AngloGold to raise up to $1bn in corporate bond
AngloGold Ashanti said it would raise between $750m and $1bn in a corporate bond which it would use to de-stress its balance sheet.
Merafe interim earnings hit by impairment
Merafe Resources is a company under pressure following the loss on the proposed sale of its Horizon mine in Limpopo province.
Unions declare dispute as gold firms lift offer
The Chamber of Mines lifted its wage increase offer to 5% but unions, excluding AMCU, have swiftly moved to dispute in a 30-day CCMA process.
Backwardation expresses gold price volatility
Gold dabbled in backwardation earlier this month, a rare event that underlines how difficult it is becoming to guess at the metal's next move.
RBPlats to shut mill for ‘two to three weeks’
Royal Bafokeng Platinum said R4.5m in repairs to a concentrator at its Bafokeng-Rasimone mine would see ore stockpiled for three to four weeks.
Cash flush Kumba gives some relief to Anglo
A strong performance from new mine Kolomela helped Kumba Iron Ore mitigate a weaker iron ore price and generate enough cash to wipe out net debt.
Amplats says balance sheet under control
A slew of extraordinary costs, and with high capital demands over the coming years, Amplats fends off questions that it is losing control over its debt.
Amplats suspends dividend as debt grows 30%
UPDATED - The sheer cost of sustaining mines that can't make money saw Amplats debt grow to R13.2bn making restructuring an urgency.
Village hails protest end, suffers R10m hit
The framework agreement registered an early success at Village Main in bringing a protest to an end, but the firm's gold division suffered a R10.5m revenue loss.
NewPlat barely dents metal inventories
Demand for the platinum-backed exchange traded product, NewPlat, is unstinting but what does that say for above ground inventories of the metal?