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Gold Fields targets foreign gold

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Gold Fields has opted to focus its attention on new mine projects in Peru, Finland, Mali and Australia ahead of the proposed uranium recovery plant in South Africa.

Implats boosts earnings and dividend

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Impala Platinum cashed in on rising platinum group metal prices during the six months to end-December, with increases in production from its Rustenburg and Zimplats operations.

Implats still keen on RBPlat

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Impala Platinum has not given up on acquiring Royal Bafokeng Platinum, despite being blocked by rival Anglo Platinum in October to the fury of the Royal Bafokeng.

Hedge haunts AngloGold one last time

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AngloGold Ashanti has seen its earnings gobbled up by the elimination of its hedge book one last time, reporting a $764m headline loss for the quarter to end-December.

AngloGold enters new profitability era

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AngloGold Ashanti stands on the brink of an earnings explosion as it enters a new financial year free from the restraints of a gold hedge, analysts say.

Exxaro expects profit to double

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Exxaro Resources says its full-year profit has likely doubled as the global economic recovery pushed commodity prices higher.

Aurora threatened with liquidation

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Solidarity has warned that it may move to liquidate Aurora Empowerment Systems.

BHP goes on $80bn expansion spree

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BHP Billiton plans to pour $80bn into expansions and return cash to investors rather than chase takeovers, after nearly doubling its first-half profit.

African Barrick beats expectations

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African Barrick Gold reported better-than-expected results for the full year as higher gold prices outweighed a decline in production.

Public enterprises to house state miner

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The state-owned mining company that will spearhead the government's foray into the mining sector will be located in the department of public enterprises, says ANC secretary-general Gwede Mantashe.