Sibanye may build R3bn power plant
Sibanye Gold said power disruptions owing to Eskom load-shedding had forced it to consider building a R3bn solar-power plant or a coal-fired power station.
DRD shares 6% lower despite green-shoots
Investors took a dim view of DRDGold skipping the dividend despite the fact it de-leveraged its balance sheet and showed evidence of an operating turnaround.
“We won’t buy any more gold assets”: Froneman
Neal Froneman, CEO of Sibanye Gold, said cross-boundary asset swaps ought to be replaced by meaningful consolidation creating a South African gold champion.
Gold Fields’ Muller says South Deep ‘dysfunctional’
Newly appointed VP of South Deep, Nico Muller, delivered a withering appraisal of South Deep's management and engineering track-record.
Acacia targets higher dividend for 2015
Acacia Mining unveiled a 40% increase in its total dividend for the 2014 financial year and said the payout may be increased this year as a percentage of cash flow.
Sibanye halts Beatrix as NUM, AMCU clash
In an ominous turn of events, nine employees were injured at Sibanye Gold's Beatrix mine after rival union members clashed.
Pan African’s Holding retires, Loots steps up
Ron Holding, who is 62, has taken retirement and will be replaced by former Shanduka Resources MD, Cobus Loots.
SA gold share climb supported by rand
South African gold shares hit the ground running this year but analysts believe a weak rand will help them to further ratings improvements.
RioZim chases $10m for gold mine restart
RioZim, an associate of Rio Tinto, is seeking $10m in a rights offer to pay for the reopening of its Cam and Motor gold mining project in Zimbabwe.
Sibanye unveils R50m profit plan for Cooke 4
Sibanye Gold unveiled plans to save jobs at its Cooke 4 section primarily through a new work cycle which will add up to R50m in profits a year.