AFRICA

OVERALL SA FATALITIES DECLINE 22%

Gold Fields has worst South African mine fatality rate so far this year

Thursday , 03 Jul 2008
Deaths in South African mine fell from 109 at this time last year to 85 fatalities this year.
HEAVY PROFIT TAKING

Sharp correction in coal prices hits listed stocks

Thursday , 03 Jul 2008
Fundamentals steady, but a correction in frothy spot prices triggers sharp sell off of listed stocks, in coal and beyond.
SERIES OF PROTESTS PLANNED

South African NUM miners will strike on August 6th

Wednesday , 02 Jul 2008
The NUM said it would hold a series of protests in South Africa's nine provinces, starting on July 9 to July 23, culminating in the national strike by its members.
INVESTMENT INSIGHTS

Uranium One secures $100m debt facility

Wednesday , 02 Jul 2008
But a limited update from the company gives no detail on whether the Dominion project has stopped burning cash.
INVESTMENT INSIGHTS

Is First Quantum a screaming buy?

Wednesday , 02 Jul 2008
Copper metal may be ready to assault its all time record of $8,880 a ton, but many listed copper stocks are priced like dogs.
MEASURES ALREADY IN FORCE

Ghana gold miners negotiate over 100 percent power price increase

Wednesday , 02 Jul 2008
The Ghanaian mining sector, dominated by gold operations, is facing a 100 percent increase in the cost of power which it is reported as saying will put jobs on the line.
CRISIS TIME

Global listed gold sector on the up

Wednesday , 02 Jul 2008
Led by Goldcorp, trading at record levels, listed gold stocks run hard and move sharply back up the global resources performance ladder.
ANOTHER TO OPEN THIS YEAR TOO

African nation Burkina Faso opens third gold mine inside a year

Tuesday , 01 Jul 2008
Canadian listed Semafo has followed Etruscan and High River in opening Bukina Faso's third gold mine in a year. The country's gold output is set to rise to 15-20 tonnes a year by the end of 2009 making it one of Africa's largest gold producers
STRONG MARGINS

Albidon enters "cashflow stage" with Munali nickel project

Tuesday , 01 Jul 2008
Albidon has produced first concentrate at its Munali Nickel project in Zambia and has plans for growth.
NEW MONITORING SYSTEM WORKS

Another platinum smelter shutdown loses output

Monday , 30 Jun 2008
The world’s third largest producer Lonmin suffered another setback at its number one furnace Monday, but says its past work has paid off.
WGC STUDY

Austrian Central Bank reduces gold sales programme

Monday , 30 Jun 2008
The World Gold Council says it expects Austria to continue selling small amounts of gold over the remainder of the second Central Bank Gold Agreement.
PRODUCTION COSTS RISING SHARPLY

Gold Fields CEO reckons gold price will rise to $1,200 by June 2009

Monday , 30 Jun 2008
Gold Fields CEO Nick Holland expects the gold price to rise to $1,200 by June 2009, but says production costs are also rising fast.
GLOBAL RESOURCES STRATEGY

Select asset commodities continue to roar

Monday , 30 Jun 2008
A fragile dollar, roaring inflation, wobbly businesses, and constricted credit underpin ongoing portfolio flows into select “asset” commodities.
2 MINERS DEAD

Gold Fields ordered to halt Kloof mine operations

Thursday , 26 Jun 2008
Gold Fields was ordered to stop mining at the Kloof mine by the Department of Minerals and Energy after two miners were killed shortly after the mine achieved 1 million fatality free shifts.
SOUTH AFRICAN COAL MINING

Front-running coal junior to boost Richards Bay exports by 500,000t

Thursday , 26 Jun 2008
SA Coal Mining says it is making a substantial investment in its flagship Umlabu mine with an eye toward the future.
DRILLING FOR EQUITY IN SOUTHERN AFRICA

Sentula to grow mining services, coal mining rapidly again

Thursday , 26 Jun 2008
CEO Robin Berry says Sentula Mining will repeat its rapid growth of the last 18 months over the next few years and sees potential for consolidation in the junior coal sector.
LARGE SMELTER CAPACITY

Zambia's copper cathode output will hit 600,000 T

Wednesday , 25 Jun 2008
More smelter capacity and new mine startups will help Zambia achieve 600,000 tonnes of copper production this year.
INVESTMENT INSIGHTS

Strange platinum rumblings

Wednesday , 25 Jun 2008
Has Anglo American CEO Cynthia Carroll lost the Zimbabwe plot, or is she squaring up for a battle of a completely different kind?
INVESTMENT INSIGHTS

SA golds: a "glimmering" trading opportunity

Wednesday , 25 Jun 2008
RBCCM says that the South African gold sector appears to be around its most attractive pricing in almost six years.
LONG-TERM VIABLE BUSINESS POSSIBLE

Anglo reviewing platinum project in Zim

Wednesday , 25 Jun 2008
Anglo American says it can’t give a firm answer on the future of the Unki platinum project yet as it is reviewing the “fluid” situation in the country.
INVESTMENT INSIGHTS

The kings of iron ore get record prices

Tuesday , 24 Jun 2008
No kidding, Rio Tinto’s 2008 iron ore contract settlements are like oil jumping to $270 a barrel, or gold hopping to $1 800 an ounce.
‘VALUE PROPOSITION’

JSE, TSX work on dual listings for miners

Tuesday , 24 Jun 2008
The JSE and TSX are in talks to enable easy access to greater capital and increased liquidity through dual listings.
PRODUCTION DECISION NOT YET MADE

Gold Fields says Ghana production intact despite illegal miners

Tuesday , 24 Jun 2008
Gold Fields says its Damang operations have not been “materially affected” by the presence of thousands of illegal miners on a remote lease area of this mine.
STEEL PRODUCTION GROWTH ABOVE 10%

China more dependent on iron ore imports in future

Monday , 23 Jun 2008
The Fortis VM Group’s Asian Metals Monthly says negotiations on Australia’s iron ore contract price will become even tougher in future as the country’s imports is set to double again over the next five years.
GOVERNMENT CAN'T GUARANTEE SAFETY

Niger Tuareg rebels kidnap 4 Areva uranium workers

Sunday , 22 Jun 2008
The Niger Justice Movement has kidnapped four Areva uranium miners as a warning to foreign mining companies doing business in the country.
DUAL POWER SUPPLY PLANNED

New bauxite mine and alumina refinery for Ghana as it buys Alcoa stake in VALCO

Saturday , 21 Jun 2008
The Ghanaian government says it is buying Alcoa's 10 percent stake in the VALCO aluminium smelter and plans new bauxite mine and alumina refinery to feed it.
INCREASING HEADWINDS

AngloGold Ashanti dives too - The SA Factor

Friday , 20 Jun 2008
South Africa's the common linkage as the stock price of another global Tier I gold miner hits 12-month lows.
INVESTOR HUB: Gold / Copper

   

TOP STORIES

RUSSIA’S RICHEST MAN FACES LONDON TRIAL

Rusal’s Oleg Deripaska loses battle to stay out of the High Court

Thursday , 03 Jul 2008
High Court’s Lord Clarke grants Mikhail Chernoy UK jurisdiction to pursue his share of Rusal.
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HIGHER GLOBAL STEEL PRICES

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ATTAINING SELF-SUFFICIENCY?

Steelmakers securing raw materials for the future 

INTERNATIONAL STAINLESS STEEL FORUM

Global stainless steel Q1 output falls 6.5 % 

LOOKING AT EFFECTS UNTIL 2015

EU investigates long-term impact of BHP’s bid for Rio 

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