Tuesday, February 20, 2018

Battle lines are drawn between AngloGold Ashanti and the liquidators of Pamodzi Gold, with fresh allegations surfacing that promise to make this a drawn out and messy affair.

Gold may rise as high as $1 400 an ounce in 2010 as investors buy the metal as both a safe store of value and a haven from risk amid rising fears over sovereign debt, Investec says.

The news from South Africa's gold sector remains grim. Gold output has fallen again in the first quarter of the year as an inexorable slide in production continues.

UPDATED - Aurora's gold ambitions receive a body blow as AngloGold Ashanti terminates services to the Orkney mine because of unpaid debt.

Village Main Reef Gold Mining says it intends to raise between R150m and R200m to fund future acquisition opportunities.