Sibanye’s Froneman not tempted by Lonmin
Neal Froneman, CEO of Sibanye Gold, said buying Lonmin would be similar in opting for Harmony Gold as both would command premiums and both carry debt.
Petra’s Dippenaar plays down Tanzania risk despite $14m VAT backlog
THE $800,000 Petra Diamonds had received in VAT refunds from the Tanzanian government was the tip of the iceberg as $14m was still outstanding,...
AngloGold to keep hedge options open
AngloGold Ashanti's Mark Cutifani says the group will keep an open mind on removing the remainder of its hedge book, now less than a year's production.
Rainbow Rare Earths raises £7.52m to fund Phalaborwa to 2024
RAINBOW Rare Earths said it had raised £7.52m through the issue of shares to "strategic shareholders" that will fund it through to the first...
Australia’s Fortescue Metals confirms bid for Guinea iron ore deposit, Simandou
FORTESCUE Metals Group confirmed it had bid to develop two blocks of Simandou, the giant iron ore deposit located in Guinea, said Reuters.
"Consistent with...
China bans creation of new gold exchanges
China will stop new gold exchanges being set up in a bid to harden regulation and promote healthier development of the Chinese bullion market, says the central bank.
CoAL shares jump on Vele deal
Coal of Africa has taken another step to secure its tenure over the Vele project by agreeing to measures aimed at offsetting its activities in the environmentally sensitive area.
Sibanye unveils 46% leap in gold reserves
Sibanye Gold bucks the trend announcing economically viable gold reserves of about 19 million ounces even as other gold producers suffer asset write-downs.
Sibanye-Stillwater unveils $500m bond to finance expansion
SIBANYE-Stillwater is to issue $500m in convertible bonds which it will use to finance the recently announced $155m acquisition of recycling operations in the...
DRDGOLD “in favourable position” to declare year-end dividend after cash increases
DRDGOLD said it remained "in a favourable position" to declare a year-end dividend in August following third (March) quarter production numbers in which it...