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.
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.
Manuel’s commission asks for policy clarity
The second draft of the National Planning Commission’s development strategy
for SA again leans heavily on the contribution of the mining sector, naming
security of tenure as a key requirement.
Great Basin up for sale amid liquidity crunch
Great Basin Gold’s directors said they might be prepared to sell the company in
order to retrieve some value as another poor quarter threatens to bankrupt the
firm.
Great Basin’s Dippenaar quits, firm needs $60m
Ferdi Dippenaar, CEO of Great Basin Gold, has resigned amid news the company
is seeking a further $60m in funds following a series of share issues.
Lonmin violence death toll rises to nine
The campaign of violence that has engulfed Lonmin’s Karee operations in North
West so far claimed the lives of nine people - two police officers and seven mine
employees.
DTC sales channel not threatened by Botswana shift
De Beers’ Diamond Trading Company says sightholders will flock to Botswana
once sights are held there in about a year’s time, according to group CEO
Philippe Mellier.