Aquarius shares fall as quarterly output drops 7%

Johannesburg- and London-listed Aquarius Platinum on Monday reported a 7% quarter-on-quarter production drop as ongoing Section 54 safety stoppages, seasonal absenteeism, labour ‘go-slows’ and poor ground conditions negatively impacted...

Gold One misses target, blames labour

South African gold miner Gold One has blamed labour actions and the slower-than-expected start up of operations following the Christmas break, for missing its March-quarter production forecast by 9%, or 6 375 oz. The ASX- and JSE-listed miner...

Company Announcement: Recommencement of Drilling at the Imaloto Coal Project

Lemur Resources Limited is pleased to announce the recommencement of the Western Drilling Programme, which forms part of the Phase III exploration programme on the Imaloto Coal Project and Extension, located in the Imaloto coal basin of South West...

Village Main Reef says Q3 output 5% short of forecast

JSE-listed Village Main Reef reported on Thursday that its third-quarter gold production fell 2 021 oz short of its targeted output. The South African miner produced 38 508 oz in the quarter, ended March 31, which was 14% below the levels...

Company Announcement: Update on Transaction with ECE

Further to its release of 18 January 2012, TNG Limited advises that it has reached agreement with Ao-Zhong International Mineral Resources Pty Ltd to extend the date for completion of the foreign investment approval condition in the subscription...

Gem Diamonds sees prices strengthening by mid-2012

Global economic uncertainty is still likely to cause volatility in the rough diamond market in the first half of 2012, but prices should improve in the second half, the chairperson of London-listed Gem Diamonds said on Tuesday. Roger Davis said...

Imaloto coal project's main seam to deliver 100% yield

Preliminary benefication studies for Madagascar-focused coal exploration company Lemur Resource’s Imaloto coal project in south-west Madagascar have been completed with results indicating that the main seam has the potential to generate an...

Deloitte WA Index up 1.5%, Woodside reclaims top ranking

The market capitalisation of Western Australia-listed companies that comprise advisory firm Deloitte’s WA Index increased by 1.5% during February, to close at A$168.3-billion. Advisory firm Deloitte said that reported gains had been...

Company Announcement: AngloGold Ashanti Profit Surges to Record $1.3bn; Doubles Dividend

(ANGLOGOLD ASHANTI) – AngloGold Ashanti posted record full-year adjusted headline earnings* of $1.3m and boosted its dividend to further improve cash returns to shareholders.

Assay labs race to boost capacity as exploration burgeons

Surging metals prices over the last two years have brought about a boom in exploration, putting pressure on drill rig suppliers and the mineral laboratories that test the core samples with companies having to wait longer than six months for assay...

Nkwe expects resolution around farm dispute shortly

Embattled platinum developer Nkwe Platinum on Wednesday reported that it was hoping to resolve an ownership dispute regarding its platinum group tenements in South Africa, within the next two weeks. During December last year, Nkwe and its...

Burnstone FY production falls short of guidance

Great Basin Gold (GBG) continues to face challenges in the production build-up programme at its Burnstone mine in South Africa, it reported on Monday, as production from the mine fell 6 000 oz short of its revised guidance. The mine, near...