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EXPLORATION

Ivanplats significantly adds to African projects’ resources Restricted

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Africa-focused project developer Ivanplats on Wednesday said it had significantly increased the resources at two of its largest African projects and added that it was moving to finalise its mining-right application at the South African Platreef...
By: Henry Lazenby
15th May 2013
 
 
COPPER

Palabora temporarily closes north hoisting tower Restricted

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South African copper producer Palabora Mining indicated on Wednesday that it would have to revise its forecast hoisting volumes from its underground mine, as its north hoisting winder would be out of service, owing to tangled tail ropes. The...
By: Idéle Esterhuizen
15th May 2013
 
 
URANIUM

Paladin Energy reports fall in profit, despite high sales volumes Restricted

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Dual-listed uranium producer Paladin Energy reported that lower prices resulted in a drop in its gross profit for the nine months ended March, to $28.9-million, from $30.3-million in the 2012 corresponding period. The average realised uranium...
By: Idéle Esterhuizen
15th May 2013
 
 
platinum

Lonmin miners return to work Restricted

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Striking workers at the Lonmin platinum mine in Marikana in the North West resolved to return to work immediately on Wednesday. Association of Mineworkers and Construction Union (Amcu) president Joseph Mathunjwa held a meeting with the workers and...
By: Sapa
15th May 2013
 
 
HEALTH & SAFETY

Freeport Indonesia suspends mine operations after tunnel collapse - source Restricted

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The Indonesian unit of Freeport-McMoRan Copper & Gold suspended operations at the world's second-largest copper mine on Wednesday, a source with knowledge of the matter said, after a training tunnel collapsed the previous day. Four mine workers...
By: Reuters
15th May 2013
 
 
URANIUM

Strateco books $87m impairment as Quebec uranium project stalls Restricted

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Quebec-based Strateco Resources has booked a $87-million impairment charge during the first three months of the year, as its flagship Matoush uranium project lays in limbo following the province’s March moratorium on uranium exploration and...
By: Henry Lazenby
15th May 2013
 
 
PLATINUM

Eastplats reports quarterly loss as production winds down Restricted

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South Africa-focused platinum miner Eastern Platinum (Eastplats) reported another first-quarter net loss as platinum group metals (PGMs) output fell by more than half, owing to the company winding down operations in an effort to weather the...
By: Henry Lazenby
15th May 2013
 
 
GOLD

New technology potential game changer – AngloGold Video Available Restricted

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Srinivasan Venkatakrishnan (right) and Martin Creamer New mining technology, which has already been so successful on one site that it is being migrated to others, could be a key game changer for the South African mining industry. New AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat) said he...
By: Martin Creamer
15th May 2013
 
 
DIAMONDS

Rockwell says Wouterspan economics sufficient to move to next stage Restricted

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TSX- and JSE-listed diamond miner Rockwell Diamonds has completed a positive preliminary economic assessment study for its Wouterspan alluvial diamond project, which is central to its Middle Orange River strategy. The study indicated “positive...
By: Creamer Media Reporter
15th May 2013
 
 
RATINGS

SA's resurgent labour unrest could threaten rating – Moody's Restricted

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Revived labour unrest in South Africa's mining industry could impact export competitiveness and threaten the credit rating of Africa's top economy, analysts from Moody's said on Wednesday. Labour strife in South Africa's platinum belt has...
By: Reuters
15th May 2013
 
 
 
 
 
 
 
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