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Week at a Glance

Exxaro opens new coal mine
Sep 05, 2008
<em>The 180 tph modular<br /> coal processing plant<br /> installed at Exarro’s<br /> New Clydesdale Colliery</em>
The 180 tph modular
coal processing plant
installed at Exarro’s
New Clydesdale Colliery

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
Sep 05, 2008
<em>Gold ingots – second<br /> quarter production <br />down on last year</em>
Gold ingots – second
quarter production
down on last year

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
Sep 05, 2008
<em>Orezone's team of <br />geologists and operators<br /> discusses drilling <br />programme</em>
Orezone's team of
geologists and operators
discusses drilling
programme

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
Sep 04, 2008
<em>Better known for <br />producing cars like<br /> this, Daewoo plans to<br /> invest in a coal <br />project in Madagascar</em>
Better known for
producing cars like
this, Daewoo plans to
invest in a coal
project in Madagascar

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
Sep 04, 2008
<em>Richards Bay Coal<br /> Terminal</em>
Richards Bay Coal
Terminal

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
Sep 04, 2008
<em>Aerial view of <br />Great Basin Gold’s <br />Hollister portal</em>
Aerial view of
Great Basin Gold’s
Hollister portal

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.

 

 


DRC tin exports to resume
Sep 04, 2008
<em>Mining for tin<br /> ore or the DRC</em>
Mining for tin
ore or the DRC

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.

 

Lonmin reiterates opposition to Xstrata takeover bid
Sep 03, 2008
<em>Sir John Craven,<br /> Chairman,<br /> Lonmin</em>
Sir John Craven,
Chairman,
Lonmin

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
Sep 03, 2008
<em>The Ulgine ALZ <br />production site in <br />Genk, Belgium – one<br /> of ArcelorMittal’s <br />production operations <br />in 20 countries</em>
The Ulgine ALZ
production site in
Genk, Belgium – one
of ArcelorMittal’s
production operations
in 20 countries

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
Sep 03, 2008
<em>Mike Solomon,<br /> CEO, Wesizwe</em>
Mike Solomon,
CEO, Wesizwe

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. Wesizwe will pay Anglo Platinum and amount of R1.162 billion in the form of 211,850,125 new shares in Wesizwe.

 

 


Gippsland doubles Abu Dabbab reserves
Sep 03, 2008
<em>Drilling underway<br /> at Gippsland’s Abu<br /> Dabbab project in<br /> Egypt</em>
Drilling underway
at Gippsland’s Abu
Dabbab project in
Egypt

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
Sep 02, 2008
<em>Exploratory drilling<br /> at Riversdale’s <br />Benga site in<br />Mozambique</em>
Exploratory drilling
at Riversdale’s
Benga site in
Mozambique

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
Sep 02, 2008
<em>The Buffelsfontein<br /> gold plant</em>
The Buffelsfontein
gold plant

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
Sep 02, 2008
<em>First Uranium's<br /> Ezulweni complex</em>
First Uranium's
Ezulweni complex

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
Sep 02, 2008
<em>Rusal – a major<br /> company mining <br />bauxite in Guinea</em>
Rusal – a major
company mining
bauxite in Guinea

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.

 

 


ARM’s exceptional performance
Sep 01, 2008
<em>Two Rivers platinum<br /> mine – one of ARM’s<br /> many assorted<br /> operations</em>
Two Rivers platinum
mine – one of ARM’s
many assorted
operations

South African diversified mining group African Rainbow Minerals (ARM) has almost tripled headline earnings, increased dividends by 167% and is exceeding its 2005 objective of doubling production by 2010.

 

 


Khumani’s 6-billion- tonne expansion
Sep 01, 2008
<em>Construction underway<br /> at the Khumani iron<br /> ore mine</em>
Construction underway
at the Khumani iron
ore mine

Assmang Limited – which is jointly held by African Rainbow Minerals (ARM) and Assore Limited – says approval has been received for the start-up capital programme for the additional 6-million-tonne expansion project at its Khumani Iron Ore Mine in the Northern Cape Province.

 

 


Two die in mine incident
Sep 01, 2008
<em>Underground at<br /> Harmony’s<br>Elandsrand<br /> mine</em>
Underground at
Harmony’s
Elandsrand
mine

Harmony Gold Mining Company Limited (Harmony) – the fifth largest gold producer in the world – says two mineworkers have lost their lives in an incident at its Elandsrand mine, and work has been halted until further notice.

 

 


Gem Diamonds moves into cutting and polishing
Sep 01, 2008
<em>An example of the <br />stones recovered and<br /> produced by Gem<br /> Diamonds</em>
An example of the
stones recovered and
produced by Gem
Diamonds

Gem Diamonds Limited – a global diamond producer pursuing an accelerated growth strategy through targeted acquisitions and the development of existing assets – is moving downstream in the diamond business through the establishment of its own cutting and polishing operation.

 

 


DRC mining contracts complete by end September
Sep 01, 2008
<em>Freeport-McMoRan Copper<br /> & Gold – one of the <br />companies involved in <br />contract re-negotiation <br />in the DRC</em>
Freeport-McMoRan Copper
& Gold – one of the
companies involved in
contract re-negotiation
in the DRC

The review by the government of the Democratic Republic of Congo (DRC) of all its mining contracts with foreign and local companies will finish on 30 September.

 

 




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