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• Zimbabwe: U.S.$16 Million Equipment Boost for Struggling Hwange Colliery Company

  Created: 2010-01-30 07:39:34 Author: Nkululeko Sibanda - Zimbabwe Standard

  Bulawayo — Hwange Colliery Company, the country's sole coal producer will next month receive the first consignment of equipment worth more than US$16 million, which is expected to boost production. Sources at the colliery said the remainder of the eq...

• Zimbabwe: Diamond Rush Grips Chipinge

  Created: 2010-01-30 07:29:09 Author: The Herald

  Harare — A new diamond rush has hit Chipinge, Chimanimani and unsecured parts of Chiadzwa with illegal panners and foreign dealers once again descending on Manicaland Province.

  Most of the diamonds are also believed to be finding their way to ...

• Tanzania: Expert - China Hungry for African Resources

  Created: 2010-01-30 07:17:41 Author: Samuel Kamndaya - The Citizen (Dar es Salaam)

  Researchers have to prove claims that Chinese investments in Africa are driven by the Asian country's hunger for raw materials and energy, a senior Chinese conservationist said yesterday.

  Speaking at a policy forum breakfast meeting in Dar es Sa...

• South Africa: Eskom Coal Stockpile Now Stands at 36 Days

  Created: 2010-01-29 15:06:05 Author: Business Day - Linda Ensor

  Cape Town — Eskom had built up its coal stockpile to an average of 36 days and planned to achieve its 42-day target before the Soccer World Cup and the onset of winter, the utility's head of power generation, Brian Dames, said yesterday.

  A sho...

• South Africa: Aquarius Lifted by Recovery in Price of Platinum

  Created: 2010-01-29 14:58:19 Author: Bheki Mpofu - Business Day

  Johannesburg — PRODUCTION at platinum miner Aquarius improved 16% in the second quarter to December, boosted by a recovery in prices as well as improved performance across most of its operations.

  The company reported yesterday that attributabl...

• South Africa: Lonmin Sticks to Forecast Despite Lower Output

  Created: 2010-01-29 14:54:35 Author: Bheki Mpofu - Business Day

  Johannesburg — LONMIN said yesterday sales of platinum fell 13,6% in its first quarter to December because of lower production of the metal, but the company maintained its full-year forecast.

  Sales from Lonmin, the world's third-largest platin...

• Botswana: Calls Grow for Alternative Diamond Marketing

  Created: 2010-01-29 14:46:25 Author: Mbongeni Mguni - Mmegi/The Reporter

  The prevailing depressed prices diamonds are fetching, is aiding calls for government to spearhead the establishment of diamond auctions and tenders - a move that would break the Diamond Trading Company Botswana's grip on the industry.

  Currently...

• Botswana: First Diamond Sight Successful - DTCB

  Created: 2010-01-29 14:42:44 Author: Brian Benza - Mmegi/The Reporter

  The Diamond Trading Company of Botswana (DTCB) says its first sight of the year was highly successful as the diamond markets continue to recover along with the global economy.

  Speaking to BusinessWeek, DTCB Communications and Public Affairs Mana...

• Zambia: KCM Increases Copper Output

  Created: 2010-01-29 07:32:33 Author: The Times of Zambia

  KONKOLA Copper Mines (KCM) PLC has produced 41,958 tonnes of finished copper in the third quarter of the 2009/2010.

  The figure includes 13,641 tonnes from purchased concentrates and is significantly higher than the 25,472 tonnes produced in the ...

• South Africa: What Does 2010 hold for the Mining Sector?

  Created: 2010-01-29 07:02:03 Author: TradeInvest Africa (Cape Town)

  The economic tide appears to be turning and just over a month ago TradeInvestSA looked at how the South African economy was beginning to mend. One industry that is crucial to monitor during this period is the mining sector.

  In our ...

• Zimbabwe: Diamonds Are Not Forever

  Created: 2010-01-28 14:36:50 Author: Zimbabwe Independent

  NATURE has been kind in bestowing on Zimbabwe the diamond deposits at Marange, which by all accounts is one of the richest global discoveries of recent times. It's of a scale that has the potential to transform the fortunes of this country -- to fund h...

• Botswana: Nuclear Support Plan Discussed

  Created: 2010-01-28 14:31:06 Author: Ephraim Keoreng - Mmegi/The Reporter

  For the past two years Botswana has experienced a few radioactive incidents. Speaking at an event held to discuss Botswana's nuclear security support plan Radiation Protection Inspectorate director Stephen Williams said in 2008 his department attended ...

• South Africa: Country Can No Longer Ignore the Costs of Coal

  Created: 2010-01-28 14:24:29 Author: Saliem Fakir - Business Day

  Johannesburg — THOSE who believe the climate change movement is based on false science may be happy that last month's Copenhagen climate summit did not deliver an ambitious and binding deal. Those who work on this premise assume there is nothing to b...

• South Africa: Harmony an Outsider in the Value Stakes

  Created: 2010-01-28 14:19:09 Author: Ben Temkin - Business Day

  Johannesburg — THE stock market is distinctly bearish. Even had the Reserve Bank decided to reduce the repo rate, I doubt an interest rate fall would have helped to change bearish sentiment. The fact is that the market has overheated. The more than 3...

• Zimbabwe: Move Fast on Chiadzwa

  Created: 2010-01-28 13:35:32 Author: SARWATCH

  Harare — ZIMBABWE needs to quickly sort out the legal tangles of the Chiadzwa diamond fields, work out a fair and efficient way of mining these diamonds and then fulfil all the requirements of the Kimberley Process for selling diamonds.

  The di...

• Botswana: African Copper Moves to Ramp Production At Mowana

  Created: 2010-01-27 13:38:15 Author: Brian Benza - Mmegi/The Reporter

  Botswana Stock Exchange (BSE)-listed African Copper has moved to implement a number of strategies that will increase production at its flagship Mowana mine, near Francistown.

  In a statement, African Copper said that it will install a mobile crus...

• South Africa: UN Agency Hails Mining Giant for Committing to Generate Jobs

  Created: 2010-01-27 13:32:48 Author: UN News Service

  Anglo American, one of the world's largest mining companies, today unveiled a new project to create more jobs, support entrepreneurship and boost local economies in South Africa, a move welcomed by the United Nations Development Programme (UNDP).

  <...

• South Africa: Coal Diversifies Project Portfolio As It Finalises Purchase of Nucoal

  Created: 2010-01-27 13:30:26 Author: Bheki Mpofu - Business Day

  Johannesburg — COAL of Africa (CoAL) confirmed yesterday that it had finalised the R467m acquisition of junior miner NuCoal Mining, after fulfilling the suspensive conditions to the share sale agreement signed in October.

  MD Simon Farrell said...

• South Africa: Harmony Gold Fears a R3 Billion Eskom Power Bill

  Created: 2010-01-27 13:28:45 Author: Bheki Mpofu - Business Day

  Johannesburg — HARMONY Gold's electricity bill could swell to more than R3bn in three years if utility Eskom had its way on the tariff hikes of 35% a year for three years it has requested to fund capital projects, CEO Graham Briggs said yesterday.

• Zambia: Opinion - Local Mine Workers Paid Less than Foreign Counterparts

  Created: 2010-01-27 13:26:41 Author: Times of Zambia

  ROAN Member of Parliament, Chishimba Kambwili's assertion that the Zambian miners are paid far less than their counterparts in other countries is pure conjectural hypothesis, which cannot go unchallenged.

  The honourable parliamentarian has conti...