PAULSON MAY UP GOLD FIELDS STAKE - Allan Seccombe
Source: Finance24.com
Posted: 03/07/2009 PAULSON & CO, a US hedge fund, may want to buy the remaining stake in Gold Fields owned by South Africa's MVELAPHANDA RESOURCES (MVELA). PAULSON & CO, which hit the headlines in March this year when it spent $1.28bn buying ANGLO AMERICAN'S 11.3% stake in ANGLOGOLD ASHANTI, is snapping up shares in gold firms and buying large amounts of physical gold in the form of exchange-traded funds.

OUTPUT TO RISE 3% FOR QUARTER - BLOOMBERG
Source: Business Day
Posted: 03/07/2009 HARMONY GOLD MINING's fiscal fourth-quarter output probably rose 3% from 349 801 ounces in the third quarter, the gold producer said on Wednesday.

PAN AFRICAN APPOINTS GERICKE
Source: Business Day
Posted: 03/07/2009 PAN AFRICAN has appointed Mario Gericke as executive for mining operations.

IMPALA PLATINUM SNAPS TWO-DAY GAIN - REUTERS, BLOOMBERG
Source: Business Report
Posted: 03/07/2009 IMPALA PLATINUM, the second-biggest producer of the metal, snapped a two-day gain, sliding 2.7% to R168.90.

BHP BILLITON SHEDS 4.75% - REUTERS, BLOOMBERG
Source: Business Report
Posted: 03/07/2009 BHP BILLITON shed 4.75% to R174.30, the biggest drop in two weeks.

ANGLO PLATINUM TUMBLES 4.99% - REUTERS, BLOOMBERG
Source: Business Report
Posted: 03/07/2009 Top platinum producer ANGLO PLATINUM tumbled 4.99% to R530.15 on the bourse.

GOLD FIELDS DROPS 3.9% - REUTERS, BLOOMBERG
Source: Business Report
Posted: 03/07/2009 GOLD FIELDS, Africa's second-biggest producer of the metal, dropped 3.9% to R93.01 on the bourse.

HARMONY GOLD DECLINES 5.1% - REUTERS, BLOOMBERG
Source: Business Report
Posted: 03/07/2009 HARMONY GOLD declines 5.1% to R75 after saying the rand costs of gold production rose 4.5% in the June quarter.

ANGLO AMERICAN FALLS 5.42% - REUTERS, BLOOMBERG
Source: Business Report
Posted: 03/07/2009 ANGLO AMERICAN fell 5.42% to close at R221.25 on the bourse.

ANGLOGOLD ASHANTI FALLS 3.3% - REUTERS, BLOOMBERG
Source: Business Report
Posted: 03/07/2009 ANGLOGOLD ASHANTI, Africa's largest gold producer, fell 3.3% to R282.95, paring Wednesday's 3.4% gain.

STRONG RAND MAY FORCE HARMONY REVIEW - Allan Seccombe
Source: Finance24.com
Posted: 02/07/2009 HARMONY GOLD will need to take "fundamental" look at its mines if the rand gold price remains at lower levels for another quarter, CEO Graham Briggs said on Wednesday. HARMONY posted a 3% increase in gold production during the June quarter, Briggs said in a slide presentation given to analysts. Underground tonnage increased but grade fell 1%. Total cash costs rose 8% in the quarter.

HARMONY TO REPORT OUTPUT SURGE
Source: Business Day
Posted: 02/07/2009 HARMONY GOLD MINING will report a 3% increase in gold production in the June quarter as almost all of its South African mines have increased output, CEO Graham Briggs said yesterday.