“Having started trial mining at Silverstreams in July last year, our progress on the project has been excellent despite the fact that Eskom failed to hook us up to the power grid until January this year. We faced the challenge of having to operate on diesel at a cost of around R1 million a month, whereas operating cost on Eskom power amounts to only R200,000 a month."
“Our intention here is to get the Kwango alluvial deposits up and running so that our DRC operations will be joining our South African side in contributing directly to the earnings bed,” BRC-DiamondCore president Mike de Wit tells Mining Review Africa. “It is too early to guarantee performance, but we certainly have good indications that the grades there are interesting."
Mozal smelter in
Mozambique]Melbourne, Australia --- MININGREVIEW.COM --- 19 August 2008 - BHP Billiton – the world’s largest diversified mining and resources company – has achieved another year of record earnings, driven by excellent operating performance, cost control and the delivery of high margin growth projects into strong market conditions.
Chief Executive Officer,
Exxaro]Johannesburg, South Africa --- MININGREVIEW.COM – 15 August 2008 - Diversified, South African-based resources group Exxaro Resources Limited (Exxaro) today reported revenue of R5.8 billion for the six months ended 30 June 2008 – an increase of 19% over the comparative period last year.
Lace diamond mine,
near Kroonstad]London, England --- MININGREVIEW.COM --- 12 August 2008 - DiamondCorp plc – an emerging diamond producer which expects to generate revenue of up to US$1.5 billion (more than R10 billion) from its newly launched Lace diamond mine in South Africa – has arranged a loan facility to an amount of US$5 million (R37.5 million) with Africa Opportunity Fund LP (AOF) to accelerate development of its Lace mine outside Kroonstad in the Free State.
brown diamond from
Paardeberg East, which
sold for US$4 317
(almost R32 400) per
carat]Johannesburg, South Africa --- MININGREVIEW.COM --- 11 August 2008 - BRC DiamondCore Limited – a growth-focused African diamond explorer, created through the merger of BRC Diamond Corporation of Toronto and DiamondCore Resources of Johannesburg – says 959.46 carats of diamonds from its Silverstreams alluvial and Paardeberg East kimberlite trial mining projects were sold at the company's fifth tender sale for US$992 555 (R7.4 million).
African mine]Johannesburg, South Africa --- MININGREVIEW.COM --- 08 August 2008 - Total mining production in South Africa – the world’s biggest precious metals producer –has halted its downward trend, and mineral prices are riding higher than ever.
Releasing latest production figures here today, Statistics South Africa revealed that the country’s overall mining output for the second quarter of 2008 had risen 7.7% above production in the first quarter of the year. The production of platinum group metals (PGMs) contributed 4.4% while diamonds contributed 1.5% Nickel was the only significant negative contributor (-0.1%) to the quarterly change in total mining production.
Gold – one of the companies
involved in contract
re-negotiation in the DRC]Kinshasa, DRC --- MININGREVIEW.COM --- 08 August 2008 - The government of the Democratic Republic of Congo (DRC) – the world's largest source of cobalt – has announced that state-owned mining companies will lead the re-negotiation of all mining contracts with foreign investors. The re-negotiation process is scheduled to begin later this month.
at work today, after
national strike]Johannesburg, South Africa --- MININGREVIEW.COM --- 07 August 2008 - Yesterday’s one-day strike called by the Congress of South African Trade Unions (COSATU) saw thousands of workers protesting against rising food and energy prices and increasing interest rates. It had a definite effect on the mining industry, with various mines reporting a range of low attendance figures.
Pangea’s Dimbi alluvial
diamond project in
the C.A.R.]London, England --- MINING REVIEW.COM --- 07 August 2008 - Pangea Diamondfields plc (PDF) – a mid-tier diamond producer and exploration company with a portfolio of eight projects in Central and Southern Africa – expects to meet its stated objective of having three projects cash flow-positive and in commercial scale operation by the end of 2009.