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At the beginning of a brand new year, one automatically reflects on the past year, and contemplates what 2009 will bring. I am sure you will agree that 2008 was a very eventful year for our industry, which started with the South African power crisis in January, and ended with the global financial crisis that resulted in an economic slowdown, currency volatility, a sharp pull-back in commodity prices and rising unemployment. Economists predict that 2009 will be a tough year, that we need to tighten our belts, and that we will have our fair share of challenges. Fortunately the majority of economists remain optimistic about the resilience of our economy, and some even predict that by the end of 2009 the South African economy might be stronger than is considered possible at present.

My wishes for us who work in the mining and metallurgical industry for 2009 is therefore that we will seize the opportunities and challenges that lie ahead, that we will persevere, strive towards excellence, capitalize on positive news and celebrate our achievements, notwithstanding the hardships. And on a more personal note: my wishes for you for 2009 are that you and your loved ones will enjoy good health, that you will find inspiration, meaning and happiness in your lives, and that you will savour the good times! May 2009 pleasantly surprise us! A.M. Garbers-Craig President

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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • Way paved for PTM's disposal of platinum mine to Royal Bafokeng
    TSX-listed Platinum Group Metals (PTM) on Thursday announced that the due diligence and the execution of binding legal agreements to sell Maseve Investment to Royal Bafokeng Platinum (RBPlat) had been concluded. The $74-million deal will see RBPlat pay Maseve an initial $58-million in cash to acquire the concentrator plant and certain surface assets of the Maseve mine.
  • Rainbow Rare Earths output on track, discovers new prospects
    LSE-listed Rainbow Rare Earths is on schedule for first production and sales of rare-earth concentrate from its Gakara rare-earth project, in Burundi, in the fourth quarter of this year. The first shipment is scheduled for the end of this year under a distribution and offtake agreement with multinational thyssenkrupp Raw Materials.
  • South32 bullish on aluminium, manganese, energy coal prospects
    With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal, zinc, lead and alumina all rose during the year, says South32 CEO Graham Kerr.