Tyre Pressure Monitoring System Saves Ferrybridge Time and Money

The foresight to fit their Terex TS40 motor scraper with a tyre pressure monitoring system (TMS), as part of a tyre-management programme with Wakefield-based Earth Mover Tyres, has saved Ferrybridge power station both expense and downtime when a wheel bearing on one machine overheated. The alarm built into the TMS in the driver’s cab sounded [...]

Gold price above $1 000/oz unsustainable in long run – Harmony

The recent gold price spike, which had seen gold trading at above $1 000/oz, was unlikely to be sustainable in the long run, as this had largely been driven by short-term factors, Harmony Gold chairperson Patrice Motsepe said in the group’s 2009 annual report, which was released on Monday. The gold price had reached a [...]

Two Harmony workers killed in Target accident

Two workers have died in a fall-of-ground incident at Harmony Gold’s Target mine, near Welkom, in the Free State, the company reported late on Monday afternoon. Spokesperson Marian van der Walt had confirmed earlier in the day that four workers had been trapped underground following the incident and that rescue teams were trying to free [...]

Harmony Gold looks to tough times ahead

Despite a bullish long term view directors divided on short term gold price prospects Read more….

Four workers trapped at Harmony’s Target mine in SA

The miners were trapped after a ground fall Read more….

Coin Chat Radio: ANA Show Improvements, New Coin Books, Philharmonic Gold

The October 22nd episode of Coin Chat Radio starts off with a short edition of "What’s In the News" with Bob Van Ryzin. The topic discussed this week was the release ceremony for the US Virgin Islands Quarter that occurred on October 9th in St. Thomas. The event was hosted by Deputy US Mint Director [...]

Weekly Market Recap 10/23/09

ScotiaMocatta, the precious metals division of the Bank of Nova Scotia, said on Thursday that gold prices could rise to a high of $1,400 an ounce in 2010 as investors turn to the metal as a store of wealth, as reported to Reuters. The unemployment rate has been increasing at an alarming rate, yet the [...]

Purchase Gold Bullion

It is a widely accepted precious metal investment strategy to purchase gold bullion for physical possession, regardless of economic circumstances. Gold bullion bars and coins are a safe, discrete means of consolidating wealth, and could prove to be invaluable in the event of an emergency, should our banking system suffer any more self-inflicted trauma. Bullion [...]

Copper, gold, and Chinese pig farmers make Brent Cook nervous

Commentary from geologist Brent Cook, editor of Exploration Insights newsletter, who is a little more than disturbed by reports of heavy speculation in metals in China, not by funds, but by the general populace. Is a commodities bubble being signalled? Read more….

Sasol to build three new replacement coal mines

Coal-to-liquids (CTL) producer Sasol is facing the prospect of replacing three of its large old coal mines with three new coal mines. The three large existing mines earmarked for replacement are the Twistdraai, Brandspruit and Middelbult operations. Set to replace Twistdraai is the new Thubelisha; Impumulelo will replace Brandspruit; and a mine still to be [...]

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