SA gold shares halt only temporary
After seven months of improvement, the Johannesburg gold index came to a shuddering half in September ... but the correction is only temporary analysts say.
AngloGold sets about ‘new’ old strategy
The group is having to claw back credibility after its failed capital raising and demerger proposal, and may yet return with another rights issue.
Pan-African lifts dividend, targets 250koz/year
Pan African Resources posted lower headline earnings but lifted the dividend in a signal it remained confident in its growth aspirations kept at 250,000 ounces/year.
AngloGold abandons $2.1bn right issue
The gold producer also said that it would not press ahead with plans to restructure into two separate companies.
Zimbabwe cuts gold levy to assist revival
Zimbabwe fiinance minister, Patrick Chinamasa, acknowleged the crucial role mining could make in the southern Africa country's revival.
Sibanye confirms Cooke 4 may restructure
Sibanye Gold hoped to avoid large scale retrenchments at its Cooke 4 shaft as it had avoided significant losses when restructuring at Beatrix West in 2013.
Sibanye may cut 2,500 jobs at Cooke
Unconfirmed speculation is that Sibanye Gold will start restructuring efforts at its newly acquired Cooke operation situated west of Johannesburg.
AngloGold to raise $2.1bn, float NewCo
AngloGold Ashanti is to raise $2.1bn in a rights issue and the partially demerge its international assets leaving a local company free to invest in other commodities.
Analysts seek proof Harmony can fight tide
Harmony Gold has worked at cutting loss-making production, but analysts worry there's still a lot of mining not making money at the current price.
Refinery maintains output during strike
Rand Refinery said it intended to maintain normal production despite a strike by workers who want higher wages and are objecting to the use of polygraph tests.