Miners eye sea as land resources diminish
October 30, 2009 by goldguru · Leave a Comment
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 [...]
Second Take: Coal is still king
October 30, 2009 by goldguru · Leave a Comment
The increasing need for coal mines in South Africa. Read more….
US Gold Eagles 2009
October 28, 2009 by goldguru · Leave a Comment
If you haven’t heard the news already, the U.S. Mint announced earlier this year that they would be curtailing their overall production of US Gold Eagles in 2009 due to problem sourcing gold to mint them from. The Mint is required to source it’s gold from American mines and because of the huge worldwide demand [...]
Ivanhoe gets $388m injection as Rio boosts stake
October 28, 2009 by goldguru · Leave a Comment
Diversified miner Rio Tinto has doubled its holding in Vancouver-based Ivanhoe Mines for $388-million, the firms announced on Wednesday. Rio now owns 19,7% of Ivanhoe, up from the previous 9,9%. The investment was completed as part of a 2006 agreement between the two companies. Read more….
Actlabs SGH technique provides gold hope for Golden Hope
October 28, 2009 by goldguru · Leave a Comment
The employment of a new geochemical technique has pinpointed a highly prospective anomalous area for Golden Hope Mines. Read more….
Aquarius posts $9,5m profit, output drops sharply
October 27, 2009 by goldguru · Leave a Comment
Midtier platinum-miner Aquarius Platinum posted a net profit in the September quarter, despite production falling by almost 25% as a result of industrial action and mine closures. The company, which owns mines in South Africa and Zimbabwe, boosted first-quarter profit to $9,5-million, from a loss of $21,5-million a year earlier, when sales adjustments caused by [...]
Trapped Rwandan tungsten miners rescued
October 27, 2009 by goldguru · Leave a Comment
The Rwandan government says that three miners trapped at the Nyakabingo tungsten mine since Saturday have been rescued amid calls for improved safety standards in mines. Read more….
Significant Ethiopian gold deposits found
October 26, 2009 by goldguru · Leave a Comment
Gold deposits that could result in the production of up to 41 tonnes of the precious metal have been found in Ethiopia. Speaking to Reuters, Gebre Egziabher Mekonen of Ethiopia’s ministry of mines and energy said two firms – UK-based Golden Prospecting Mining and Midroc Gold – had found gold deposits in two separate areas [...]
Sasol to build three new replacement coal mines
October 23, 2009 by goldguru · Leave a Comment
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 [...]
ANC leaders must support nationalisation of mines – Malema
October 23, 2009 by goldguru · Leave a Comment
Nationalisation of mines was prescribed in the Freedom Charter and therefore a prerequisite for leadership in the ANC, ANC Youth League president Julius Malema said on Thursday. "If you are not for nationalisation you are not qualified to lead the ANC," said Malema at a ANCYL sponsored debate with Business Day columnist Tim Cohen and [...]
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