Looming 'wall of cash' to bolster miners' expansion capex, M&A

With metals prices expected to firm significantly over the next year, mining companies will see their cash balances rise, which could lead to increased spending on expansions and merger and acquisition activity, HSBC Securities analyst Andrew Keen...

Balance expected to return to platinum market

London-based research and consultancy firm Virtual Metals believes that the?platinum market will continue to be robust for the next few years and?expects the metal’s price – which reached a 23-year high of $724/oz at the?beginning of...

Miners reject AngloGold offer, strike looms

South African mineworkers on Tuesday took employers by surprise, rejecting an increased wage offer by the world's second-biggest gold producer AngloGold and threatened to include the firm in a planned strike against gold companies.

Gold projects to stabilise SA's falling output

A new mantra has emerged at South Africa’s gold-mining houses. And it comprises just two words: organic growth.

SA Gold goes organic

A new mantra has emerged at South Africa’s gold-mining houses.?And it comprises just two words: organic growth.

Costs, rand focus of PGM miners’ results this week

Costs, production and a stronger rand will be in focus when the world's two largest platinum miners Anglo Platinum and Impala Platinum post their results this week, analysts said.

Gencor unbundling expected only after Aug

South Africa’s Impala Platinum said it would seek shareholder approval for a general share buyback as the sale of a major shareholder’s stake in the world’s second-largest producer appeared imminent.

Gold bugs come out to play

South African gold producers cheered a rocketing gold price and the promise of fatter profits on Wednesday, but they saw no immediate impact on production plans in the world's biggest gold mining country.

SA gold No.1 aware of rival bid for Aussie group

South Africa's AngloGold said on Wednesday it was aware of a rival bid for Australia's Normandy Mining and planned to make a further announcement in due course.

Higher gold prices could stymie consolidation

Analysts believe that the firming gold price will increase the sense of urgency among those producers making moves to consolidate the fragmented gold production industry.