Harmony mulls disposals, share buy-backs as it seeks to unlock value

The world's fifth-largest gold-miner Harmony Gold noted on Wednesday that it would not be opposed to disposing of some of its South African assets if it was able to find appropriate investors, offering the right price. It also indicated that it...

22/04/2011 (On-The-Air)

An avalanche of global interest has come down on South Africa’s nifty new electronic mining register; South Africa’s Harmony Gold intends building a R20-bn mine in Papua New Guinea and Minerals Minister Susan Shabangu is set to be rooting out...

Newcrest may improve structure of A$9,2bn Lihir bid

Australia’s biggest gold-miner Newcrest is prepared to change the structure of its A$9,2-billion takeover offer for smaller rival Lihir, chairperson Don Mercer said on Tuesday. He said that after consulting with shareholders, Newcrest was...

Harmony Gold is ‘geared 
for gold bulls’

Graham Briggs and his team have turned Harmony Gold from five years of losses into a quarter of R1,6-billion in free cash and no debt.

CEO Briggs is hearing the sound of cash in the till and is enjoying every minute of it.

Behind the...

Cash-flush, dividend-mulling Harmony Gold looks to 2,2m oz a year

After succeeding in reversing five years of losses and hearing the sound of cash in the till, an upbeat Harmony Gold CEO Graham Briggs spoke on Friday of the company’s ramp up towards the production of 2,2-million ounces of gold a year post...

Harmony Gold looks forward to being debt free

South Africa’s Harmony Gold is hankering for the days when it will be free of debt. Harmony CEO foresees that happening by the middle of next year. “We’ll be a different company,” he says, able to contemplate not only further organic...

Harmony’s mountain of tailings to the rescue as bullion price turns down

Precious metal prices are hard to predict these days. The day before Harmony Gold presented its full year results in the 12 months to June, the gold price slumped and looked like settling below R200 000/kg or the first time since December.

Miners working to secure energy after W Australia gas explosion

Miners in Western Australia were considering their options on Friday, after damage caused by an explosion that severed natural-gas supplies from an offshore plant appeared likely to take at least two months to repair. On Tuesday, a pipeline...

Newmont puts seal on Boddington project

North American gold-miner Newmont has announced that it will proceed with the development of the Boddington project in Western Australia together with AngloGold Ashanti of South Africa.

AngloGold awaits Newmont, Newcrest decision on Boddington

One of the world's largest gold miners, AngloGold Ashanti, has sanctioned the Boddington project at board level and now waits for its joint venture partners Newmont and Newcrest and to also sanction the project.