Chinese pay top dollar for marginal assets
A Chinese firm appears to be paying an exorbitant amount for highly marginal gold assets that Harmony was happy to sell last year at a fraction of the price to current owner Taung Gold.
DRDGOLD output down, costs climb
Gold miner DRDGOLD expects its quarterly gold production to be about 3% lower, while costs will be some 6% higher.
Acid water blamed on mine liquidators
Liquidators of two mines on the East Rand have fought back after being accused of contributing to environmental damage.
Renewed jitters power gold to new record
Investors worried by the eurozone debt crisis and turmoil in the Arab world have sought safe-haven gold, pushing its price to a new record high.
China snaps up SA gold firm
Chinese firm Wing Hing International says it has acquired 87% of Taung Gold in a multi-billion rand deal.
Liquidators warn Aurora – again
Aurora has to prove it has made progress in finding investors for the Pamodzi mine or face being kicked out of the deal, says liquidator Enver Motala.
Evraz Highveld CEO to leave within a week
Evraz Highveld Steel and Vanadium, SA's second-largest steel producer, says that its CEO has tendered his resignation.
Metorex copper output up 8%
Metorex increased production despite seasonally high rainfall and the installation of a new modified transformer at Ruashi.
Jubilee to acquire chrome ore company
Mining exploration and development company Jubilee Platinum has unveiled plans to acquire a firm that treats chrome ore in the platinum-rich western Bushveld.
Pallinghurst expects banner year for platinum
Pallinghurst Resources CEO, Arne Frandsen, says 2011 represents a key period of development for the group's platinum prospect, Platmin.