Gold Fields agrees 10%, 3-year wage lift
Gold Fields is to pay an average 10% a year wage increase to 3,500 employees at its South Deep mine for three years.
DRDGold BEE practical, but not a precedent
Niel Pretorius, CEO of DRDGold, said the government's approval of the firm's BEE transaction at Ergo was a practical outcome, but it did not set a precedent.
Holland defends gold reserves assumption
Gold Fields CEO, Nick Holland, insists a $1,500 per ounce assumption for calculating the group's gold resources is sensible.
AngloGold prepares to sell US, Mali mines
AngloGold Ashanti is to sell part or all of its stake in its US mine Cripple Creek & Victor and was weighing a bid for its share in Yatela and Sadiola.
Randgold targets $500m warchest
The gold industry was currently unsustainable which would create opportunities for growth, said Randgold which wants to take cash to $500m for finance growth.
SA sceptical LBMA system will influence gold
South African economists and gold producers said it was unlikely the gold price would be positively influenced by the LBMA electronic gold price fixing platform.
Rand papers over cracks of SA’s gold stocks
The December quarter was another difficult period for Harmony Gold with 30% of its mines losing cash while other gold stocks also struggled despite the weak rand.
Pan African rebuts claim Shanduka interferes
Pan African delivered interim figures as per market expectations but had to bat away questions about the influence of BEE partner, Shanduka in its affairs.
AMCU agreed to centralised gold wage talks
The Association of Mineworkers & Construction Union agreed to centralised bargaining in the gold sector this year when it signed recognition agreements.
DRDGold hoping to win back value investors
Improving the share price and growing DRDGold turns on winning back the interest of value investors, and that means operating consistency.