi, Shurugwi and Zvishavane mines.

  Speaking in an interview the compan...

• Zimbabwe: 'Jealously Guard Mineral Resources'

  Created: 2009-10-23 08:27:53 Author: The Herald

  Harare — MINES and Mining Development Minister Obert Mpofu has urged the Zimbabwe Defence Forces to jealously guard the country's vast mineral resources.

  He was addressing the joint command and staff course number 22 at the Zimbabwe Staff Coll...

• South Africa: Still a Struggle for Platinum Miners in Country

  Created: 2009-10-23 07:26:17 Author: Charlotte Mathews - Business Day

  Johannesburg — PRODUCTION reports yesterday from two of SA's biggest platinum miners for the September quarter showed management continuing to battle with labour and restructuring issues, although reports from diamond and iron-ore producers were more...

• South Africa: Implats Chief Ousted in Boardroom Revolt

  Created: 2009-10-23 07:24:05 Author: Bheki Mpofu - Business Day

  Johannesburg — THE boardroom battle at Impala Platinum ( Implats ) has resulted in the unceremonious ousting of chairman Fred Roux, removed after a "strained, distant" relationship with CEO David Brown and the board.

  In a surprise move yesterd...

• South Africa: DRDGold Loss 'Due to Power, Pay Hikes'

  Created: 2009-10-23 07:21:23 Author: Bheki Mpofu - Business Day

  Johannesburg — MINER DRDGold recorded a net loss of R63m for the quarter ended last month as wage increases and a 32% tariff hike pushed up its operating costs, putting pressure on margins.

  The gold producer's net operating costs were R449,4m,...

• South Africa: Anglo to Reduce Management, Sell Assets

  Created: 2009-10-23 07:18:59 Author: Bheki Mpofu - Business Day

  Johannesburg — DIVERSIFIED miner Anglo American rang the changes to its management structure yesterday and said it would sell off assets in a bid to streamline operations and focus on its mining portfolio.

  Anglo said the restructuring was expe...

• South Africa: Foreign Miners' Expropriation Claim 'Threatens SA Policies'

  Created: 2009-10-22 08:03:57 Author: Franny Rabkin - Business Day

  Johannesburg — POLICIES that give effect to the constitution could be threatened by a compensation claim brought against SA by foreign mining companies, say four nongovernmental organisations (NGOs).

  The NGOs -- including the Centre for Applie...

• Zimbabwe: Mining Index Succumbs to Restricting Liquidity Terms

  Created: 2009-10-22 07:54:38 Author: Bright Madera - The Herald

  Harare — THE benchmark industrial index added an inconsiderable 2,33 percent whilst the mining index lost 20,77 percent during the third quarter of the year, succumbing to restricting liquidity conditions.

  During the period under review, the m...

• Zimbabwe: Govt Cancels ZPC's Mining Rights

  Created: 2009-10-22 07:44:57 Author: The Herald

  Harare — GOVERNMENT has cancelled the Zimbabwe Power Company's mining concession in Hwange after the Zesa Holdings subsidiary started coal mining in partnership with another firm without complying with full regulatory requirements.

  Mines and M...

• Zimbabwe: Gold Glitters At Turk Mine

  Created: 2009-10-22 07:01:24 Author: Zimbabwe Independent

  GOLD production at New Dawn Mining's Turk Mine has continued to increase since the company resumed production early this year. This comes at a time when RioZim has reported that gold production at Renco Mine, Masvingo, is set to increase to 80kgs a mon...

• South Africa: Ferrochrome Turns the Corner

  Created: 2009-10-21 08:07:00 Author: Bheki Mpofu - Business Day

  Johannesburg — MERAFE Resources said yesterday that ferrochrome output at its joint venture with global miner Xstrata fell 47% for the nine months to September compared with the same period last year, but the venture had now returned more furnaces to...

• South Africa: AngloGold Buys Stake in Congo Gold Mines

  Created: 2009-10-19 14:37:39 Author: Bheki Mpofu - Business Day

  Johannesburg — ANGLOGOLD Ashanti announced on Friday it had completed a move to team up with Randgold Resources to develop the Moto gold resources in the Democratic Republic of Congo, in a bid to boost reserves as gold prices hover close to a record ...