Gold

Gold incorporates gold exploration, gold mining and gold processing. It also incorporates gold price, gold production, refining, hedging, investment, jewelry, gold reserves, deep-level mining, mechanisation, automation, gold mining technologies, gold pour, nanotechnology, ETFs, gold futures market, rock drill, long hold stoping and gold demand.

GMA’s disappointing half-year in Algeria

[img:Amesmessa%20site_0.JPG|Earth-moving operations
in full swing at
GMA’s Amesmessa
site in Algeria
]London, England --- MININGREVIEW.COM --- 25 September 2008 - GMA Resources plc – incorporated in Australia and listed on the London Stock Exchange’s Alternative Investment Market – has had a disappointing first half of 2008, with gold production at its Amesmessa mine in southern Algeria dipping sharply in the second quarter. The downward trend is expected to continue in the third quarter.

Ghana’s gold revenue up 40%

[img:Tarkwa%20operation_0.JPG|The Tarkwa operation
– one of two top-
producing gold mines
in Ghana
]Accra, Ghana --- MININGREVIEW.COM --- 22 September 2008 - Ghana's gold output rose 3% to 1.27 million ounces in the first six months of 2008, but higher prices drove revenues up by a substantial 40 % to US$1.1 billion (R8 25 billion), according to the country’s Chamber of Mines.

Two more SA miners lose their lives

[img:DRD%20tunnel_0.jpg|An underground
haulage track at
DRDGold’s ERPM mine
]Johannesburg, South Africa --- MININGREVIEW.COM --- 22 September 2008 - DRDGold Limited – a medium-sized gold producer with operations and exploration activities in South Africa – has revealed that two of its workers were found dead in a shaft cage that transports workers more than a kilometer underground at its East Rand Proprietary Mines (ERPM) operation.

Uncertainty boosts BHP takeover bid

[img:New%20BHP%20guy_0.jpg|Marius Kloppers,
Chief Executive,
BHP Billiton
]Canberra, Australia --- MININGREVIEW.COM --- 19 September 2008 - The hostile US$111 billion (R832 billion) bid for the rival Rio Tinto Group by BHP Billiton – the world's largest mining company – has become more attractive amid the current uncertainty in global financial markets.

Rio Tinto on port shortlist

[img:Cameroon%20bay_0.jpg|The port of Douala,
soon to be replaced
by a new deepwater
port
]Yaounde, Cameroon --- MININGREVIEW.COM --- 19 September 2008 - Global miner Rio Tinto, Australia's Sundance Resources and a Chinese company are among those shortlisted to build a US$655 million (R5 billion) port in the Central African state of Cameroon.
 
Making the announcement here, the government of Cameroon said it was aiming to attract investment of US$10 billion (R75 billion) in its bauxite, iron ore, cobalt, uranium and nickel deposits in the next few years, and improved infrastructure, including ports, were a key part of that drive. The proposed new deep-sea port – at Grand Batanga near Kribi in the south of the country – would be able to take much larger vessels than the main port of Douala. It would be linked by road and rail to major mining projects under development in Cameroon's interior.

Rio Tinto’s uncertain future

[img:BHP%20guy_0.jpg|Marius Kloppers,
Chief Executive,
BHP
]Seoul, South Korea --- MININGREVIEW.COM --- 19 September 2008 - The Rio Tinto Group – the London and New York-listed international mining group headquartered in the United Kingdom, and the world’s third-largest mining company – will probably be broken up within two years by a group including Chinese investors.

Zimbabwe gold production plunges

[img:Zimbabwe%20gold_0.JPG|Gold – production
down by almost a
half in Zimbabwe
this year
]Harare, Zimbabwe --- MININGREVIEW.COM --- 18 September 2008 - Zimbabwe's gold output plunged 44% in the first seven months of 2008 as miners grappled with power cuts, an overvalued local currency and delays in Central Bank payments.

Reporting from the Zimbabwean capital, Reuters quoted the country’s Chamber of Mines as saying that gold output had slumped to 2 624 kg between January and July this year, compared to 4 686 kg during the same period in 2007.

Major milestone for Buffelsfontein

[img:Bultfontein%20gold%20mine_0.jpg|Simmer & Jack’s
Bultfontein
gold mine
]Johannesburg, South Africa --- MININGREVIEW.COM --- 17 September 2008 - Emerging South African resources company Simmer and Jack Mines Limited (Simmers) says its Buffelsfontein Gold Mine (BGM) has reached a significant milestone by commencing hoisting operations at its high-grade Number Five shaft.

Xstrata wins again

[img:Xstrata%20guy_0.jpg|Mick Davis,
Chief Executive,
Xstrata plc
]Zug, Switzerland --- MININGREVIEW.COM --- 16 September 2008 - Xstrata plc – the fifth largest diversified metals and mining company in the world, with operations and projects in 18 countries – has been recognised by the Dow Jones Sustainability Index (DJSI) as the Global Super Sector leader for basic resources in its World and STOXX Indexes. This is the second consecutive year that Xstrata has been named as the resources sector leader, and third year it has been included in the DJSI of sustainability leaders.

Obuasi reverses declining operations

[img:Obuasi_0.jpg|The Obuasi sulphide
treatment plant
at night
]Accra, Ghana --- MININGREVIEW.COM --- 15 September 2008 - AngloGold Ashanti Limited – Africa’s biggest gold miner – has turned around declining operations at its Obuasi mine in Ghana, and aims to boost its output by 21% to 435 000 ounces of gold next year.

With an established reputation as the world's third largest gold miner, the company launched a three-year US$135 million (R1 billion) investment plan for the century-old Ghanaian pit earlier this year. “This initiative is now showing good results,” AngloGold Vice President for West Africa Christian Rampa Luhembwe told Reuters.

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