Mining News: AFRICA

Exxaro to grow power generation projects

Mining group Exxaro Resources is planning to significantly grow its energy generation projects up to 2030, Exxaro Growth Energy manager Thomas Garner said on Tuesday. Speaking at the Southern Africa Energy Week conference, Garner said that the group was

African Copper continues search for Mowana manager

JOHANNESBURG (miningweekly.com) - Aim-listed African Copper is searching for a general manager for its Mowana mine, in Botswana, after it had terminated the contract of the recently appointed manager. In November, African Copper announced that Ralph

State mines 'not unique'

[miningmx.com] -- It is almost a foregone conclusion that South Africa will establish a state-controlled mining company. But it is not the only country where this is on the cards. The government's involvement in mining activities will increase, reckons

Brazil Follows China Into Africa

Some corridor chit-chat at Davos 2010 comparing the commercial and diplomatic push of two of the BRICs, China and Brazil, into Africa and Latin America respectively. But Mozambique now offers an intersection of the two. Vale, the giant Brazilian mining

PAM - Palabora Mining - Reviewed Provisional Results And Dividend Announcement

For The Year Ended 31 December 2009 Palabora Mining Company Limited and its Subsidiaries (a member of the Rio Tinto Group) (Incorporated in the Republic of South Africa) (Reg. No. 1956/002134/06) JSE Code: PAM ISIN: ZAE000005245 ("Group" or

Latest National Business News: Positive outlook boosts mining shares

MINING firms rallied on the London stock market today after two blue chip players provided welcome cheer for investors. West African gold producer Randgold Resources leapt to the top of the FTSE 100 Index with a 6% hike after it revealed that fourth

Mine nationalisation debate about internal ANC tussles, not policy

Mine nationalisation in South Africa was not an imminent policy threat, nor even a fully fledged policy consideration. But the debate could be important in helping to shape the future leadership dynamics within the governing African National Congress

Neyveli Lignite seeks partner for coal blocks

New Delhi: State-owned is seeking joint venture partners to identify and acquire coal blocks in Asia and Africa.The company is also planning to bid for ultra mega power projects under tariff-based competitive bidding and has sought necessary approvals

Randgold Resources and AngloGold acquire additional 20 pct stake in Kibali Goldmines from OKIMO

UK-based Randgold Resources Limited and South Africa-based AngloGold Ashanti Limited have acquired an additional 20% stake in Kibali Goldmines s.p.r.l. from Office des Mines d'or de Kilo-Moto (OKIMO). Both Kibali Goldmines and OKIMO are based in Congo.

ANCYL attacks De Beers

The African National Congress Youth League has launched a scathing attack on the chairman of De Beers Nicky Oppenheimer. The lashing came after Oppenheimer spoke up in support of Minerals Minister Susan Shabangu. Earlier this week she declared that mines

Foreign exchange and gold reserves down

The South African Reserve Bank says foreign exchange and gold reserves have dropped to $39 489 billion at the end of January. “The change in the gold and foreign exchange reserves was mainly due to the foreign exchange operations of the Bank and

Nationalisation debate may hurt SA's reputation - Greenhill

CAPE TOWN (miningweekly.com) - The nationalisation of the mines debate, which has become a hot topic in recent days, could have a negative impact on attracting foreign direct investment (FDI) into South Africa and raising capital on foreign markets for

Rand Uranium plans R3,5bn uranium processing plant

CAPE TOWN (miningweekly.com) - South African junior miner Rand Uranium has announced that it will invest R3,5-billion in the construction of a new uranium processing plant. CEO John Munro said at the Mining Indaba that the processing plant would be

Nedbank finalises rehab fund for mine trust

[miningmx.com] -- Nedbank Capital recently strengthened its reputation as one of South Africa's leading mining financial services providers with the finalisation of a comprehensive solution for Rand Uranium's Cooke Rehabilitation Trust. The

BRIEF-Gold Fields says assured SAfrica mine nationalisation won't happen

JOHANNESBURG, Feb 4 (Reuters) - Gold Fields Limited: * CEO says has been assured by S.Africa government that mine nationalisation 'will not happen' (Johannesburg ...

