AngloGold’s Venkat sets out stall in strong debut
AngloGold Ashanti CEO, Venkat, sought to impose his own style of leadership at the group saying profits would not be sacrified for production growth.
Lonmin lifts output target to over 700k oz
Lonmin provided further evidence it was in recovery mode producing strong operating results, but it said wage talks remained challenging.
Headwinds put Gold Fields on back foot
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.
Unions absent from Amplats’ jobs revision
Anglo American Platinum (Amplats) said it would retrench up to 8,000 less jobs than first proposed, but the consultation process did not have union participation.
Gigaba urges SA to mull coal-fired power
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
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
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
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
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
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.