Gold Fields plans 5-year South Deep return
Gold Fields CEO, Nick Holland, said that income of R6.5bn a year would help pay back the R35bn in total investment in South Deep within five years.
Gold Fields unbundles SA mines, creates Sibanye
Gold Fields is to unbundle its South African mines creating a 1.4 million oz/year producer listed on the JSE and led by former staffer, Neal Froneman.
Sibanye Gold’s Froneman demurs on ‘pac-man’ deals
Neal Froneman, CEO-designate of Sibanye Gold, may look at acquisitions, but his goal was to build in Sibanye a company attracting Asian investors.
Gold Fields warns of fourth quarter strike pain
Only a portion of lost production owing to strikes had been accounted for in the September quarter, Gold Fields said which also warned of imminent restructuring.
Harmony deplores deaths at Kusasalethu
Harmony Gold's Graham Briggs said deaths at the company's Kusasalethu mine on the west Rand was related to inter-union rivalry.
Renowned gold bull flies to defence of Wits Gold
Media-shy chairman of Wits Gold, Adam Fleming, says he will buy shares in the firm, the valuation of which was "anomalous".
Gold Fields returns Chucapaca to drawing board
Gold Fields' ambition to give geographic diversity to its gold production suffered a setback when its Peru mine, Chucapaca, was found to have failed investment tests.
China may raise gold holdings, says LBMA
China has only 2% of reserves in gold, compared to 75% in the US, a difference that
is bound to be narrowed, the London Bullion Market Association said.
AngloGold cuts capex, launches projects review
AngloGold Ashanti would conduct a two to four-month review of its South African and
African projects amid a credit downgrade and lost production.
Harmony lands solid profit despite R325m strike hit
Harmony Gold estimated a strike at its Kusasalethu mine carried a total opportunity
cost of R325m, but nonetheless produced impressive September quarter figures.