Eskom slated over Coega power deal

Cape Town Rio Tinto has criticised South Africa for reneging on the Coega aluminium smelter agreement. Engineering News reports that Rio Tintos chief executive for diamonds and minerals, Harry Kenyon-Slaney, told a mining conference here that South

GFI - Gold Fields Limited - Net Earnings Increase By 40 pct To R1.4 Billion

GFI GOGOF Gold Fields Limited Incorporated in the Republic of South Africa Registration number 1968/004880/06 Share code: GFI Issuer code: GOGOF ISIN - ZAE 000018123 NET EARNINGS INCREASE BY 40% TO R1.4 BILLION JOHANNESBURG. 4 February 2010, Gold Fields

Research and Markets: Chinese Steel Output Will Rebound 19 pct in 2009 And 5 pct in 2010, Which Will Provide Strong Opportunities for South African Exporters

DUBLINResearch and Markets(http://www.researchandmarkets.com/research/4b5b58/south_africa_metal) has announced the addition of the "" report to their offering. South Africa Metals Report provides industry professionals and strategists, corporate

Mmamabula cannot proceed without regulatory certainty - CIC

CAPE TOWN (miningweekly.com) - Toronto-listed energy company CIC Energy on Wednesday reiterated that it could not proceed with the Botswana-based Mmamabula project without regulatory approvals from the South African government. CIC Energy president Greg

Build, pillage, then privatise: a short history of mine nationalisation in Africa.

With the ANC Youth league not particularly happy with comments by SA mines minister Susan Shabangu that the nationalisation of South Africa's mines will not happen "in her lifetime" a look at some of the other attempts at such policies is probably overdue

More China-Africa deals in the future

[miningmx.com] -- The level of Chinese investment in the African mining industry is nothing compared to China's involvement in the years to come, The Beijing Axis founder and group managing director Kobus van der Warth said on Tuesday. Speaking at the

Cash-seeing Resolute seeking to expand W African gold base

CAPE TOWN (miningweekly.com) – ASX-listed gold mining company Resolute is seeking to expand its gold base in West Africa which it sees as an attractive area for further acquisition development work, CEO Peter Sullivan said on Wednesday. Sullivan told

Anglo American JD Group Nampak Spar South African Equity Market Preview

market anglo american plc anglo american plc » market The following is a list ofcompanies whose shares may have unusual price changes inSouth Africa. Stock symbols are in parentheses aftercompany names and prices are from the last close. South

Nkwe Platinum announces positive bankable feasibility study on Garatau Project

Nkwe’s (ASX: NKP) strategy is to add substantial shareholder value through the acquisition, exploration, development and commercialisation of Platinum Group Elements (PGE) and associated base metal projects in the Bushveld Complex of South Africa.

Petra Diamonds unveils The Cullinan Heritage ahead of sale

South African diamond producer Petra Diamonds has named the 507 carat white diamond that was retrieved from its Cullinan mine in September last year The Cullinan Heritage. This spectacular and historic gem has been named to reflect the date of its

Coal -- award of new order mining rights

February 2010, been granted by the South African Department of Mineral Resources ('DMR'): * an unconditional new order mining right ('NOMR') for the Vele coking coal project near Musina in the Limpopo Province in which Coal currently holds an 80 per cent

Eskom hikes will hit SA mines - Cynthia Carroll

Anglo American CEO, Cynthia Carroll said the South African mining sector needs to work closely with the power utility to find ways of cutting consumption

SA mines minister says nationalisation won't happen "in her lifetime"

Susan Shabangu said that nationalization of South Africa's mines is not a government policy

Debt Is Temporary, Equity Is In Perpetuity: African Diamonds Could Be In Production Next Year, Given The Right Funding

By Alastair Ford John Teeling's not exactly over-egging the pudding when he says that African Diamonds is in a lot better shape now than it was this time last year. Last year the diamond industry was in the doldrums to put it mildly and African Diamonds

ZCI says bridging loan refinancing completed

JOHANNESBURG (miningweekly.com) – Bermuda-registered Zambia Copper Investments (ZCI) and Aim-listed African Copper (ACU) has completed the refinancing of a bridging loan, which ZCI provided to ACU in May 2009, with a four-year secured credit facility.

Rio says Zimbabwe local mine ownership a threat

* Local ownership rules a threat * Says partnerships key to Murowa diamond mine growth * Plans fresh mining investments, expansion in Africa * Zimbabwe draft law limits foreign ownership to 49 percent (Updates with details, background) CAPE TOWN, Feb 2

UPDATE 1-ARM sees Khumani iron ore output at 16 mln T by 2012

CAPE TOWN, Feb 2 (Reuters) - Diversified miner African Rainbow Minerals (ARM) is on track to boost production at its Khumani iron ore mine by 2012, and was also aiming for Zimbabwe's platinum sector, its CEO said on Tuesday.

