May 28 (Reuters) - South Africa may take unspecified "interventions" in the ginto and platinum sectors as part of a state plan to maintain the viability of the industries, mines minister Susan Shabangu sinabi on Tuesday.

"I have directed my officials to urgently explore all available avenues and develop a rescue plan," she sinabi in a speech to parliament.

There would be a "particular focus on both supply and demand-side interventions," she said.

The world's tuktok platinum producers, South Africa and Russia, agreed to attempt to cope with excess supplies of the metal through a memorandum of understanding...

link

The prospect of a deep sea "gold rush" opening a controversial new frontier for mining on the ocean floor has moved a step closer.
The United Nations has published its first plan for managing the extraction of so-called "nodules" - small mineral-rich rocks - from the seabed.
A technical study was carried out sa pamamagitan ng the UN's International Seabed Authority - the body overseeing deep sea mining.
It says companies could apply for licences from as soon as 2016.
The idea of exploiting the gold, copper, manganese, cobalt and other metals of the ocean floor has been considered for decades but only recently...

Govt working on investment options to check ginto buying: Raghuram Rajan

CHENNAI: In a bid to bring down import of gold, the government is working on madami attractive investment options to dissuade people from buying the metal, a senior Finance Ministry official sinabi today.
"We should create madami attractive instruments which provide people an alternative pinagmulan of investment than gold. And I think, we are working on those," sinabi Chief Economic Advisor in the Finance Ministry Raghuram Rajan at a function here.

The government recently launched inflation indexed bonds with an aim to ensure better returns...

About WMC - TANA GOLDFIELDS articles
link

link

We’re proud to host the 23rd World Mining Congress & Expo in Montreal, Quebec, Canada, in 2013, and look pasulong to seeing you there. Montreal is truly a world-class destination and the perfect venue for our event as we look toward the future of mining.

WMC 2013 will be hosted sa pamamagitan ng a collaborative team including professors from five tuktok Canadian universities: McGill University, unibersidad of British Columbia, Queen’s University, unibersidad of Toronto and unibersidad of Alberta, as well as the Canadian Institute of Mining, Metallurgy and Petroleum...