Simmers settles R100m of RMB loan
Gold producer Simmer & Jack Mines has advised that it has settled R100m owing to
Rand Merchant Bank as part of the R220m bridge loan.
Gold Fields converts South Deep
Gold Fields has been awarded a new order mining right for South Deep but the terms of the related black economic empowerment deals show it has had to pay a high price for this.
Gold Fields BEE package deal
Gold Fields CEO Nick Holland says the three latest BEE transactions approved by government form a "package deal" with the previous Mvelaphanda Resources transaction.
Randgold maintains production outlook
Randgold Resources CEO Mark Bristow reckons the group's gold production will remain with 5% of his original forecast for 2010 despite the problems at the Loulo mine in Mali.
R&E profit leaps to R792.8m
Randgold & Exploration, which recently re-listed on the JSE after a five-year absence, has reported a massive jump in first half earnings by posting a profit of R792.8m compared to R11.1m previously.
DRDGold loses patience with AMD claims
DRDGold believes efforts to make it pay more to treat mine water containing dangerous acids was unconstitutional and that it would fight the matter vigorously.
China liberalises gold market
China has given a spur to the gold market by announcing plans to allow more commercial banks in its borders to trade in gold bars.
Grootvlei to wade into acid water crisis
Aurora Empowerment Systems says the Grootvlei mine would double its capacity to pump acid mine water, possibly as early as Friday.
Kinross enters Africa in $7bn deal
Kinross has bid $7bn in paper for Red Back Mining in a proposal that gives the Canadian firm access to gold mines in Ghana and Mauritania.
SA gold mines looking good
The June quarterly reporting season kicks off on Thursday and analyst expectations are high for better numbers all round from the SA gold miners.