Posts Tagged ‘south’

mine ‒ four purchase offers received Johannesburg, South Africa --- MININGREVIEW.COM --- 31 October 2011 - In line with sharply rising profit margins triggered by the soaring rand gold price, DRDGold ‒ South Africa’s fourth largest gold producer ‒ reports... Full story

Mining Weekly reports De Beers is going all out to create 5,000 non-mining jobs in Namaqualand over the next five years as it exits a region on the South African west coast where it has mined for the past 90 years. Projects include a wind farm, abalone culturing for export to China where it is a highly prized delicacy, a prison warden training facility and ... Full story

It is vital for the South African government to step up and take a bigger stake in the mining industry, a top economic advisor told those attending a Mining for Change conference in Johannesburg on Friday. The comments come one week ahead of so-called Economic Freedom Youth Mass Action marches on the Chamber of Mines and stock exchange organized by Julius Malema (pictured), populist leader ... Full story

BHP Billiton has approved USD 1.2 billion in pre-commitment capital for the first phase of the Olympic Dam Project to develop an open pit mine in South Australia. The funding will facilitate the procurement of long lead items such as trucks and... Full story

News reports from Australia say BHP Billiton may face delays in getting approvals for its $30 billion Olympic Dam expansion, as Greens and other minor parties holding the balance of power in the South Australian Parliament push for an inquiry into the project. Full story

A mining contractor at Aquarius Platinum's Everest Mine is on strike. The strike has been called by the Association of Mining and Construction Unions, which is demanding full organizational rights under the South African Labour Relations Act. The contractors on strike are employees of Murray & Roberts Cementation Full story

Rosebel Goldmines (RGM) has achieved a record production in Brokopondo of nearly 400,000 troy ounces (12,440 kilos) of gold. RGM’s parent company IamGold announces this in its annual report for 2010 Full story

Guyana Goldfields (TSE:GUY) got a nice bump today after the company announced an agreeement with the Guyana government for developing its Aurora gold project. The stock was up around 8.5% on nearly-double average volumes mid-day on the Toronto exchange. Full story

ROUYN-NORANDA, CANADA--(Marketwire - Oct. 4, 2011) -   Explor Resources Inc.   (TSX VENTURE:EXS) (PINK SHEETS:EXSFF) (FRANKFURT:E1H)  is pleased to announce the beginning of a  30,000 meter drilling program on the Timmins Porcupine West Property . Full story

- JOHANNESBURG, SOUTH AFRICA-- - www.stockcall.com/ offers investors comprehensive research on the Gold industry and has completed analytical research on Kinross Gold Corporation and Yamana Gold Inc. . Full story