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Exxaro opens new coal mine
Johannesburg, South Africa --- MININGREVIEW.COM --- 05 September, 2008 - Diversified South African-based resources group Exxaro Resources – the country’s fourth-largest coal producer – has commissioned its new Inyanda coal mine near Witbank in Mpumalanga.


SA gold production up in Q2
Johannesburg, South Africa --- MININGREVIEW.COM --- 05 September 2005 - South Africa’s total gold production increased by 9% to 56 933 kilograms in the second quarter of 2008, compared to the previous quarter. On a year-on-year basis, however, gold production was down by 10.4% in the second quarter, illustrating the continued impact that the electricity supply curtailment has had on the sector.


Orezone surges ahead
Ottawa, Canada --- MININGREVIEW.COM --- 05 September 2008 - Orezone Resources Incorporated – an emerging Canadian explorer and intermediate gold producer – has closed a US$40 million (R300 million) debt facility with The Standard Bank of South Africa Limited, and increased its interest in the Bombore project in Burkina Faso from 50% to 100%.


Daewoo may invest US$300 million in Madagascar
Seoul, South Korea --- MININGREVIEW.COM --- 04 September 2008 - South Korean trading company Daewoo International Corporation may invest about US$300 million (R2.25 billion) in a coal- fired power project in Madagascar – the company's second electricity-generating venture in the country.


RBCT exports more coal
Johannesburg, South Africa --- MININGREVIEW.COM --- 04 September 2008 - Richards Bay Coal Terminal (RBCT) – the largest single export coal terminal in the world, currently exporting more than 68 million tonnes of coal a year – increased its shipments by 6.2% in August compared to the same month last year which was affected by bad weather.


GBG strikes new high-grade intercepts
Vancouver, Canada --- MININGREVIEW.COM --- 04 September 2008 - Great Basin Gold Limited (GBG) – an emerging mid-tier gold producer listed on the Toronto and American stock exchanges – has reported additional high-grade intercepts from its surface exploration drilling programme at the Hollister Project in Nevada. The new intercepts are from its recently discovered Hatter Graben vein system, as well as the first two results from exploration undertaken in the South Velvet area.


DRC tin exports to resume
Kinshasa, DRC --- MININGREVIEW.COM --- 04 September 2008 - Tin exports from the Democratic Republic of Congo (DRC) – Africa's biggest producer of the metal – are expected to resume in the wake of a tax dispute which has halted shipments of the product for two months.
 
“Most probably we'll be starting exportation today,” John Kanyoni, president of the Association of Traders of Minerals of North Kivu – told Bloomberg News in a telephone interview from the Kenyan capital of Nairobi.


Lonmin reiterates opposition to Xstrata takeover bid
London, England --- MININGREVIEW.COM – 03 September 2008 - Lonmin plc – the world's third- largest platinum producer – has come out strongly again against Swiss-based Exstrata plc’s US$10 billion (R75 billion) hostile takeover bid, insisting that it is too low, and urging investors to reject it.


International agreement to develop Kalagadi manganese
Johannesburg, South Africa --- MININGREVIEW.COM --- 03 September 2008 - ArcelorMittal – the world’s largest steelmaker – has finalised an agreement with Kalagadi Manganese to develop its managanese deposits in the Northern Cape.


Wesizwe acquires Angloplat’s 37% WBJV interest
Johannesburg, South Africa --- MININGREVIEW.COM --- 03 September 2008 - Emerging new generation platinum miner Wesizwe Platinum Limited has announced its intention to acquire Anglo Platinum Limited’s entire 37% stake in the Western Bushveld Joint Venture (WBJV), which is held through its wholly owned subsidiary Rustenburg Platinum Mines Limited (RPM). Wesizwe will pay Anglo Platinum an amount of R1.162 billion in the form of 211,850,125 new shares in Wesizwe.


Gippsland doubles Abu Dabbab reserves
Perth, Australia --- MININGREVIEW.COM --- 03 September 2008 - Gippsland Limited – an Australian-based international resource company listed on the Australian Securities Exchange and the AIM – has doubled the ore reserves at its US$90 million (R675 million) Abu Dabbab tantalum-tin-feldspar project in Egypt.


Key initiatives to drive Mozambique coal project
Maputo, Mozambique --- MININGREVIEW.COM --- 02 September 2008 - Riversdale Mining Limited – an Australian-listed mining company focused on growth through investment in suitable Southern African mining opportunities – has announced two significant developments at the company’s US$800 million (R6 billion) Benga hard coking thermal coal project in Mozambique.


Fatality at Buffelsfontein mine
Johannesburg, South Africa --- MININGREVIEW.COM --- 02 September 2008 - Emerging South African resources company Simmer and Jack Mines Limited (Simmers) has announced that a seismic event at its Buffelsfontein Gold Mine in the North West Province has claimed the life of one mineworker and injured another.


First Uranium negotiates marketing agreement
Johannesburg, South Africa --- MININGREVIEW.COM --- 02 September 2008 - First Uranium Corporation – which is focused on the development of its South African uranium and gold mines – has entered into an exclusive agency agreement with the Traxys Group – a global metals, minerals and energy marketing company.


Guinea seeks foreign investment
Conakry, Guinea --- MININGREVIEW.COM --- 02 September 2008 - Guinea – the world’s biggest exporter of aluminium ore bauxite – is prepared to work with foreign investors in the mineral-rich West African country as long as they comply with its mining code.

Reporting from here, Reuters quoted Guinea’s new mines minister Louncency Nabe as giving this undertaking. Guinea has the resources to be a major supplier of steelmaking raw material iron ore, the agency reports, but questions have recently been raised about the status of some deals.







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