AngloGold’s Venkat sets out stall in strong debut
AngloGold Ashanti CEO, Venkat, sought to impose his own style of leadership at the group saying profits would not be sacrified for production growth.
Headwinds put Gold Fields on back foot
Gold Fields was in capital preservation mode as it cut exploration expenditure and suffered the effects of lower March quarter gold output at nearly all its operations.
AngloGold picks Venkat as restructure beckons
Srinivasan Venkatakrishnan has been appointed CEO of AngloGold Ashanti amid
huge pressure on company margins that analysts say will inevitably lead to a group
restructure.
Congo army said to be smuggling gold
Congolese army officials were allegedly smuggling gold through Burundi to Dubai,
according to a report by Global Witness.
Sibanye lights up subdued SA gold sector
Sibanye Gold's cash generating ability heightened the prospect of a dividend, and
shed light on a be-dimmed gold sector pressured by a falling gold price.
Pan African’s R1.5bn Evander bet is safe
Evander Gold Mines would flourish at R100,000 per kilogram, says Ron Holding,
joint CEO of Pan African Resources which bought the asset in February for R1.5bn.
Harmony rings in austerity cuts worth R1.8bn
Harmony aimed to slice R800m off corporate and operating costs and a further R1bn
would be cut from the development bill of its Wafi-Golpu project in 2014.
Randgold growth untroubled by gold ‘correction’
Mark Bristow, CEO of Randgold Resources, said the gold market had corrected and
would lead to better businesses while his firm's own growth plans were undisturbed.
Fire halts work at Harmony’s Phakisa, Tshepong
An underground fire has brought operations at Harmony Gold’s Phakisa and Tshepong mines to a standstill.
DRDGold aims for 5% dividend yield
DRDGold says more money may flow to shareholders once its strategic capital commitments come to an end.