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.

BETTING ON THE CAR

As a result Axmin controls two major greenstone areas in the CAR, the 2,000 km2 Bambari permits and the 1,000 km2 Pouloubou permit.

By going into an African country perceived to provide a level of political risk, Axmin is looking to repeat what many of its key people have done before – in Tanzania.

Though Axmin was formed in 1999 its origins really go back a decade earlier to 1989 when the junior exploration company, Samax, was put together by current Axmin president Michael Martineau. Samax made two significant new discoveries in Tanzania, one of which was the Golden Pride deposit in Tanzania now mined by Resolute Mining. Another, at Kukaluma - Matandani forms part of Geita. In summary, Samax proved to be a huge success and was eventually bought out by Ashanti Goldfields for US$140 million in 1998.

EXPLOSIVES DEMAND DEMONSTRATES WEST AFRICA’S GROWTH

Manufacture of detonators increased from 1 million units in 2003, to over 1.5 million last year,” says Nigel Convey, managing director of AEL Ghana, “and we anticipate exceeding the 2 million mark in 2005.

“We import the broken down detonator components from AEL head office in South Africa, and assemble them at our facility in Bogoso,” he says. The quality is good, with failure rates of better then 1:1.5 million being seen, and timing well within specification.

WHY CLUFF FAVOURS WEST AFRICA

Cluff believes that West Africa is the region of the continent likely to turn up more of the large world class gold deposits, such as the Malian and Ghanaian elephants, Tarkwa, Obuasi, Ahafo, Akyem, Sadilola, Loulo, Morila.

“It is much more difficult to find new gold territory in places such as South Africa and Tanzania,” he says. “But in West Africa much less exploration has been done and there is a wealth of opportunities.” “It is not only the geology, but in general West Africa wants foreign investment and most of the countries there have created mining codes that welcome foreign mining investment. The political volatility we have seen in the region is really only a function of growing pains,” Cluff says. In comparison he questions the attractiveness of South Africa because of its taxation and empowerment related regulatory hurdles.

PAVILION AND HATCH IN WORLDWIDE AGREEMENT

Pavilion Technologies, which specialises in advanced process control (APC) and environmental compliance solutions, has formed a worldwide strategic alliance with Hatch.

The partnership will provide Hatch customers in the cement, mining, metallurgy, and energy (hydro, windpower, and fossil) sectors with industry-specific solutions powered by Pavilion8 advanced process control and performance management software. The initial geographic focus of the partnership will be in North America, South Africa and Australia.

LOULO SENDS FIRST ORE THROUGH ITS MILL

The Loulo gold mine in Mali has fed its first ore through its mill, and the gold inventory is now being built up in the circuit, paving the way for first gold production. Project engineering company MDM is building the plant for Randgold Resources in Mali.

Loulo
The Loulo plant.

Loulo is the second large scale mine that MDM has built with Randgold Resources in Mali – the first being Morila, where first gold was poured in October 2000.

HARMONY’S GROWTH PROJECTS ON TRACK

Two of Harmony Gold Mining Company’s growth projects, Doornkop and Phakisa, recently reached milestones in their development. The Doornkop South Reef project is a R1 billion (US$0.15 billion) project involving the deepening of the existing Doornkop Mine to access the South Reef. The project is due to commence production in October 2006 and will achieve peak production of over 300,000 ounces in 2009.

APE PUMPS SETS ITSELF APART

ape pumps 5
 
APE Pumps is a manufacturer of specialist pumps, and an estimated 25% of its business is either directly or indirectly linked to the mining sector.

It has both the experience of a long history, and the energy of a new and dynamic company. APE Pumps’ history goes back to its formation in the United Kingdom in 1878, and it opened its first South African office in 1892. In 1952 the company began manufacturing in South Africa, under the name Sangus. However, APE Pumps is also only in effect nine years old as it took its present form in 1997, following a management buyout. Today the Gauteng, South Africabased company employs 65 people, in addition to the 54 people at its forge, where it manufactures the castings for its pumps. APE Pumps’ casting facility uses some 60% to 65% of its capacity on APE products and also does work for other companies that are not direct competitors. The castings factory does some 60 tonnes a month of castings.

BLUEPRINT FOR BIODIVERSITY GOOD PRACTICE IN MINING

Mining companies seeking to improve their biodiversity performance can now do so with the help of a new 142- page guide that has been published by the International Council on Mining and Metals (ICMM).

ICMM’s Good Practice Guidance for Mining and Biodiversity is designed for use by mining companies at all stages of their operations, from initial exploration to mine closure planning and implementation.

PROVIDING GLOBAL TECHNICAL SOLUTIONS FOR MINERALS EXTRACTION

Outokumpu Technology’s global vision is to provide technical solutions for the profitable extraction of minerals in many countries in Africa, Australia, America, Middle East, Europe and Asia. Its mission is to contribute to the processing of metals and related materials by providing innovative solutions to the producers of concentrates of metals and to the metallurgical and minerals industries. The South African office is responsible for the sales and marketing of mineral processing equipment to the African continent.

PROVIDING GLOBAL TECHNICAL SOLUTIONS FOR MINERALS EXTRACTION

Outokumpu Technology’s global vision is to provide technical solutions for the profitable extraction of minerals in many countries in Africa, Australia, America, Middle East, Europe and Asia. Its mission is to contribute to the processing of metals and related materials by providing innovative solutions to the producers of concentrates of metals and to the metallurgical and minerals industries. The South African office is responsible for the sales and marketing of mineral processing equipment to the African continent.

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