Newcrest lowers 2012 gold production guidance

Gold producer Newcrest Mining on Tuesday lowered its 2012 production guidance as its Lihir operation failed to reach its targeted production rate and heavy rainfall slowed output at Cadia East. Production expectations for 2012 have now been...

Harmony Gold quarterly output falls 18%

JSE-listed Harmony Gold said on Friday its March quarter production would be 18% lower than the previous quarter, as safety stoppages and mine upgrades negatively affected operations. Production was stopped for 17 days at its Doornkop mine’s...

Hidden Valley mine restarts operations after quake

The Hidden Valley mine, in Papua New Guinea, resumed operations on Thursday following a 7.1 magnitude earthquake the previous day. The mine, jointly operated by South African gold-miner Harmony and Australia's Newcrest Mining, temporarily...

Company Announcement: Harmony temporarily suspends its Hidden Valley joint venture operation following an earthquake in PNG

Harmony Gold Mining Company Limited advises it has temporarily suspended operations at its Hidden Valley mine in Papua New Guinea (PNG) as a precautionary measure following a 7.1 magnitude earthquake in PNG early this morning

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...

SA could learn from ‘transparent’ Papua New Guinea – Harmony Gold

South Africa could learn from the “transparent, open and honest” approach of the government of Papua New Guinea (PNG) in facilitating foreign direct mining investment, says Harmony Gold CEO Graham Briggs. Briggs, who was speaking to the media...

Newcrest costs rise as gold output falls, keeps FY guidance

Australia’s largest gold miner, Newcrest Mining, on Thursday reported higher costs and lower output for the September quarter, driven by maintenance shutdowns and high rainfall at its Lihir operations. Gold production for the three months to...

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 earnings fall as costs bite, CEO bullish on gold

Cost pressures and writing down the value of certain mining assets, saw the world’s fifth largest gold producer’s quarterly headline earnings fall by 67%. Harmony Gold, which has operations and projects in South Africa and Papua New Guinea...

Newcrest earmarks A$9bn to boost gold output, double copper production

Australia’s largest gold miner Newcrest Mining would spend some A$9-billion on its projects within the next five years to grow gold production to four-million ounces a year, and to double copper production to 150 000 t/y. CEO and MD Greg...

Newcrest meets FY gold, copper production targets

Australia’s largest gold producer, Newcrest Mining, increased its fourth-quarter gold production by 16% and met its full-year target of 2.7-million ounces, it reported on Thursday. The miner produced 700 124 oz of gold during the June quarter,...

Papua New Guinea’s copper/gold opportunities evoking geological superlatives

Geologists regard Papua New Guinea (PNG) as a rousing copper-gold province. “It’s a place where geologists have great fun,” says Harmony Gold CEO Graham Briggs, who is eager to build Harmony’s second PNG mine in joint venture with...