AngloGold urges quick silicosis redress, lawyer says less dust will cut incidence, RBC eases $100bn implied-damage sum

South Africa’s largest gold miner is urging quick action on a compensation structure for silicosis sufferers; a lawyer says that the cutting of dust levels to 0,1mg/mm2 will reduce the rising silicosis problem;and analysts have backtracked on...

AngloGold urges quick action on silicosis compensation

South Africa’s largest gold miner is urging quick action on a compensation structure for silicosis sufferers. AngloGold Ashanti CEO Mark Cutifani tells Mining Weekly Online in a video interview that he would like to see the industry arriving at...

Gold Fields’ extreme makeover to achieve 20% margin irrespective of gold price

JSE-listed gold major Gold Fields will be re-engineering its operations in order to achieve a minimum 20% profit margin after all operational and capital expenditure, says Gold Fields CEO Nick Holland.

Gold Fields, which is chasing a...

Gold Fields wants 20% margin irrespective of gold price

JSE-listed gold major Gold Fields would be re-engineering its operations in order to achieve a minimum 20% profit margin across the group after all operational and capital expenditure, Gold Fields CEO Nick Holland said on Thursday. Gold Fields,...

South African gold mine distress ahead unless rand gold price rises – DRDGold

Many South African gold mines would find themselves in distress unless the rand gold price increased significantly, DRDGold CEO Niël Pretorius said on Friday. Pretorius, who reported an 11% increase in cash operating profit in the March quarter...

Mining Charter dialogue 'very constructive' – AngloGold Ashanti

A confidential peek given by the South African government to the revised Mining Charter was "very encouraging", AngloGold Ashanti CEO Mark Cutifani said on Wednesday. Cutifani said in answer to a question from JP Morgan mining analyst Allan Cooke...

Strong rand weighs as Harmony wins plaudits for first dividend in half decade

While South Africa's third-largest gold miner Harmony Gold won plaudits on Monday for unexpectedly declaring its first dividend in half a decade, its CEO Graham Briggs was quick to point out to Mining Weekly Online that the company would not be...

Rights issue an option – Angloplat

The world’s largest platinum company, Anglo Platinum (Angloplat), with net debt of R17,9-billion, was reviewing all balance sheet options including a rights issue, Angloplat CEO Neville Nicolau said on Monday. Nicolau, in reply to Mining Weekly...

New Kroondal shaft already producing, says the new MD of Aquarius Platinum South Africa

The new K5 shaft being developed at Kroondal Platinum Mine is progressing well and more replacement shafts are planned at Marikana, new Aquarius Platinum South Africa MD Anton Wheeler tells Mining Weekly in an exclusive interview.

Outlook for South Africa's 'big five'

Chamber of Mines CE Mzolisi Diliza reminded Reserve Bank governor Tito Mboweni, at last year's annual chamber dinner, that the business of mining in South Africa was “by far” the biggest single earner of foreign exchange. Also, Diliza...

Gold demand growth: mixed views on sustainability

A newly-released World Gold Council (WGC) report reveals that consumer demand for gold has improved over the last year, but local gold analysts differ on whether this growth will indeed be sustainable.

Balance expected to return to platinum market

London-based research and consultancy firm Virtual Metals believes that the?platinum market will continue to be robust for the next few years and?expects the metal’s price – which reached a 23-year high of $724/oz at the?beginning of...