Ambrian Capital, the independent investment banking group, has launched Golden Prospect Precious Metals (GPPM), a Guernsey registered (UK), closed-ended investment fund dedicated to equity investments in the precious metals sector. The fund commenced trading on the Alternative Investment Market of the London Stock Exchange on November 28.
GPPM, the first dedicated precious metals fund to be […]

Three companies have been commended for their efforts in sustainable development and environmental protection. The materials technology group Umicore was awarded the Belgian Prize for the Best Sustainable Development Report for the year 2005. Michelago and Golden China Resources have been awarded the Mining Environmental Protection Award together at the inaugural China Mining 2006 awards […]

As the international mining industry gets more involved in projects in Russia, a working group has been set up by the Pan-European Reserves & Resources Reporting Committee (PERC) - the European counterpart to JORC in Australasia (www.percreserves.com) on behalf of the Committee for Mineral Reserves International Reporting Standards (CRIRSCO - see www.crirsco.com). This working group, […]

The South African subsidiary of German multinational company DYWIDAG-Systems International (DSI), celebrated its fourth anniversary in September with the production of its 12-millionth roofbolt at its Elandsfontein operation. DSI South Africa manufactures strata support products for the coal, gold, platinum and diamond-mining industries.
The milestone was recently commemorated with the presentation of a bronzed and mounted […]

Diversified mining and metals group Kumba Resources today re-listed on the JSE as Exxaro Resources, a result of the landmark empowerment transaction involving Kumba, Anglo American, the Industrial Development Corp and Eyesizwe Mining. Exxaro is South Africa’s flagship empowerment mining company and as South Africa’s largest black-controlled, diversified resources company, is well positioned to grow […]

The platinum market has moved closer to balance with a predicted deficit of only 20,000 oz in 2006. According to Johnson Matthey, global demand for platinum in 2006 is expected to grow by 5% to a record 7.02 Moz, driven by increasing use in catalysts by the auto industry. Supplies of the metal have increased […]