Harmony’s Hidden Valley faces legal battle
Harmony Gold’s Hidden Valley JV in Papua New Guinea is again facing legal action over damage caused by mine-related sediment to landowners along the country’s Watut River.
HSBC ups gold outlook
HSBC Holdings has raised its 2011 gold price forecast to $1,450 an ounce, citing expectations that investors will be attracted to the metal as a haven from risk.
Silver hits 30-year peak
Spot silver is trading at historical levels, buoyed by a weak dollar and strength in base metals, while gold is holding steady on good physical demand.
All that glistens isn’t gold
Humble silver, copper and some other commodities kicked dust in the eyes of the gold bulls in 2010.
Ivory Coast, Loulo hit Randgold output
Randgold Resources says its fourth-quarter production will be negatively hit by the impact of the political tension in Ivory Coast and a below-target contribution from its Loulo project in Mali.
Still time to buy SA gold shares
South African gold shares are a buy despite the strong rand and continued steep increases in mines’ working costs.
Some Aurora workers remain unpaid
A total of R800,000 has been paid towards the salaries of some Aurora Grootvlei miners from Springs, says the department of labour.
Simmers CEO resigns
Simmer & Jack CEO Nico Schoeman has resigned and will be replaced by company CFO Marius Saaiman.
Searching gold on the ocean’s bottom
At the surface of the Atlantic Ocean, on the West Coast of South Africa, there is gold. How much is still unknown - and whether it would make economic sense to exploit it.
Aurora granted more time to secure funds
Aurora Empowerment Systems has been given until the end of February to produce funding guarantees to buy assets of the financially stricken Pamodzi Gold.