Harmony halts plans for R6bn shaft
Harmony Gold Mining plans to delay the development of a R6bn shaft at its Evander mine in Mpumalanga.
Gold demand surges, ETFs rate high
Gold backed exchange traded funds helped power gold demand to a more than one third increase in the second quarter, the World Gold Council reported.
Simmers Q1 production falls 27pct
Shares in Simmers & Jack Mines fell more than 3 percent as the South African gold miner posted a 27 percent decline in first-quarter gold production.
Concourt to rule on mine indemnity law
South Africa's Constitutional Court will soon reach a decision on the special indemnity enjoyed by South African mines regarding the incurable lung diseases.
AngloGold inks deal for 51pct of gold project
Horizonte Minerals, the AIM-listed exploration and development company focused on mineral projects in Brazil, has announced that it signed a R32.7m earn-in agreement with AngloGold Ashanti.
Aurora concedes $2m funds “not enough”
Aurora Empowerment Systems acknowledged that the $2m it received in interim funds from Switzerland's Global Emerging Markets was insufficient to pay mine costs for more than a month.
Pan African ties future to New Hope
Fresh from its running battles with illegal miners, management at Pan African Gold believes its New Hope reef - in the oldest and largest of its three mines - can help lift output a quarter.
Pan African to increase production 25pct
After successfully stamping out illegal mining at its Barberton operations, junior gold mine Pan African plans to raise production by 25% over the next five years.
Aurora’s Grootvlei to get capital injection
Liquidator Enver Motala confirmed Aurora Empowerment Systems had received a sum of money to pay salaries at its mines and other basic services, but declined to divulge the actual amount.
CRG completes trial mining
Central Rand Gold has finally completed its trial mining phase but the share price remains bombed out as the company faces up to the flooding threat and looks to achieve sustainable production.