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ICT, state miner in Vaal licence swoop

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Imperial Crown Trading and state-owned African Exploration, Mining and Finance Corporation have acquired several prospecting licences along the banks of the Vaal River.

First weekly gold decline in three months

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Gold has recorded its first weekly decline in nearly three months, with investors keeping an eye on any statements from the G20 meeting.

Sandi Majali granted bail

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UPDATED: Alleged corporate hijacker Sandile Majali has been released on bail after an urgent application was lodged in the Johannesburg High Court, says his lawyer.

Don’t trust gold shares

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For many years - perhaps forever and currently too - investors have believed the prices of gold shares will outperform the gold price itself, even if the latter increases.

Lower earnings for SA gold mines

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September quarter results from the main South African gold producers will be down on levels reported for the June quarter, because of cost increases and the impact of the strong rand.

Mine water report kept under wraps

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A government-appointed team of experts has completed a report on acid mine drainage, but the document will not be made public yet, officials say.

Harmony gets nod for Wafi-Golpu

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Harmony Gold has obtained approval to start developing its Wafi-Golpu gold project in Papua New Guinea.

Ipsa scraps coal contract over IPP delays

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Independent power plant developer Ipsa has scrapped a coal agreement due to delays in the implementation of independent power producer policies.

Three miners die in separate incidents

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Three mine workers have died in separate accidents in the past two days, says the National Union of Mineworkers.

AngloPlat output jumps, warns on rand

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Anglo Platinum posted an 11% rise in third-quarter production, but said the stronger rand may hurt its earnings.