NIEL PRETORIUS SUCCEEDS JOHN SAYERS AS CEO AT DRDGOLD - Business Day Reporter
Source: Business Report
Posted: 06/01/2009 Niel Pretorius became the CEO of DRDGOLD last Thursday. The gold producer said last week that Pretorius was replacing John Sayers, who would remain a consultant to the company.

DRDGOLD APPOINTS CHIEF EXECUTIVE OFFICER - SENS
Source: Finance24.com
Posted: 31/12/2008 Shareholders are reminded that, with effect from 1 January 2009, Niel Pretorius will assume the role of CEO of DRDGOLD. John Sayers, the current CEO, will be resigning from the board with effect from 31 December 2008.

HARMONY BAILS OUT PAMODZI - Brendan Ryan
Source: Finance24.com
Posted: 31/12/2008 The PAMODZI GOLD funding saga drags on and on. The latest revelation is that HARMONY GOLD has had to come to the party again to keep the cash-strapped company alive. The refinancing terms announced on Monday are complex and appear to indicate limited support for PAMODZI from backer and shareholder PAMODZI RESOURCES. HARMONY has agreed to convert R103m "of its current exposure into equity to support the company". PAMODZI owes this to HARMONY for "capital expenses incurred and losses incurred" in terms of the management agreement with Harmony since October 2007.

GOLD FIELDS' OUTPUT PLAN ON TRACK - REUTERS
Source: Finance24.com
Posted: 30/12/2008 GOLD FIELDS LIMITED, said on Tuesday it was on track to meet its 804 000 ounce output forecast for the second quarter of 2009. The company said group cash costs and notional cash expenditure were expected to be lower than guidance published in October due to favourable exchange rate movements, and that it was well placed to achieve a run rate of 1 million ounces per quarter in the near term. GOLDFIELDS, the world's no. 4 gold producer, said rehabilitation of steel infrastructure at the main shaft of its Kloof mine and expansion of the Tarkwa Carbon in Leach plant was on track to achieve full production build-up by early January. Shares in the company were up 4.48% at 10:35, slightly outpacing other gold miners.

METOREX BOSS GRILLED AT EGM - Brendan Ryan
Source: Finance24.com
Posted: 29/12/2008 METOREX shareholders on Tuesday approved measures to refinance the company, but CEO Charles Needham was grilled in the general meeting by a private investor over the delay in raising funds. The cash-strapped company is raising R922m of which R700m is earmarked for completion of the Ruashi copper/cobalt project in the Democratic Republic of Congo (DRC). The balance of the funds are intended as working capital for the group. The investor, who declined to be identified afterwards and who said he owned 250 000 shares, demanded to know at what point METOREX management became aware of the problems at Ruashi. He pointed out Needham had told investors in August - when METOREX presented its results for the year to June - that things were going well at Ruashi.

GOLD FIELDS' OUTPUT PLAN ON TRACK - REUTERS
Source: Business Day
Posted: 29/12/2008 GOLD FIELDS LIMITED said on Tuesday it was on track to meet its 804 000 ounce output forecast for the second quarter of 2009. The company said group cash costs and notional cash expenditure were expected to be lower than guidance published in October due to favourable exchange rate movements, and that it was well placed to achieve a run rate of 1 million ounces per quarter in the near term. GOLDFIELDS, the world's no. 4 gold producer, said rehabilitation of steel infrastructure at the main shaft of its Kloof mine and expansion of the Tarkwa Carbon in Leach plant was on track to achieve full production build-up by early January. Shares in the company were up 4.48% at 10:35, slightly outpacing other gold miners.

GOLD FIELDS 'TO MEET SECOND-QUARTER TARGET' AS PRODUCTION INCREASES - Nicola Mawson
Source: Business Day
Posted: 29/12/2008 GOLD FIELDS, one of the world's largest unhedged producers of gold, said yesterday it was on track to meet its second-quarter target. The miner — which has nine operating mines in SA, Ghana, Australia and Peru — said it was on track to meet its previously stated target of 840000 oz in attributable production. The company expects to reach annual production of 4-million ounces by the March quarter.

GOLD FIELDS' OUTPUT PLAN ON TRACK - REUTERS
Source: Finance24.com
Posted: 23/12/2008 GOLD FIELDS LIMITED said on Tuesday it was on track to meet its 804 000 ounce output forecast for the second quarter of 2009. The company said group cash costs and notional cash expenditure were expected to be lower than guidance published in October due to favourable exchange rate movements, and that it was well placed to achieve a run rate of 1 million ounces per quarter in the near term.

BRIEFLY 6% RALLY FOR ANGLOGOLD ASHANTI - BLOOMBERG
Source: Business Day
Posted: 23/12/2008 ANGLOGOLD ASHANTI stock rose 6% yesterday morning to R255, 50 its biggest gain since December 10, but gave up the gain to end the day at R251, 08.

ANGLO PLEDGES R1M TO FIGHT CHOLERA - Business Day Reporter
Source: Business Day
Posted: 23/12/2008 ANGLO AMERICAN has pledged R1m for the cholera relief operation in Zimbabwe and Limpopo.

HARMONY BOLSTERS BALANCE SHEET - Brendan Ryan
Source: Finance24.com
Posted: 22/12/2008 HARMONY has taken advantage of the recent period of strength in South African gold equities to raise R979m through a share placement. The company said today it had placed 10.5 million shares between November 25 and December 19 at an average price of R93.20. The HARMONY share price subsequently pulled back below R85 while the prices of the South Africa's other two heavyweight gold producers - ANGLOGOLD ASHANTI and GOLD FIELDS - have also retreated. HARMONY CEO Graham Briggs said the placement was made as part of HARMONY'S strategy to have zero net debt by June 2009.