Burnstone plant start up delayed by 2 weeks
Great Basin Gold, the international mining company developing a gold mine on the Witwatersrand, says the start up of its Burnstone metallurgical plant will be delayed by two weeks.
More options on gold being offered
Gold bulls are being offered more long-shot investment options following the pioneering work of Wits Gold in exploring the unmined, deep-level resources left on the Witwatersrand.
Harmony to sell Mt Magnet for $35m
In an effort to further streamline its business interests, Harmony Gold has sold its Australian asset, Mount Magnet, for a sum of $35m, the company said.
Harmony closes Joel temporarily
Harmony has shut down the Joel mine in the Free State for up to six weeks to carry out repairs and modifications in its North Shaft.
Mineworker dies at AngloGold’s Tau Lekoa mine
The National Union of Mineworkers (NUM) has reported a fatality at AngloGold Ashanti's Tau Lekoa mine in Matlosana - formerly Klerksdorp.
Gold price extends losses
Gold has fallen further below $1 200/oz in Europe, extending the previous session's losses, as a report that China will not make gold a major part of its portfolio undermined sentiment.
Gold poised as correction nears end
Analysts reckon that news China would not add significantly to its gold reserves had been absorbed and that the correction in the gold price was almost out of the system.
Simmers drops proposed rights issue
The Simmers board has opted not to go for a planned rights issue and will instead raise funds required to pay back a R220m loan through a sale of notes as well as cash flow.
CRG head of mining to resign
Central Rand Gold says Don Harper, Head of Mining, has informed the company of his intention to resign as he intends to return to Perth, Western Australia, for family reasons.