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MINEWORKERS have threatened to down tools should they receive their next salary in local currency, a development that could aggravate the crisis in the country's major foreign currency earner.
China's Ministry of Industry and Information Technology has released figures for the country's gold output in November showing that production for the year to end-November reached 246.51 tonnes - up only 2.14 percent from the figure for the first 11 months of 2008 - the year in which China's gold production exceeded that of South Africa for the first time, making it the world's top producer.
Governor Gbenga Daniel has described the practice of issuing prospecting licenses by the federal Government without recourse to states where the minerals are found as counter productive.
Fresh scandal may be in the brew after Ministry of Mines and Steel Development, dissociated itself from N113million being part of the N118.6 billion passed by the House of Representatives last December for some Ministries, Departments and Agencies (MDAs) as virement.
Ogun State Governor, Otunba Gbenga Daniel has described the practice of issuing prospecting licenses by the Federal Government without recourse to states where the minerals are found as counter productive.
Ministry of Mines and Steel Development yesterday in Abuja, said it had reclaimed five abandoned mine sites nationwide.
Consumer prices are expected to drop in the first half of 2009, but the effects of the global economic recession will continue to bite.
ANNUAL price negotiations for iron ore are set to be even tougher this year as steel makers, facing a global slowdown in demand, are looking to reverse some of the past six years of continuous price increases for their inputs.
MIRANDA Minerals Holdings' share price jumped 4% to 80c on the JSE yesterday after the company announced it had received its first mining right and would be able to start generating revenue within 18 months.
Canada-based African Queen Mines has abandoned its Braganza gold project in Mozambique to focus on priority targets in Botswana and Namibia.
Despite some problems in the financial sector last year, the government of Sierra Leone has ambitious plans for 2009.
DE BEERS subsidiary Archangel Diamond Corporation had not yet taken any action to withdraw from its agreement to buy into a project to develop the diamond-rich Grib pipe in Russia, Archangel spokeswoman Jocelyn Fraser confirmed yesterday.
BCL mine in Selebi Phikwe has announced that it will retrench 348 employees as a result of the commodity market crunch that has seen the metal prices dropping below the mine's break even point.
The future of Batswana migrant workers in South African mines hangs in the balance as the neighbouring country's mining houses advance retrenchment plans.
The Canadian-based company African Queen Mines Ltd has abandoned its involvement in the Braganza gold mine in the central Mozambican province of Manica.
The past year was a relatively eventful year. Looking ahead to 2009, there are a number of issues that will preoccupy our society and the world.
Floating foreign particles have been detected in a bottle of Gold Medal Gin believed to be distilled by NICOM Distillery located on Lynch Street in Monrovia.
LAST week, the new Minister of Mines and Steel Development, Mrs. Dezani Allison Maduekwe sounded an alarm about the increasing threat to the national economy of the downward spiral in oil price because of the unwarranted and near total dependence on the mineral for the nation's development.
TULLOW has announced successful drilling results from the Hyedua_2 appraisal well offshore Ghana. The success of this well has substantially increased the proven areal extent of the Jubilee field and is likely to lead to material upgrades of current resource estimates.
TURBULENT market conditions delivered a beating to the seven new mining companies listed on the JSE last year, with coal companies the most resilient and platinum companies hit the hardest.
PLATINUM companies' share prices surged on the JSE on Friday as the platinum price moved to its highest level in two-and-a-half months following g ood news and technical factors.
The Governor of the northern Mozambican province of Cabo Delgado, Eliseu Machava, has confirmed that the graphite mine in the district of Ancuabe, paralysed for the last ten years, will resume production in mid-2009.
LOCAL mining companies which have been battling to keep afloat due to the challenges in the economy and falling metal prices might have some relief this year as international metal prices are expected to rise in the short-term.
An electric arc smelter for one of the mining operators in western province.
ZIMPLATS is battling to secure funding for its Ngezi Phase 1 Expansion Project ahead of its completion soon.
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