ARM sees Khumani iron ore output at 16 mln tonnes by 2012

By Wendell Roelf CAPE TOWN (Reuters) - Diversified miner African Rainbow Minerals (ARM) is on track to boost production at its Khumani iron ore mine by 2012, and was also aiming for Zimbabwe's platinum sector, its CEO said on Tuesday. ARM was also

ARM sees Khumani iron ore output at 16 mln tons by 2012

Diversified miner African Rainbow Minerals is on track to boost production at its Khumani iron ore mine by 2012, and was also aiming for Zimbabwe's platinum sector, its CEO said on Tuesday. 'We are certainly on track for the first phase and the second

Rio Tinto criticises SA for Coega power pullout

Diversified miner Rio Tinto criticised South Africa's cancellation of the company's proposed aluminium smelter development at Coega near Port Elizabeth. Rio Tinto CE diamonds and minerals Harry Kenyon-Slaney suggested at a conference that South Africa's

AngloGold Targets Mine Efficiency Improvements In South Africa

Dow Jones Newswires CAPE TOWN -(Dow Jones)- AngloGold Ashanti Ltd (AU), the largest producer of the metal in Africa, is targeting a 30% improvement in operating efficiency at its operations in South Africa over five years, the chief executive officer

Chiadzwa diamond mining in trouble with Zim MPs

A South-African linked company mining diamonds in the controversial Chiadzwa diamond fields in eastern Zimbabwe came under scathing scrutiny from members of parliament (MPs) Monday, and was accused of operating above the law. Mbada Diamonds was stopped

Northern Dynasty and Anglo American’s Pebble Project measured and indicated resource increases to 55 billion pounds of copper, 67 million ounces of gold and 3.3 billion pounds of molybdenum

Anglo American is one of the world’s largest diversified mining groups with portfolio of mining assets and natural resources includes precious, base metals and bulk commodities in Africa, Europe, South and North America, Australia and Asia. Northern

Opec's Unguided Optimism

(Vanguard/All Africa Global Media via COMTEX) -- Last year, Abdalla S. El Badri, Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC) dismissed fears about the imminent replacement of petroleum with bio-fuels and other

Uranium to trade in $40/lb to $60/lb range for two years - analyst

CAPE TOWN (miningweekly.com) – The spot price of uranium was likely to remain steady for the next two years, averaging between $40/lb and $60/lb, TradeTech CE Gene Clark said in a speech at the 2010 Mining Indaba, being held in South Africa's Cape

Continental Coal appoints mining contractor for African coal mine

Source: News BitesContinental Coal Ltd appointed Trollope Mining Services as mining contractor for the production commencement of its South African's Vlakvarkfontein coal mine in the March quarter of 2010.The contract, initial for three years, is

Company Announcement: Azumah Completes Acquisition Of Three New Licences Wa Gold Project, Ghana

Attached please find a press release on: West African gold explorer (ASX:AZM) is pleased to confirm that it has formally completed the acquisition of three prospecting licences - which include the Julie and Collette prospects - at its Wa Gold Project, in

Optimum Coal to float on JSE main board

Optimum Coal Holdings said Monday it intends to float on the JSE during the first half of 2010. The company has applied to list its shares in the general mining sector on the main board. Optimum Coal is a black-owned and controlled South African mining

Lon - Lonmin Plc - Annual General Meeting - 28 January 2010

Lonmin Plc (Incorporated in England and Wales) (Registered in the Republic of South Africa under registration number 1969/000015/10) JSE code:

Nkwe Platinum reports Garatau resource is feasible

Nkwe’s (ASX: NKP) strategy is to add substantial shareholder value through the acquisition, exploration, development and commercialisation of Platinum Group Elements (PGE) and associated base metal projects in the Bushveld Complex of South Africa.

Continental Coal aiming for South African coal sales Q2 2010

Continental Coal Ltd (ASX:CCC) is a South African coal exploration and development company with current JORC resources of over 300Mt. Continental holds interests in a number of early stage and advanced stage exploration assets in various established

Bharat Book Bureau: Acclaim Exploration NL - Financial Analysis Review

Acclaim Exploration NL (Acclaim) is a mineral exploration company in Australia. The company is engaged in developing the Denny uranium/gold mine in South Africa. The company operates its activities through its subsidiary Denny Dalton (Pty) Ltd. The

Edison Investment Research Mining Sector Report: Gold - Valuation Benchmarks are Obsolete

-- Edison Investment Research has re-run its analysis to determine differentiated values for 'measured', 'indicated' and 'inferred' resource ounces to include the Canadian, Australian and South African markets as well as the London one. In doing so, it

CZA - Coal of Africa Limited - Report For The Quarter Ended 31 December 2009

CZA CZA Coal of Africa Limited (previously, 'GVM Metals Limited') (Incorporated and registered in Australia) (Registration number ABN 008 905 388) JSE Share code: CZA ASX Share code: CZA ISIN AU000000CZA6 ('CoAL' or the 'Company') REPORT FOR THE QUARTER

Worker dies at BHP Billiton

[miningmx.com] --GLOBAL resources giant BHP Billiton said a fatal accident has occurred at its Khutala Colliery in South Africa. On January 20, contract employee Sifiso Mnisi was found in the operation's main pollution control dam. He was wearing a life