Posts by Mineweb:

Implats shuts Rustenburg shaft, 2 workers trapped

Implats reported Friday that a search mission was underway at its Rustenburg operation in search of two trapped workers and had stopped work at the affected shaft. Impala Platinum, the world's second-largest producer of the precious metal, said on Friday
Mineweb | November 18, 2011 | 4:37 pm

Australia’s Gryphon advances gold discovery in Burkina Faso

Active Australian gold explorer, Gryphon, today announced significant new drilling results at its Samavogo prospect. Gryphon Minerals Ltd (ASX: GRY indicated today that the latest drilling could enhance the already-established JORC Code inferred resource
Mineweb | November 18, 2011 | 1:47 pm

Britons sell gold for cash, boost Albemarle and Bond earnings

UK-based pawnbroker says it traded well in the four months to end-October as hard-up Britons sold their gold for cash. Pawnbroker Albemarle & Bond said it had traded well in the four months to end-October as hard-up Britons pawned and sold gold jewellery
Mineweb | November 18, 2011 | 1:47 pm

Antofagasta/Barrick JV says Pakistan rejection breached rules

The Antofagasta/Barrick Gold JV says the Baluchistan province's rejection of its Reko Diq mining lease application breached local rules and Pakistani law. Tethyan Copper, a joint venture between Chile's Antofagasta and Barrick Gold, said a "summary
Mineweb | November 18, 2011 | 1:47 pm

Shanghai Gold Exchange to raise silver forward margins

If silver forward contracts hit limit up or down on settlement on Friday, the Chinese exchange said it will lift daily trade limits on silver forward contracts to 15%. The Shanghai Gold Exchange said it will raise margins on silver forwards to 18 percent
Mineweb | November 18, 2011 | 8:10 am

Western Areas starts new nickel mine ahead of schedule

Western Areas' Spotted Quoll underground mine in Australia delivered its first nickel ore on Friday, two months ahead of schedule. Western Areas, Australia's third-largest nickel producer, said on Friday a new mine had yielded its first nickel ore two
Mineweb | November 18, 2011 | 8:10 am

Minmetals extends Golden Grove’s mine life to 2019

The company plans to exploit an open pit deposit above its Golden Grove underground copper mine in Australia to extend the life of the operation by two more years. An open pit deposit will be exploited above Australia's Golden Grove underground copper
Mineweb | November 18, 2011 | 8:10 am

Stratex International Plc – Turkey Update

Stratex International plc ("Stratex‟ or "the Company‟), the AIM-quoted exploration and development company focussed on gold and base metals in Turkey and East Africa, is pleased to report additional significant gold intersections from drilling at the
Mineweb | November 18, 2011 | 2:08 am

Scrap gold, silver, platinum can comprise half an airplane’s recycling value

You're probably aware that gold demand is mostly for jewelry -- in fact, over three-fourths of it is. But unknown to many people, notes Dillon Gage Metals, is that gold, silver and platinum are also employed in aeronautics and space travel. In the last plane ride you took, the craft was most likely coated with a thin, gold film that helped control temperatures during the trip.
Mineweb | November 10, 2011 | 10:03 pm