Miningmx: Headline News
Miningmx RSS Feed: Headline News

• Moto CEO quits as gold mine study ends
  Moto Goldmine's CEO Klaus Eckhof quits the company as it releases its bankable study into a gold project in the Congo. Clouds still hang over the $483m project though.
• Harmony looks at 1moz in future projects
  Harmony Gold, which already plans to add 1.4 million oz of low-cost gold to output from 2011, could bring in another million oz from a suite of further out projects.
• Reshaping resources
  Few executives of resources companies will be able to relax much during these year-end holidays as the major groups start circling, looking for acquisitions, writes Michael Coulson.
• Braemore earns into Pan Palladium project
  Braemore's independent platinum smelter and refinery plans take shape as it agrees to an earn into a platinum producing prospect and potentially acquire 44% of Australia's Pan Palladium.
• Pamodzi could add 238,000 oz gold to output
  Pamodzi could add 238,000 oz gold to its production if a dump swap with Australia's Mintails goes ahead.
• Harmony's Swanepoel lost the plot
  Harmony Gold's annual report shows that former CEO Bernard Swanepoel had lost the plot, writes Michael Coulson.
• SA govt, partners in $10bn methane project
  South Africa's state-owned Central Energy Fund links up with Sandhaven's subsidiary NT Energy plc and Bataung Strategic Investments in a $10bn coal-bed methane project.
• Eland legacy behind R1bn Keaton
  The coal exploration firm is carrying a pretty high value partly on the credentials of its founders who made pots of money in Eland Platinum.
• CIC launches coal-to-liquid feasibility study
  CIC Energy changes CEOs and launches a feasibility study into making gas and liquid fuel from its massive coal deposits in Botswana.
• R&E offering 70% in OTC trade
  That's according to a trader who reckons there are people willing to sell Randgold & Exploration shares at levels far below the value estimated in two recent circulars issued by the firm.
• Aflease plots 500,000 oz gold strategy
  Aflease Gold explores a third shallow project in South Africa, which could double its production to 500,000 oz/year.
• BHP considering next move on Rio
  Marius Kloppers, CEO of BHP Billiton, said the group was considering its next move regarding a proposed takeover of Rio Tinto.
• Samancor adds resources in BEE deal
  And a second deal is underway to meet the government's 2009 black ownership target.
• Gold at $900/oz in 2008
  Dollar weakness and a US economy battling to ward off a recession will drive the gold price to record highs of $900/oz.
• S&Ps tips metal prices to keep going
  Standard & Poor's, the credit rating agency, said metals prices would continue to be strong during 2008 placing extra pressure on mining firms to find replacement resources.