Paulson, Soros lift gold holdings as metal falls
Billionaire investors John Paulson and George Soros both lifted their stakes in
exchange traded fund, SPDR Gold Trust, in the June quarter - even though gold
shed 4% during the period.
Great Basin up for sale amid liquidity crunch
Great Basin Gold’s directors said they might be prepared to sell the company in
order to retrieve some value as another poor quarter threatens to bankrupt the
firm.
Great Basin’s Dippenaar quits, firm needs $60m
Ferdi Dippenaar, CEO of Great Basin Gold, has resigned amid news the company
is seeking a further $60m in funds following a series of share issues.
Randgold Resources ready to pounce
Randgold Resources sees an opportunity to make hay from the woes of distressed
exploration juniors in West Africa, saying the current dynamics of the industry may
produce some targets.
AngloGold lifts lid on Mine Waste Solutions plan
AngloGold Ashanti sees itself becoming an annual producer of five million
pounds of uranium after incorporating First Uranium’s Mine Waste Solutions
into its asset portfolio.
Gold Fields may axe 2,384 South Deep jobs
This is the worst-case scenario if the company and the NUM can’t agree on
changes to continuous operations at its West Wits mine, which is aiming for
700,000 oz in run-rate production by 2015.
First Uranium delivers final insult
Shareholders in First Uranium have to endure one last stomach blow as the
company revises down its earlier guidance on distributions from the sale of all
its key assets.
Gold One to hold Ezulwini by end of week
First Uranium says the sale of its Ezulwini mine to Gold One International is on
track, and is expected to be implemented on Wednesday.
Gold One eyes new prime assets
As Gold One International is about to add First Uranium’s Ezulwini to its
portfolio of assets, CEO Neal Froneman says the company may announce more
acquisitions before the end of the year.
Gold Fields suspends Tarkwa heap leaching
Gold Fields said it was seeking reopening of its heap leaching activities at
Tarkwa gold mine in Ghana after offering to build water treatment facilities
there.