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.
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.
Source: Business Day
Posted: 03/07/2009 PAN AFRICAN has appointed Mario Gericke as executive for mining operations.
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.
Source: Business Report
Posted: 03/07/2009 BHP BILLITON shed 4.75% to R174.30, the biggest drop in two weeks.
Source: Business Report
Posted: 03/07/2009 Top platinum producer ANGLO PLATINUM tumbled 4.99% to R530.15 on the bourse.
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.
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.
Source: Business Report
Posted: 03/07/2009 ANGLO AMERICAN fell 5.42% to close at R221.25 on the bourse.
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.
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.
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.
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