Gold, silver ETN launched on JSE
by Marc Ashton | 11-AUG-10 | 0 comments
A new way to invest directly in commodities, namely gold, silver and platinum, has been launched by Standard Bank. Read >R&E profit leaps to R792.8m
by I-Net Bridge | 04-AUG-10 | 0 comments
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. Read >Centamin Egypt output lower than expected
by Reuters | 29-JUL-10 | 0 comments
Gold miner Centamin Egypt has produced a lower than expected 30 236 ounces in the quarter to end June, but says it remains on track to produce 200 000 ounces in 2010. Read >First Uranium recovers some lost ground
by Brendan Ryan | 29-JUL-10 | 0 comments
First Uranium shares have staged a partial recovery from their recent lows on both the JSE and TSX in response to better news in the June quarter production report. Read >Randgold & Exploration eyes higher H1 earnings
by I-Net Bridge | 21-JUL-10 | 0 comments
Randgold & Exploration says earnings per share for the six months ended June 2010 will be between 1 050c and 1 105c per share greater than the comparative unaudited earnings per share of 1c per share for the six months ended June 2009. Read >Absa plans gold ETF expansion
by David McKay | 13-JUL-10 | 2 comments
Botswana is to get its first gold backed exchange traded fund with more planned for the rest of Africa, according to Absa which developed the R14.7bn NewGold ETF. Read >Burnstone plant start up delayed by 2 weeks
by I-Net Bridge | 12-JUL-10 | 0 comments
Great Basin Gold, the international mining company developing a gold mine on the Witwatersrand, says the start up of its Burnstone metallurgical plant will be delayed by two weeks. Read >More options on gold being offered
by Brendan Ryan | 12-JUL-10 | 1 comments
Gold bulls are being offered more long-shot investment options following the pioneering work of Wits Gold in exploring the unmined, deep-level resources left on the Witwatersrand. Read >Rio Tinto to lift Ivanhoe stake to 30pct
by SAPA | 30-JUN-10 | 0 comments
Anglo-Australian miner Rio Tinto says it will spend $393m acquiring more shares in Canada's Ivanhoe Mines to progress a landmark copper-gold project in Mongolia. Read >Bombs planted at Harmony mine
by Miningmx reporter | 29-JUN-10 | 0 comments
Harmony Gold has found bombs in the ventilation system of its Phakisa mine after an explosion killed four people last week. Read >SA to launch new mining charter on Wednesday
by Reuters | 29-JUN-10 | 15 comments
South Africa will launch a new mining charter on Wednesday to increase black ownership in the sector after the previous agreement failed to do so, the department of Mineral Resources says. Read >Pan African FY earnings up by 106-116pct
by I-Net Bridge | 28-JUN-10 | 0 comments
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. Read >Zimbabwe investigates New Dawn, CAG deal
by Reuters | 25-JUN-10 | 1 comments
Zimbabwe is probing New Dawn Mining Corp's acquisition of Central African Gold (CAG), a deal which a top ally of President Robert Mugabe says is against the country's empowerment law. Read >Auryx Gold nears TSX listing debut
by Allan Seccombe | 24-JUN-10 | 0 comments
Auryx Gold nears its Toronto bourse debut. It will bring to the market a Namibian gold prospect on which it will spend C$15m to bulk up resources and technical studies. Read >Gold eases but safe-haven bid to persist
by Reuters | 21-JUN-10 | 0 comments
Gold eases but safe-haven bid to persist. Read >An important milestone approaches
by Brendan Ryan | 18-JUN-10 | 0 comments
End-June is when key black economic empowerment issues in South Africa’s mining sector are supposed to be resolved – the most critical being concerns in funding the deals. Read >Harmony to scrap Nasdaq listing
by I-Net Bridge | 08-JUN-10 | 0 comments
Gold miner Harmony will terminate the listing of its American Depository Receipts on the Nasdaq bourse. Read >Galaxy Gold moves ahead with plans to list
by I-Net Bridge | 07-JUN-10 | 1 comments
New South African gold mining and exploration company Galaxy Gold has proved that it is progressing with its plans to list on the JSE by the third quarter of this year. Read >JCI eyes JSE return as it runs short of money
by Allan Seccombe | 04-JUN-10 | 0 comments
JCI, the company pursued for billions of rands by sister company Randgold & Exploration, is running short of cash, but it is looking at a variety of options to raise money. It is looking at a possible resumption of its JSE listing by year-end. Read >Simmers weighs alternatives to rights offer
by I-Net Bridge | 04-JUN-10 | 0 comments
Junior gold producer Simmer & Jack Mines says it is investigating alternative solutions to the proposed rights offer. Read >Randgold & Exploration's low-key JSE return
by Allan Seccombe | 04-JUN-10 | 0 comments
Randgold & Exploration, which was plundered for billions of rands by Brett Kebble, finally resumes trading on the JSE. New CEO Marais Steyn is keen to revive Randgold's fortunes in resources. Read >Gold may reach $1,400/oz: Investec
by Reuters | 02-JUN-10 | 0 comments
Gold may rise as high as $1 400 an ounce in 2010 as investors buy the metal as both a safe store of value and a haven from risk amid rising fears over sovereign debt, Investec says. Read >Jubilee advances platinum plant plans
by Allan Seccombe | 02-JUN-10 | 1 comments
Jubilee Platinum is moving rapidly to build a commercial plant to treat chrome-rich platinum concentrate, an important development in the South African platinum sector. Read >South African gold output falls hard
by Allan Seccombe | 02-JUN-10 | 2 comments
The news from South Africa's gold sector remains grim. Gold output has fallen again in the first quarter of the year as an inexorable slide in production continues. Read >Village Main Reef aims to raise up to R200m
by I-Net Bridge | 31-MAY-10 | 0 comments
Village Main Reef Gold Mining says it intends to raise between R150m and R200m to fund future acquisition opportunities. Read >Gold One gets further prospecting right
by I-Net Bridge | 27-MAY-10 | 0 comments
Junior miner Gold One has been granted a further prospecting right at its Ventersburg exploration project in the Free State. Read >Buffelsfontein stoppage costs Simmers 3,858oz
by I-Net Bridge | 25-MAY-10 | 0 comments
Simmer & Jack says it has lost about 3,858 ounces in gold production due to the temporary stoppage of its underground operations at Buffelsfontein Gold Mine. Read >Gold to resume uptrend on sovereign risk fears
by Reuters | 25-MAY-10 | 0 comments
Gold is seen ending the first half of this year above $1,200/oz by most respondents in a Reuters survey. The uptrend is expected to resume as sovereign risk fears linger. Read >SA needs $6.4bn for mine rehabilitation
by Reuters | 21-MAY-10 | 1 comments
South Africa needs $6.4bn to rehabilitate 6,000 defunct mines. Read >SA state miner mired in more controversy
by Brendan Ryan | 21-MAY-10 | 6 comments
South Africa's state mining firm targets another environmentally sensitive area for exploration, the latest in a string of controversial decisions. Is it being taken on a merry dance? Read >Gold Fields progresses with Aussie exploration
by I-Net Bridge | 20-MAY-10 | 0 comments
Gold Fields, one of South Africa's largest gold producers, has unveiled the progress it has made on the exploration front in Australia. Read >Modder East output seen at 100,000oz in 2010
by I-Net Bridge | 18-MAY-10 | 0 comments
Gold One International says it expects its flagship Modder East mine in South Africa to produce between 85,000 and 100,000 ounces of gold in 2010. Read >Platmin's project costs creep higher
by Allan Seccombe | 14-MAY-10 | 1 comments
Costs are nudging higher at Platmin's Pilanesberg platinum project as it targets 160,000 oz of platinum group metals this year and full production in early 2011. Read >Once more with feeling
by Brendan Ryan | 14-MAY-10 | 1 comments
The resurrection men are on the prowl with two new mining companies, which will list on the JSE and the ASX, to reopen old gold mines near Barberton. Read >Platinum miners unaffected by Zim strike
by Reuters | 14-MAY-10 | 0 comments
Platinum producers appear to escape the brunt of a wage strike in Zimbabwe which is hitting the gold sector hard. Read >Platinum may hit $2,000/oz in 6 months-JM
by Reuters | 14-MAY-10 | 0 comments
Rising investment may take platinum to $2,000 an ounce in the next six months, its highest since mid-2008, Johnson Matthey said in an annual report. Read >African Eagle, Macquarie Harbour in gold JV
by I-Net Bridge | 14-MAY-10 | 0 comments
African Eagle Resources and ASX-quoted minerals group Macquarie Harbour Mining have signed a Letter of Intent to enter a joint venture to develop a gold mine at African Eagle's Miyabi project in Tanzania. Read >Gold too hot for Indian buyers, but some investing
by Reuters | 14-MAY-10 | 2 comments
Demand for gold melts on the eve of a big Indian gold-buying festival as record prices deter many, but some see investment potential. Read >Another milestone reached at Burnstone Mine
by I-Net Bridge | 13-MAY-10 | 0 comments
Great Basin Gold says that it has reached yet another milestone at its Burnstone mine development project in Mpumalanga, with the completion of the raise boring phase, of the ventilation shaft. Read >Gold One pours first tonne of gold at Modder East
by I-Net Bridge | 13-MAY-10 | 0 comments
Gold One International has announced that a dore gold bar of approximately 20kg of fine gold was poured at its Modder East mine, thereby completing the production of its first tonne (32,105 ounces) of gold. Read >Banro raising C$125m for gold project
by Miningmx reporter | 12-MAY-10 | 0 comments
Gold explorer Banro is raising C$125m towards a 100,000 oz/year gold project in the Democratic Republic of Congo. Production is forecast in fourth quarter 2011. Read >Gold Fields hits jackpot in Peru
by Brendan Ryan | 11-MAY-10 | 1 comments
Hot on the heels of Harmony’s promising Papua New Guinea find, Gold Fields has released details of a major gold strike in South America. Read >GoldFields, Buenaventura discover gold in Peru
by I-Net Bridge | 11-MAY-10 | 0 comments
Chucapaca's joint venture partners, Gold Fields and Compania de Minas Buenaventura S.A.A. (49%), have discovered a major gold-copper-silver deposit in their Chucapaca project area in southern Peru. Read >Harmony may list Evander
by Brendan Ryan | 10-MAY-10 | 0 comments
Harmony may spin its Evander mines out through a separate listing, as part of the further restructuring of the group. Read >Harmony strikes it rich in PNG
by Brendan Ryan | 10-MAY-10 | 0 comments
Harmony CEO Graham Briggs has labelled the group’s Wafi/Golpu project in Papua New Guinea a “major company maker”, after some spectacular drill results. Read >Gold Fields' South Deep gets new mining rights
by I-Net Bridge | 10-MAY-10 | 0 comments
Gold Fields has announced that the Department of Mineral Resources has approved the conversion of the South Deep old order mining right into a new order mining right. Read >SA gold industry enters final chapter
by David McKay | 09-MAY-10 | 4 comments
Two of South African gold industry's flag bearers, AngloGold Ashanti and Gold Fields, are each trying to eke out the best of what's left of thinning economic reserves. Read >Platinum ETF for South Africa
by Reuters & Miningmx reporter | 07-MAY-10 | 0 comments
South Africa's bourse will launch a platinum exchange-traded fund in coming months to capitalise on demand for commodities. Read >Cost alarm at Gold Fields SA mines
by Brendan Ryan | 07-MAY-10 | 1 comments
The March quarterly results from Gold Fields underline just how poorly the group's SA mines are performing on costs and production levels compared with its mines in South American and Ghana. Read >Six workers die on SA mines
by Reuters | 06-MAY-10 | 0 comments
Six workers die on South African mines this week. Read >Kinross gold deal good for Africa
by Brendan Ryan | 06-MAY-10 | 0 comments
Randgold Resources CEO Mark Bristow reckons the investment by gold heavyweight Kinross into junior Red Back Mining is good for Africa as well as for his own group. Read >Randgold's earnings fall
by Brendan Ryan | 06-MAY-10 | 0 comments
Gold sector high-flyer Randgold Resources hit a few operating problems in the March quarter which knocked production and earnings. Read >Kinross buys C$600m stake in Red Back
by Allan Seccombe | 05-MAY-10 | 1 comments
Kinross Gold buys a C$600m stake in Red Back, giving it exposure to two mines in West Africa. Some analysts question whether the money couldn't have been better spent elsewhere. Read >Gold One lowers full-year target by 15,000oz
by Allan Seccombe | 05-MAY-10 | 0 comments
UPDATED - Gold One loses output worth between R40m and R50m in a month-long strike at its flagship South African mining, which pushed down the full-year production target by 15,000 oz. Read >Newcrest lands Lihir Gold with $8.4bn offer
by Reuters | 04-MAY-10 | 0 comments
Newcrest creates the world's fourth-largest gold mining company with its $8.4bn bid for Lihir Gold. Read >Mine firms may have to "facilitate" BEE deals
by Allan Seccombe | 30-APR-10 | 4 comments
UPDATED - Minimum levels of facilitation may be set for mining companies in South Africa to financially assist black partners in empowerment deals after the general failure to create wealth in the first wave of transactions. Read >Gold hits 2010 high
by Reuters | 30-APR-10 | 0 comments
Gold hits its highest level this year, breaking through $1,170/oz, as the euro strengthened and investors fretted about sovreign debt. Read >Gold Fields ups Damang output 20 pct
by Allan Seccombe | 30-APR-10 | 0 comments
Gold Fields is to lift gold output at the Damang mine in Ghana by 20% to 240,000 oz over coming quarters as its strives to reach one million ounces of annual production in West Africa over the next five years. Read >Greek crisis stalks oil, copper; gold bugs poised
by Reuters | 28-APR-10 | 1 comments
Gold prices in euros and sterling near record highs as fears of a Greek default on debt repayments push down oil and copper prices. Read >Gold bulls tackle GFMS
by Brendan Ryan | 28-APR-10 | 0 comments
Gold is heading back towards $1,200 and gold "guru" Martin Murenbeeld reckons the bearish sentiment towards the metal from authoritative consultancy GFMS is being overdone. Read >SA 'richest' country in the world
by Sake24 | 28-APR-10 | 8 comments
South Africa has the biggest mineral reserves of any country, according to research by the American banking group Citigroup. Read >Chavez threatens to nationalise gold mines
by Associated Press | 26-APR-10 | 2 comments
Venezuela President Hugo Chavez threatens to nationalise gold mines operating in that country, accusing them of damaging the environment and violating workers' rights. Read >Holland resorts to merger heroics
by David McKay | 25-APR-10 | 2 comments
Some doubt Gold Fields can separately list its South African assets or combine them with AngloGold Ashanti's local mines. So what's the beef with Nick Holland's "high level talks"? Read >DRDGold CEO speaks on Aurora
by Brendan Ryan | 23-APR-10 | 0 comments
DRDGold CEO Niel Pretorius is critical of the role played by the advisers to Aurora Empowerment Systems in the failed deal to buy 60% of the group's Blyvooruitzicht mine. Read >DRDGOLD prioritises Ergo integration
by Brendan Ryan | 23-APR-10 | 0 comments
DRDGOLD sets the integration of the Ergo dump retreatment project with its existing Crown Mine operations and the restoration of underground grades at Blyvooruitzicht as its priorities. Read >Tougher empowerment enforcement in SA
by Allan Seccombe | 22-APR-10 | 13 comments
South Africa will crack down on mining firms not racially transforming their businesses as the government advances its involvement in the sector and tries to position the industry for growth. Read >Gold One strike is over
by Allan Seccombe | 22-APR-10 | 0 comments
Gold One says a month-long strike that cut gold output by half is over and workers will return to their posts on 28 April. Read >Pallinghurst
by | 22-APR-10 | 0 comments
The MiningMX team learns more about Pallinghurst’s ability to raise $100m and finds out more about the performance of gold stocks. 11:21 Read >Gold One strike goes on despite union claims
by Allan Seccombe | 21-APR-10 | 2 comments
Confusion swirls around the status of Gold One's month-long strike as the union says workers have reported for duty and the company says they most certainly haven't. Read >Platinum surges to two-year high
by Reuters | 21-APR-10 | 0 comments
Platinum surges to a two-year- high on strong auto demand and investor interest. Read >Gold Fields extends South Deep shaft
by Sapa | 21-APR-10 | 0 comments
Gold Fields triggers the deepening of the South Deep ventilation shaft to more than double hoisting capacity and move towards its 800,000 oz/year output by end-2014. Read >SA gold sector at a tipping point
by Brendan Ryan | 21-APR-10 | 2 comments
Gold Fields CEO Nick Holland believes South Africa's gold sector could be "tipped over the edge" and thousands more jobs lost unless there are significant increases in productivity. Read >Settlement at Gold One?
