Monday, February 19, 2018

Gold miner Harmony will terminate the listing of its American Depository Receipts on the Nasdaq bourse.

The National Union of Mineworkers says seven mineworkers had been injured at Gold Fields' Driefontein mine outside Carletonville.

New South African gold mining and exploration company Galaxy Gold has proved that it is progressing with its plans to list on the JSE by the third quarter of this year.

Central Rand Gold shares dived to new lows on the JSE and LSE, after the troubled junior announced a huge share offer and placement at a deep discount.

A bid from a South African group backed by a Chinese consortium is preparing a bid for two gold mines managed by Aurora Empowerment Systems on behalf of the liquidators of the operations.

Hit by market volatility, Bauba Platinum has dropped its minimum funding target significantly and extended the closing deadline to raise the money.

JCI, the company pursued for billions of rands by sister company Randgold & Exploration, is running short of cash, but it is looking at a variety of options to raise money. It is looking at a possible resumption of its JSE listing by year-end.

Junior gold producer Simmer & Jack Mines says it is investigating alternative solutions to the proposed rights offer.

Randgold & Exploration, which was plundered for billions of rands by Brett Kebble, finally resumes trading on the JSE. New CEO Marais Steyn is keen to revive Randgold's fortunes in resources.

Irate workers maintaining the mothballed Grootvlei gold mine threaten to let it flood unless Aurora pays overdue wages of R30m immediately. The company says it will pay workers on Friday.