Sunday, April 22, 2018

The Constitutional Court will hear the case of a former miner claims working underground AngloGold Ashanti's mines caused severe damages to his health.

Pan African Resources said it hoped to produce gold from its Mozambican projects by 2012 following completion of a feasibility study.

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.

Miners at the Aurora Empowerment Systems are concerned about their safety after allegedly being attacked by a group of trigger happy security guards.

Aurora Empowerment Systems claims illegal mining has cost the company at least R80m worth of damages at its East Rand operations. Four illegal miners perished at its Grootvlei mine.

Great Basin Gold reported a narrowing in year-on-year losses for the June quarter and said its flagship South African mine, Burnstone, would reach commercial production in September.

Gold producer Simmer & Jack Mines has advised that it has settled R100m owing to Rand Merchant Bank as part of the R220m bridge loan.

Gold Fields has been awarded a new order mining right for South Deep but the terms of the related black economic empowerment deals show it has had to pay a high price for this.

Gold Fields CEO Nick Holland says the three latest BEE transactions approved by government form a "package deal" with the previous Mvelaphanda Resources transaction.

Randgold Resources CEO Mark Bristow reckons the group's gold production will remain with 5% of his original forecast for 2010 despite the problems at the Loulo mine in Mali.