Harmony takes R1.4bn hit on Phakisa
Harmony Gold has discontinued the development of its Phakisa decline project owing to gold price weakness, and will impair the asset for R1.4bn.
Randgold to settle $123m Mali tax claim
Mark Bristow, CEO of Randgold Resources, said the new Mali government had the ability to settle a tax claim while steps were also being made for VAT repayments.
Aquarius stops cash bleed, mulls growth
The recovery of Aquarius Platinum continued with the firm registering a cash inflow and saying it was carefully assessing "selected growth opportunities".
Aquarius lines up $133m in project options
Aquarius Platinum may re-open its Everest mine as part of possible projects that could add 45% to PGM production.
Quake knocks out 7% of AngloGold output
AngloGold Ashanti applauded the evacuation of its Moab Khotsong and Great Noligwa mines following an earthquake, but added it was uncertain when mining would resume.
Govt calls for safety first at quake-hit mines
The Inspector of Mines has asked mining companies affected by the 5.5 magnitude earthquake to guarantee the safety of underground miners.
AngloGold hoists miners to surface amid quake
AngloGold was hoisting workers to surface at its Vaal River operations, 17 of whom had minor injuries, following an earthquake about 8km underground.
RBPlat glides to one third profit lift
Royal Bafokeng Platinum produced stable operating figures in a torrid period for most of the South African platinum sector.
Phiri adds RBPlat to list of Amplats suitors
Steve Phiri, CEO of RBPlat, said it didn't hurt looking "when your neighbour's house is on sale".
SA Govt. readies state-owned miner bill
Attorneys are unsure what the State Owned Mining Company bill may contain, but it will surely strengthen the government's hand in mining affairs.