Harmony to book hefty R5.3bn impairment on ageing SA mines
REDUCED life of mine plans and uninspiring business conditions in South Africa are behind R5.3bn in impairments due to be booked by Harmony Gold...
Zambia Revenue Authority raids Gemfields’ Kagem facilities
GEMFIELDS, the Johannesburg-listed precious stones mining and marketing company, said the premises of its Zambian subsidiary, Kagem Mining, were raided by the southern African...
Gold Fields confirms Ghana pressure for local minerals purchases
THE latest twist of the African resource nationalisation screw may be coming from Ghana where the government intends enforcing the purchase of up to...
Gold Fields’ Holland concedes South Deep at last chance saloon
THE fate of Gold Fields’ embattled South Deep mine could be decided in the next six months judging by comments made by CEO, Nick...
Exxaro resets shareholder rewards easing capital allocation fears
CONCERNS about the strategic direction of Exxaro Resources aired at its annual financial figures presentation in February were driven by fears it would allocate...
Exxaro rings in good news with dividend lift, R1.8bn Matla deal
EXXARO Resources was "days away" from finalising an agreement with Eskom which would see the South African power utility fund R1.8bn for the renewal...
South Deep, a story of the big mine that couldn’t
THERE is a story told of how Barrick executives were seen at the 2006 Denver Gold Conference conducting 'running high fives' having earlier in...
Rustenburg is a tightrope that must be traversed: Implats’ Muller
This article first appeared in The Mining Yearbook 2018 distributed through Finweek on August 9, but written a month before. The article has been...
Analysts weigh a Gold Fields without the South Deep albatross
GOLD Fields CEO, Nick Holland, was yesterday adamant his company was not considering shutting or selling South Deep, the West Rand mine where up...
Holland begs indulgence as hope still burns of return on Gold...
GOLD Fields CEO, Nick Holland, will ask shareholders to indulge his team for another long haul on South Deep, the in-distress West Rand mine...