CRG attracts $148m rival bid from Chinese
In one of the most unusual bidding wars in Johannesburg's gold sector for years, two Hong Kong firms will bid up to $150m for troubled miner Central Rand Gold.
Gold Fields in R688m tax dispute with SARS
A creditable operating performance in the third quarter by Gold Fields was drowned out as another legal tussle is added to the group's corporate struggles.
AngloGold demerger may be revisited
AngloGold may have set the ball rolling on cost-cutting in South Africa, but further out, mine closures and even more profound restructuring may be required.
Sibanye restructure held up by commission
Sibanye Gold will first have to prove to the Competition Commission that it is not in contravention of a two-year moratorium on job losses owing to the merger with Cooke assets.
CRG reviews $150m offer from China’s Hiria
Central Rand Gold said it may sell its South African assets for $150m but had decided to suspend underground mining in the short-term.
AngloGold begins fresh round of cost cutting
The National Union of Mineworkers said it had held preliminary talks regarding voluntary separation packages for workers in some categories.
Randgold back in black as debt blitzed
Randgold Resources generated enough cash in the third quarter to pay its RCF and said it was on target to produce a maiden one million ounces in gold this year.
Briggs chides Kusasalethu as ponders change
Harmony Gold said worker attitudes and absenteeism were some of the problems that had to be tackled at its West Rand mine, Kusasalethu.
AngloGold may ‘call’ $1.25bn bond in 2016
The gold firm has targeted debt reduction of $1bn in three years and may buy back its 8.5% 2020 bond. Asset sales seems a nailed-on certainty, however.
Illegal mining forces Harmony to halt mine
Harmony is to shut its Kusasalethu mine for two weeks while it attempts to flush out illegal miners believed to have caused three underground fires in a month.