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Mineworker dies at AngloGold’s Tau Lekoa mine

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The National Union of Mineworkers (NUM) has reported a fatality at AngloGold Ashanti's Tau Lekoa mine in Matlosana - formerly Klerksdorp.

Gold price extends losses

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Gold has fallen further below $1 200/oz in Europe, extending the previous session's losses, as a report that China will not make gold a major part of its portfolio undermined sentiment.

Gold poised as correction nears end

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Analysts reckon that news China would not add significantly to its gold reserves had been absorbed and that the correction in the gold price was almost out of the system.

Simmers drops proposed rights issue

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The Simmers board has opted not to go for a planned rights issue and will instead raise funds required to pay back a R220m loan through a sale of notes as well as cash flow.

CRG head of mining to resign

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Central Rand Gold says Don Harper, Head of Mining, has informed the company of his intention to resign as he intends to return to Perth, Western Australia, for family reasons.

DRDGOLD sells prospecting rights to White Water

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DRDGOLD has signed heads of agreement with White Water Resources in terms of which White Water will acquire from DRDGOLD's 74% owned subsidiary, East Rand Proprietary Mines Limited, the prospecting right over ERPM Extensions 1 and 2 and the mining right over ERPM Extension 1.

Bombs planted at Harmony mine

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Harmony Gold has found bombs in the ventilation system of its Phakisa mine after an explosion killed four people last week.

Simmers needs Tau Lekoa badly

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After the latest set of poor results profitable production from Tau Lekoa seems the only thing that will put Simmer and Jack Mines on a path to financial stability.

Pan African FY earnings up by 106-116pct

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Pan African Resources, says it expects its full year earnings per share to be between 106% and 116% higher than those for the previous corresponding period.

Criminal miners may be behind Phakisa explosion

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Harmony Gold Mining has hinted that criminal miners might have been behind last week's explosion at its Phakisa mine in the Free State.