Wits Gold may seek R450m in rights issue
Wits Gold may tap shareholders for up to R450m and introduce new ones in an
effort
to boost the share’s liquidity, says CEO Philip Kotze.
Pan African and Wits Gold buy Evander
Pan African Resources has teamed up with Wits Gold to buy Evander from Harmony for
R1.7bn in a deal that will give exploration company Wits Gold its first operating asset.
Pan African Resources expect earnings surge
Pan African Resources says it is expecting an increase in interim headline earnings of up to 93%.
Gold One, Gold Fields explore surface JV
Following a year of frenetic corporate activity at Gold One International, CEO Neal
Froneman has revealed his next play: a possible surface-operations joint venture with
Gold Fields.
Mandela is Aurora’s likely scapegoat
Zondwa Mandela is likely to be the fall guy for the Aurora debacle as the company
faces an inquiry to determine whether there are grounds for fraud and theft charges.
India nearly doubles gold import duty
India has hiked its gold import duty by 90% and doubled the tax on silver as the world's biggest consumer of bullion seeks to increase revenues, sending futures prices higher.
Gold Fields says 2011 output totals 3.49m oz
Gold Fields says its attributable production for the 2011 financial year is expected to be 3.49 million ounces.
Gold may end long bull-run, says GFMS
Gold may reach a record high above $2,000 an ounce in late 2012 or early 2013, but the precious metal is nearing the end of a decade-long run, says metals consultancy GFMS.
Court orders Aurora’s Zuma to pay R10m
A high court judge has granted default judgment against the chairperson of liquidated Aurora Empowerment Systems, Khulubuse Zuma, for the payment of R10m.
Gold Fields agrees plan to resume Kyrgyz drilling
Gold Fields has signed an agreement with Kyrgyz villagers that will enable it to resume drilling at a prospective copper deposit, three months after an arson attack.