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Sibanye sticks to 1.67m oz output target

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Sibanye Gold saw a hefty 31% slide in March quarter output - and a worrying decline in its margin - but said gold production would recover throughout the year.

Tribunal gives nod to Sibanye Cooke 4 restructure

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South Africa's Competition Tribunal approves the restructure of Cooke 4 by Sibanye Gold which said it could now derive a R50m profit from the asset.

SA gold miners wrestle with housing targets

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South African gold miners spent R1.5bn improving living conditions for employees but it's not enough for the government which believes the sector has failed.

Gold miners in re-think as investors bristle

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Lawsuits brought by shareholders against gold companies is one manifestation of the need for the world's miners of the metal to restructure.

Gold Fields agrees 10%, 3-year wage lift

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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

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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

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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

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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

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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

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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.