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Gold a bubble that may deflate, says analyst

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Record gold prices may be heading for a correction of about 8 % next month, but the safe-haven metal may also rally to $2,400 an ounce next year, says an analyst.

Pan African to spin out Manica

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Pan African Resources will list its Manica gold project separately to speed up development while it focusses on growing its core South African businesses.

Gold tops $1,850/oz

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Gold has surged more than 1% to a record high above $1,850 an ounce, as investors reach for the safety of bullion amid a worsening economic outlook for the USA.

Chavez to nationalise Venezuelan gold industry

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Venezuela will nationalise its gold industry and is moving its international reserves out of Western countries, says President Hugo Chavez.

Harmony boosts annual dividend

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Harmony's operating performance for the year to June fell short of management's guidance but profits and dividend are up and so is the share price.

Orkney’s new knight in Chinese armour

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The first of 2,500 laid-off workers at Pamodzi Gold’s Orkney mine may be back at work by the end of October if the court this week approves the R150m buyout offer.

Gold Fields makes hay of price spike

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Gold Fields has significantly benefitted from the rising gold price during the June quarter, managing to translate a 5% production increase into 15% earnings growth.

No nationalisation, says Gold Fields

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Gold Fields CEO Nick Holland remains confident that nationalisation will not happen, although he concedes it is increasingly worrying foreign investors.

Mponeng operations halted after fatality

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An AngloGold Ashanti worker has been killed at the Mponeng mine after a seismic event, bringing mining operations to a halt in the affected area.

Aurora stuns with R15m refund claim

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Aurora Empowerment Systems has stunned unions and drawn the anger of liquidators, saying it should be refunded for losing its preferred bidder status of the Pamodzi Gold assets.