Gold: “Well south of $1,000’
Thomson Reuters GFMS metals consultancy’s Paul Walker has tempered his
firm’s optimism about the shorter-term prospects of gold with a stark warning.
Eskom buy-backs boost ferrochrome price
Merafe Resources CEO, Stuart Eliot, says the South African ferrochrome
industry is only operating at 65% capacity, accounting for the boost in second-
quarter prices.
Watchdog approves Anglo’s De Beers deal
South Africa's Competition Commission has given Anglo American's buy-out of De Beers the green light.
Modikwa employees return to work
Modikwa Platinum has agreed to wage increases of between 8.5% and 10%, ending a three week protected strike.
Anglo mulls power plant bids – Business Day
Anglo American may this year appoint a service provider to build a 450MW power plant to take pressure off its platinum subsidiary’s electricity constraints, reports Business Day.
Keaton output gains momentum
Keaton Energy has reported across-the-board production increases from its operations in the financial year to end-March.
Impala responds to fatality cover-up claim
Impala Platinum responds to allegations that it is trying to cover up its own
culpability in the death of a mine worker in 2006.
Transnet sets sights on R300bn quantum leap
The bold capital expansion programme will include R32bn on taking coal export
capacity to 98 million tonnes a year, and a further R25bn expanding iron ore
exports to 81Mtpy.
AngloGold misses output guidance
AngloGold Ashanti has sunk to its lowest level in 12 months as the company’s
first-quarter output fell short of guidance.
Randgold Resources surges on Mali settlement
Randgold Resources' share price is catching up on lost ground following the political settlement in Mali.