SA to slide down gold producer rankings
South Africa was expected to slide down the rankings of the world's top gold producers as other countries boost production, GFMS has said.
Great Basin Gold pins hopes on Hollister deal
Great Basin Gold put some much needed esprit into its share price saying plans to sell down assets would be accelerated as it sought to save the company.
PIC buys 8% stake in Northam as Afripalm exits
UPDATED: Lazarus Zim's Afripalm Resources has quit its stake in Northam Platinum,
which sees the platinum producer's BEE shareholding fall to 12%.
Govt seeks to abate investor concerns
The Government says it is looking to reassure investors and telling them they don't need to be concerned over further unrest in the wake of the massacre at Lonmin's Marikana mine.
Genorah to exit Nkwe over debt
UPDATED: Nkwe Platinum looks set for a change-of-control transaction as its cash-strapped majority and BEE shareholder, Genorah Resources, seeks to sell shares to cover debt.
Chamber’s Frans Barker dies after illness
Frans Barker, Chief Operating Officer of the Chamber of Mines, has died after a short illness.
ARM on the prowl for new targets
Acquisition targets may come aplenty as commodity markets are taking strain, according to African Rainbow Minerals, saying value has once again returned to the market.
Gold One’s Chinese backers worry over SA
Gold One CEO Neal Froneman says his Chinese investors are anxious about labour relations in SA and that the current instability is posing a risk to the company’s growth ambitions.
Acid drainage costs surge to R2.2bn
THE cost of dealing with acid mine drainage in the Witwatersrand has escalated
to R2.2bn, says Minister of Water and Environmental Affairs, Edna Molewa.
Labour divisions halt Gold Fields’ KDC East
The NUM says the dispute that has brought Gold Fields’ KDC East mine to a
standstill is over funeral benefits, but the company points to bigger divisions
within the union.