by Miningmx reporter | 20-APR-10 | 0 comments
What's up at Gold One? A media visit to the Modder East mine, where a month-long strike is underway, has been cancelled at the last minute. There are hints of something positive about to develop. Read >Strike threat to SA ports, rail
by Reuters | 20-APR-10 | 0 comments
Failed wage talks could cripple South African port and rail infrastructure, warns a transport union. Read >SA slides in global mining rankings
by Dewald van Rensburg | 20-APR-10 | 1 comments
A global survey shows South Africa is fast becoming one of the least popular destinations for mining investment. Read >Strike tempers Gold One after strong Q1
by I-Net Bridge | 19-APR-10 | 0 comments
Gold One reports a one-fifth increase in gold output from its South African mines for the first quarter, but it dealing with a rolling strike that has knocked production sharply lower since then. Read >Gold hits two-week low after Goldman news
by Reuters | 19-APR-10 | 0 comments
Goldman Sachs fraud developments hurt gold. Read >Harmony shuts three more shafts
by Allan Seccombe | 16-APR-10 | 2 comments
Harmony shuts three shafts, bringing to seven the number of marginal shafts it has closed in five months, stripping some 170,000 oz of out its production profile. It says 3,700 jobs are affected. Read >Warning bells sounded for gold
by Allan Seccombe | 15-APR-10 | 5 comments
A retreat in investment interest in gold hangs like the Sword of Damocles over the gold market, which, if it falls, can inflict serious damage on the production side of the market. Read >Burnstone delivery for June 2010 on track
by I-Net Bridge | 14-APR-10 | 0 comments
Great Basin Gold, the international mining company developing a gold mine on the Witwatersrand, says that the target date for delivery of the Burnstone Mine in South Africa remains the end of June 2010. Read >A "hefty drop" in the gold price is on the cards
by Allan Seccombe | 14-APR-10 | 16 comments
The gold price is in its "end game" and a substantial drop in the price is in the offing in the next year or more to bring the market back into equilibrium, warns GFMS. Read >Concerns about SA mining standards
by Sapa | 14-APR-10 | 0 comments
Companies not adhering to basic safety standards is one of the biggest problems in South African mining, says DuPont after 24 people are killed so far this year. Read >Gold One can sit out a long strike - Froneman
by | 14-APR-10 | 0 comments
Gold One is producing gold profitably with just 20% of its workforce and can sit out a strike for a long time, says CEO Neal Froneman. Read >SA mining potential crippled, solutions sought
by Allan Seccombe | 13-APR-10 | 4 comments
South Africa's mining sector forfeited billions of rands because of a host of problems that have been identified which, if resolved, could add another 100,000 jobs to the industry and bump up output. Read >Aurora pays miners outstanding wages
by I-Net Bridge | 09-APR-10 | 3 comments
Aurora Empowerment Systems has confirmed that is has settled outstanding wages owing to miners of its Grootvlei operations in Springs. Read >Aurora promises to pay wages by Friday
by I-Net Bridge | 08-APR-10 | 0 comments
The National Union of Mineworkers (NUM) says beleaguered empowerment company Aurora Empowerment Systems has promised to pay its Grootvlei workers by Friday. Read >Pan African: 97 000oz gold output in 2010
by I-Net Bridge | 08-APR-10 | 0 comments
Pan African Resources, the African-focused gold mining company, says its Barberton Mines are on track to produce 97 000 ounces of gold for the full financial year 2010. Read >Gold One output halved as strike drags on
by Allan Seccombe | 06-APR-10 | 0 comments
Gold One is operating at half its normal volumes as a wage and living conditions strike threatens to drag on indefinitely. Read >Miner killed at AngloGold's Tau Lekoa mine
by I-Net Bridge | 01-APR-10 | 0 comments
AngloGold Ashanti has reported the death of a mineworker following a gas ignition incident at its Tau Lekoa mine in the Vaal River area of South Africa. Read >Lihir spurns Newcrest's $8.5bn advance
by Reuters | 01-APR-10 | 0 comments
Lihir Gold rejects a $8.5bn takeover offer from Newcrest Mining to create a company with larger output than world number three AngloGold Ashanti. Read >Changes pending for SA mining laws
by Allan Seccombe | 31-MAR-10 | 3 comments
The first of a tough round of talks about the health of the South African mining sector ends ahead of changes to the mining charter and a raft of amendments to legislation early next year to make the industry more competitive. Read >Randgold prepares for next growth stage
by I-Net Bridge | 31-MAR-10 | 0 comments
International gold mining and exploration company Randgold Resources has laid the foundation for its next growth stage, chairperson Philippe Liétard says in the company's 2009 annual report. Read >Harmony production decreases
by I-Net Bridge | 31-MAR-10 | 0 comments
Harmony Gold Mining said it expects gold output for the March quarter to fall by up to 1,300kg because of shaft closures and lower mine production. Read >SA mining gears up for major talks
by Allan Seccombe | 29-MAR-10 | 1 comments
South Africa's mines minister concedes the sector took its eye off the ball and missed the last commodities boom. The sector is meeting this week to make sure that doesn't happen again. Read >Gold hits a one-week high
by Reuters | 29-MAR-10 | 0 comments
Gold hits a one-week high due to strong physical buying and a falling dollar. Read >Temasek invests $100m in Platmin
by Allan Seccombe | 29-MAR-10 | 1 comments
UPDATED - Singapore's Temasek invests $100m in Platmin, marking what promises to be the first of a number of investments in South Africa. Platmin is to raise a further $250m in a rights issue. Read >Gold Fields eyes Q3 output of 800koz
by I-Net Bridge | 26-MAR-10 | 0 comments
Gold Fields has announced that attributable Group gold production for Q3 F2010 is expected to be approximately 800koz, in line with the revised guidance issued on 23 February 2010. Read >New First Uranium CEO speaks on plans
by Miningmx | 26-MAR-10 | 0 comments
The Miningmx team speaks to new First Uranium CEO Deon van der Mescht about the company and its largest shareholder Simmer & Jack, a junior gold miner. We get a view on the Sishen mine dispute from the Department of Mineral Resources. Read >AngloGold secures a second Congo project
by Allan Seccombe | 26-MAR-10 | 0 comments
AngloGold Ashanti has finalised a joint venture with Congolese state miner Okimo over the Kilo prospect, giving it a second major project in the DRC. Read >A fatal accident at a Harmony mine
by Reuters | 25-MAR-10 | 0 comments
Harmony reports a fatal accident at its Merriespruit mine. Read >Metorex puts in an extra Ruashi hedge
by Allan Seccombe | 25-MAR-10 | 0 comments
With more than R586m flowing into the company, Metorex has put in an extra copper hedge at its Ruashi project to ensure it can repay a $100m loan if the metal's price falls. Read >First Uranium ops lose value
by Dewald van Rensburg | 24-MAR-10 | 0 comments
New valuations of the embattled First Uranium's two operating divisions show their net value have fallen dramatically. Read >African Barrick Gold IPO disappoints
by Reuters | 21-MAR-10 | 0 comments
African Barrick Gold has raised only £581m through its listing in London, a sign that investors remain cool to such large stock market debuts. Read >Union threatens Gold One strike
by Allan Seccombe | 16-MAR-10 | 1 comments
South Africa's largest mining union threatens strike action at Gold One's Modder East mine over a dispute over a wage settlement and living out allowances. Read >AngloGold holds world's largest hedge book
by I-Net Bridge | 16-MAR-10 | 0 comments
Gold producer AngloGold Ashanti is the holder of the world's largest hedge book after rival Barrick Gold closed out the remainder of its gold fixed price forward sales in the last quarter of last year. Read >Sovereign risk fears drives gold higher
by Reuters | 15-MAR-10 | 0 comments
Rising fears over sovereign debt after a Moody's report and a currency row between China and the United States prompts buying of gold. Read >First Uranium shake up marks fund raising
by Allan Seccombe | 12-MAR-10 | 1 comments
First Uranium, which is raising up to C$150m, is undergoing a massive shakeup that entails the replacement of its CEO and relocation to South Africa to address a litany of woes that have beset the business. Read >South Africa slips to 4 in gold rankings
by Allan Seccombe | 12-MAR-10 | 5 comments
South African gold output falls nearly six percent in 2009 to 205 tonnes, leaving it in fourth place in global stakes. Read >ETF threat hangs over gold
by Allan Seccombe | 08-MAR-10 | 13 comments
The gold-backed exchange-traded funds (ETFs), which bolstered prices and provided a valuable source of demand at the height of the economic crisis, could play a critical role in prices this year. Read >Silver could break $50 within 3 years
by I-Net Bridge | 04-MAR-10 | 1 comments
Silver has the potential to break its previous highs of around $50 within the next 3 years, and at current levels it looks totally undervalued, Lakeshore Trading precious metals analyst David Levenstein says. Read >Platinum Aus. to resume mining next week
by Miningmx reporter | 04-MAR-10 | 0 comments
Platinum Australia says this week's strike should be over by Monday as a contractor grapples with its workers. The platinum junior's shares have taken a smack. Read >Metorex trends in the right direction
by Allan Seccombe | 02-MAR-10 | 0 comments
Metorex is trending in the right direction at its copper and cobalt projects despite a forecast blip in the March quarter due to adverse weather and electrical problems at its Ruashi plant. Read >Central Rand Gold remains optimistic
by Brendan Ryan | 01-MAR-10 | 1 comments
Central Rand Gold is optimistic about results from its first trial mining operation, but with its track record of severe non-delivery the market still needs a lot of convincing. Read >'Eskom hikes won't impact mining ratings'
by I-Net Bridge | 26-FEB-10 | 0 comments
Ratings agency Fitch Ratings says it did not expect the outcome of the electricity tariff review alone to result in any rating changes in the South African mining sector in 2010. Read >First Uranium soars on tailings news
by Allan Seccombe | 26-FEB-10 | 2 comments
First Uranium is granted permission to continue with its tailings storage site, sending its shares soaring. It says its finances remain tricky and that it's in talks with potential strategic investors. Read >Gold miners hardest hit by tariff hikes: BDO
by I-Net Bridge | 25-FEB-10 | 0 comments
Gold mining companies with deep-level mines were expected to be hit hardest by Eskom's tariff increases, accountancy network BDO says. Read >Gold price: $1 300/oz in 6 months
by I-Net Bridge | 25-FEB-10 | 0 comments
There are both headwinds and tailwinds influencing the gold price, but the positives - combined with the degree of investment demand from wealthier investors - should outweigh the negatives, says Investec Asset Management. Read >Gold groups heave sigh of relief
by Brendan Ryan | 24-FEB-10 | 2 comments
Gold Fields and Harmony are relieved the 24.8% power hike awarded by Nersa is not the 35% demanded by Eskom but point out it is still going to have an adverse impact on operations. Read >Gold Fields lowers gold outlook, again
by Allan Seccombe | 23-FEB-10 | 1 comments
Moves to address safety at Kloof mine forces Gold Fields to knock 42,500 oz off its already lowered March quarter production forecast. It now stands at 807,500 oz. Read >Polluted mine water under scrutiny
by Allan Seccombe | 22-FEB-10 | 5 comments
South Africa to set up a private-public partnership entity to treat polluted mine water, conceding the matter must be dealt with urgently. There's a private company that must be an obvious choice. Read >Unions get firm with Aurora Gold
by I-Net Bridge | 22-FEB-10 | 1 comments
Aurora Gold Orkney, which took over operations at Pamodzi's Number Four Mine Shaft after the company was liquidated, has come under strong condemnation from the trade unions Cosatu and National Union of Mineworkers. Read >AngloGold suspends Iduapriem mine
by Reuters & Miningmx reporter | 19-FEB-10 | 1 comments
AngloGold suspends operations at 190,000 oz/year Iduapriem mine over tailings problems. Read >Simmers gold output down 13%
by I-Net Bridge | 19-FEB-10 | 0 comments
Junior gold producer Simmer & Jack Mines reportes December quarter production of 29 040 ounces, which is 13% lower than the 33 301 ounces reported in the September quarter. Read >Barrick to separately list African assets
by Reuters | 19-FEB-10 | 0 comments
Barrick says it will spin off its African assets into an LSE-listed vehicle. Read >Gold markets keep demand over $100bn
by I-Net Bridge | 18-FEB-10 | 0 comments
In 2009, dollar demand for gold remained above the $100bn mark for the second year in succession against the backdrop of continued turbulence in financial and commodity markets, says the World Gold Council. Read >Soros doubled gold ETF investment
by Reuters | 17-FEB-10 | 0 comments
Billionaire investor George Soros' hedge fund more than doubled its bet on the price of gold during the fourth quarter. Read >Harmony Gold denies Harmony Gold Corp ties
by I-Net Bridge | 16-FEB-10 | 0 comments
SA gold miner Harmony Gold Mining Company says it is not associated or affiliated in any way with Harmony Gold Corp, a Vancouver-based company currently drilling for gold in Alaska. Read >Harmony Gold or is that Harmony Gold Corp?
