Great Basin in R80m BEE tiff with Gold Fields
A cancelled empowerment deal with Gold Fields is an unwanted spanner in the
works of Great Basin, which also faced scepticism regarding production targets
at its Burnstone mine.
Gold One secures financing for deals
Gold One International says it has secured the necessary finance to settle the Rand Uranium and Ezulwini acquisition deals.
Investec sees gold at $1,850
Gold may appreciate a further 10% in 2012 to an average price of around
$1,850 per ounce, as negative real interest rates continue to bolster the
appeal of the metal.
Central Rand Gold seeks image makeover
Central Rand Gold is seeking to restore its credibility in the market as it
prepares shareholders for a future fundraising, saying it is working on the
details of a credible long-term strategy.
Mining policies inconsistent – Cutifani
South Africa's macroeconomic policies, particularly those considered for the mining industry, will erode competitiveness and stall investment, says AngloGold Ashanti CEO Mark Cutifani.
Randgold’s Malian assets operational
Randgold Resources CEO Mark Bristow says the company's operations in Mali are
operational, adding that conditions in the country are returning to normal.
No quiet exit for First Uranium
The chances of First Uranium being afforded a dignified death seem slim as
disgruntled shareholders are organising a rebellion against the disposal of key
assets.
Aurora “virtually a Ponzi scheme’
The liquidators of Aurora Empowerment Systems have revealed that the
company only has R2,000 left in 10 bank accounts, leaving workers with no
hope of ever being paid.
Gold Fields ‘committed’ to Mali – report
Gold Fields CEO Nick Holland says the company wants to continue its exploration activities in Mali, despite last week's military coup, according to Reuters.
Gold Fields expedites $340m Philippines deal
Gold Fields has paid $110m to exercise an option giving it 40% of the
Philippines-based Far South East copper and gold prospect.