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Headwinds put Gold Fields on back foot

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Gold Fields was in capital preservation mode as it cut exploration expenditure and suffered the effects of lower March quarter gold output at nearly all its operations.

Gigaba urges SA to mull coal-fired power

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SA should consider building a third, coal-fired power station as progress in building nuclear capacity was slow, said public enteprises minister, Malusi Gigaba.

Petra to scale back, close fissure mines

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UK-listed diamond group, Petra Diamonds, is to scale back two mines and close a third after failing to reach agreement on selling the operations.

AngloGold picks Venkat as restructure beckons

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Srinivasan Venkatakrishnan has been appointed CEO of AngloGold Ashanti amid huge pressure on company margins that analysts say will inevitably lead to a group restructure.

Congo army said to be smuggling gold

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Congolese army officials were allegedly smuggling gold through Burundi to Dubai, according to a report by Global Witness.

Sibanye lights up subdued SA gold sector

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Sibanye Gold's cash generating ability heightened the prospect of a dividend, and shed light on a be-dimmed gold sector pressured by a falling gold price.

Pan African’s R1.5bn Evander bet is safe

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Evander Gold Mines would flourish at R100,000 per kilogram, says Ron Holding, joint CEO of Pan African Resources which bought the asset in February for R1.5bn.

Keaton boosts 2013 thermal coal output

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Keaton Energy said production at its flagship Vanggatfontein colliery improved 58% in its 2013 financial year, a period characterised by strikes and power supply problems.

Davis appoints Goldman Sachs

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Mick Davis has appointed Goldman Sachs to assist him in creating a private equity company, according to report in the Sunday Times.

SA carbon tax baffles critics who look to EU

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The National Treasury's second policy paper on carbon taxes comes at a time when the European governments are relenting on taxes in order to stimulate their economies.