US firm wants $188m judgment against JCI enforced in SA

US company Hemispherx Biopharma is seeking to enforce a $188-million judgement against JCI under South African law, the JSE-listed company said on Wednesday. The Pennsylvania-based company won a ruling against the former Brett Kebble-owned...

R&E to report higher FY earnings

JSE-listed Randgold & Exploration (R&E) expects to report earnings of between R9,80 a share and R9,88 a share for the financial year ended December 31. This compares with earnings of 48c a share in the previous financial year, the company said in...

Once-iconic JCI is flat broke, seeking ‘urgent’ R30m lifeline

The once-mighty JCI – company of the late Brett Kebble – is flat broke and in “urgent” need of cash to meet obligations that include “salaries and wages”. The JSE-listed company, currently headed by CEO Peter Gray – who was...

R&E shares rise on 'distributions' of R310m

JSE-listed Randgold & Exploration's (R&E's) share price jumped more than 14% on Tuesday, after it announced distributions amounting to R310-million to shareholders. The company, led by CEO Marais Steyn, said in a statement that its board had...

US firm awarded $188m in suit against JCI

Pennsylvania-based Hemispherx Biopharma has won a $188-million ruling against JSE-listed Johannesburg Consolidated Investments (JCI) and former JCI officers Brett Kebble and Hendrik Buitendag, the US firm said on Wednesday. Hemispherx alleged...

Randgold & Exploration posts R792,8m profit

JSE-listed Randgold & Exploration (R&E), led by CEO Marais Steyn, on Wednesday reported a R792,8-million net profit for the six months ended June 30, 2010. This was compared with a net profit of R11-million the year before.

Massive mining opportunity gives forgotten old Agnes gold mine surprise upside

JSE-aspirant Galaxy Gold has spent this whole week in the UK on a road show to convince investors of the efficacy of investing in the junior gold company that wants to turn to account a constellation of 21 virtually virgin orebodies beneath the...

R&E expects big spike in half-year earnings

JSE-listed Randgold & Exploration (R&E) said in a trading statement on Tuesday that the company expected to report earnings of between R10,50 a share and R11,05 a share for the six months ended June 30. This is about a 1 000% rise compared with...

South Deep will prove to be one of the best investments ever made – Gold Fields

South Deep will prove to be one of the best investments ever made, says Gold Fields CEO Nick Holland. “People will look back and say, ‘it was a steal’, in comparison to everything else out there,” Holland says. Gold Fields is positioning...

JSE needs to advance from good to great

The good news is that several more South African mining companies are heading for listings on the JSE, but the more sober reality is that South Africa, as a whole, needs to play a far more effective collective role in advancing this country’s...

JSE needs to advance from good to great

The good news is that several more South African mining companies are heading for listings on the Johannesburg Stock Exchange (JSE), but the more sober reality is that South Africa as a whole needs to play a far more effective collective role in...

Resources Watch

This week: the global mining industry is ‘back to the boom' period; Brett Kebble's cleansed Randgold & Exploration heads back to the JSE; and, diamond demand is now ‘fully back'.