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.
Bristow sympathetic to Congo code revamp
Mark Bristow, CEO of Randgold Resources, said he was in sympathy with the efforts
of the Democratic Republic of Congo and other African countries to give themselves
a larger slice of profits.
Gold Fields’ KDC East ends 23-day strike
Some 8,100 workers were reinstated at Gold Fields KDC East mine after a 23-day
strike at the mine was ended, the company said.
SA’s latest gold ETN strips out rand risk
It’s bad enough trying to forecast gold without having to factor in the effect the rand
will have on your investment, says Investec of its newly-launched gold product.
West Rand Ergo one step closer
Posting an otherwise dire quarterly update on operations, Gold One
International says the scoping study of a proposed surface venture has shown
promising results.
Harmony says Kusasalethu strike nears end
Further evidence that the wildcat strikes that dogged South Africa’s mining sector
are winding up with Harmony saying its Kusasalethu mine had a good turnout this
morning.
DRDGold kicks off new era, aided by rand
A lift in recoveries and rand weakness from the strike contagion helped DRDGold to
a 51% operating profit gain in the September quarter.
AngloGold counts cost of strikes, Obuasi troubles
Third quarter production would come in at 1.03 million ounces, well below guidance
and raising the likelihood of more profound output losses and higher cash costs for
the year.
AngloGold issues strike ultimatum
AngloGold Ashanti has finally issued its striking workforce an ultimatum to return to
work, close to a month after all its SA operations were brought to a standstill.