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Week at a Glance

Implats moves against ‘no-shows’
Feb 02, 2012
<em>Happier times ‒<br />  females on the<br /> Impala workforce <br />before the strike</em>.
Happier times ‒
females on the
Impala workforce
before the strike
.

Impala Platinum Holdings Limited (Implats) ‒ the world’s second-largest producer of the precious metal ‒ is moving ahead with action against the striking workforce which has refused to return to work at its Rustenburg operations.

 

 


Rough diamond prices have stabilised
Feb 02, 2012
<em>Petra Diamonds <br />CEO Johan Dippenaar.</em>
Petra Diamonds
CEO Johan Dippenaar.

Rough diamond prices have now stabilised after falling from the highs reached in June, according to the newly-published Petra Diamonds interim trading update.

 

 


Promising iron ore prospecting in Mozambique
Feb 02, 2012
<em>Baobab managing <br />director Ben James</em>.
Baobab managing
director Ben James
.

Baobab Resources plc (Baobab) ‒ an Australian-based, AIM-listed exploration company focused on Mozambique ‒ says it has had positive results from its iron ore prospecting drive in the country.

 



Anvil in the clear
Feb 02, 2012
<em>Anvil’s Kinsevere mine,<br /> its biggest investment<br /> in the DRC.</em>
Anvil’s Kinsevere mine,
its biggest investment
in the DRC.

Anvil Mining Limited has announced that in a unanimous decision rendered in Montreal, the Québec Court of Appeal has dismissed court proceedings initiated in November 2010 against the company by the Canadian Association Against Impunity, a group of NGOs.

 

 


Rio Tinto sells its Kalahari stake to the Chinese
Feb 01, 2012
<em>Some of the 19 drills<br /> on site at the Husab <br />uranium project when<br /> exploration activities <br />peaked in mid 2010.</em>
Some of the 19 drills
on site at the Husab
uranium project when
exploration activities
peaked in mid 2010.

International mining giant Rio Tinto has accepted a bid from China Guangdong Nuclear Power Corporation (CGNPC) for its 11.1% stake in Kalahari Minerals ‒ a top shareholder in one of the world’s largest uranium projects.

 



Gold One aims for 300,000oz in 2012
Feb 01, 2012
<em>At Gold One’s Modder <br /> East mine, hydropower <br /> is being used to power<br />  rock drills, cutting<br />  electricity consumption<br />  by 20%</em>
At Gold One’s Modder
East mine, hydropower
is being used to power
rock drills, cutting
electricity consumption
by 20%

Dual-listed gold explorer, developer and producer Gold One International Limited has set its production forecast for 2012 at 300,000 oz, aided by the continued ramp-up of its Modder East mine and new contributions from its recently acquired Rand Uranium operations.

 

 

Merafe ferrochrome output down by almost 12.5%
Feb 01, 2012
<em>Liquid ferrochrome <br />being cast into <br />moulds.</em>
Liquid ferrochrome
being cast into
moulds.

Merafe Resources ‒ a partner with Xstrata South Africa (Pty) Limited in the Xstrata-Merafe Chrome Venture, the world's largest ferrochrome producer ‒ has revealed that attributable production of ferrochrome declined to 263,000t in the year ended December 2011, from 300,000t the previous year.

 



Blackthorn Resources appoints new director
Feb 01, 2012
<em>Derek Carter ‒ <br /> newly appointed <br /> non-executive director<br />  of Blackthorn Resources<br />  Limited</em>
Derek Carter ‒
newly appointed
non-executive director
of Blackthorn Resources
Limited

Blackthorn Resources Limited has announced that Derek Carter has agreed to join the board of the company as a non-executive director, effective from today.

 

 


Goodlace is the new Impala CEO
Jan 31, 2012
<em>The new CEO <br />of Impala Platinum, <br />Terence Goodlace.</em>
The new CEO
of Impala Platinum,
Terence Goodlace.

Impala Platinum Holdings Limited (Implats) has announced the appointment of Terence Goodlace as CEO and as an executive director to the board of directors of the company with effect from 1 July 2012.

 



Implats strike continues
Jan 31, 2012
<em>A convertor furnace <br />at Impala Platinum’s <br />mineral processes</em>.
A convertor furnace
at Impala Platinum’s
mineral processes
.

Impala Platinum Holdings Limited (Implats) has revealed that the majority of the mining workforce at its Impala Rustenburg operations once again failed to report for duty yesterday.

 

 

Zimbabwe Chamber warns government against hiking royalties
Jan 31, 2012
<em>Part of the operations<br /> of Zimplats ‒ Zimbabwe’s <br />biggest platinum producer.</em>
Part of the operations
of Zimplats ‒ Zimbabwe’s
biggest platinum producer.

The Chamber of Mines of Zimbabwe (CMZ) has warned the government against continuously hiking royalties, stressing that this could discourage investors and undermine the mining industry's capacity to bankroll development projects.

 

 


Zambia to review mining act
Jan 31, 2012
<em>Zambian Mines minister<br /> Wilbur Simuusa.</em>
Zambian Mines minister
Wilbur Simuusa.

The government of Zambia has confirmed that it will soon review the Mines and Mineral Development Act to bring it in line with best practices in other legislation in the Southern Africa Development Community (SADC) region.

 

 

Zimbabwe government to withdraw platinum export licences
Jan 30, 2012
<em>Mimosa ‒ one of<br /> Zimbabwe’s main <br />platinum mines</em>.
Mimosa ‒ one of
Zimbabwe’s main
platinum mines
.

The Zimbabwean government will soon withdraw export licences from mining companies which are exporting raw platinum, in a move specifically designed to promote the value addition of minerals.

 



UN report calls for action to control minerals trade
Jan 30, 2012
<em>An indication of <br />the poor conditions <br />in which mining<br /> of conflict minerals<br /> is undertaken.</em>
An indication of
the poor conditions
in which mining
of conflict minerals
is undertaken.

Governments and companies must undertake a campaign to redouble their efforts to implement international supply chain control standards which are aimed at ending global trade in conflict minerals.

 

 





 
iPAD Angola
12 - 14 June 2012, Luanda, Angola
iPAD DRC 2012
16 - 18 October 2012, Kinshasa, DRC




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