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Copper prices to hit ‘rock bottom’ in next two years

Global copper markets will be oversupplied for at least two years, executives at some of the world’s major producers of the metal and traders said recently, casting doubt on the chances of a prolonged rally in prices. That tempered assessment of the market at an industry conference in Shanghai came …

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South Africa falls behind in new mine development

South Africa’s historically successful mining industry has crowded out the search and discovery of potential new mines, leaving in its wake a lack of sufficient exploration investment to seek out new orebodies. South Africa is not investing in its geological potential as much as it should be and risks falling …

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Namibian Diamond exploration vessel to embark on two-weak sea trail

Namibia diamond exploration and sampling mining vessel, the SS Nujoma, will leave the Port of Cape Town on Tuesday, embarking on a two-week period of sea trials. The mining vessel has been in the Port of Cape Town since arriving from Norway in August, where it was being outfitted with …

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