South African govt safeguarding Implats as Zimbabwe indigenisation bites

South African major Implats has struck a deal with Zimbabwe that assures the JSE-listed company of fair cash compensation, the prospect of continued unfettered expansion and the potential freedom of the once-empowered, always-empowered advantage,...

AngloGold parries nationalisation, embraces ultradeeps as gold soars

Booming South African gold miner AngloGold Ashanti, with record 68%-up second-quarter earnings of $342-million and a generous dividend boost, gave notice of its intention to deliver a nationalisation-parrying econo-socio model and is advancing...

Implats withholding Zimbabwe project till govt ‘issues' resolved

Platinum major Implats is withholding further expansionary investment in Zimbabwe until the Zimbabwe government resolves "outstanding issues" and clarifies its latest indigenisation statements. Among those "outstanding issues" is the Reserve Bank...

Impala Platinum’s worst ‘probably not over’, but Zimbabwe shines

The sharply down earnings on lower production, lower platinum-group metals (PGM) prices and higher costs, which characterised the results of JSE-listed Impala Platinum (Implats), may continue in the view of RBC Capital Markets Equity Research....

Strong rand weighs as Harmony wins plaudits for first dividend in half decade

While South Africa's third-largest gold miner Harmony Gold won plaudits on Monday for unexpectedly declaring its first dividend in half a decade, its CEO Graham Briggs was quick to point out to Mining Weekly Online that the company would not be...

Investment demand, ETFs providing platinum price underpin

With the current economic downturn and a struggling automotive industry, which consumes around half of the global platinum supply for use in catalytic converters, platinum demand has experienced a fall for the first time in nine years....

Investment demand, exchange-traded funds providing platinum price underpin

With the current economic downturn and a struggling automotive industry, which consumes around half of global platinum supply for use in catalytic converters, platinum demand has experienced a fall for the first time in nine years.

'Truly believe zinc will be back in 2010/2011' – Exxaro

South African diversified miner Exxaro suffered a loss in its zinc business in 2008, but it is intent on reviewing zinc rather than jettisoning it, even in this period of global economic anxiety.

This is because the company “truly...

Zinc business will improve in 2010/11 - Exxaro

The under-performing zinc business of the JSE-listed Exxaro will improve towards the end of 2010 or early 2011, Exxaro CEO Sipho Nkosi says. The black-controlled South African diversified mining company suffered a loss in its zinc business in...

May 22 rights issue decision for R11,9bn AngloGold hedge cutting

hareholders will on May 22 be called on to ratify the proposal to raise R11,9-billion in equity to fund the part removal of AngloGold Ashanti’s much-maligned gold hedge.

World's ‘least expensive' gold stock lifts 9% on hedge slashing, big Colombian discovery

Share value of the world's ‘least expensive' gold stock rose more than 9% on Tuesday hot on the heels of AngloGold Ashanti announcing that it would raise R11,9-billion from shareholders to slash its much-criticised hedge.

Where's missing 200 000 oz, JP Morgan's Shepherd asks Angloplat

Barry Davison spoke of 3,5-million ounces by 2006 and Ralph Havenstein downed that to 2,8-million by 2007, but current joint acting CEO Duncan Wanblad is not, at this stage, promising beyond 2,4-million in 2008.