by Miningmx | 12-FEB-10 | 0 comments
What's all this, someone in Canada may be in trouble for taking the Harmony Gold name. One of the world's top commodity traders opens the doors to the fourth estate. Why on earth do that? Read >DRDGOLD outlines its Zimbabwe gold bet
by Allan Seccombe | 11-FEB-10 | 3 comments
DRDGOLD makes a small investment to explore a Zimbabwean gold deposit it shares with a senior government official. It will bring its Blyvoor mine out of judicial management in March this year. Read >SA 2009 mining output falls -6.7%
by I-Net Bridge | 11-FEB-10 | 0 comments
South African mining production has declined -6.7% year-on-year in 2009 after falling -5.6% y/y in 2008, data released by Stats SA Thursday shows. Read >DRDGOLD's surface operations to the rescue
by Allan Seccombe | 11-FEB-10 | 0 comments
DRDGOLD's surface operations steer the group out of a loss-making position. It's remaining underground mine continues to bleed. Read >Pan African goes to war
by Brendan Ryan | 10-FEB-10 | 0 comments
The December interim briefing from Pan African sounded like a combat report from a war front as CEO Jan Nelson detailed the steps being taken against illegal miners. Read >Pan African earnings inch up
by I-Net Bridge | 10-FEB-10 | 0 comments
Gold mining company Pan African Resources reports diluted headline earnings per share of 0.36 pence for the six months to end December 2009, from 0.35 pence a share for the same period the year before. Read >Harmony: rand gold price flat in 2010
by I-Net Bridge | 08-FEB-10 | 0 comments
Harmony Gold Mining, South Africa's third largest gold producer, says it believes that the rand per kilogram (R/kg) gold price will most likely remain flat for the next 12 months. Read >Simmers reviewing First Uranium options
by I-Net Bridge | 08-FEB-10 | 0 comments
Junior gold producer Simmer & Jack Mines says its newly configured board is reviewing the company's options with regard to its 37% holding in subsidiary First Uranium. Read >Harmony Gold output dips, profit up
by Allan Seccombe | 08-FEB-10 | 0 comments
Harmony Gold strips out loss-making ounces, reducing quarterly production, but the rand gold price and lower power costs help propel the company to a profit. Read >Gold Fields aims for 1m oz a quarter
by I-Net Bridge | 04-FEB-10 | 1 comments
Gold Fields, the world's fourth largest gold producer, says it is still aiming to produce 1 million ounces a quarter. Read >Ian Cockerill's next move
by Brendan Ryan | 04-FEB-10 | 0 comments
Former Anglo Coal and Gold Fields CEO Ian Cockerill has joined an unlisted gold exploration junior operating in Liberia and is about to decide on further work commitments. Read >Rand Uranium plans R3.5bn project
by Allan Seccombe | 04-FEB-10 | 0 comments
Rand Uranium plans to bring a R3.5bn project into production in 2013 to supply up to 2.5 million pounds of U3O8 and 220,000oz of gold annually. Read >Gold Fields acts on falling gold output
by Allan Seccombe | 04-FEB-10 | 1 comments
UPDATED - Gold Fields is talking to the South African mines ministry about "punitive" safety shut downs to prevent the temporary closure of mines as it addresses falling gold production. Read >IAMGOLD sets sights on 1moz for 2010
by Allan Seccombe | 03-FEB-10 | 0 comments
Canada's IAMGOLD reckons it will produce a million ounces or more of gold this year, but much depends on a successful start up of its Essakane project. Read >AngloGold wants lower power hikes
by I-Net Bridge | 02-FEB-10 | 0 comments
AngloGold Ashanti, South Africa's largest gold producer, says it is still holding out for a reduction in the electricity price hikes scheduled to kick in this year. Read >Randgold spells out requirements
by Brendan Ryan | 02-FEB-10 | 0 comments
Randgold Resources CEO Mark Bristow has laid out his group's requirements to develop a new project and why Kibali in the Democratic Republic of Congo meets them. Read >World gold production to stabilise
by Brendan Ryan | 01-FEB-10 | 0 comments
The surge in the gold price has resulted in the development of a number of new large mines which will temporarily halt the overall declining trend in world gold output. Read >Good prospects for gold
by Brendan Ryan | 01-FEB-10 | 1 comments
Gold gurus Martin Murenbeeld and Paul Walker remain bullish on gold's prospects in the short term but Walker is more cautious over the metal's longer-term outlook. Read >Relative calm falls on Simmers
by Sikonathi Mantshantsha | 01-FEB-10 | 0 comments
An agreement to reconstitute the board of Simmer & Jack Mines was agreed at its annual general meeting - a position that represents a state of relative calm for the strife-riven company. Read >Bernard Swanepoel's first platinum play
by Allan Seccombe | 29-JAN-10 | 5 comments
Village Main Reef Gold Mining Company, which has Bernard Swanepoel as a director, is issuing R411m worth of shares to buy a controlling stake in a platinum project. Read >Gold quarterlies loom. Who's going to do what.
by | 29-JAN-10 | 0 comments
The MiningMx team talks to Sanlam Investment Management's Shoaib Vayej about the gold quarterlies, and Brendan Ryan reports from the McCloskey Coal and Export Conference in Cape Town. Read >Metorex in $100m equity raising
by Allan Seccombe | 29-JAN-10 | 1 comments
Metorex is raising R750m in a rights issue and is putting in place a $100m revised debt package at its flagship Ruashi copper project. Read >DRDGOLD in Zimbabwe foray
by Allan Seccombe | 29-JAN-10 | 1 comments
DRDGOLD turns in an improved performance in the December quarter and is tentatively looking at gold opportunities in Zimbabwe. Read >Gold is the "ultimate asset bubble" - Soros
by Miningmx reporter | 28-JAN-10 | 0 comments
Gold is the "ultimate asset bubble", says George Soros. Read >Platinum, palladium shine in 2010-11
by Reuters | 27-JAN-10 | 0 comments
Platinum, palladium shine in 2010-11; demand blooms. Read >Gold, silver set to rise strongly this year
by Reuters | 27-JAN-10 | 0 comments
Gold prices are projected to be 13% higher in 2010 vs 2009 and then flatten in 2011. Silver is forecast to rise 24% in 2010. Read >Australian gold beckons Harmony again
by Allan Seccombe | 26-JAN-10 | 0 comments
Harmony launches a study into re-opening Mt Magnet in Australia, potentially adding 100,000 oz/year of relatively high cost gold to its profile. Read >Harmony streamlines ops, targets growth
by Allan Seccombe | 26-JAN-10 | 1 comments
UPDATED - Harmony Gold, which has shut down four shafts, says gold production dipped in the December quarter but this was offset by higher metal prices. It details two growth areas. Read >Layoffs knock Dubai gold market
by Reuters | 25-JAN-10 | 0 comments
Dubai gold demand is weakened by worker layoffs, particularly of employees from South Asia. The gold price could fall through $1,000/oz if India and China halt reserve purchases of the metal. Read >Will Aurora make it?
by The Miningmx team | 25-JAN-10 | 0 comments
DRDGOLD's Niel Pretorius is our guest this week and the team delves into Aurora, the outlook for commodity prices and next month's Mining Indaba. Read >CRG poised for large capital raising
by Allan Seccombe | 22-JAN-10 | 0 comments
Central Rand Gold wants to raise up to $35m after a trial mining period to prove concepts that could change the financials of its project near Johannesburg. Read >DRDGold cleans up at Ergo
by Brendan Ryan | 21-JAN-10 | 1 comments
DRDGold now has outright ownership of the Ergo gold tailings retreatment scheme which consolidates its new strategy of focussing on recovering gold from surface dump deposits. Read >Frank Abbott stays on at Harmony
by Miningmx reporter | 21-JAN-10 | 0 comments
Frank Abbott stays on at Harmony. Read >Drastic steps needed to reach safety target
by I-Net Bridge | 20-JAN-10 | 0 comments
Huge challenges for South African mines to reach zero fatalities by 2013. Read >Platinum and palladium prices rocket
by Reuters | 19-JAN-10 | 0 comments
Investment demand fuels rally in platinum prices to an 18-month high and palladium to a 17-month peak. Read >Zimbabwe upholds power export deal
by Reuters | 19-JAN-10 | 0 comments
Zimbabwe says upholding Namibia power export deal. Read >Rand Uranium takes on illegal miners
by Allan Seccombe | 18-JAN-10 | 0 comments
Rand Uranium pours millions of rands into combating illegal mining as it finalises a feasibility study into becoming a uranium and gold producer. Read >Gold poised for fresh record high
by Allan Seccombe | 13-JAN-10 | 1 comments
Gold is set to break above $1,200/oz to fresh highs by the middle of this year as investors pour cash into the metal over concerns about the global economy and inflation. Read >SA platinum sector shows "signs of life"
by Nicole Rego | 13-JAN-10 | 0 comments
TWP is seeing signs of life in the development of projects in the South African platinum sector, but a strong rand and access to finance are still a cause for concern. Read >Zimbabwe halts power to Namibia
by Reuters | 13-JAN-10 | 0 comments
Zimbabwe's government has ordered power utility ZESA to stop electricity exports to Namibia. Read >CAG bets the farm on Zimbabwe gold
by Allan Seccombe | 12-JAN-10 | 3 comments
Beleaguered Central African Gold is staking its future on making a success of run-down mines in Zimbabwe as the operating environment there begins improving leading to a resurgence in gold output. Read >Zimbabwe gold output soars
by AFP | 11-JAN-10 | 0 comments
Zimbabwean gold production in 2009 soars, but is still curtailed by erratic power supply and a shortage of working capital. Read >Platinum returns to 16 month high
by Reuters | 11-JAN-10 | 0 comments
Precious metals picked up their heads on Monday, particularly platinum which moved to price levels last seen in August 2008. Read >Platinum returns to 16 month high
by Reuters | 11-JAN-10 | 0 comments
Precious metals picked up their heads on Monday, particularly platinum which moved to price levels last seen in August 2008. Read >Simmers appoints interim board
by I-Net Bridge | 10-JAN-10 | 0 comments
Vusi Khanyile will be chairman of Simmer & Jack Mines' interim board with Gordon Miller, CEO, also stepping down. Read >Resources was 'belle of ball' in '09
by I-Net Bridge | 08-JAN-10 | 0 comments
The JSE's resources index gained 82.9% since its low in November with another startlingly good performance in the fourth quarter of calendar 2009. Read >2009: The year of the commodity rebound
by Reuters | 31-DEC-09 | 0 comments
But analysts reckon that in 2010 there will be more emphasis on macro-economic issues and less on commodities. Read >Curious interest in silver, expropriation
by David McKay | 29-DEC-09 | 1 comments
What were Miningmx's best read articles in 2009? You'd be surprised to hear silver and a curious claim for expropriation interested you more than gold's amazing run to $1,200/oz. Read >Gold's prospects turn on influential dollar
by I-Net Bridge | 29-DEC-09 | 1 comments
The dollar remains influential in the fortunes of gold with some analysts claiming the metal's recent highs are not sustainable. Yet the gold rally is not expected to end soon. Read >Simmers confirms February showdown date
by I-Net Bridge | 24-DEC-09 | 1 comments
Simmer & Jack Mines had set aside February for a general meeting in which it hoped to resolve shareholder differences on its board composition. Read >Mwana sells 70% stake in Konongo
by I-Net Bridge | 21-DEC-09 | 0 comments
Multi-commodity resources company Mwana Africa has sold its 70% stake in the Konongo gold exploration asset in Ghana. Read >Gugu Msibi resigns from Simmers
by I-Net Bridge | 18-DEC-09 | 0 comments
Gugu Msibi has resigned, with immediate effect, and the chair of the Simmers interim board of directors has received and accepted the resignation, says the company. Read >Simmers checks Aurora's credentials
by Miningmx | 18-DEC-09 | 0 comments
Will Simmer & Jack Mines find out who's backing Aurora Empowerment Systems, asks The X Factor? And what of the many trials still standing in the way of Wesizwe Platinum's Mike Solomon? Read >Eskom threat to miners
by Brendan Ryan | 14-DEC-09 | 1 comments
JP Morgan reckons platinum miners are better placed than gold miners to cope with the "Eskom shock" factor but both are going to suffer. Read >JP Morgan backs precious metals
by Brendan Ryan | 14-DEC-09 | 2 comments
It’s “game on” for SA platinum miners while SA gold equities should outperform the metal over the next six months according to JP Morgan analysts Steve Shepherd and Allan Cooke. Read >Vulisango rejects Simmers interim board
by Miningmx reporter | 14-DEC-09 | 1 comments
Valence Watson, CEO of Vulisango Holdings, has slapped down a proposal by Simmer & Jack Mines for an interim board, Business Day reports. Read >Simmers in shock board upheaval
