Petra shares shed 10.5% after Q3 revenue hit
The UK company said third quarter revenue was 31% lower and full-year output would be 100,000 carats below forecast at some 3.1 million carats.
Blyvoor workers fear Aurora repeat
About 1,700 workers at Blyvooruitzicht, a mine near Carletonville, fear they will not be paid in a repeat of the events at Aurora Empowerment Systems' Grootvlei mine.
Hawks to prove Gold Fields BEE deal
South Africa's Directorate for Priority Crime Investigation, known as the Hawks, is to launch its own probe into a R2.1bn empowerment deal involving Gold Fields.
Zimplats may lose 29% of annual production
Impala Platinum said Zimplats may lose up to 29% - or 70,000 ounces - of annual production after closure of an unsafe area of the Bimha mine.
Eskom warns of ‘tight system’ for two weeks
Eskom said power availability would be tight for a fortnight following maintenance to unit one at Koeberg, the power utility's nuclear facility.
Gold bears return as ETPs hit again
Liquidations in exchange traded products continued for an unprecedented 17th consecutive week providing evidence gold bears had returned to the market.
ContiCoal appoints board to study funding
Continental Coal has appointed a special board committee to review several offers to refinance its $15m in convertible debentures.
Harmony output down 10% in March Q.
March quarter gold production was affected by slow start ups post the December holidays and safety-related stoppages.
Kibo finalising power purchase agreement
Kibo Mining said it had finalised the terms of reference for its power purchase and a grid connection agreements with the Tanzanian government.
Platinum may rise on strike conclusion
Platinum may continue to surge because there is less incentive for producers to hold back the price following a five month strike in South Africa.