August 31, 2011

Cobalt is the king of critical metals

Most people don't know or care about cobalt. But, as with a number of metals we seldom hear about, we would certainly miss cobalt if it were not available for…

August 31, 2011

Universal Coal acquires 50 pct stake in South African coking coal asset

Universal Coal (ASX: UNV) has secured the Donkin licence area, adjacent to the Somerville coking coal project in the Limpopo Province of South Africa, on a farm-in basis. Based on…

August 30, 2011

Implats halts work at Rustenburg shaft project after fatality

According to the National Union of Mineworkers a contractor from Murray & Roberts died after being struck by a rock at the shaft. Impala Platinum (Implats), the world's second largest…

August 30, 2011

FLSmidth poised to expand extensively in the minerals arena, says new MD

FLSmidth is poised to expand extensively into the minerals arena, a key corporate strategy that is only likely to be challenged by the skills shortage. So says Peter Lohrmann, newly…

August 30, 2011

Implats may invest $10 billion in Zimbabwe – if it has control

Mining Review reports Impala Platinum ‒ the world’s second-largest producer of the precious metal ‒ may invest as much as $10 billion in Zimbabwe to expand production if the government…

August 29, 2011

DRDGOLD’s operating profit up 76% in FY 2011

DRDGOLD Limited, the fourth-largest gold producer in South Africa, announced today that its operating profit increased by 76% increased to R477.0 million for the year ended 30 June 2011. The…

August 29, 2011

Optimum Coal says Glencore unit has 14.1 pct stake it

South Africa's Optimum Coal said on Monday that a unit of Glencore, the world's largest commodity trader, had bought a 14.1 percent stake in it. The announcement comes after Optimum,…

August 29, 2011

Nigeria: Mining Sector to Generate Two Million Direct Jobs

Stakeholders in the mining sector said they are targeting to create about two million direct jobs for Nigerians from the sector. Under the Progressive Miners Empowerment Association (PMEA), the miners…

August 28, 2011

Mining in Africa and the new `Great Game’

Australian companies are now the third-largest spenders on exploration in Africa after South African and Canadian companies, according to two economists from Australia's Export Finance and Insurance Corporation (EFIC).

August 26, 2011

Guinea and China in talks over bauxite mine, alumina refinery

Guinea is in advanced talks with state-owned China Power Investment to develop a bauxite mine and build an alumina refinery, deep water port and a power plant in the West…