Higher gold price needed to sustain mining – Gold Fields

Gold will need a higher price to sustain mine production, says Gold Fields CEO Nick Holland. Announcing lower net group March quarter earnings of R2 082-million ($268-million) compared with higher December quarter earnings of R2 605-million...

Fraser Alexander celebrating 100 years of service to mining

South Africa’s Fraser Alexander, which has been providing customised solutions to the mining industry since 1912, this year celebrates 100 years of service to the resources sector. Fraser Alexander and his cousin Fred Alexander founded the...

Critically minded geologists needed to improve yield of Wits basin

There is a significant need to develop critically-minded geologists that are prepared to question the current exploration models to improve the chances of gold discovery in South Africa, notes owner of Australian geology consulting practice...

New initiative aiming for 50% decrease in new TB, HIV infections in Southern Africa by 2015

A collaboration between the Southern African Development Community (SADC), the World Bank, nongovernmental organisation (NGO) the International Organisation for Migration, and NGO Stop TB Partnership will soon see the roll-out of an ambitious...

Fatality trend ‘concerning’, silicosis studied – Gold Fields

The trend in the rate of fatalities at Gold Fields is “deeply concerning”, says CEO Nick Holland, who adds that the company is also assessing its potential exposure to the claims of silicosis sufferers, in the light of the recent...

Developments in SA’s gold-mining industry

South Africa is currently the world’s fourth-largest gold producer, having been ousted from the number-one position in 2007, after over 100 years as the world’s largest contributor to global gold production.

Zoellick's call is yet another boost for gold – Randgold Resources

The call of World Bank president Robert Zoellick for a global standard to guide currency rates is yet another boost for gold, says Randgold Resources CEO Dr Mark Bristow. Zoellick, a former US trade representative who served in several Republican...

SA gold industry facing ‘headwinds' – Gold Fields

The headwinds that the South African gold-mining industry is facing are "very significant", says Gold Fields CEO Nick Holland. Holland, who was speaking at a Gold Fields media round-table briefing in Johannesburg, says that the headwinds have...

Power price risk stopping projects – Harmony Gold

New long-term electricity-intensive gold projects are being rendered unbankable in South Africa because of the uncertainty surrounding the future price of electricity, says Harmony Gold CEO Graham Briggs. "Increased electricity cost risk is one...

Onerous Eskom winter surcharge may be illegal – DRDGold

The onerous surcharge that the State-owned power utility Eskom imposes on mining companies during winter months on top of its already significantly increased normal tariff may constitute unfair monopolistic pricing practice that is legally...

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,...

Three Harmony workers killed in explosion

The South African gold mining industry has yet again claimed more lives, as three workers died in an underground explosion at Harmony Gold's Phakisa mine in the Free State. Two other employees were also seriously injured and were being treated at...