Manica won’t pay for Pan African’s Evander deal
Pan African Resources says it will soon announce final details on the spin-off of
its Manica project in Mozambique, but the proceeds won’t go towards payment
for Evander.
Anglo completes De Beers transaction
Anglo American says it has completed the acquisition of the Oppenheimer
family’s 40% stake in De Beers.
AngloGold “steady as she goes’
IT'S a difficult time to be a gold company CEO; yet AngloGold Ashanti’s Mark
Cutifani cannot be accused of overpaying for assets or running behind time with
project delivery.
Ill Lonmin CEO admitted to hospital
Lonmin CEO Ian Farmer has been diagnosed with a serious illness and admitted
to hospital, the group says. Meanwhile, 30 people have died in a police crackdown.
Gold, SA mines a fillip to Harmony’s financials
Harmony Gold’s South African operations have delivered the goods for the
group, enabling the company to make mint of the higher gold price during the
past financial year.
Petmin ups stake in pig iron project for $4.5m
Petmin said it had increased its stake in a Canadian pig iron prospect with a
forecast first-phase capacity of 500,000 tonnes/year to 22.5% in a $4.5m deal.
Barrick considers sale of African offshoot
Barrick Gold, the Canadian gold miner, is considering selling its 74% stake in African Barrick Gold following that company's poor performance, according to a report in the Financial Times.
China Gold in bid for $2.5bn African Barrick
Barrick Gold Corporation confirmed it was in talks to sell its 73.9% stake in
African offshoot African Barrick Gold with China National Gold Group.
Briggs “stunned’ over Wafi-Golpu finance queries
Harmony Gold Mining Company CEO Graham Briggs says he is astonished about
the scepticism the group is facing over its ability to finance the future
development of Wafi-Golpu.
Paulson, Soros lift gold holdings as metal falls
Billionaire investors John Paulson and George Soros both lifted their stakes in
exchange traded fund, SPDR Gold Trust, in the June quarter - even though gold
shed 4% during the period.