Goldrich auditor alleges fraud, money laundering
A forensic auditor at Goldrich Holdings, a company operating the Blyvoor gold mine, said he had alerted SARS to potential fraud and money laundering within the company.
SA platinum losses may near 800,000 oz
Platinum production losses may approach 800,000 oz amid an eight week strike by AMCU which is likely to have a bearing on the price of the metal.
Platinum strike single biggest since 1994
The platinum strike was set to become the single largest since 1994 with revenue losses already at R8.8bn and production losses at 440,000 ounces.
Mbada Diamonds to expand underground
Mbada Diamonds, which is in joint venture with the state-owned Zimbabwe Mining Development corporation, is to expand into underground production.
Mathunjwa says tricks won’t end strike
Joseph Mathunjwa, president of AMCU, said having traditional leaders meet with mineworkers was a trick that would not work in ending the country's platinum strike.
Forbes, Riversdale to split R45.5m
Forbes Coal and Riversdale Mining have settled a legal dispute following the failed takeover of Riversdale with the parties splitting some R45.5m held in escrow.
Rand 10% too expensive: report
The South African rand is too expensive and had to fall about 10% in order to make the economy expensive, according to reports.
Waterberg Coal issues shares worth R24.3m
Waterberg Coal Company has raised R24m through the issue of shares to Investec Asset Management.
Gold shares catch investors’ eyes
Investors made more money from investing in gold shares than in ETFs backed by bullion so far this year.
Antwerp group to sell 12m in Zim diamonds
The Antwerp Diamond Centre wants to sell 12 million carats of diamonds mined from Zimbabwe this year.