Company Announcement: Acquire Mine Waste Solutions from First Uranium Corporation

AngloGold Ashanti has agreed to acquire First Uranium (Pty) Ltd (South Africa) (“FUSA”), a wholly owned subsidiary of Toronto-based First Uranium Corporation (“FIUC”) and the owner of Mine Waste Solutions (“MWS”), a recently...

Barberton mine, South Africa

An underground mine, situated in Mpumalanga.

Randgold lifts FY profit to $84m, output rises

LSE- and Nasdaq-listed Randgold Resources on Monday reported a 79% increase in net profit to $84,3-million in the year ended December 31, 2009, compared with a net profit of $47-million the year before. Attributable gold output rose 14% to 488...

Surface gold saves day for recovering DRDGold

JSE-listed DRDGold's new focus on surface production is putting the company on the road to recovery and has enabled it to report a cash-operating profit. DRDGold described as its next natural progression the possibility of becoming involved in...

DRDGold says striking Crown employees return to work

South African gold producer DRDGold on Thursday reported that around 500 workers at its Crown operation had returned to work, after a wage agreement was reached with the National Union of Mineworkers (NUM). Speaking to Mining Weekly Online,...

Daily podcast – October 1, 2009

Vale Inco expects to restart some operations at its Sudbury, Ontario, mill this week; and DRDGold confirms that wage-related strike action at Blyvooruitzicht and Crown mines continuies.

Strike at DRDGold operations begins to take toll on output

JSE-listed gold producer DRDGold confirmed on Wednesday that wage-related strike action at its Blyvooruitzicht and Crown mines were continuing and that the action was affecting production. A total of 4 400 employees and members of the National...

Marampa iron-ore project, Sierra Leone

The near-term work plan for the Marampa project is to evaluate the development of a tailings retreatment operation.

Aussie miner interrogates Sierra Leone iron-ore tailings prospect

Australian resources company Cape Lambert Iron Ore reported on Thursday that it had started an air core drilling campaign of the historical iron-ore tailings at the Marampa project, in Sierra Leone. The tailings resource estimate would likely be...

Gold Wheaton makes first payment for First Uranium gold

Vancouver-based Gold Wheaton has made its first payment to uranium and gold miner First Uranium, as part of a gold-stream deal announced by the companies last month. According to the agreement, Gold Wheaton will buy at least 20 000 oz of gold...

Explorer growing into fully fledged gold miner

Gold mining company Pan African Resources CEO Jan Nelson is positive that the company will become a 500 000 ounce producer within the next five years

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...