Tjate platinum project, South Africa

The proposed project comprises three contiguous farms, totalling 51,43 km2 in the eastern Bushveld: namely Dsjate, Fernkloof and Quartz Hill.

SARB approves First Uranium's Ezulwini gold stream deal

JSE- and TSX-listed First Uranium on Tuesday reported that the South African Reserve Bank has approved the gold-streaming transaction with Vancouver-based Gold Wheaton (GW). In November, First Uranium announced that Gold Wheaton would purchase 7%...

Gold investments forecast to perform strongly, given vulnerability of currencies

Owing to deteriorating economic conditions, sovereign currencies are increasingly vulnerable, with gold being the one commodity currency that is able to provide assurance and strength in these difficult times, says SA Bullion founding director...

Gill Marcus steps down from Gold Fields board

South African mining company Gold Field reported on Tuesday that Gill Marcus would resign from its board, effective from July 20. Marcus’ resignation followed her appointment as Governor of the South African Reserve Bank, effective from...

SA Bullion announces merger with Aurum Gold Investor Services

Investment facilitator SA Bullion Fund Management, which holds a dispensation granted by the South African Reserve Bank to facilitate investments into gold Krugerrands, has merged with black-owned Aurum Gold Investor Services, the company...

Thabex sells stake in Angel Diamonds to UK firm

Diversified exploration company Thabex would sell 9,33% of its interest in Lesotho-based diamond-miner, Angel Diamonds, to UK diamond exploration company, Mantle Diamonds. The South African explorer said on Wednesday that it and five other...

Thabex, KCM listings suspended on JSE

The JSE on Wednesday suspended the listings of two South African junior miners after they failed to comply with the listing requirements of the JSE. Junior mining and exploration company Thabex and diamond junior Kimberley Consolidated Mining...

Gold Fields sells Sino Gold stake to Eldorado, global expansion strategy still ‘intact’

South African gold-miner Gold Fields’ decision to sell its 19,9% stake in China-focused Sino Gold would not change the company’s aspiration to grow its international production, says CEO Nick Holland. The JSE-listed Gold Fields announced on...

Real Economy Report

This is the Real Economy Report. Our top stories this week: it's a blast as microdots prove their mettle; gold junior Gold One eyes the Toronto Stock Exchange; and, Synovate announces quality vehicles of the year.

Pamodzi Gold liquidators choose job preservation over fire sale

Liquidators are normally associated with selling assets as fast as possible and distributing the proceeds to the creditors. But not so the provisional joint liquidators of Pamodzi Gold’s North West, Free State and East Rand gold mines.

Pamodzi Gold liquidators choose job preservation over fire sale

Liquidators are normally associated with selling assets as fast as possible and distributing the proceeds to the creditors that have appointed them, under the supervision of the Master of the Supreme Court. But not so the provisional joint...

Simmers on site at Pamodzi’s Orkney gold mine as mystery funder offers $40m

As the liquidation date of Pamodzi Gold’s Orkney gold mine was extended, the provisional liquidators reported that JSE-listed gold miner Simmer & Jack was on site at Pamodzi Gold's Orkney gold mine undertaking a due diligence study – and also...