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Bauba forced to lower funding target

Hit by market volatility, Bauba Platinum has dropped its minimum funding target significantly and extended the closing deadline to raise the money.

Seven injured at Gold Fields Driefontein

The National Union of Mineworkers says seven mineworkers had been injured at Gold Fields' Driefontein mine outside Carletonville.

Galaxy Gold moves ahead with plans to list

New South African gold mining and exploration company Galaxy Gold has proved that it is progressing with its plans to list on the JSE by the third quarter of this year.

Central Rand Gold plunges on share offer

Central Rand Gold shares dived to new lows on the JSE and LSE, after the troubled junior announced a huge share offer and placement at a deep discount.

JCI eyes JSE return as it runs short of money

JCI, the company pursued for billions of rands by sister company Randgold & Exploration, is running short of cash, but it is looking at a variety of options to raise money. It is looking at a possible resumption of its JSE listing by year-end.

Simmers weighs alternatives to rights offer

Junior gold producer Simmer & Jack Mines says it is investigating alternative solutions to the proposed rights offer.

Randgold & Exploration’s low-key JSE return

Randgold & Exploration, which was plundered for billions of rands by Brett Kebble, finally resumes trading on the JSE. New CEO Marais Steyn is keen to revive Randgold's fortunes in resources.

Aurora’s Grootvlei mine in flood threat

Irate workers maintaining the mothballed Grootvlei gold mine threaten to let it flood unless Aurora pays overdue wages of R30m immediately. The company says it will pay workers on Friday.

AngloGold, liquidators square off

Battle lines are drawn between AngloGold Ashanti and the liquidators of Pamodzi Gold, with fresh allegations surfacing that promise to make this a drawn out and messy affair.

Gold may reach $1,400/oz: Investec

Gold may rise as high as $1 400 an ounce in 2010 as investors buy the metal as both a safe store of value and a haven from risk amid rising fears over sovereign debt, Investec says.