Search Results

China Became the World’s Largest Supplier of Gold, Surpassing South Africa


The China Mining Report provides industry professionals and strategists, corporate analysts, mining associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on China’s mining industry

Eskom Holdings Meets Coal Producers in Cape Town To Discuss Coal Mine Prices


Eskom Holdings Ltd., South Africa’s state power utility, is meeting coal producers in Cape Town today to discuss prices and establish a group to improve co- operation after low stocks of the fuel contributed to a national power shortage last year.

Hugo Chavez, Venezuelan President, cut off oil sales to the U.S.


Venezuelan President Hugo Chavez threatened Sunday to cut off oil sales to the U.S. as retaliation for court orders freezing assets belonging to Venezuela’s state oil company. Exxon Mobil Corp. has gone after Petroleos de Venezuela SA in U.S., British and Dutch courts, challenging the nationalization by Chavez’s government of a multibillion dollar oil project. [...]

JSE ends higher on Kumba


The JSE ended higher paced by Kumba Iron Ore (KIO) after a brokerage house upgraded its target price while positive momentum continued on overseas markets.
The all share index closed 0.56% higher. Resources added 1.09%, the platinum mining index climbed 2.03% but the gold mining index was flat (+0.05%). Industrials and financials both firmed 0.19% while [...]

Newmont Outlines Challenges


ewmont Ghana Gold Limited, a subsidiary of Newmont Mining Corporation, says its biggest challenge apart from the current power crisis is how to manage community expectations of employment.
Speaking during a visit to the Ghana News Agency to acquaint himself with operations, Dr Chris Anderson, Director of External Affairs in Africa and Europe, said that while [...]

Africa’s new colonialists?


When China signed trade deals worth $1.9bn with African countries last November, without any conditions on reforms and human rights, a German development official warned Africans they risked becoming Chinese subjects.
“Our African partners really have to watch out that they will not be facing a new process of colonisation,” Karin Kortmann, Parliamentary State Secretary at [...]

Cuban Oil and Ethanol Could Prosper in Havana’s Hunt for Energy Supplies


• The pace is now quickening for the Cuban oil industry, whose previous dependence on Moscow for its supplies and operations ended with the demise of the Soviet Union
• Havana is on track for securing energy independence through relationships with foreign investors, including China and Venezuela, among others
• Venezuela proudly flaunts its involvement in the [...]

Energy Crisis Impacts Ghana’s Mining Industry


In Ghana, mining companies are being forced to cut energy use by 50 percent to help the country through its worst energy crisis in nine years. The country’s bulk electricity supplier, the Volta River Authority, says the cuts in the mining industry are needed as part of a nationwide power-rationing program. The cuts are expected [...]

Black gold dreaming


When Chad became an oil producer its needy people anticipated benefiting from the incredibly profitable industry. Instead, the World Bank has frozen the country’s wealth in London bank accounts. Edmund Sanders reports.
When Chad became an oil producer its needy people anticipated benefiting from the incredibly profitable industry. Instead, the World Bank has frozen the country’s [...]