RBPlat accelerates cost review, jobs at risk
The tough market conditions that have accounted for capital expenditure
cutbacks in the platinum industry claimed another scalp.
“We’re in a state of emergency’ – RBPlat
Royal Bafokeng Platinum CEO Steve Phiri says the company isn’t taking any
chances on security, following wage demands from rock drill operators at the
company’s BRPM mine.
Manica won’t pay for Pan African’s Evander deal
Pan African Resources says it will soon announce final details on the spin-off of
its Manica project in Mozambique, but the proceeds won’t go towards payment
for Evander.
Anglo completes De Beers transaction
Anglo American says it has completed the acquisition of the Oppenheimer
family’s 40% stake in De Beers.
AngloGold “steady as she goes’
IT'S a difficult time to be a gold company CEO; yet AngloGold Ashanti’s Mark
Cutifani cannot be accused of overpaying for assets or running behind time with
project delivery.
Ill Lonmin CEO admitted to hospital
Lonmin CEO Ian Farmer has been diagnosed with a serious illness and admitted
to hospital, the group says. Meanwhile, 30 people have died in a police crackdown.
Gold, SA mines a fillip to Harmony’s financials
Harmony Gold’s South African operations have delivered the goods for the
group, enabling the company to make mint of the higher gold price during the
past financial year.
Barrick considers sale of African offshoot
Barrick Gold, the Canadian gold miner, is considering selling its 74% stake in African Barrick Gold following that company's poor performance, according to a report in the Financial Times.
China Gold in bid for $2.5bn African Barrick
Barrick Gold Corporation confirmed it was in talks to sell its 73.9% stake in
African offshoot African Barrick Gold with China National Gold Group.
Briggs “stunned’ over Wafi-Golpu finance queries
Harmony Gold Mining Company CEO Graham Briggs says he is astonished about
the scepticism the group is facing over its ability to finance the future
development of Wafi-Golpu.