Hedge haunts AngloGold one last time
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
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.
Zim to nationalise mines, Chinese firm spared
Zimbabwe will proceed with plans to take majority stakes in foreign-owned diamond mines in the east of the country but will spare a Chinese-owned mine from a state takeover.
BHP goes on $80bn expansion spree
BHP Billiton plans to pour $80bn into expansions and return cash to investors rather than chase takeovers, after nearly doubling its first-half profit.
Public enterprises to house state miner
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.
Aurora threatened with liquidation
Solidarity has warned that it may move to liquidate Aurora Empowerment Systems.
Australia mining tax to in $60bn less
Australia will collect an estimated A$60bn less in a new mining tax over the next decade than originally predicted, according to the Sydney Morning Herald.
Acid water report reaches cabinet
A report on how to tackle the threat of rising underground acid mine water will be discussed by cabinet this week, says Water Affairs Minister Edna Molewa.
African Barrick beats expectations
African Barrick Gold reported better-than-expected results for the full year as higher gold prices outweighed a decline in production.
Weather prompts another force majeure
Xstrata has declared force majeure at its Ulan thermal coal mine in Australia's New South Wales state due to heavy rains, the company says.