FACE TO FACE AT THE ROCKFACE

AngloGold Ashanti's adjusted headline earnings more than doubled to $129-million after posting lower costs and higher production from its mines in South Africa and the Americas. "This is the kind of earnings growth we can generate when our...

Gold outperforms other commodities

International banker Credit Suisse Standard Securities gold analyst Dr David Davis says that the gold price has not been immune to the global financial crisis, but it has outperformed other commodities.

AngloGold looking to grow to 6 Moz a year - Cutifani

South Africa-based gold major AngloGold Ashanti was looking to growing its production base by one-million ounces organically from five million ounces a year to six-million ounces a year, CEO Mark Cutifani said on Monday. Delivering on each of its...

Gold has ‘substantial upside', $1 000/oz ‘eminently achievable' - Gold Fields

Gold had "substantial upside" and a gold price of $1 000/oz was "eminently achievable" in 2009, Gold Fields CEO Nick Holland said on Thursday. Holland told Mining Weekly Online that the gold price increase could not have happened at a better time...

Implats, Mvela, Northam share prices fall as platinum deal is terminated

The share prices of Impala Platinum (Implats), Mvela Resources and Northam Platinum fell on the news that the proposed Implats-Mvela-Northam platinum transaction had been terminated. Northam's share price fell 24%, Mvela's 20% and Implats' shares...

Daily podcast – December 11, 2008

In today's podcast: Anglo Platinum is not in a financial position to resist the current crisis in the platinum-mining industry; and South Africa's power crisis and an urgent need for new energy sources should protect Anglo American's coal business...

Angloplat can't financially resist current crisis, industry at ‘crossroad' - analysts

The world's largest platinum company Anglo Platinum (Angloplat) was not in a financial position to resist the current crisis in the platinum-mining industry, which was at a "crossroad", Credit Suisse Standard Securities research analysts Dr David...

Gold production 'in crisis' – AngloGold Ashanti CEO

Gold production was “in crisis” and a gold price of $900-to-$1 000/oz was needed to arrest the downward trend, AngloGoldAshanti CEO Mark Cutifani said on Thursday. Cutifani said that the world had seen a decline in the production of gold...

Global PGM production deficit hikes platinum prices

Specialty chemical company Johnson Matthey’s platinum group metals (PGM) statistics showed that the platinum market moved from a surplus of 355 000 ounces in 2006 to a deficit of 480 000 ounces in 2007, ultimately, driving the platinum price...

Daily podcast – July 31, 2008

In today's podcast: ArcelorMittal South Africa will roll over its prices in September, South Africa's targeted CPIX inflation accelerated to a new record high in the year to June, and the South African platinum mining industry was expanding "too...

‘Too rapid’ mining pushing platinum into ‘significant oversupply’ – Credit Suisse

The South African platinum mining industry was expanding “too rapidly”, making it “highly likely” that platinum and rhodium would go into “significant oversupply” in the medium to long term, negatively impacting prices, Credit Suisse...

May 22 rights issue decision for R11,9bn AngloGold hedge cutting

hareholders will on May 22 be called on to ratify the proposal to raise R11,9-billion in equity to fund the part removal of AngloGold Ashanti’s much-maligned gold hedge.