Lonmin to suspend mining at Marikana

[img:New%20Lonmin_0.jpg|Marikana platinum
mine – to suspend
operations by
year-end
]Johannesburg, South Africa --- MININGREVIEW.COM --- 19 November 2008 - Lonmin plc – the world’s third- largest platinum producer – is to close mines, halt expansion and cut jobs in South Africa in the wake of the plunge in platinum prices and the international credit crisis.

BRC DiamondCore seeks new partners

[img:BRC-DiamondCore_0.jpg|The plant at BRC’s
Paardeberg East
operation in the
Northern Cape
]Johannesburg, South Africa --- MININGREVIEW.COM --- 19 November 2008 - BRC DiamondCore Limited (BRC)  – a growth-focused African diamond explorer, created through the merger of BRC Diamond Corporation of Toronto and DiamondCore Resources of Johannesburg – has dropped its plans to raise Can$3 million (almost R21 million) through a private share placing, and is instead focusing on finding new partners to help fund its operations in South Africa and the Democratic Republic of Congo (DRC).

Gem Diamonds forecasts lower 2008 results

[img:Gem%20-%20Pic%201_0.jpg|The satellite pit at
Gem’s Letseng diamond
mine in Lesotho
]London, England --- MININGREVIEW.COM --- 18 November 2008 - Gem Diamonds Limited – a global diamond producer with African operations in Lesotho, Botswana, Angola, the Democratic Republic of Congo and the Central African Republic – says the company’s performance for 2008 will be significantly below its expectations in August, and could result in a loss for the full year of 2008.

Lower mining output slows Botswana economic growth

[img:Botswana%20%28New%29%20-%20Pic%201_0.Jpg|The new plant at Orapa
– one of Botswana’s
top diamond mining
operations
]Gaborone, Botswana --- MININGREVIEW.COM --- 18 November 2008  - Botswana's economic growth slowed from 5.5% in the 2006/07 financial year to 3.3% in 2007/08, largely due to lower mining output.

Reuters reports that, in revealing this in a statement to parliament, finance minister Baledzi Gaolathe said that commodity prices had reduced demand for imports in industrialised countries, and that less direct investment would continue to weigh on growth.

R3.6 billion Lebowa projects to be reviewed

[img:Anooraq%20land_0.jpg|Middelpunt Hill –
where Anooraq’s new
UG2 decline shaft
system is planned
]Johannesburg, South Africa --- MININGREVIEW.COM --- 17 November 2008 - Anooraq Resources Corporation – a Canadian-incorporated BEE company focused on platinum group metals (PGM) on the Bushveld Complex – has agreed to review its Lebowa projects with its partner, Anglo Platinum.

Lumwana starts pre-production testing

[img:Lumwana%20workers_0.jpg|At work on the
conveyor system
at Lumwana
]Lusaka, Zambia --- MININGREVIEW.COM --- 17 November 2008 - Zambia's Lumwana copper mine – one of the world's largest undeveloped copper deposits, and ranked by many as Africa’s biggest emerging copper mine – has commenced pre-production tests, and is stockpiling crushed copper ore in preparation for commissioning and final copper production later this month.

A reasonable quarter for Simmers

[img:Simmers%20bridge_0.jpg|Ore moves along
a conveyor belt
at Simmers’
Frankfort mine
]Johannesburg, South Africa --- MININGREVIEW.COM --- 14 November 2008 - Simmer & Jack Mines, Limited (Simmers) – an emerging South African resources company with significant gold and uranium assets – reported a R14 million profit from mining activities in the quarter to 30 September 2008 – a 207% improvement on the operating loss of R13 million in the previous quarter.  

SA mining production down, but mineral sales rise

[img:Gold2_0.jpg|A typical South
African mine
]Johannesburg, South Africa --- MININGREVIEW.COM --- 14 November 2008 - Total mining production for the third quarter of 2008 in South Africa – the world’s biggest precious metals producer –decreased by 3.5% from the previous three months, and by 7.1% compared to the corresponding quarter of 2007.
 
Releasing latest production figures here, Statistics South Africa revealed that the four biggest contributors to the 3,5% decrease were PGMs (-1,9 percentage points), gold (-1,0 percentage point), diamonds (-0,8 of a percentage point) and coal (-0,5 of a percentage point).

IFM prepares to meet the economic challenge

[img:IFM%20crome_0.jpg|IFM’s Lesedi chrome
operation
]Johannesburg, South Africa --- MININGREVIEW.COM --- 14 November 2008 - Integrated ferrochrome producer International Ferro Metals Limited (IFM) – listed on the London Stock Exchange – has announced bold steps it believes it must take to meet and beat the emerging economic challenges it faces.

In its production report for the three months ended 30 September 2008, the company said it would reduce ferrochrome production by up to 40% from 1 December 2008, and would defer its capital expenditure projects. It also intended to cut costs at both operational and overhead levels. It explained that the deterioration in stainless steel and ferrochrome demand since 30 September 2008 had led to these decisions.

Zimbabwe faces mining sector collapse

[img:Gold%20bars_0.jpg|Production of gold
like this is almost
at a standstill
in Zimbabwe
]Harare, Zimbabwe --- MININGREVIEW.COM --- 14 November 2008 - The troubled mining sector in Zimbabwe is facing possible collapse, as gold mines start to dispose of equipment to meet operational costs and monthly wage bills which they cannot pay because of non-payment of over US$30 million R300 million) owed to the mines by the country’s Reserve Bank.

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