Home News Page 822

News

AngloGold rewarded for self-help success

0
Shares in AngloGold Ashanti have raced up 50% in the year to date as investors acknowledge the success of its self-help measures.

Corporate dispute erupts at Resgen

0
On top of his long-running funding problems it now seems Resource Generation CEO Paul Jury faces a battle for effective boardroom control.

Sibanye CEO Neal Froneman turns his hand to coal

0
Sibanye CEO Neal Froneman - known in the gold industry as "Mr Fixit" - is becoming "Mr Multi-tasker" as he moves into coal and platinum mining.

Glencore elects book-build for equity issue

0
Glencore would issue nearly 10% of its stock of which 78% would be through a book-build programme with management scooping the balance of the shares.

Loots commits Pan African to gold focus

0
Cobus Loots, CEO of Pan African Resources, said the firm's recent foray into coal was "a specific opportunity", and that it would stay a gold focused company.

AngloGold teams up with Randgold to redevelop Obuasi

0
More than a decade after Randgold CEO Mark Bristow fought AngloGold for control it seems the Obuasi mine in Ghana will now be developed on his terms.

Atlatsa to ice shafts, cut jobs at Bokoni

0
Atlatsa Resources is to mothball two shafts and cut jobs at its Bokoni Platinum Mines ahead of a new financing with joint venture partner, Amplats.

Aquila seeks ‘judicial review’ after appeal fails

0
After 20 months, mines minister Ngoako Ramalthodi rejects Aquila Steel's appeal over manganese mining rights - a development that will take both to court.

SA gold mines “mired in crisis” says JP Morgan

0
The beneficial effect of the collapse in the rand against the US dollar is not going to be enough to save South Africa's gold mines this time around.

Gold producers make third attempt to end pay impasse

0
South Africa's major gold producers have revised their wage offers once more offering higher entry-level wages in a bid to avert an industry-wide strike.