Denver-based molybdenum producer Thompson Creek Metals is determined to put its sizeable cash balance to work in acquiring a near-production asset “as soon as possible”, although it may have to wait a bit for asset prices to fall in line with...
Gold futures in New York rose to a record above $1 100/oz on Friday as the dollar eased in the wake of disappointing US employment data.
At 9:48 a.m. EST (1448 GMT) December gold was up $10,20 at $1 099,50 an ounce at the COMEX division of the...
The South African government had completed its review of the Mining Charter, Mineral Resources Minister Susan Shabangu said on Tuesday.
Shabangu said at the annual general meeting of the Chamber of Mines (CoM) that she was aware that the CoM...
The underlying logic of the call to nationalise South Africa's mining industry was the mining sector's status as "a precious gem in our country's sovereign crown", Chamber of Mines (CoM) president Sipho Nkosi said in Johannesburg on Tuesday....
The TauTona shaft of gold miner AngloGold Ashanti has been closed for two months, which will mean a 1 500 kg loss of gold production.
The shaft has been closed so that repair to steelwork can take place safely, following the falling down a sub...
South Africa Incorporated needed to thrash out a workable, collective solution to its electricity pricing issue, which, together with the strong rand, was putting the country's future employment capacity at significant risk, AngloGold Ashanti CEO...
South Africa needed to apply its mind to solving the electricity price issue to avoid widespread knock-on effects that would seriously stunt economic growth and spark a new round of wage demands, Harmony Gold CEO Graham Briggs said on Friday.
The...
Plans for the build-up of JSE-listed gold major Gold Fields’ 50-year-life mechanised South Deep mine are progressing rapidly, states Gold Fields vice-president and head of South African operations Vishnu Pillay.
JSE-and Nasdaq-listed gold miner DRDGold has plunged into a R63,3-million net loss in a September quarter of seismicity, labour and currency hardships.
"There was almost a conspiracy of challenges in the last few months," DRDGold CEO Niel...
Even though most recent production results for Gold Fields Australian mine, St Ives, were below-par, the goal remains to quickly move the mine back to being a 500 000-oz/y producer of gold, said Gold Fields Australasian executive vice president...
The soon-to-be-listed Aurora Empowerment Systems was destined to be a major gold player, Zondwa Mandela, Nelson Mandela's grandson, said on Wednesday as he clinched another significant gold acquisition and revealed, under questioning, that he had...
South Africa's power utility Eskom confirmed on Tuesday that it was pushing ahead with plans to renegotiate commodity-linked electricity tariffs with resources groups, such as BHP Billiton, whose aluminium smelter investments in South Africa and...
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