Anooraq Q3 numbers hit by concentrator halt, safety stoppages

Platinum-group metals producer Anooraq Resources reported lower production and higher costs in the third quarter, after operations at its South African mine were affected by a temporary shutdown of the concentrator and work stoppages enforced by...

Resources Watch

Harmony Gold sets a 1,7-million ounce target for 2011, Anooraq plans to double the profit from its Bokoni mine by 2011, and Russia's ARMZ targets the Uranium One rerating.

Anooraq plans to double profit from Bokoni by 2011

TSX- and JSE-listed Anooraq Resources said on Thursday that it envisaged generating a profit of around R60-million to R70-million from its operations every quarter by January 2011. The platinum miner increased its operating profit by 36% during...

Resources Watch

Platinum miner Anooraq posts a profit, thanks to cost-cutting measures; Wescoal targets a R1-billion market cap as it moves to the JSE's main board; and Canadian Liberal MP John McKay, who tabled the contentious Bill C-300, addresses a gathering...

Anooraq posts a profit, thanks 
to cost-cutting measures

Significant cost cutting initiatives by platinum junior Anooraq Resources has enabled the company to move into positive cash flow territory after successive quarters of running at a cash loss.

Explorer Anooraq's loss widens on appointment-linked expenses

Platinum-hopeful Anooraq Resources increased its net loss to C$7,31-million in the three months ended June 30, compared with a loss of C$1,25-million a year earlier, mainly because of stock-based compensation charges, after the company announced...

Kalgold won’t employ outgoing contract workers

The fate of some 300 mineworkers at Harmony Gold’s Kalgold mine, in the Northern Cape, hangs in the balance after the openpit mining contract between Harmony Gold and DBE Mining was terminated on Monday.

South Reef: ‘it could print money’

Harmony