SA will have enough power

[img:Power%20-%20Pic%201_3.jpg|Buyelwa Sonjica,
Minerals & Energy
Minister
]Cape Town, South Africa --- MININGREVIEW.COM --- 10 February 2009 - Good news for the South African mining industry is that minerals and energy minister Buyelwa Sonjica says the government will ensure that the country will have sufficient power supply by 2018.
 
Reuters quotes the minister as emphasising that there will be enough power despite a postponement of its nuclear expansion programme. South Africa expects its next nuclear power plant to come on stream by 2019, two years later than initially planned by Eskom, which has delayed plans to build the facility due to financial woes.

State mining revenue declining in Zambia

[img:Zam-mines%20-%20Pic%201_0.jpg|Drilling in Munshiwemba
pit at one of African
Eagle’s Zambian copper
projects
]Livingstone, Zambia --- MININGREVIEW.COM --- 10 February 2009 - The government of Zambia – Africa’s largest producer of copper – says state mining revenue is declining steadily, and more than 5 000 jobs have been lost as a result of plunging prices for the metal.

DRDGold profits up

[img:Ergo%20water_0.jpg|DRDGold’s Ergo
joint venture
]Johannesburg, South Africa --- MININGREVIEW.COM --- 09 February 2009 - DRDGold Limited – the fourth-largest gold producer in Africa – has reported a 65% increase in operating profit to R94.3 million, and a 30% rise in headline earnings per share to 13.6 South African cents for the quarter ended 31 December 2008.

Harmony triples profit

[img:New%20Harmony%20night_0.jpg|A night shot of
Tshepong – one of
Harmony’s South African
operations
]Johannesburg, South Africa --- MININGREVIEW.COM --- 9 February 2009 - Harmony Gold Mining Company – Africa’s third-largest gold producer – says its fiscal second-quarter profit tripled after the company sold a stake in its uranium assets, and the rand price of gold increased.

Aquarius revenue and profits drop

[img:Implats_0.jpg|Overview of Aquarius
Platinum’s Kroondal
operation
]Johannesburg, South Africa --- MININGREVIEW.COM --- 06 February 2009 - Aquarius Platinum –a focused platinum group metals producer in southern Africa, listed on the Australian, London and Johannesburg stock exchanges – has posted significant decreases in revenue and profits for the first half of its 2009 financial year.

Mining right for DiamondCorp

[img:Lace%20truck_0.jpg|Tailings for the Lace
processing plant are
loaded by Diamond
Corp’s own fleet
]London, England --- MININGREVIEW.COM --- 06 February 2009 - Emerging JSE and AIM-listed diamond producer DiamondCorp plc has been granted a mining right for its flagship Lace underground diamond development in the Free State.

An update issued here confirmed that the project comprised the Lace kimberlites which have the potential to support a 20-year-plus underground mining operation, as well as tailings from previous mining operations which were treated throughout 2008 while access to the kimberlite pipes was being established.

Aquarius seeks possible merger

[img:Murray%20-%20Pic1_0.jpg|Stuart Murray,
Chief Executive,
Aquarius
]London, England --- MININGREVIEW.COM --- 06 February 2009 - South Africa-focused PGM miner Aquarius Platinum – which is in the process of seeking to refinance US$167 million (R1.7 billion) in debt – is involved in discussions about possible mergers.

Fin24.com reports that Aquarius – which has posted a first half-year net loss of US $70 million (R700 million) – did not identify which firms were involved in the talks.

Mwana Africa could return to profit

[img:Mwana%20-%20Pic%201_0.jpg|A Mwana Africa mining
project in Zimbabwe
]London, England --- MININGREVIEW.COM --- 05 February 2009 - Mwana Africa – a pan-African resources company with exploration and producing activities in Zimbabwe, Ghana and DRC – could return to profit in Zimbabwe if new bullion rules proposed by the country’s central bank are confirmed.

DRDGold buys more assets

[img:DRDGold%20tow_0.jpg|DRDGold’s Ergo
retreatment project
]Johannesburg, South Africa --- MININGREVIEW.COM --- 04 February 2009 - DRDGold Limited – the fourth-largest gold producer in Africa – continues to buy assets from its cash-strapped ASX-listed partner, and has now extended its involvement from Mintails' East Rand operations to the West Rand.

Mintails announced in its December quarterly report released last week that DRDGold had bought a 50% stake in the Witfontein deposition site on the West Rand for R20 million.

Mine safety audit raises concerns

[img:Power%20-%20Pic%201_3.jpg|Minerals and energy
minister Buyelwa Sonjica
]Pretoria, South Africa --- MINGREVIEW.COM --- 03 February 2009 - The long-awaited mine safety audit of South African mines has underlined a disappointing level of performance by the industry as a whole, triggering serious government reservations about the situation.

Releasing the findings of the safety audit here, minerals and energy minister Buyelwa Sonjica revealed that South African mines had scored a “concerning” 66% in a safety audit. “This should be of serious concern to all in mining,” she said. “Yes, it's an important matter. It is about the lives of people, and we are still not happy with the state of affairs.”

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