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JCI eyes JSE return as it runs short of money

JCI, the company pursued for billions of rands by sister company Randgold & Exploration, is running short of cash, but it is looking at a variety of options to raise money. It is looking at a possible resumption of its JSE listing by year-end.

Simmers weighs alternatives to rights offer

Junior gold producer Simmer & Jack Mines says it is investigating alternative solutions to the proposed rights offer.

Aurora’s Grootvlei mine in flood threat

Irate workers maintaining the mothballed Grootvlei gold mine threaten to let it flood unless Aurora pays overdue wages of R30m immediately. The company says it will pay workers on Friday.

AngloGold, liquidators square off

Battle lines are drawn between AngloGold Ashanti and the liquidators of Pamodzi Gold, with fresh allegations surfacing that promise to make this a drawn out and messy affair.

South African gold output falls hard

The news from South Africa's gold sector remains grim. Gold output has fallen again in the first quarter of the year as an inexorable slide in production continues.

Gold may reach $1,400/oz: Investec

Gold may rise as high as $1 400 an ounce in 2010 as investors buy the metal as both a safe store of value and a haven from risk amid rising fears over sovereign debt, Investec says.

AngloGold suspends Orkney services

UPDATED - Aurora's gold ambitions receive a body blow as AngloGold Ashanti terminates services to the Orkney mine because of unpaid debt.

Village Main Reef aims to raise up to R200m

Village Main Reef Gold Mining says it intends to raise between R150m and R200m to fund future acquisition opportunities.