by David McKay | 11-DEC-09 | 1 comments
Simmer & Jack Mines has taken the decisive action to reconstitute its board in the new year, a development it hopes will help reveal the motives of its unsettled empowerment partner, Vulisango Holdings. Read >Mwana Africa's losses drastically decrease
by I-Net Bridge | 10-DEC-09 | 0 comments
Commodity recources company Mwana Africa reports a significant narrowing of its interim loss compared with the losses from a year ago. Read >Kalahari Minerals upbeat about results
by I-Net Bridge | 09-DEC-09 | 0 comments
Kalahari Minerals reports "exceptional" drilling results from Rossing South. Read >First Uranium closes transaction
by I-Net Bridge | 08-DEC-09 | 0 comments
First Uranium Corporation has closed a previously announced transaction with Gold Wheaton (Barbados) Corporation. Read >Gold drives higher, breaking fresh records
by Reuters | 02-DEC-09 | 0 comments
Gold hit a record high for the second straight day as the dollar remained weak and economic uncertainty, underscored by Dubai's debt woes, supported the metal as a safe-haven asset. Read >Barrick closes entire hedge book
by Reuters | 02-DEC-09 | 0 comments
Barrick completely eliminates its hedge book, sending its shares soaring. Read >One dead on Harmony mine
by I-Net Bridge | 30-NOV-09 | 0 comments
A worker killed at Harmony's Merriespruit mine. Read >Gold rockets in "perfect storm"
by AFP | 30-NOV-09 | 0 comments
Gold prices have rocketed to record heights close to $1 200 an ounce as a "perfect storm" of market conditions propels demand for the precious metal, say analysts. Read >Gold price eases Harmony's woes
by Miningmx | 26-NOV-09 | 0 comments
Graham Briggs tells us whether the record high dollar gold price will delay shaft closures and Absa Capital's Vladimir Nedeljkovic explains the launch of a platinum and silver investment product. Read >S.Africa to launch platinum/silver product
by Allan Seccombe | 25-NOV-09 | 2 comments
South African investors will from next year be able to invest in platinum and silver exchange-traded notes. The product will be offered by the same bank that launched a very successful gold-backed ETF. Read >Gold bursts through $1,167
by Reuters | 23-NOV-09 | 0 comments
Gold burst through $1,167/oz on further dollar weakness. Read >AngloGold/De Beers target New Zealand
by Reuters | 20-NOV-09 | 0 comments
AngloGold Ashanti and De Beers will start an offshore search for gold off the coast of New Zealand as part of their newly formed joint venture. Read >The battle with illegal miners intensifies
by Allan Seccombe | 20-NOV-09 | 1 comments
Violence, bribery, danger and lawlessness could be spreading on South African gold mines appears to be spreading as gold thieves take greater control of disused mine shafts. Read >JP Morgan targets gold at $1300
by Brendan Ryan | 20-NOV-09 | 0 comments
JP Morgan likes the move by US financier John Paulson to launch a pure-play gold fund particularly as Paulson was one of the few investors on the right side of the sub-prime mortgage market. Read >Union opposes Metorex layoffs
by I-Net Bridge | 19-NOV-09 | 0 comments
Trade union Solidarity opposes Metorex job cuts at Consolidated Murchison. Read >The gold market clouds over
by Allan Seccombe | 19-NOV-09 | 2 comments
Third quarter global gold demand comes down by a third to 800 tonnes, with jewellery and exchange-traded funds (ETFs) taking big hits. Read >SA 'running out of gold'
by Dewald van Rensburg | 19-NOV-09 | 0 comments
Some 95% of SA's gold deposits have already been depleted, says a researcher. Read >Gold hits record $1,150
by Reuters | 18-NOV-09 | 0 comments
Gold bursts to a fresh record high of $1,150/oz on weak dollar and largely benign US inflation data. Read >War of words between DRD and union
by I-Net Bridge | 18-NOV-09 | 0 comments
Solidarity and DRDGOLD trade verbal blows over retrenchments. Read >Metorex drops Ruashi output forecast
by Allan Seccombe | 18-NOV-09 | 0 comments
Metorex lowers its copper output forecast at its Ruashi plant by 20%, but there's an upside, with production costs expected to drop from improved cobalt credits. Read >Gold tests $1150 as notches new record
by Reuters | 18-NOV-09 | 0 comments
Gold traded at $1.147/oz in London on Wednesday as the dollar weakened. All eyes now on US data inflation. Read >Solidarity calls for Harmony retrenchment rethink
by I-Net Bridge | 17-NOV-09 | 0 comments
Solidarity appeals for Harmony to find alternatives to cutting 2,100 jobs. Read >Platinum deficit forecast for 2010
by Allan Seccombe | 17-NOV-09 | 1 comments
A US platinum ETF could take some 200,000 oz of metal off the market, which is forecast to slip into a "modest deficit" in 2010, Johnson Matthey reports. Read >Global gold hedge heads below 10moz
by Allan Seccombe | 17-NOV-09 | 3 comments
High gold prices encourage miners to tear into their forward sales, and the global gold hedge book is set to fall below 10 million oz by the end of this year from more than 100 million oz eight years ago. Read >Job cuts wrack SA gold miners
by I-Net Bridge & Sake24 | 17-NOV-09 | 1 comments
DRDGOLD plans to retrench 1,300 workers at its Blyvoor mine, which is under judicial management. Harmony Gold has indicated up to 2,097 workers could be retrenched. Read >China may spur gold price further
by I-Net Bridge | 17-NOV-09 | 0 comments
China's gold equals 1.8% of total reserves. Were this to increase to 5% of total reserves, the gold bull run would hardly have started, an analyst says. Read >SA's glory days in gold at an end
by I-Net Bridge | 17-NOV-09 | 1 comments
The glory days of South African gold mining appear to have arrived finally at an ignominious end. Read >Beware choppy seas for gold price
by Marc Ashton | 16-NOV-09 | 0 comments
Gold forged on but analysts are hesitant to support taking further 'long' positions fearing a correction, or increased volatility, were both possible. Read >First Uranium squeezed
by Brendan Ryan | 16-NOV-09 | 0 comments
Continuing cash flow problems prompted First Uranium to strike a second gold sales agreement with royalty firm Gold Wheaton. Read >Is silver's salvation upon us?
by Allan Seccombe | 13-NOV-09 | 4 comments
Advances in technology mean that it could be time for silver to take its place in the sun, with a host of new applications taking tens of millions of ounces out of the market permanently. Read >SA September mining output tumbles
by Sapa | 12-NOV-09 | 0 comments
South African mining production falls in September. Read >DRD's Blyvoor in judicial managment
by Miningmx reporter | 12-NOV-09 | 0 comments
DRDGOLD's Blyvoor mine is placed under judicial management as the company accelerates its ErgoGold surface project. Read >Harmony shaft closures in 6 months
by Reuters | 11-NOV-09 | 2 comments
Harmony expects to shut loss-making shafts over the next six months. Read >SA, Zimbabwe deal 'imminent'
by Jana Marais | 10-NOV-09 | 0 comments
The long-awaited investment protection deal between South Africa and Zimbabwe will be concluded this month, but it probably won't include a land agreement. Read >DRDGOLD to put mine into judicial care
by Reuters | 09-NOV-09 | 0 comments
DRDGOLD to put its Blyvoor gold mine into judicial management. Read >Murenbeeld gets more bullish
by Brendan Ryan | 09-NOV-09 | 0 comments
Economist Martin Murenbeeld reckons India's purchase of 200t of gold could mark a turning point in the structure of the gold market. Read >Gold hits fresh record
by Reuters | 09-NOV-09 | 0 comments
Gold tops $1,100/oz on a weak dollar and a storm-driven oil prices. Read >China gold cheaper than IMF sale
by Reuters | 05-NOV-09 | 0 comments
It would be cheaper for China to buy its own domestically produced gold than from the International Monetary Fund. Read >Iamgold quarterly profit rises sharply
by Reuters | 04-NOV-09 | 1 comments
Iamgold quarterly profit rises sharply. Read >Gold marches to new record
by Reuters | 04-NOV-09 | 0 comments
The spot price of gold moved to $1,090.60/oz representing a new, all-time record high. Read >Gold price fever to continue
by Marc Ashton | 04-NOV-09 | 1 comments
After a $30 surge in the gold price overnight, Miningmx takes a look at some of the options for punters to consider with the yellow metal Read >Gold Fields upbeat on projects
by Brendan Ryan | 03-NOV-09 | 0 comments
Gold Fields is hoping its promising greenfields exploration programme will yield at least one new mine within the next five years. Read >Gold bosses highlight power price concerns
by | 02-NOV-09 | 1 comments
Gold companies are very concerned about the proposed power tariff increase Eskom has unveiled, warning of potential job losses. Read >AngloGold/Randgold up Moto stake
by Reuters | 02-NOV-09 | 0 comments
Randgold Resources and AngloGold Ashanti increase their holding in Moto Goldmines for $113m. Read >Harmony shafts face bleak future
by Brendan Ryan | 30-OCT-09 | 0 comments
It's not looking good for a number of Harmony's high cost shaft systems as revenues are squeezed by the strong rand and operating costs keep ratcheting up. Read >Harmony hurt by strong rand
by Brendan Ryan | 30-OCT-09 | 0 comments
The strong rand took the shine off a better gold production performance by Harmony during the September quarter. Read >Eskom may sink Gold Fields' rerating plans
by Allan Seccombe | 29-OCT-09 | 1 comments
Gold Fields' Nick Holland reckons the company can narrow the rating gap with its North American peers, but much depends on South African power utility Eskom's pricing model. Read >Gold Fields warns on power price consequences
by Allan Seccombe | 29-OCT-09 | 1 comments
Gold Fields says proposed South African power tariff hikes will have a significant impact on its business and hopes the government will find alternatives to the increases which could have far-reaching consequences. Read >Platinum group metals set to outshine gold
by Reuters | 27-OCT-09 | 0 comments
A rise in platinum group metals prices is expected to outstrip gold's gains, while the palladium market balance is seen tighter because of lower stock sales. Read >Cluff commissions Angovia mine
by Reuters | 27-OCT-09 | 0 comments
Cluff commissions its Angovia mine in Ivory Coast. Read >Russia postpones 2009 gold sales
by Reuters | 27-OCT-09 | 0 comments
Russia postpones the sale of 20-50 tonnes of gold. Read >All Target workers accounted for
by Sapa | 27-OCT-09 | 0 comments
Harmony Gold accounts for all workers at Target mine, where two people were killed in a fall of ground. Read >Four trapped in Harmony mine
by Reuters | 26-OCT-09 | 0 comments
Four workers trapped underground at Harmony Gold's Target mine. Read >Harmony tackles surface gold/uranium
by Allan Seccombe | 26-OCT-09 | 0 comments
Harmony Gold looks increasingly at surface treatment operations for cheap gold. It is also looking at extracting uranium from three of its mines and bolster gold recoveries there. Read >Gold shares 'have more upside'
by I-Net Bridge | 23-OCT-09 | 0 comments
While the gold price has an anticipated upside of 5% to 10%, the upside for gold equities is much higher, says Investec. Read >DRDGOLD bemoans electricity prices
by | 23-OCT-09 | 0 comments
The proposed electricity tariff increase of 45% a year over the next three years will render DRDGOLD's underground mine unprofitable and put a tremendous dent into the margins of its surface operations. Read >Freeport-McMoRan profit soars
by Reuters | 21-OCT-09 | 0 comments
Freeport-McMoRan's third quarter profit soars. Read >Commodities good, dollars not – Plexus chairman
by I-Net Bridge | 21-OCT-09 | 0 comments
The chairman of Plexus asset management sounds an upbeat note about commodities. Read >Asec says to run a GMA gold mine in Algeria
by Reuters | 19-OCT-09 | 0 comments
Asec says it is to run a GMA gold mine in Algeria. Read >Mwana resumes Zimbabwe gold output
by AFP | 14-OCT-09 | 0 comments
Mwana Africa starts gold production at Freda Rebecca in Zimbabwe, two years after the mine was closed. Read >Aurora buys East Rand mines, and more
by Allan Seccombe | 14-OCT-09 | 2 comments
Aurora Empowerment Systems, led by Nelson Mandela's grandson, has bought the East Rand mines from Pamodzi Gold's liquidators as well as another smaller mine in an aggressive growth drive. Read >Fear and worry, the calling cards of the gold lover
by Richard Quest | 13-OCT-09 | 4 comments
I have always been a bit suspicious of those people who put their faith in gold, writes CNN's Richard Quest. Read >SA mining output tumbles in August
by I-Net Bridge | 08-OCT-09 | 0 comments
South African mining production for August fell by 11.5% year-on-year, with non-gold minerals making heavy weather of it. Read >Kalplats mine is viable - Platinum Aus.
