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Monument Mining obtains Malaysia federal stay order pending hearing

By: Henry Lazenby     Updated 5 minutes ago Malaysia-focused gold producer Monument Mining on Monday said that it had obtained a stay from the Federal Court against the Court of Appeal's order forcing the company to deposit $9.4-million into a joint account maintained by legal counsels of the respective parties to a lawsuit regarding a... 

Peabody beats Street Q3 forecast as Australian cost savings lifts results

By: Henry Lazenby     Updated 26 minutes ago US coal producer Peabody Energy’s NYSE-listed stock was on Monday trending lower despite the company reporting a much narrower loss than what Wall Street analysts were expecting, mainly supported by lower costs at its Australian operations. For the three months ended September 30, the St Louis,... 

Peabody beats Street Q3 forecast as Australian cost savings lifts results

Global supply glut increases downside risks – Moody’s

By: Henry Lazenby     Updated 2 hours 42 minutes ago A growing oversupply in the iron-ore market was damaging the credit quality of producers and posed risks to the downside, Moody's Investors Service said last week in a sector comment ‘Iron-ore supply increases pose risk to market fundamentals’. Owing to an aggressive supply push by the major... 

Global supply glut increases downside risks – Moody’s

Randgold asks DRC to match local investment, maintain positive legal climate

By: Henry Lazenby     Updated 3 hours ago While Randgold Resources’ Kibali gold mine, in the Democratic Republic of Congo (DRC), continued with its scheduled ramp-up, the company on Monday appealed to the local and national governments to match the nearly $600-million investment in the local economy, and to maintain an investor-friendly... 

Randgold asks DRC to match local investment, maintain positive legal climate

Niko Resources’ stock tumbles after Indian govt announces new gas price

By: Henry Lazenby     Updated 3 hours ago Calgary-based Niko Resources, which has oil and gas exploration operations across Southeast Asia, on Monday said that it was currently evaluating the impact of the Indian government’s new domestic gas pricing policy on its assets in the country. The company’s TSX-listed stock on Monday fell by... 

Shanta delivers record gold output, hikes New Luika resource

By: Natasha Odendaal     Updated 6 hours ago London-listed Shanta Gold on Monday reported record gold output for the third quarter of the year. The East Africa-focused gold production and exploration company delivered 22 720 oz of gold during the three months to September, up 4% from the 21 940 oz delivered during the second quarter of the... 

Gold Fields on track to reach full-year production target, cost estimates revised downwards

By: Leandi Kolver     Updated 6 hours ago Gold miner Gold Fields on Monday announced that its attributable gold equivalent production for the three months ended September as expected to be about 559 000 oz. All-in sustaining costs (AISC) and all-in costs (AIC) for the third quarter were expected to be about $1 074/oz and $1 096/oz... 

Fraser Alexander appoints interim CEO

By: Chantelle Kotze     Updated 6 hours ago Jaap Nel has stepped down as CEO and as a member of the board of directors of mining solutions company Fraser Alexander, which is a subsidiary of Royal Bafokeng Holdings. His resignation is effective October 13. 

Fraser Alexander appoints interim CEO
Photo by Duane Daws
Fraser Alexander interim CEO Velile Nhlapo

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