The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
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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.
  • Summer doldrums could see lower lows for gold as upside headwinds mount
    Gold bug Mickey Fulp does not expect the gold price to break out this year, bar any substantial geopolitical event that upsets the state of the global economy. During a recent mining conference held in Vancouver, the ‘Mercenary Geologist’ told Mining Weekly Online that he expects gold to test new lows over the coming summer months, which has traditionally been a soft market for the precious metal.
  • D1 Mint buys 1 500 investment-grade diamonds for new diamond-backed crypto coin
    The emergence of blockchain technology is helping to turn diamonds into a new investment asset class that in turn, could drive future demand for natural diamonds, the creator of a new diamond backed crypto coin said on Friday. Singapore-based D1 Mint Limited, the creator of the diamond-backed D1 Coin, announced on Friday that it has signed a purchase order with diamond cutting and polishing company KGK Diamonds to start its diamond reserve with 1 500 investment-grade diamonds delivered by Russian diamond producer Alrosa.
  • Endeavour discovers new mineralised zones at Houndé
    TSX-listed Endeavour Mining has discovered two new large mineralised zones – Kari Centre and Kari West – at its Houndé mine, in Burkina Faso. Following the Kari Pump discovery in December last year, exploration efforts were prioritised on the wider Kari area, which hosts a large gold-in-soil geochemical anomaly covering a 6-km-long by 2.5-km-wide area.