by Allan Seccombe | 08-OCT-09 | 0 comments
A pre-feasibility study into the Kalahari Platinum project (Kalplats) shows there can be a viable and lucrative opencast mine there, says Platinum Australia. Read >Gold pops $1,050/oz
by Reuters | 08-OCT-09 | 0 comments
Spot gold burst through $1,050 an ounce on Thursday, marking a third successive high in as many days. Read >Investors may take shine to silver after gold high
by Reuters | 07-OCT-09 | 0 comments
Silver, which looks overdue for a rally of its own, may attract investors as its ratio to gold nears a year low. Read >Gold's last hurrah?
by Allan Seccombe | 07-OCT-09 | 5 comments
The small interest rate hike in Australia could be an indication that the worst is over for the global economy, but it holds a downside threat for the gold price. Read >It's all over for Pamodzi Gold
by Allan Seccombe | 06-OCT-09 | 3 comments
A South African court grants a final liquidation order against Pamodzi Gold, marking the end of a brief but fraught foray by an empowerment company in the country's gold mining industry. Read >Gold hits record high
by Reuters | 06-OCT-09 | 0 comments
The gold price surges to a record high above $1,043/oz as the dollar falls on a report, later denied, that Gulf Arab states were considering abandoning the dollar for oil trade. Read >AngloGold seeks growth from exploration
by Reuters | 06-OCT-09 | 0 comments
AngloGold Ashanti plans to expand output through exploration projects, which has so far delivered "more bang for its buck". Read >Rio, Ivanhoe in $3bn Mongolia deal
by Reuters | 06-OCT-09 | 0 comments
Rio Tinto and Ivanhoe Mines wrap up a $3bn deal to develop a copper and gold mine in Mongolia. Read >Gold Fields whips South Deep into shape
by Allan Seccombe | 05-OCT-09 | 1 comments
It's taken a fairly long time and a lot of rectifying of legacy issues wrought by previous owners, but Gold Fields reckons it's finally on track to successfully mine one of the world's single largest ore bodies. Read >AngloGold to scour seabeds for gold
by Allan Seccombe | 05-OCT-09 | 2 comments
AngloGold Ashanti teams up with De Beers to scour seabeds for gold and other minerals. Anglo American, a shareholder in De Beers, is already exposed to such exploration through another company. Read >Gold bulls. Avoid 'em.
by Stephen Mulholland | 01-OCT-09 | 12 comments
Gold bulls: a boring lot whose advice and company are to be avoided, writes columnist Stephen Mulholland. Read >Will gold stay above $1,000/oz?
by Brendan Ryan | 01-OCT-09 | 0 comments
Martin Murenbeeld, chief economist at Dundee Wealth Economics, gives seven reasons why gold will carry on rising, and seven bearish reasons why it could pull back. Read >Deutsche: gold above $1,100/oz in 2010
by Reuters | 01-OCT-09 | 0 comments
The gold price will charge to fresh highs next year because of a falling dollar and inflation, says Deutsche Bank. Read >Safety stops batter Gold Fields mines
by Allan Seccombe | 01-OCT-09 | 0 comments
Gold Fields says safety-related production falls at Kloof and Driefontein are offset by improvements at its other South African mines. Read >Investec bullish on gold
by Ines Schumacher | 30-SEP-09 | 0 comments
Investec sees gold reaching a new all-time nominal high of over $1,033 an ounce, following the seasonally high months of August and September. Read >Harmony scrutinises Virginia/Evander
by Allan Seccombe | 30-SEP-09 | 2 comments
There is a feeling in the market that the gold price will force Harmony to shut shafts. Graham Briggs, the chief executive, says mines are being scrutinised with a view to saving them for the future. Read >Gold Fields outlines 2010 strategy
by Allan Seccombe | 29-SEP-09 | 0 comments
Gold Fields identifies development of its South African ore bodies as a critical task in the year ahead after its safety drive pushed down production in 2009. Read >Gold fails SA investors
by Brendan Ryan | 29-SEP-09 | 1 comments
It’s an age old debate - do you buy gold shares or physical gold? The sad answer for South African investors so far this year is that they should have avoided both. Read >Sick workers take Anglo to court
by Allan Seccombe | 27-SEP-09 | 0 comments
Sick workers take on Anglo American in what their lawyer says will be a test case. A similar case brought against AngloGold Ashanti was defeated in court. Read >Bundesbank curtails gold sales
by Reuters | 25-SEP-09 | 0 comments
German Bundesbank will keep a lid on gold sales in the coming year of the sales agreementa and it will pass on other sales options. Read >Mysterious Pan African surge
by Brendan Ryan | 25-SEP-09 | 1 comments
Shares in junior gold producer Pan African Resources have shot up in heavy trading on the London Stock Exchange but CEO Jan Nelson says there's nothing funny going on at the company. Read >ARM seeks Zimbabwe coal and platinum
by Reuters | 23-SEP-09 | 0 comments
ARM looks for coal and platinum prospects in Zimbabwe. It is advancing its copper plays and has its Namibian gold project up for sale. Read >Newmont temporarily halts work at Indonesian mine
by Reuters | 22-SEP-09 | 0 comments
Newmont Mining has temporarily suspended mining operations at a copper and gold mine in Indonesia because of what it called "a geotechnical failure". Read >China to keep buying gold from domestic miners
by Reuters | 22-SEP-09 | 0 comments
China is more likely to keep purchasing gold from its domestic producers rather on the global markets if it decides to increase its stockpile. Read >China weighs purchase of IMF gold
by Reuters | 21-SEP-09 | 0 comments
China is considering buying gold being offered for sale by the International Monetary Fund, but the report could not immediately be confirmed. Read >Simmers row erupts again
by Brendan Ryan | 20-SEP-09 | 0 comments
The Simmers share price is sinking as war breaks out again between management and empowerment partner Vulisango whose appointees to the board have all resigned. Read >Silver due for correction. Soon
by Allan Seccombe | 17-SEP-09 | 1 comments
The silver market, currently swept up in "irrational exuberance", is due for a price correction. That downward move is imminent. Read >Gold seen hitting $1,600
by Reuters | 17-SEP-09 | 0 comments
The price of gold could hit $1,600 an ounce if crude oil goes to $100 a barrel in the next six to 18 months, says Gold Fields CEO Nick Holland. Read >Chinese funding for Pamodzi collapses
by Allan Seccombe | 17-SEP-09 | 4 comments
The much-vaunted R626m backing Pamodzi Gold claimed to have from the China Africa Development Fund has collapsed with the court-sanctioned sale of mines to Harmony Gold. Read >Rand holds back SA gold shares
by Brendan Ryan | 16-SEP-09 | 1 comments
Reason is the strength of the rand against the US dollar which has a far greater negative impact on DRDGold, Harmony and Simmers because their operations are situated exclusively inside South Africa. Read >NUM, DRD negotiations collapse
by I-Net Bridge | 16-SEP-09 | 0 comments
Negotiations between the National Union of Mineworkers and DRDGOLD have officially collapsed with the issuing of a certificate of non-resolution to the dispute by the CCMA. Read >Murenbeeld ups his call on gold
by Brendan Ryan | 16-SEP-09 | 0 comments
Respected economist and gold expert Martin Murenbeeld has increased his gold price forecasts for 2010 based on stronger investment and central bank demand. Read >AngloGold cautious on acquisitions
by Reuters | 16-SEP-09 | 0 comments
AngloGold Ashanti is open to make acquisitions, but it will proceed cautiously as the gold price tops $1,000/oz. Read >DRDGOLD hit by strike
by Reuters | 16-SEP-09 | 0 comments
More than 4,000 workers go on strike at DRDGOLD over a pay dispute and output has been affected. Read >Gold forges higher
by Reuters | 16-SEP-09 | 0 comments
Gold shoots up $10/oz to reach its highest price since March 2008, coming in sight of all-time highs. Read >Court approves R405m Harmony deal
by Allan Seccombe | 15-SEP-09 | 5 comments
Harmony Gold wins court approval for its R405m purchase of an old gold mine that was owned by Pamodzi Gold. Pamodzi mounted an ineffectual bid to prevent the sale of the mine. Read >Pay dispute at Gold Fields' Tarkwa
by Reuters | 15-SEP-09 | 0 comments
Workers at Gold Fields' Tarkwa mine in Ghana have embarked on a go-slow in a pay dispute, threatening to ramp up to a full strike. Read >Mwana about to restart Zimbabwe gold mine
by Reuters | 15-SEP-09 | 0 comments
Mwana Africa's gold mine in Zimbabwe will restart production this month and conditions are such in the country that it is looking at resuming nickel mining. Read >Gold jewellery demand collapses
by Allan Seccombe | 14-SEP-09 | 1 comments
India and Turkey become net gold exporters as demand for the metal to make jewellery collapses. Scrap supplies surge and could cap any rise in the price of gold like it did earlier in the year. Read >Harmony, DRDGOLD can steel complaint
by Allan Seccombe | 14-SEP-09 | 0 comments
UPDATED - Seven years and many millions of rands later, Harmony and DRDGOLD withdraw their excessive pricing complaint against ArcelorMittal South Africa. Read >"Disaster" if Harmony bid blocked
by Allan Seccombe | 14-SEP-09 | 1 comments
It will be a "disaster" if a South African high court fails to approve Harmony Gold's R405m bid for Pamodzi Gold's Free State assets. Read >Guinea to probe 3 mining firms
by Reuters | 10-SEP-09 | 0 comments
AngloGold Ashanti and RUSAL are among three firms into which the Guinea government will conduct an audit investigation. Read >IDC applies for Pamodzi Gold liquidation
by Allan Seccombe | 10-SEP-09 | 1 comments
The Industrial Development Corporation applies to have Pamodzi Gold liquidated, which will clear the way for a full forensic investigation into what went wrong at the junior gold miner and its mines. Read >Gold search picks up in Eritrea
by Brendan Ryan | 10-SEP-09 | 0 comments
Eritrea is an expanding exploration destination in Africa with the first mine to be developed since the country became independent in 1993 due to start production next year. Read >Investec sees gold at record highs
by Reuters | 09-SEP-09 | 0 comments
Gold could rise another 10-15 percent to all-time highs of $1,150 an ounce as investors flock to the precious metal as a haven from currency devaluation and rising inflation. Read >Harmony agrees R405m buy of Free State mines
by Allan Seccombe | 09-SEP-09 | 0 comments
Harmony signs a deal with provisional liquidators for the R405m purchase of Pamodzi Gold's Free State mines. Two major assets within Pamodzi are now sold. Read >SA gold output continues to tumble
by Allan Seccombe | 08-SEP-09 | 1 comments
South African gold production continues its inexorable downward slide, falling nearly 10% year-on-year from already stressed levels in 2008. Miners are missing the booming dollar gold price. Read >SA rand at 13-mth high vs dollar
by Reuters | 08-SEP-09 | 0 comments
The South African rand moved to a 13-month high against the dollar, not a great development for the country's exporters like gold and platinum firms. Read >Pamodzi: liquidators play ball
by Dewald van Rensburg | 08-SEP-09 | 0 comments
In a dramatic about-turn, the provisional liquidators of Pamodzi Gold have conditionally welcomed the gold miner's attempts to rescue its mines from liquidation itself. Read >Spot gold breaks through $1,000
by Reuters | 08-SEP-09 | 0 comments
Spot gold breaks through $1,000/oz for the first time since February because of dollar weakness and concerns about the sustainability of the global economic recovery. Read >Gold Fields hammers debt
by Allan Seccombe | 04-SEP-09 | 0 comments
Gold Fields exits Eldorado for a small profit, covering the money it paid to terminate a royalty agreement at St Ives in Australia, a mine which is exciting the South African company's management. Read >SA gold shares defy strong rand
by Ines Schumacher | 03-SEP-09 | 0 comments
South African gold shares rise on Northern hemisphere investor confidence despite warnings that the strong rand will wreak havoc on gold companies' margins. Read >Forensic worries at Pamodzi Gold
by Allan Seccombe | 03-SEP-09 | 3 comments
Early forensic investigations at Pamodzi Gold are throwing up questions for management, which denies there are any irregularities. Meanwhile, will Aurora bid for the Free State assets? Read >Pan African banks on platinum
by | 03-SEP-09 | 0 comments
