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.
Implats boosts earnings and dividend
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
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.
Exxaro expects profit to double
Exxaro Resources says its full-year profit has likely doubled as the global economic recovery pushed commodity prices higher.
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.
Aurora threatened with liquidation
Solidarity has warned that it may move to liquidate Aurora Empowerment Systems.
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.
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.