Consumers still underpinning SA’s growth, bank shows

Consumption was continuing trumping production in South Africa, Absa Investments GM Craig Pheiffer said on Monday. Real retail sales grew by 3.9% year-on-year (y/y) in January and manufacturing grew 4.1% y/y in February, while mining production...

Patrice Motsepe

Position: Founder and executive chairperson, African Rainbow Minerals (ARM) since 1997; chairperson Harmony Gold; founder chairperson Future Mining 1994 Main activity of the company: Diversified mining company Date and place of birth: Soweto,...

Resources Watch

This week: Eskom is still pursuing a mandatory savings ‘safety net’. Pan African Resources and Wits Gold bid R1.7-billion for Harmony’s Evander mine. And, platinum junior Sable Platinum explores new opportunities along the Bushveld Complex.

Pan African, Wits Gold bid R1.7bn for Harmony’s Evander

JSE-listed Pan African Resources and Wits Gold have entered into an agreement with Harmony to acquire 100% of the Evander gold mine.

Harmony suspends PNG JV operation after quake

Operations at the jointly held Hidden Valley gold project, in Papua New Guinea, have been temporarily suspended following a 7.1 magnitude earthquake. The mine, which is jointly held by ASX-listed Newcrest Mining and South African gold miner...

Harmony achieves record operating profit, revenue

Gold miner Harmony recorded its highest-ever operating profit of R1.3-billion in the three months to September 30, on lower corresponding 2010 quarter production. The strength of the gold price was the overwhelming underpin for the 45% higher...

Harmony to offer strategic guidance on Wednesday

Gold miner Harmony, whose stock has been under pressure since it released worse-than-anticipated results earlier this month, would release a statement on its future strategic plans on Wednesday. Spokesperson Marian van der Walt told Mining Weekly...

Harmony introduces new executive position to improve safety

Gold miner Harmony CEO Graham Briggs on Monday announced that it had created a new executive position to accelerate and improve its safety performance at is South African operations. CEO Graham Briggs said that the company would intensify its...

Carbon tax will inflate mining sector’s tax bill by far less than estimated R26bn – consultant

Climate change management consultancy Promethium has queried the impending carbon tax’s estimated cost to the mining sector.

Resources Watch

This week: AngloGold urges quick action on silicosis compensation MSA to launch new safety products this year And, Harmony to use its hard-fought R333-million tax bonanza to sweeten its Free State projects.

Harmony production falls in the March quarter

Gold miner Harmony reported a 32% increase in March-quarter headline earnings to 91c a share, but gold production and revenue fell. Production dropped 2% quarter-on-quarter to 9 857 kg, or 316 909 oz, and revenue fell by 1% as a result of a 330...

Harmony to use hard-fought R333m tax bonanza to sweeten Free State projects

Gold miner Harmony, which showed grit in winning its battle for a R333-million deferred tax credit from the South African Revenue Service (Sars), is to use the tax break to sweeten its Free State gold projects.