Pan African Resources has decided to can its exploration projects in the Central African Republic and Ghana in favour of its Phoenix platinum project. Read >Attraction of SA gold shares palls
by Allan Seccombe | 02-SEP-09 | 1 comments
South African gold mining shares lose their shine against their North American peers as the rand and rising input costs promise to eat heavily into earnings. Read >Mini mining empire-builder
by Allan Seccombe | 02-SEP-09 | 0 comments
Loucas Pouroulis has set up a group of companies exploring and exploiting a diverse range of minerals in a number of African countries. Is he pushing so hard because of earlier setbacks? Read >The Paulson AngloGold bet points to inflation
by Reuters | 02-SEP-09 | 0 comments
John Paulson's heavy exposure to gold seems to be a hedge against inflation fuelled by governments trying to avert recession. Read >Aurora visits Pamodzi Free State mines
by Allan Seccombe | 01-SEP-09 | 0 comments
Harmony's decision to suspend the acqusition of Pamodzi Gold's Free State assets has opened the door to Aurora Empowerment Systems to run the rule over the mines and potentially make a bid, trumping Harmony. Read >Silver price boost from industrial demand
by Reuters | 01-SEP-09 | 0 comments
Silver prices could rise as investment demand picks up on top of already firm investment demand. Read >Zim govt insists on 50% diamond firm stakes
by Reuters | 01-SEP-09 | 0 comments
The Zimbabwean government is adamant about holding 50% of all diamond mining ventures in that country. The ownership model for gold and platinum mines is expected to be different. Read >AngloGold to raise Moto capital
by Reuters | 01-SEP-09 | 0 comments
AngloGold Ashanti is to issue 7.6 million shares to raise $284m towards its purchase of 50% of Moto Goldmines in partnership with Randgold Resources. Read >Gold's moment of truth
by Brendan Ryan | 28-AUG-09 | 1 comments
Gold is on the cusp of a very interesting journey over the next six to 12 months. Read >Eldorado in $1.8bn Sino Gold deal
by Reuters | 26-AUG-09 | 0 comments
Canada's Eldorado will buy all of Sino Gold for $1.8bn. It initially bought Gold Fields's 20% stake in the company. Read >CRG enters pilot phase
by Ines Schumacher | 25-AUG-09 | 0 comments
Central Rand Gold faces a vital test to determine the future of the company as it seeks to prove to the market that its chosen mining method will be economical. Read >Randgold will not rush Moto project
by Brendan Ryan | 24-AUG-09 | 0 comments
The DRC wants fast action on development of the Moto gold mine but Randgold Resources CEO Mark Bristow says he and partner AngloGold Ashanti will not be rushed. Read >Mandela, Zuma plan to list gold firm
by Allan Seccombe | 24-AUG-09 | 5 comments
The relatives of two of South Africa's most influential men plan listing a resources company soon to house their purchase of Pamodzi Gold's Orkney mine out of provisional liquidation. Read >Sephaku lists orphan assets
by Ines Schumacher | 21-AUG-09 | 2 comments
JSE newcomer Sephaku Holdings has adopted a variety of unwanted assets from South Africa’s major miners. Read >DRDGOLD profits bashed by rand
by Allan Seccombe | 20-AUG-09 | 2 comments
UPDATED - DRDGOLD's profits tumble as a stronger rand and rising costs batter the company. It will shut the mothballed ERPM mine where costs have spiralled. Read >Liquidators spurn Pamodzi funding plan
by Allan Seccombe | 20-AUG-09 | 5 comments
Provisional liquidators say the announcement of a potential funder for Pamodzi Gold has come too late to retrieve the Free State and Orkney assets. The East Rand asset sale is nearing completion too. Read >Glister fades for gold
by Amanda Vermeulen | 19-AUG-09 | 0 comments
The price might be vibrant and gold shares on the up but the jewellery market – the foundation on which demand is based – is suffering. We visit Abu Dhabi’s gold souk for the grassroots story… Read >Central banks net buyers of gold
by Allan Seccombe | 19-AUG-09 | 0 comments
UPDATED - For the first time in a "considerable length of time" central banks became net buyers of gold, curtailing the total supply of the metal. Read >Simmers under pressure
by Brendan Ryan | 19-AUG-09 | 0 comments
Simmers' Buffelsfontein mine is back in the red because of the strength of the rand against the dollar as well as safety shut downs. Read >Pamodzi Gold claims to raise R626m
by Allan Seccombe | 18-AUG-09 | 5 comments
Pamodzi Gold chairman Ndaba Ntsele says it won't be easy retrieving its assets from provisional liquidation with the R626m provisionally raised from a mystery funder. Read >Gold will break $1,000 barrier
by | 17-AUG-09 | 0 comments
Gold prices will break the $1,000 barrier in the fourth quarter of 2009 on the back of rising jewellery demand, says American Precious Metals Advisors' Jeff Nichols. Read >Harmony may restart Mt Magnet
by Allan Seccombe | 17-AUG-09 | 0 comments
Harmony Gold is exploring its mothballed Mt Magnet operation in Australia and may resume production there if no buyer is found. Read >Gold hits 2-week low as risk aversion lifts dollar
by Reuters | 17-AUG-09 | 0 comments
Gold slipped to its lowest since late July in Europe on Monday as the dollar firmed against a basket of currencies and as a 2% decline in crude prices dented the precious metal's appeal as an inflation hedge Read >Harmony posts dividend, outlook wary
by Allan Seccombe | 17-AUG-09 | 0 comments
Harmony posts its first dividend in five years and posts record profits, but it won't commit to a dividend policy. It is wary about the effects of a stronger rand on its business. Read >Bullish season for gold
by Colin Abrams | 14-AUG-09 | 1 comments
Both the JSE index and AngloGold Ashanti charts point to a buy conclusion, says technical analyst Colin Abrams. Read >Christo Wiese goes for gold
by Marc Hasenfuss | 13-AUG-09 | 0 comments
Christo Wiese, who made headlines recently by pulling out of embattled fluorspar producer Sallies, is a large shareholder in a small, aspirant gold group listed on the JSE. Read >GBG plays the waiting game
by Ines Schumacher | 12-AUG-09 | 1 comments
Great Basin Gold has still not finalised a R1bn loan needed for completion of its Burnstone project in South Africa. Read >A year of two halves for Gold Fields
by | 12-AUG-09 | 0 comments
Gold Fields spent the first half of its financial year getting new projects into production and the second half delivering on those projects, CEO Nick Holland says. Read >Global gold hedge at multi-year low
by Allan Seccombe | 11-AUG-09 | 0 comments
The global gold hedge book falls to levels not seen in more than a decade as AngloGold steps up the tempo of closing forward sales, easing it into second place behind Barrick as on of the largest hedgers. Read >Central bank gold sales won't hit target
by Reuters | 07-AUG-09 | 1 comments
Gold sales under the new Central Bank Gold Agreement are unlikely to meet their five-year, 2,000 tonne target. Read >Gold finds favour with fund managers
by Brendan Ryan | 06-AUG-09 | 0 comments
Gold Fields CEO Nick Holland reckons one of the factors driving rising investment demand for gold is growing interest from fund managers who have previously shunned the metal. Read >Gold is a financial asset
by | 06-AUG-09 | 0 comments
The Miningmx team takes a look at gold and gold equities on the JSE. David Mckay talks about the ongoing Anglo American and Xstrata power struggle and an asset manager gives insight into how resources stocks fit into the upswing in the market. Time: 15:30 Read >AngloGold sheds hedge book
by | 03-AUG-09 | 0 comments
AngloGold Ashanti has cut it hedge book by 1.4 million ounces in July, something which comes as a huge relief to the company, says CEO Mark Cutifani. Read >Gold Fields' Holland faces down critics
by David McKay | 03-AUG-09 | 0 comments
Nick Holland, echoing steps taken by Anglo CEO Cynthia Carroll, shut down high-grade sections of Gold Fields’ mines as they weren’t safe. Now begins the task of catching up. Read >Abu Dhabi gold sales maintain growth in July
by Reuters | 03-AUG-09 | 1 comments
Holiday purchases and stable prices helped gold retailers in Abu Dhabi maintain sales growth in July but the market will slow in August, traders say. Read >Gold Fields mines obtain accreditation
by I-Net Bridge | 31-JUL-09 | 0 comments
South African miner Gold Fields' Beatrix gold mine has achieved accreditation with the International Cyanide Management Code. Read >NewGold breaks through R10bn
by Ines Schumacher | 31-JUL-09 | 0 comments
South African gold-backed exchange-traded fund provider NewGold has increased its gold holdings to more than R10bn for the first time. Read >AngloGold ups gold price view
by Allan Seccombe | 31-JUL-09 | 0 comments
AngloGold's hefty hedge book reduction shows its confidence in the gold price. Chief executive Mark Cutifani says the price next year could trade "closer" to $1,000/oz. Read >AngloGold slashes its hedge book
by Allan Seccombe | 31-JUL-09 | 1 comments
AngloGold pours cash into reducing its hedge book, cutting it by 1.4 million ounces. It trims its full-year production target because of safety issues, Geita and the US operations. Read >Chinese come to Pamodzi Gold's rescue
by Allan Seccombe | 30-JUL-09 | 3 comments
The Chinese are coming. To the rescue of Pamodzi Gold's embattled management, that is. They are possibly backing a management buyout of mines from the liquidators. Read >Strong rand to hit SA gold miners' profits
by Reuters | 30-JUL-09 | 1 comments
The strong rand will offset higher production and metal prices in the latest set of quarterly results from South African gold producers. Read >IMF gold will be sold within pact
by Reuters | 30-JUL-09 | 1 comments
The IMF's 403 tonne gold sale will take place within a new European central bank gold agreement being negotiated. Read >Goldcorp CEO bullish on gold
by Reuters | 30-JUL-09 | 0 comments
Goldcorp CEO Chuck Jeannes sees gold breaking through $1,000/oz after summer doldrums. Read >Dwyka plots gold, platinum strategies
by Allan Seccombe | 29-JUL-09 | 1 comments
Dwyka Resources will spin out newly acquired Ethiopian platinum assets into a separately listed company and it has to consider possibly selling its Swaziland gold venture now that it has control of Minerva. Read >Randgold Resources beefs up
by Brendan Ryan | 28-JUL-09 | 0 comments
Randgold Resources is taking no financial chances over development of its latest hot gold mining prospect - the Gounkoto project in Mali. Read >Randgold Resources continues to shine
by Brendan Ryan | 28-JUL-09 | 0 comments
Randgold Resources increased gold production and profits in the June quarter but the share has pulled back from its recent highs despite this. Read >SA gold wage deal within reach
by Ines Schumacher | 27-JUL-09 | 0 comments
South Africa's gold and coal mining sectors may wrap up two-year wage talks with trade unions on Tuesday after a "favourable" offer. Read >Gold climbs to highest in more than 6 weeks
by Reuters | 27-JUL-09 | 0 comments
Gold prices rose to their strongest in more than six weeks on Monday, boosted by a weaker dollar and higher crude oil prices. Read >Glencar soars on Gold Fields' offer
by Allan Seccombe | 24-JUL-09 | 0 comments
Glencar's shares nearly double on news of a cash offer by Gold Fields for the whole company, which has exploration properties in Mali, where there is a greenstone belt mined by industry heavyweights. Read >Mr Froneman, the survivor
by David McKay | 23-JUL-09 | 2 comments
Having weathered a buffeting at the hands of angry Uranium One shareholders in 2007 mining entrepreneur Neal Froneman is back at the helm of a new start-up called Gold One. Read >An extra 1% wouldn't have killed miners
by | 23-JUL-09 | 0 comments
Gold miners' final wage increase offer to trade unions is a fair one, says Cadiz's Peter Major. Read >Simmers to close underground operations
by I-Net Bridge | 23-JUL-09 | 1 comments
Junior gold producer Simmer & Jack is optimising the underground operations at wholly owned subsidiary Transvaal Gold Mining Estates which could result in the loss of 271 jobs. Read >NewGold unfazed by new law
by Ines Schumacher | 23-JUL-09 | 1 comments
Exchange-traded fund NewGold says it’s not concerned over a new law allowing South Africans to hold unwrought gold and is confident of continued demand. Read >Mintails rejects DRDGOLD
by Brendan Ryan | 22-JUL-09 | 0 comments
Mintails has rejected DRDGOLD's lowball offer for its South African gold and uranium dump assets and will instead raise more funds to keep going. Read >SA's IDC eyes Zimbabwe
