AngloGold Ashanti to speed up growth
AngloGold Ashanti intends using the extra $600m it will earn in free cash flow annually through removing the gold hedge to speed up its growth projects, two of which are in South Africa.
AngloGold Ashanti to eliminate hedge book
AngloGold Ashanti is to raise around $1.5bn through the issue of shares and convertible bonds and will use the proceeds to knock down its remaining gold hedge book.
Pipeline to boost DRDGOLD resource
Junior gold miner DRDGOLD says a pipeline and plant expansion project at its Ergo and Crown operations would up its potential resource.
Resgen secures offtake from coal mine
Resource Generation took an important step forward in developing its Boikarabelo coal mine in the Waterberg after signing an offtake agreement.
DRDGold unveils R300m Ergo proposal
DRDGold is to spend R300m gaining access to the Ergo mine dumps that will take total surface resources to 600 million tonnes.
Eskom: Medupi has not been delayed
Eskom has dismissed claims that SA faces a dire situation because of delays with the Medupi power station.
Gold soars to record high
Investors are taking stock of global economic prospects and seeking refuge in safe haven assets.
Strike starting to bite Northam Pt
A strike by 8000 NUM-aligned workers at Northam Platinum was starting to hurt the platinum producer.
Absolute warns of one fifth losses
Absolute Holdings, due to be renamed Bauba Platinum, said full-year headline losses could be as much as one fifth higher.
Ergo a winner for DRDGold
The Ergo project is now delivering healthy profits for DRDGold with more to come as the fine-tuning is completed and it will also extend the lives of the Crown and City Deep treatment plants