miningmx

China's growth to hit a sustainable level

by Allan Seccombe | 12-Feb-09 11:55 | add a comment

China's economic growth is seen turning around in the third quarter of this year after a sharp slow down, but it will achieve a more realistic and sustainable level around eight percent this year, an Read ›

Zambia sees 14% copper output fall in 2009

by Allan Seccombe | 11-Feb-09 18:46 | add a comment

Zambian mine authorities revise down their copper output expecations for 2009 because of mines suspending output in the face of stressed metal prices. Read ›

Metorex pushes hard on copper

by Allan Seccombe | 11-Feb-09 17:26 | add a comment

Metorex to renegotiate an expensive contract mining fee at Ruashi as it strives to bring the copper project into full production this year and make it as profitable as possible. Deals are pending in t Read ›

Mmamabula ready to go by mid-year

by Brendan Ryan | 11-Feb-09 16:21 | add a comment

Canadian junior CIC Energy wants to start construction of its proposed Mmamabula power station in Botswana in the second half of the year but must still reach agreement with Eskom on tariffs Read ›

Murenbeeld reckons gold will reach $2,300

by Brendan Ryan | 11-Feb-09 15:27 | add a comment

Gold "guru" Martin Murenbeeld is forecasting gold at $995/oz by the end of the year but his long-term forecast is for it to reach $2,300/oz. Read ›

Katanga at 70,000 T copper from mid-2009

by Allan Seccombe | 11-Feb-09 13:52 | add a comment

Battered Katanga Mining is about to release a technical report into its Congolese operations which should have a run-rate of 70,000 tonnes of copper by mid-2009. It is trying to raise a further $250m Read ›

GBG, Gold One chase down funds

by David McKay | 11-Feb-09 12:13 | add a comment

While South African gold majors are focusing on generating cash, the country's toughest juniors are seeking the means to grow. Read ›

'Inept govt ruining mines'

by Jan de Lange | 11-Feb-09 11:53 | add a comment

Mining firms are concerned that South Africa's department of minerals and energy is unable to handle the conversion of mining rights. Read ›

SA govt must save mine empowerment

by Jan de Lange and Dewald van Rensburg | 11-Feb-09 09:54 | add a comment

Banks can't afford to support black empowerment deals in the South African mining industry any longer, says Absa. Read ›

DRC govt cuts tax to spur mining

by Allan Seccombe | 10-Feb-09 16:34 | add a comment

The Congolese government says it's doing all it can to encourage mining in the country, but it expects the market downturn to knock mining revenue hard. It is working to convince the IMF and World Ban Read ›

Rio Tinto still keen on Coega

by Brendan Ryan | 10-Feb-09 16:23 | add a comment

Rio Tinto is still keen on building the Coega smelter despite comments made last year by CEO Tom Albanese which seemed to have canned the proposed aluminium smelter project. Read ›

Gold producers target cash burn

by David McKay | 10-Feb-09 15:15 | add a comment

The South African gold mining industry, sensing perhaps metals market sentiment has turned in its favour, wants to convince jaded shareholders it can produce real return on capital employed. Read ›

Diamond slump forces De Beers sales rethink

by Allan Seccombe | 10-Feb-09 13:31 | add a comment

De Beers takes a new approach to its much-vaunted supplier of choice strategy, whereby it carefully controlled who bought its rough diamonds. Deteriorating market conditions have forced a rethink of t Read ›

GFMS raises red flag on gold

by David McKay | 09-Feb-09 18:12 | add a comment

Gold's prospects are among the best in a stricken metals market but GFMS director, Paul Walker, provided food for thought about the long-term future of gold. Read ›

Metals to stage mid-term surge

by David McKay | 09-Feb-09 17:18 | add a comment

Metals were still in a bull market despite the temporary setback in prices and equities, said Kevin Norrish, a commodities analyst for Barclays Capital. Read ›

Tales of woe kick off talk shop

by David McKay | 09-Feb-09 12:31 | add a comment

News of more retrenchments and discontinued operations greeted delegates at the 2009 Indaba Mining conference held in Cape Town. Read ›

SA govt to call charter review

by David McKay | 09-Feb-09 10:19 | add a comment

The South African government would call a review of the mining charter before October and also confirmed it may split the minerals and energy department. Read ›
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