by Allan Seccombe & David Mckay | 21-JUL-09 | 0 comments
The global financial meltdown brings potential clients streaming in to South Africa's Industrial Development Corporation, which is straining at the bit to get into Zimbabwe. Read >Gold to rise in 2010 on inflation worries
by Reuters | 21-JUL-09 | 0 comments
Gold prices may be pushed up next year by a weaker dollar and inflation concerns, even though bullion's appeal as a less risky asset may be waning as the economic outlook improves. Read >SA gold miners in final wage talks
by Reuters | 21-JUL-09 | 1 comments
South African unions representing gold miners met with employers for final wage talks on Tuesday, saying a strike was "highly likely" if they fail to reach a deal. Read >Gold rush for locals
by Joanita Cillié | 21-JUL-09 | 1 comments
The new Precious Metals Act means South Africans no longer need to obtain a licence to hold unwrought gold and gold bars can once again be brought locally as an investment. Read >Italy govt proposes ceiling for tax on gold reserves
by Reuters | 20-JUL-09 | 0 comments
Italy's government has proposed to limit a new tax on notional gains in the value of the Bank of Italy's gold reserves. Read >Peter Hambro gold output jumps 54%
by Reuters | 20-JUL-09 | 0 comments
Russia-based Peter Hambro Mining's gold production jumped 54% in the first half and output will be boosted by the Pioneer deposit. Read >Gold One develops its next flagship asset
by I-Net Bridge | 17-JUL-09 | 0 comments
Gold One International has commenced the second phase of resource definition drilling at its Ventersburg Project. Read >AngloGold downgraded by Fitch
by I-Net Bridge | 15-JUL-09 | 1 comments
Ratings agency has downgraded AngloGold Ashanti citing rising operating costs in South Africa, the region to which the company was most exposed. Read >SA Bullion Management merges
by I-Net Bridge | 15-JUL-09 | 2 comments
SA Bullion Management, which enables the public to invest in unwrought gold, has merged with Aurum Gold Investor Services. Read >Investec favours gold shares over the metal
by Allan Seccombe | 15-JUL-09 | 0 comments
Investec sees greater returns from gold shares than the underlying metal. It is far more wary of silver shares, reckoning they're overvalued. Read >Kloof miner killed: Gold Fields
by I-Net Bridge | 15-JUL-09 | 0 comments
Gold Fields has lost another miner with the group confirming the fatality occured at its Kloof mine. Read >Wheeling and dealing gold shares
by Brendan Ryan | 13-JUL-09 | 0 comments
Clear winners and losers will emerge from the latest round of reshaping the South African gold sector as juniors jockey for position. Read >The right man for Anglo
by Allan Seccombe | 10-JUL-09 | 0 comments
John Parker might be the wrong colour for the South African government, but he's the right man to steer Anglo American. Read >Central Rand Gold a target
by Allan Seccombe | 09-JUL-09 | 1 comments
The gold assets owned by Central Rand Gold near the city of Johannesburg might fit better in another company as its share price shows the market has little faith they'll ever be mined by the current owners. Read >Gold bounces back, SA output falls
by Reuters | 09-JUL-09 | 1 comments
Dollar weakness prompted a gold price recovery, and news from South Africa is that gold output fell again. Read >SA gold output falls 10% in May
by Reuters | 09-JUL-09 | 1 comments
A difficult month in May for South Africa's gold industry with production volume falling 10.5%, according to Statistics SA. Read >Police unit needed to stop illegal mining
by I-Net Bridge | 08-JUL-09 | 0 comments
Trade union Solidarity has called for the former gold and diamond unit of the South African Police Service to be reinstated to clamp down on illegal mining Read >China news drives gold up
by Reuters | 02-JUL-09 | 0 comments
News that China had asked for a G8 debate proposals for a new global reserve currency sends the dollar reeling, giving gold a boost. Read >Paulson may up Gold Fields stake
by Allan Seccombe | 01-JUL-09 | 1 comments
Paulson & Co, an influential US-based hedge fund, may increase its 3% holding in Gold Fields by buying Mvelaphanda Resources' 39 million shares in the gold firm. Read >Harmony waiting on IDC for Pamodzi swoop
by I-Net Bridge | 01-JUL-09 | 0 comments
Harmony Gold said on Wednesday that only approvals from the Industrial Development Corporation and gold unions stood in the way of its bid for Pamodzi Gold assets. Read >Strong rand may force Harmony review
by Allan Seccombe | 01-JUL-09 | 3 comments
If the lower rand gold price persists for another quarter Harmony Gold will undertake a "fundamental" look at its mines. It could mean the closure of high-cost operations. Read >Simmers may still bid for Orkney
by Allan Seccombe | 30-JUN-09 | 0 comments
The chances are slim and growing slimmer by the day, but Simmer & Jack could possibly take a second run at bidding for the Orkney gold mines, the Pamodzi Gold asset under provisional liquidation. Read >DRDGOLD bids low for Mintails
by Brendan Ryan | 30-JUN-09 | 0 comments
DRDGOLD has put in a lowball offer for Mintails assets which provides nothing upfront in recognition of their potential long-term value. Read >Orkney gold mine tender restarted
by Allan Seccombe | 30-JUN-09 | 0 comments
The bidding process for Pamodzi Gold's Orkney mine has been restarted after the first attempt failed. Work is underway to expedite Harmony's acquisition of President Steyn mine. Read >DRDGOLD bids for Mintails
by Brendan Ryan | 29-JUN-09 | 1 comments
DRDGOLD has finally confirmed it is bidding for ASX-listed Mintails in a move to consolidate and expand its surface operations to recover gold and uranium from surface mine dumps. Read >SA may dilute Xstrata/Anglo benefits
by Allan Seccombe | 29-JUN-09 | 2 comments
Ratings agency Fitch says the benefits of a combined Xstrata and Anglo American may be offset by moves to pacify South African trade unions. Read >Mintails suitor still unnamed
by Brendan Ryan | 29-JUN-09 | 0 comments
Trading in gold junior Mintails remains suspended on the ASX as its chairperson says an announcement on a possible takeover bid is imminent. Read >Gold Fields expects 4% production increase
by Reuters | 26-JUN-09 | 0 comments
Gold Fields expects output for the fourth quarter to rise by 4% to 905,000 ounces, exceeding an earlier forecast of a 3% rise. Read >Bid to buy Mintails
by Brendan Ryan | 25-JUN-09 | 0 comments
DRDGOLD looks the most likely of the usual suspects which might be interested in buying ASX-listed Mintails, which has called a halt in trading in its shares. Read >Simmers is perfect to mine Orkney
by | 22-JUN-09 | 0 comments
Simmer & Jack has synergies with Pamodzi's Orkney mine that can't be ignored, Cadiz's Peter Major says. Read >Two dead on Gold Fields mine
by Reuters | 21-JUN-09 | 0 comments
Two workers at Gold Fields's Driefontein mine died in an earth tremor. The mine has been temporarily closed since the incident on Saturday. Read >New twist in Pamodzi saga
by Allan Seccombe | 19-JUN-09 | 1 comments
The latest development in the fraught process of disposing of Pamodzi Gold’s assets could see a mystery bidder walk off with all three of its mines. Read >Centamin a takeover target
by Reuters | 19-JUN-09 | 0 comments
Could Gold Fields be a possible suitor of Centamin, which is on the verge of bringing its Egyptian gold project into production? Read >Iamgold ups 2009 output forecast
by Reuters | 18-JUN-09 | 0 comments
Iamgold lifts 2009 output forecast on increased output from its Rosebel mine and the extended life of its Doyon project. Read >Gold shares turn in a great performance
by Vic de Klerk | 16-JUN-09 | 0 comments
Gold shares have been exceptional over the past six months even if the driving forces reman obscure to many investors. Read >Gold One is raising capital
by Allan Seccombe | 15-JUN-09 | 0 comments
Gold One CEO Neal Froneman is on a road show to raise capital. The group's shares are under voluntary suspension until an announcement is made early next week. Read >Great Basin purchases Rock Creek lands
by I-Net Bridge | 15-JUN-09 | 0 comments
Great Basin Gold has created the Rock Creek Conservancy in the US state of Nevada for the purpose of holding lands recently purchased by it, and the establishment of the Rock Creek Conservancy Fund. Read >Miner dies at Harmony's Masimong mine
by I-Net Bridge | 15-JUN-09 | 1 comments
A fall of ground accident at Harmony Gold's Masimong mine in the Free State last Friday morning resulted in the death of a mineworker. Read >Simmers raises R289m for growth
by Ines Schumacher | 15-JUN-09 | 0 comments
Gold junior Simmer & Jack raises capital in a share placement which may be used to finance the acquisition of Pamodzi Gold’s Orkney mine. Read >President Steyn decision next Friday
by Allan Seccombe | 12-JUN-09 | 0 comments
The provisional liquidators are a week away from deciding on a preferred bidder for Pamodzi Gold's 12 million oz President Steyn mine. Cash-flush Harmony Gold is surely a front runner with its own mines nearby. Read >Great Basin to hedge gold
by Brendan Ryan | 10-JUN-09 | 0 comments
Junior miner Great Basin Gold is getting closer to securing the R1bn loan it needs to complete the Burnstone mine but it's taking longer than expected. Read >SA gold industry to recover in 2011
by Miningmx reporter | 09-JUN-09 | 0 comments
The South African gold mining industry will continue declining up to 2010 as the cost of deep-level mining takes its toll on companies' balance sheets. Read >Glimmers of hope for gold as Zim de-regulates
by Sapa-AFP | 09-JUN-09 | 1 comments
Zimbabwe's unity government has deregulated the gold industry, ending a two-decade state monopoly on buying the precious metal after years of plunging production. Read >Door closing for Pamodzi white knight
by Allan Seccombe | 08-JUN-09 | 2 comments
Sekunjalo Investments is expected to approach Pamodzi Gold's provisional liquidators this week with an offer for mines. The sale of assets is just the first step by the liquidators in what could be a very messy business. Read >Gold majors' earnings may fall 80%
by Ines Schumacher | 08-JUN-09 | 0 comments
There is potential for major South African gold companies to record an 80% plunge in earnings next quarter, RBC Capital Markets says. Read >Burnstone power supply secured
by I-Net Bridge | 08-JUN-09 | 0 comments
Eskom has undertaken to supply power to Great Basin Gold's Burnstone mine project, relieving an ongoing concern to the company and its investors. Read >Harmony suspends 77 workers
by Sapa | 05-JUN-09 | 0 comments
Harmony Gold has suspended 77 employees and 45 contractors from its Free State operations for allegedly helping illegal miners. Read >Bids roll in for Pamodzi's Orkney
by Allan Seccombe | 05-JUN-09 | 1 comments
The bidding process for Pamodzi Gold's Orkney mine closed at midday on Friday. The participants are a mystery, but the betting is on Simmer & Jack being among them. Read >Harmony death toll leaps to 76
by Allan Seccombe | 04-JUN-09 | 0 comments
The death toll among illegal miners at Harmony's operations leaps to 76 as anonymous phone calls tip management off on where to make gruesome finds. Read >Unions reject new wage offer by gold firms
by Reuters | 03-JUN-09 | 0 comments
Gold producers improved their wage offer to workers to 6% as pay talks entered the second of five rounds, but unions rejected the proposed increase and are threatening to strike. Read >Harmony bids for Pamodzi mine
by Allan Seccombe | 03-JUN-09 | 3 comments
Harmony Gold puts in a bid for Pamodzi Gold's President Steyn mine. CEO Graham Briggs says there are synergies with Harmony's Free State assets. Read >Gold Fields juggles offshore portfolio
by Ines Schumacher | 03-JUN-09 | 0 comments
Gold Fields has sold its stake in China exploration company Sino Gold albeit retaining its interest in China through a share exchange with Eldorado Gold. Read >Gold bugs and humbugs collide
by Reuters | 03-JUN-09 | 0 comments
With gold poised to lurch above $1,000 an ounce for a third time, the lines are being drawn between bulls who believe a dollar-hedging rally has only just begun and bears who say four-digit bullion will be fleeting. Read >Simmers aims to shed junior status
by Ines Schumacher | 02-JUN-09 | 1 comments
SA junior gold producer Simmer & Jack is on track to reach mid-tier level as it gears up to operate its Tau Lekoa asset. Read >Are precious metals shares running too fast?
