Miners eye sea as land resources diminish

The diminishing nature of some land-based mineral resources (the resource determines where you mine and whether you mine – not a nongovernmental organisation focus which is, in fact, a welcome interest) has increased the importance of marine mining and has reignited the interest of mining houses in this new frontier. Although Southern Africa has a [...]

Australian companies team up to develop lithium project

ASX-listed Reed Resources had signed an agreement with fellow listed Mineral Resources to develop the Mount Marion lithium project, in Western Australia, the company announced on Tuesday. Under the terms of the agreement, Mineral Resources would deliver an operations-start notice by the end of June 2010, with operations starting by the end of December that [...]

Two mineworkers killed in separate SA accidents

South African miner Gold Fields on Friday confirmed that a worker had died at its Driefontein mine, in Carletonville. Gold Fields spokesperson Julian Gwillim said that the worker was killed in a tramming accident. He added that operations were currently ongoing, while the Department of Mineral Resources (DMR) conducted an investigation. It was expected that [...]

Significant gold resources discovered in Chinese mine

A large amount of gold has been found in a mine in the Qinghai province in China. The Bureau of Geology and Mineral Resources in the region said that it had found 106 confirmed gold ore bodies and a high quantity of indicated gold resources at the mine in Dachang, People’s Daily Online reports.The news [...]

Simmers appointing new board members, welcomes State’s ‘fronting’ probe

JSE-listed gold junior Simmer & Jack (Simmers) on Friday reported that a process was under way to recruit new independent nonexecutive directors and said it would welcome a ‘fronting’ investigation by the Department of Mineral Resources (DMR). Last month, Simmers announced the resignation of independent nonexecutive director Kevin Wakeford and nonexecutive directors Siviwe Mapisa, Baba [...]

Implats worker killed in Rustenburg fall-of-ground accident

World number-two platinum producer Impala Platinum (Implats) on Tuesday reported a fatality at its 8 Shaft, at the Rustenburg operations in South Africa. The company reported that a fall-of-ground incident took place on Monday night, and all tramming and blasting operations have now been suspended at the shaft. Implats management and the Department of Mineral [...]

First Uranium’s Ezulwini mine reopened

Operations at JSE- and TSX-listed First Uranium’s Ezulwini mine resumed on Monday night, following a fatality at the mine the week before. First Uranium CEO Gordon Miller noted in a statement that the Department of Mineral Resources had concluded its investigation earlier on Monday. Read more….

Investment in mineral resources still has legs

Malcolm Gissen and Marshall Berol of the Encompass Fund share why they believe “we’re still in the early innings” of the resource investment game and foresee a bright future for the all-star junior miners. Interview with The Gold Report. Read more….

Strong rand closes gold shaft, safety plunges Buffels into loss – Simmers

The strong rand has resulted in the closure of the Number 12 shaft and government safety stoppages have plunged the Buffelsfontein (Buffels) gold mine into a loss in the June quarter, JSE-listed gold-mining junior Simmer & Jack Mines (Simmers) reported on Wednesday. "The unexpected strength of the local currency has impacted negatively on earnings," Simmers [...]