Showing posts with label Indaba African mining conference. Show all posts
Showing posts with label Indaba African mining conference. Show all posts

Tuesday, February 6, 2007

Barrick on track to hit targets

Barrick Gold Corp, the world's biggest gold miner, said on Tuesday it was on track to meet its copper and gold production forecasts for 2006 as well as targeted cost savings from its takeover of Placer Dome.

In a presentation to the Indaba African mining conference in Cape Town, Warwick Morley-Jepson, Barrick's general manager for Africa, said the Canadian miner would hit the targets when it reported its annual results for 2006 later this month.

Read more at FIN24.co.za

Rio Tinto says expanding exploration in Africa

Global miner Rio Tinto said on Tuesday it was expanding its operations in Africa because of new opportunities in a number of countries, including Madagascar.

"We are clearly expanding our African exposure to access fertile ground," Eric Finlayson, Rio's head of exploration, told the Indaba African mining conference in Cape Town.

Read full article at Reuters South Africa