by Brendan Ryan | 02-JUN-09 | 0 comments
The resurgent rand could dampen precious metals shares but, judging by the way the shares have powered ahead, investors don't seem to have taken this on board yet. Read >Gold approaches $1,000/oz breakthrough
by Ines Schumacher | 02-JUN-09 | 0 comments
Metals consultancy firm GFMS sees gold breaking through $1,000/oz soon as a result of inflation concerns and the weakening dollar. Read >China key in metal demand - S&P
by Ines Schumacher | 01-JUN-09 | 0 comments
In its latest price assumption update, rating agency Standard & Poor's sees limited near-term prospects for base metal commodities. It expects China to help boost flagging demand. Read >SA metals shares soar on dollar
by Ines Schumacher | 29-MAY-09 | 0 comments
South African precious metals shares skyrocketed on Friday because of a weaker dollar and inflationary pressures. Read >SA gold sector destroys value - fund
by Allan Seccombe | 29-MAY-09 | 11 comments
A boutique investment fund's managers lay out their reasons for avoiding South African gold shares, arguing the sector has destroyed value. They reckon the gold price should trade around $800/oz. Read >Wits Gold commits to exploration spending
by Ines Schumacher | 29-MAY-09 | 0 comments
Wits Gold has committed to spending R33.5m on exploration activities during the next five years and will not be approaching the market to raise funds. Read >SA gold ETF to break $1bn level
by Ines Schumacher | 26-MAY-09 | 2 comments
South African gold-backed exchange-traded fund provider NewGold is poised to raise its gold holdings to more than $1bn for the first time as investors pile into the metal. Read >SA gold output drops, again
by Allan Seccombe | 25-MAY-09 | 2 comments
South Africa's gold output declines yet again, this time off a low base caused by the 2008 power-related mine closures. Read >Record demand for SA gold coins
by Sapa | 25-MAY-09 | 0 comments
The demand for gold coins has hit an all time high, says the South African Gold Coin Exchange. Read >Central Rand Gold gets grilled
by Brendan Ryan | 21-MAY-09 | 1 comments
Central Rand Gold's share price took a pounding today after management failed to convince fund managers and analysts asking tough questions at the AGM. Read >Simmers agrees two-year wage deal
by Ines Schumacher | 19-MAY-09 | 0 comments
Gold miner Simmer & Jack has concluded a two-year wage deal at all four of its operations after talks deadlocked towards the end of April. Read >Gold to enter new era, says Cutifani
by Brendan Ryan | 15-MAY-09 | 0 comments
Despite the negative effect of the high gold price on jewellery demand, AngloGold Ashanti CEO Mark Cutifani sees rosy prospects for the metal. Read >Eskom asks for 34% tariff hike
by Reuters & Miningmx reporter | 15-MAY-09 | 0 comments
Eskom seeks a 34% increase in electricity tariffs to raise to pay for expansion plans. South Africa's central bank says the increase has been factored into its inflation outlook. Read >AngloGold ramps up uranium
by Brendan Ryan | 15-MAY-09 | 1 comments
AngloGold Ashanti is bullish on prospects for uranium and it's looking at expansions to push group production to around 2m lbs of uranium oxide annually. Read >AngloGold plans to cut hedge book to less than 4m oz
by Allan Seccombe | 15-MAY-09 | 0 comments
AngloGold Ashanti aims to drive its hedge book down by more than 1.8 million oz over the next two years after already cutting it in half and markedly improving its earnings. Read >Great Basin Gold seeks funds
by Brendan Ryan & Allan Seccombe | 14-MAY-09 | 1 comments
Great Basin Gold is on track to start operations at Burnstone in 2010, but still needs about R600m to complete the mine. Read >March SA gold output falls 7.6%
by Reuters | 14-MAY-09 | 0 comments
South African gold output fell 7.6%in March compared with the same month in the previous year. Read >Gold climbs, helped by ETF buying
by Reuters | 13-MAY-09 | 0 comments
Gold prices edge back towards five-week highs on the talk of exchange-traded fund (ETF) buying. Read >African Eagle estimates 700,000 oz gold deposit
by Ines Schumacher | 13-MAY-09 | 1 comments
African Eagle looks for a joint venture partner for its newly-estimated 700,000 ounce gold deposit in Tanzania to allow for the company to keep focusing most of its resources on its nickel project. Read >Gold, coal sector wage talks start next week
by Reuters | 13-MAY-09 | 0 comments
South Africa's gold producers and unions kick off wage negotiations next week. Workers have demanded pay increases nearly double the inflation rate. Read >First Uranium accelerates tailings operation
by Ines Schumacher | 12-MAY-09 | 0 comments
First Uranium is raising R763m on the equity market to accelerate construction at its tailings recovery operation. Read >Gold slips, fresh demand low
by Reuters | 09-MAY-09 | 0 comments
Gold slipped on Friday following US data and fresh demand for physical gold remained scarce, analysts said. Read >Harmony mines the stock market
by Brendan Ryan | 08-MAY-09 | 0 comments
Harmony is debt free after two perfectly timed share placings which took advantage of periods of strength in the gold group's share price. Read >Big talk bites Gold Fields
by Allan Seccombe | 07-MAY-09 | 2 comments
Gold Fields misses by a long shot an aggressive target of one million ounces/quarter made when Nick Holland was fresh in the CEO seat. Read >Randgold Resources hits paydirt again
by Brendan Ryan | 07-MAY-09 | 0 comments
Randgold Resources' exploration team may have found another potential gold mine judging by good drilling results from the Gounkoto project in Mali. Read >Gold Fields sees output, costs ticking up
by Allan Seccombe | 07-MAY-09 | 0 comments
Gold Fields sees production nudging up in the June quarter, but its cash costs will rise eight percent because of a stronger rand. It reported a "very challenging" March quarter, missing its forecast target. Read >Pamodzi Gold rings in the changes
by Allan Seccombe | 06-MAY-09 | 0 comments
In the least surprising development this year, Peter Steenkamp has quit with immediate effect as chief executive of the debt-ridden Pamodzi Gold. An interim executive is in place to try raise funds. Is it too little too late? Read >China ups its gold reserves by 75%
by Reuters | 24-APR-09 | 0 comments
China has quietly lifted its gold reserves by 75% since 2003 to 1,054 tonnes, confirming speculation that it has been buying the metal for years. Read >DRDGOLD output dips on mine closure
by Allan Seccombe | 24-APR-09 | 0 comments
The closure of the ERPM underground mine pulls down DRDGOLD's production in the March quarter, but the decline is offset by increased output from its dump re-treatment business, which is the future of the company. Read >Silver may outperform gold this year
by Allan Seccombe | 23-APR-09 | 0 comments
Silver prices may outperform those for gold this year, something it failed to do in 2008. Read >NewGold remains bullish on gold ETFs
by Ines Schumacher | 23-APR-09 | 0 comments
NewGold says the recent redemption of 27,000 fine troy ounces of its gold bullion is not indicative of any wider market trend and predicts to add to its inventory again soon. Read >Cash-flush Harmony has tough quarter
by Allan Seccombe | 23-APR-09 | 0 comments
Cash-flush Harmony Gold has had a difficult March quarter at its underground operations. Its CEO Graham Briggs says good acquisitions are scarce. Read >Anglo raises $1.5bn, eases debt burden
by Allan Seccombe | 16-APR-09 | 0 comments
Anglo American issues a second large bond this month towards refinancing part of its debt of $11bn, which chairman Mark Moody-Stuart has described as a manageable but significant sum in the current economic environment. Read >Anglo sees its $11bn debt as "sustainable"
by Allan Seccombe | 15-APR-09 | 0 comments
Anglo American reckons its $11bn of debt is sustainable and that it is on track to make significant savings and contributions to profits over the next three years. CEO Cynthia Carroll sounds an upbeat note on commodity prices. Read >Pamodzi Gold funds fail to arrive
by Allan Seccombe | 14-APR-09 | 0 comments
Provisional liquidators are preparing to take debt-laden Pamodzi Gold's East Rand and Free State mines out of judicial management and put them into provisional liquidation after promised funds failed to arrive. Read >Why invest in gold?
by Sasha Naryshkine | 09-APR-09 | 1 comments
Why are investors mad about a metal which has few purposes except pleasing spouses, asks Sasha Naryshkine. Read >Alarm bells ring for gold
by Allan Seccombe | 08-APR-09 | 0 comments
The massive influx of scrap gold so far this year has dwarfed the declining amount of gold used to make jewellery. Investment inflows are not going to last for too many more years. What does this mean for prices in the next four or five years? Read >Gold moves over for poor cousin silver
by Reuters | 07-APR-09 | 0 comments
Persistently high gold prices mean the time has come for silver to reassert its credentials as a jewellery material and a store of value, analysts say. Read >Wednesday deadline for Pamodzi Gold
by Allan Seccombe | 06-APR-09 | 0 comments
Pamodzi Gold has until Wednesday at the very latest to raise R200m otherwise all its mines will be put into provisional liquidation and buyers sought. Read >Pamodzi Gold finances worse than expected
by Allan Seccombe | 06-APR-09 | 0 comments
The state of Pamodzi Gold's finances are far worse than expected, says one of the judicial managers, who said he's yet to see proof of the latest reported capital injection into the beleaguered junior. Read >India gold imports grind to a halt
by SAPA-AFP | 03-APR-09 | 0 comments
Scrap and gold coin sales bring Indian gold imports to a halt for two months. India is the world's largest gold buyer. Read >Great Basin a beckoning oasis
by Ines Schumacher | 02-APR-09 | 0 comments
In a world where there's currently little value to be had for the investor, a company such as Great Basin Gold is a bit of a money oasis. Read >AngloGold misses March quarter target
by Ines Schumacher | 02-APR-09 | 0 comments
AngloGold Ashanti estimates it produced 2.5% less gold than it expected in the first quarter of 2009, but analysts play down magnitude of the forecast for what has been a difficult three months. Read >Newmont Mining eyeing acquisition targets
by Reuters | 02-APR-09 | 0 comments
Newmont Mining is targeting a number of acquisitions given its strong balance sheet and strong bullion prices. Read >Mwana to restart Zimbabwe gold mine
by Reuters | 25-MAR-09 | 0 comments
Mwana Africa will soon re-open its Zimbabwe gold mine because of welcomed changes in legislation governing export procedures. It is also considering whether to restart its nickel mine. Read >Burkina Faso eyes Africa's fourth gold spot
by Reuters | 23-MAR-09 | 0 comments
Burkina Faso intends becoming Africa's fourth-largest gold producer in the next three years, making the West Africa region a top gold destination. Read >Opportunity knocks for mining M&A in '09
by Ines Schumacher | 16-MAR-09 | 0 comments
Mid-cap mining companies will find it harder to fund development in 2009 and will become vulnerable to cash-rich majors and possibly gold companies looking to diversify their assets. Read >IAMGOLD acquires new flagship asset
by Ines Schumacher | 25-FEB-09 | 0 comments
IAMGOLD has acquired Orezone and its Essakane project with plans to make it the company's new flagship gold asset. Read >Pamodzi soars despite more bad news
by Brendan Ryan | 18-FEB-09 | 0 comments
Pamodzi Gold shares jumped 57% this morning despite yet more bad news from the company which stated it had not received half of its promised R400m. Read >Murenbeeld reckons gold will reach $2,300
by Brendan Ryan | 11-FEB-09 | 0 comments
Gold "guru" Martin Murenbeeld is forecasting gold at $995/oz by the end of the year but his long-term forecast is for it to reach $2,300/oz. Read >Randgold nearly a "sustainable" mining firm
by Allan Seccombe | 09-FEB-09 | 0 comments
If Randgold Resources pulls the trigger on the Massawa project in Senegal in a couple of years' time, it will finally be a sustainable mining company, says CEO Mark Bristow. Read >Key AngloGold prospects suspended
by James Monteiro & Allan Seccombe | 09-FEB-09 | 0 comments
Work at the 12 million oz La Colosa prospect in Colombia, which plays a major role in AngloGold's growth plans, has been suspended due to environmental permit issues. It will be months before work resumes. Read >AngloGold records $1.25bn impairment
by Allan Seccombe | 09-FEB-09 | 0 comments
AngloGold Ashanti records a large impairment against the assets it gained in the merger with Ashanti Goldfields five years ago. It is the final piece in the massive restructuring the company has undergone. Read >Afgold plots growth, ponders consolidation
by Allan Seccombe | 03-FEB-09 | 0 comments
Aflease Gold ponders consolidation of the Australian junior gold sector, but its immediate focus is on extracting 500,000 oz/year of gold from its existing suite of assets over the next five years. There are some potential pitfalls along the way. Read >DRDGOLD gets more from Mintails
by Brendan Ryan | 02-FEB-09 | 0 comments
DRDGOLD scores again taking a 50% stake in one of Mintails’ West Rand operations as it continues its acquisition of assets from its troubled partner. Read >Gold Fields goes solo on uranium
by Brendan Ryan | 29-JAN-09 | 0 comments
Gold Fields will make a final decision on its new uranium plant by December and it looks like the group will "go it alone" with the development instead of getting into a joint venture. Read >Gold Fields to miss 1m oz target
by Allan Seccombe | 29-JAN-09 | 0 comments
Gold Fields will miss its one million oz/quarter target in the March quarter as the sharp decline in the copper price is felt. Operationally, though, the group expects a strong performance. Read >No more large asset sales by AngloGold
by Allan Seccombe | 28-JAN-09 | 0 comments
INTERVIEW - AngloGold Ashanti is nearing the end of an intense restructuring period with the $1.1bn sale of its stake in Boddington. There are no more big-ticket items left on the table as the company looks towards growth in 2010. Read >Aflease Gold to earn cash from May
by Allan Seccombe | 28-JAN-09 | 0 comments
Aflease Gold will generate an early cash stream from a small mining operation that will initially feed the plant at its Modder East project which is currently being built. There are plans to increase gold output at Sub Nigel. Read >Gold beats platinum
by Brendan Ryan | 26-JAN-09 | 1 comments
Financial services firms JP Morgan and RBC Capital Markets agree: the yellow metal should outperform platinum over the next year. Read >Arson knocks Harmony's gold output
by Allan Seccombe | 22-JAN-09 | 0 comments
Harmony has fired workers after three cases of arson at one of its high-grade mines crimped December output. There's a worry these fires could negatively impact March quarter production. Read >Mine training fears loom in SA
by Ines Schumacher & Allan Seccombe | 22-JAN-09 | 0 comments
There are fears training programmes in South Africa's notoriously dangerous mining sector could be a casualty of the downswing in global commodity prices. Gold Fields may scale back its much-vaunted training academy. Read >Aflease go-ahead for BMA merger
by Brendan Ryan | 21-JAN-09 | 0 comments
Aflease Gold has given a resounding yes to a proposed merger with Australian miner BMA Gold, bringing it closer to raising much-needed funds to complete its Modder East mine Read >JCI investors await a "miracle" deal
by Allan Seccombe | 19-JAN-09 | 0 comments
A long-awaited vote on whether JCI should merge with sister Brett Kebble company Randgold & Exploration was delayed by two weeks as investors hold out for an overdue deal with Investec that could add millions to JCI's NAV. Read >2009 gold price revised down
by Jade Menezies | 19-JAN-09 | 0 comments
Standard Bank clips $80 off its forecast for the average 2009 gold price because of easing demand and less metal coming onto the market. Read >Biggest fall in SA gold since Boer War
by Allan Seccombe | 15-JAN-09 | 0 comments
South African 2008 gold output puts in its biggest fall since Britain went to war with the Boers. The once dominant producer is now lying in third place in global rankings of leading gold suppliers. Read >Gold headed for fresh record highs
by Allan Seccombe | 15-JAN-09 | 0 comments
Gold prices are likely to top fresh peaks in the first half of this year because of the dire state of the global economy and increased demand for the metal, says GFMS. Read >Can Placer mine South Deep?
by David McKay | 19-JUL-05 | 0 comments
A report this week by Canadian stockbroker RBC Capital Markets criticised Placer Dome for bumping up gold reserves at its South African mine, South Deep. Was that fair? Read >Harmony stands ground on Gold Fields
by David McKay | 10-MAR-05 | 0 comments
Harmony Gold attempted to burn away the cloud of speculation over its bid for Gold Fields. It also conceded that it made a mistake in its reserves and resources statement, and raised the prospect of asset impairments. Read >Williams defends WGC’s gold fund
by David McKay | 13-DEC-04 | 0 comments
In the second part of an interview, Kelvin Williams, AngloGold Ashanti marketing director, says gold has enough momentum even without dollar weakness. He also defends the World Gold Council’s ETF, StreetTRACKS. Read >
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