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Labour divisions halt Gold Fields’ KDC East

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The NUM says the dispute that has brought Gold Fields’ KDC East mine to a standstill is over funeral benefits, but the company points to bigger divisions within the union.

Harmony told it’s “too small’ for Wafi-Golpu

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On a day when Harmony Gold wanted to show off new detail about its game- changing Wafi-Golpu resource, the company ran into scepticism over its strategy for the asset’s development.

Pan African sells Manica

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Pan African Resources has finally sold its Mozambican gold project, Manica, in a cash and shares transaction potentially worth R52.5m, the company says.

DRDGold looks beyond gold

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DRDGOLD wants to extend its surface mining footprint beyond gold, saying very few players can match its technology to extract earnings from mining dumps in high-volume environments.

DRDGold posts FY earnings surge

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DRDGold has reported a 53% increase in full-year operating profit to R622m from its Ergo asset, leading the gold producer to a 259% increase in headline earnings per share.

Gold Fields seeks margin over volumes

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Gold Fields is to conduct a strategic review of all its operations, which may result in scaling down production to chase margin over volumes.

Gold Fields warns of gold output downgrades

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Gold Fields said production would be no higher than 3.4 million oz and could fall lower as supply disruptions took hold, but it would not compromise on its position as a high yield gold payer.

Naive to think labour ructions isolated: Holland

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Gold Fields CEO, Nick Holland, said labour unrest on the country’s platinum mines was a national issue and suggested the labour landscape was changing.

Village Main’s Buffels may get the chop

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The future of Village Main Reef’s Buffelsfontein mine is once again up in the air following an announcement that the group has embarked on a review of the viability of the mine.

Manica won’t pay for Pan African’s Evander deal

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Pan African Resources says it will soon announce final details on the spin-off of its Manica project in Mozambique, but the proceeds won’t go towards payment for Evander.