Wednesday, August 22, 2018

Shares in Simmers & Jack Mines fell more than 3 percent as the South African gold miner posted a 27 percent decline in first-quarter gold production.

South Africa's Constitutional Court will soon reach a decision on the special indemnity enjoyed by South African mines regarding the incurable lung diseases.

Horizonte Minerals, the AIM-listed exploration and development company focused on mineral projects in Brazil, has announced that it signed a R32.7m earn-in agreement with AngloGold Ashanti.

Aurora Empowerment Systems acknowledged that the $2m it received in interim funds from Switzerland's Global Emerging Markets was insufficient to pay mine costs for more than a month.

After successfully stamping out illegal mining at its Barberton operations, junior gold mine Pan African plans to raise production by 25% over the next five years.

Fresh from its running battles with illegal miners, management at Pan African Gold believes its New Hope reef - in the oldest and largest of its three mines - can help lift output a quarter.

Central Rand Gold has finally completed its trial mining phase but the share price remains bombed out as the company faces up to the flooding threat and looks to achieve sustainable production.

Liquidator Enver Motala confirmed Aurora Empowerment Systems had received a sum of money to pay salaries at its mines and other basic services, but declined to divulge the actual amount.

Aurora Empowerment Systems said it had no word yet on the R50m interim funds expected from Swiss investment group, Global Emerging markets.

-- THERE have been no arrests made for the killing of four "illegal" miners at Aurora Empowerment Systems' Grootvlei mine, according to the...