Auryx to accelerate Namibia project after July listing on TSX

The Namibia-focused exploration and development company Auryx Gold, which will list on the TSX at the beginning of July, brings together an interesting mix of people. The chairperson of the new company is Bongani Mtshisi, who is BSC Resources...

Anglo Platinum appoints Neville Nicolau as CEO

World number-one platinum producer Anglo Paltinum (Angloplat) on Tuesday announced the appointment of former AngloGold Ashanti COO Neville Nicolau (48) as its new CEO, effective June 1. This came after Ralph Havenstein quit the top job in August...

Lonmin reorganises, hopes for consolidation

World number three platinum producer Lonmin hopes that 2008 will be a year of transformation for the company, which has been seeking to overhaul itself, to address the problems it has been suffering from over the past year or so. These problems...

Lonmin warns on cost pressures, reworks '08 production target

World number-three platinum-miner Lonmin said on Wednesday that it would once again miss the elusive one-million ounce production mark in 2008, after staff hassles and a fire at its smelter marred its results for the year ended September 30. Its...

Newcomer Xstrata aspires to top-three position

Diversified giant Xstrata has its finger planted on the fast-forward button with its platinum growth plans in South Africa, and experts say that we can expect the kind of action that has made the miner what it is today, the fifth-biggest in the...

Newcomer Xstrata aspires to top-three position

Diversified giant Xstrata has its finger planted on the fast-forward button with its platinum growth plans in South Africa, and experts say that we can expect the kind of action that has made the miner what is today, the fifth-biggest in the world.

Gold scales 28-yr high, pundits forecast further gains this year

The gold price scaled a 28-year high on Thursday, according to Reuters data, and the bulls are expected to charge on until the end of the year, should the US economy's performance meet market watchers' expectations. That's according...

Xstrata makes R7,5bn cash offer for Eland

Diversified mining giant Xstrata has made a friendly offer to buy junior platinum firm Eland Platinum for R7,5-billion (about $1-billion) in cash, it said on Tuesday. This was a 14% premium over the current 30 day volume-weighted average pric,...

Harmony takes a beating on loss forecast, Swanepoel's surprise exit

The latest casualty in an exodus of South African mining executives over the past week is Harmony Gold Mining (Harmony) CEO Bernard Swanepoel, who sprung his resignation on the market on Monday afternoon. On the same day, the company posted a...

Market caught off guard as Angloplat's Havenstein quits

World number-one platinum producer Anglo Platinum (Angloplat) CEO, Ralph Havenstein, shocked investors and analysts alike on Monday by announcing his resignation from the group, effective August 31. Havenstein made the announcement after presiding...