Assore reports 48.5% increase in headline earnings

JSE-listed Assore on Wednesday reported a 48.5% headline earnings increase to R2.1-billion for the six months ended December, up from R1.39-billion a year earlier. This was mostly attributed to 50%-owned Assmang’s 57.2% increase in headline...

AngloGold profit surges to record $1.3bn, dividend doubles

The full-year profit of Africa’s biggest gold miner, the JSE-listed AngloGold Ashanti, has surged to a record $1.3-billion and the dividend has been doubled. The full-year dividend of 380 South African cents a share compares with the 2010...

RBPlat expects slight drop in 2011 earnings

Black-empowered platinum miner Royal Bafokeng Platinum (RBPlat) reported on Tuesday that its headline earnings for the year ended December 31, 2011, would decline, but would be within 5% of its 2010 performance. The company was due to release its...

Village Main in R507m binding bid for Lesego

Gold-miner Village Main Reef has concluded binding agreements to acquire a controlling stake in precious metals-miner Lesego Platinum in a R507-million all-share deal. This would be settled through the issue of 253-million Village shares at 200c...

Swanepoel's To The Point has buy option on Metorex's Cons Murch

Emerging mining company To The Point has secured an option to buy the Consolidated Murchison antimony-gold operation, which it is restructuring for Metorex, Bernard Swanepoel tells Mining Weekly Online. The JSE-listed Metorex said on raising its...

ARM says earnings could fall by as much as 81%

Diversified miner African Rainbow Minerals (Arm) on Thursday said it expects its 2010 interim headline earnings a share to be between 79% and 81% lower than the R10,55 a share recorded in the first half of the 2009 financial year. It expected to...