Mining and Exploration

Base listed on the ASX in October, 2008, with a portfolio of Australian iron ore projects. Carstens and his team, recognising that these assets would not produce any company-makers, “set sail round the world looking for the right opportunity we could build the company around”. In July, 2010, Base acquired its 100 per cent interest in the Kwale minerals sands project in Kenya.

Howden Africa was established in Johannesburg in 1952, to supply fans for the mining and power generation industries, just under a century after the Scottish engineer and inventor James Howden set up the parent company in Glasgow. Howden was an innovator par excellence, but his most successful invention was a forced draught system that dramatically improved the performance of steam boilers.

The market has a lot to answer for, and so do investors in search of a quick buck. Where gold mining is concerned, it is a well-known fact that as the price on the international metal exchanges fluctuates the viability of higher cost mines comes into question. There are properties all over the world that have been put into mothballs either because all the high grade material has been taken or because they can’t any longer sustain a decent margin.

“We are delighted to be celebrating twenty years of contribution to Africa’s economy and the success of an industry,” said Jonathan Moore, Managing Director of Mining Indaba LLC. “We have the global mining community, investors and our partners in Africa to thank for this success.”

For the cool price of $83 million, well-known New York diamond cutter Isaac Wolf purchased the diamond known as the Pink Star.

Measuring 2.69 centimetres by 2.06 centimetres and set on a ring, the diamond, now renamed the Pink Dream by its new owner, was mined by De Beers in 1999, in an unspecified African country. The winning bid, which includes the cost of auctioneer Sotheby’s commission, far surpasses the $46.2m paid for the Graff Pink diamond three years ago, which was half the size of the Pink Star.

Construction of one of the world's largest uranium mines was officially inaugurated on April 18 this year, with fireworks, foot-stomping, marimbas and a fountain that danced to classical music, when a ground breaking ceremony took place at the mine site in the desert near Swakopmund in Namibia.

SEAMIC traces its origins back to the late 1970s with the establishment of the Eastern and Southern African Mineral Resources Development Centre (ESAMRDC), supported by UNDP and various bilateral support programmes from the UK and Japan. Its headquarters were established in Dodoma in central Tanzania, and in those days its remit was principally to carry out regional geological surveying and to provide consulting services for programs of its founding member states, Ethiopia, Tanzania and Mozambique.

First listed on the AIM in 1997, with a market capitalisation of £10 million, Petra Diamonds has since grown into a leading independent diamond mining group and an important supplier of rough diamonds to the international market.

Mr Teke, who is non-executive director at Optimum Coal, replaces out-going president Mark Cutifani. Other appointments announced at the Chamber’s 123rd Annual General Meeting included Khanyisile Kweyama, executive director of Anglo American South Africa, being made first vice president and Graham Briggs, CEO of Harmony Gold, being made second vice president.