Sibanye may shut Cooke 4 as losses put complex at risk
SIBANYE Gold has raised the prospect of closing its Cooke 4 mine and Ezulwini gold and uranium processing plant, west of Johannesburg, which was...
Bauba forced to lower funding target
Hit by market volatility, Bauba Platinum has dropped its minimum funding target significantly and extended the closing deadline to raise the money.
Russia’s Wagner Group strengthens influence over West Africa’s Burkina Faso
FRANCE is to withdraw its military support from West Africa's Burkina Faso within a month, according to a report by Bloomberg News at the...
Bristow resists M&A saying Newmont deal “puzzling” and Gold Fields’ tilt...
BARRICK Gold CEO Mark Bristow says he wants to grow his group but he is targetting sustainably profitable growth and his priority is to...
Slippage in Gruyere takes project cost to A$621m for Gold Fields
GOLD Fields today reported a 10% slippage in the capital cost estimate for its Gruyere gold mine, held in joint venture with Gold Road...
Anglo Q3 copper dips, 2011 seen higher
Anglo American has posted a 9% drop in third-quarter copper output, blaming lower grades and blizzards in Chile.
Venkat quits AngloGold Ashanti to become CEO of Vedanta
AngloGold Ashanti CEO Srinivasan “Venkat” Venkatakrishnan has resigned and will leave the group at the end of August to become CEO of diversified...
Perseus plays it cautiously despite solid March Q, drawing down $100m
PERSEUS Mining generated strong cash in the third (March) quarter of its financial year, but it took the precaution of drawing down on available...
Costs catching up with gold miners’ near record margins
AT this time of near-record gold prices, it’s worth asking whether JSE-listed miners of the metal have ever had it so good.
Three companies were...
AngloGold takes medicine at Obuasi
The $220m cost of a radical re-think of AngloGold's Ghana mine Obuasi weighed on the group's results as it continues its response to the weaker gold price.