GOLD Fields Ltd and Finland’s Outokumpu Oyj said they had discovered a 2.9 million ounce platinum group element (PGE) resource at their Arctic Platinum Partnership in northern Finland. ”Preliminary analysis suggests…the resource may be extractable by open pit mining methods,” the companies said. Gold Fields spokesman Willie Jacobz said the prospects for a mine appeared […]
IMPALA Platinum Holdings Ltd (Implats), the world’s second-largest platinum producer, has reached a deal with the National Union of Mineworkers (NUM) to raise wages and improve employment conditions at its Rustenburg operations. ”The parties have agreed to an increase of 9% on the basic rate of remuneration, effective from July 1, 2000, until the end […]
SUSPECTED Unita rebels have killed a man in a remote village in northern Namibia after helping themselves to food from his kitchen. ”Suspected Unita bandits shot dead a 66-year old Namibian man, Gabriel Nzowo, in the early hours of yesterday morning,” The independent Namibian newspaper reported. The Namibian Press Agency said 13 people attacked the […]
THE price of OPEC’s basket of seven crudes rose further to a year high of $31.37. That left the price above the group’s target $22-$28 price band for the twelfth consecutive working day. Under an informal mechanism agreed between OPEC producers in June, if the basket stays above the $22-$28 band for 20 working days […]
ACOUSTICAL spy tapes made by an American submarine in the Barents Sea support the theory that a faulty torpedo apparently exploded and sank the Russian submarine Kursk, US officials said. The officials confirmed a New York Times report that sonar tapes and other recordings that captured sounds of two explosions believed to have sunk the […]
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POLICE are expected to oppose bail when a man who allegedly had sex with his sister for 16 years, Jan Robert Fedder, 40, appears in the Delmas Magistrate’s Court. Fedder is charged with incest and has been in custody since he, his sister Heibrecht, 32, and their parents were arrested in Delmas on July 26. […]
REUTERS, Pretoria | Tuesday THE South African Reserve Bank (SARB) could well establish a financial stability unit to boost confidence and transparency in the country’s financial system. “The purpose of the proposed financial stability unit could be said to be to support the financial stability mission of the SARB and…monitoring the overall stability of the […]
THE Ghanaian government has ordered half a million female condoms to help combat the spread of the HI virus. The contraceptive, which can be used by either women or men practicing homosexual sex, was first trialed in the country as part of a pilot project run by the United Nations Population Fund and the Ghana […]
REUTERS, Johannesburg | Tuesday ANGLO American Platinum Corp (Amplats) has sold a stake of roughly 17.5% in miner Northam to empowerment firm Mvelaphanda Platinum. “Together with the acquisition from Rembrandt Group of a 5% shareholding in Northam, Mvela will hold approximately 22.5% which is roughly equal to Amplats remaining holding,” the platinum miner said. Amplats […]