Monday, February 18, 2019

A board of directors is seeking court redress after finding out its mining investment company had been hijacked.

Gold has risen to a seven-week high as spreading unrest in the Middle East burnished the metal's appeal as a safe-haven asset.

Negotiations between Harmony Gold and junior mining firm Ngwenda Gold led to the discovery that Ngwenda had been hijacked, allegedly by a Canadian citizen.

Gold Fields has opted to focus its attention on new mine projects in Peru, Finland, Mali and Australia ahead of the proposed uranium recovery plant in South Africa.

AngloGold Ashanti has seen its earnings gobbled up by the elimination of its hedge book one last time, reporting a $764m headline loss for the quarter to end-December.

AngloGold Ashanti stands on the brink of an earnings explosion as it enters a new financial year free from the restraints of a gold hedge, analysts say.

Solidarity has warned that it may move to liquidate Aurora Empowerment Systems.

African Barrick Gold reported better-than-expected results for the full year as higher gold prices outweighed a decline in production.

DRDGold is to separate its Blyvooruitzicht underground mine from its low cost and low risk Ergo surface operations and use Blyvoor to get involved in the further consolidation of the SA gold sector.

Randgold Resources has increased its annual dividend in a show of confidence by management, despite problems at the Loulo and Tongon mines.