Randgold CEO warns bankers about unprofitable gold

2015-11-30 07:37

“The more we continue to produce unprofitable gold, the more pressure we put on the gold price,” says Randgold CEO Mark Bristow.

De Beers IPO could fetch $10bn for Anglo

2015-11-25 20:00

Anglo American, the second-worst performer in the benchmark FTSE 100 this year, could raise more than $10bn by selling its De Beers diamond business, according to HSBC Holdings.

Gold Fields: A last roll of the dice

2015-11-23 07:40

A Gold Fields executive has offered a frank assessment of the company’s only remaining SA mine, describing it as a “broken” business burning through R1bn a year.

Gold Fields soars over 20% on SA mine turnaround

2015-11-19 12:56

Gold Fields has reported improved production and lower cash outflows at its troubled South African South Deep mine, sending shares soaring more than 20%.

Mining no longer cornerstone of SA economy

2015-11-17 15:56

Despite having been the cornerstone of SA's economy for over 150 years, latest GDP figures show other sectors are dwarfing mining's contribution by far.

Lonmin down over 30% as investors flee before rights issue

2015-11-10 13:20

Lonmin has dived to a record low for a second day as investors fled after the platinum producer said it would sell billions of shares at a fraction of the market price.

'It's like coming home' for Harmony's new boss

2015-11-09 14:00

Harmony has hired its former chief operating officer Peter Steenkamp to replace CEO Graham Briggs as the miner battles to cut costs and debt.

35 000 jobs stand between Lonmin and its survival

2015-11-06 07:22

To survive the slump in platinum prices, Lonmin may need to reduce production. The trouble is, it will mean fewer jobs in a country that can’t afford to lose any.

Shanduka on Lonmin: 'We chose not to pay'

2015-11-05 15:05

As Lonmin goes cap in hand to beg for a $400m bailout from shareholders to keep its struggling operations afloat, BEE partner Shanduka says it will walk away from its stake in the company.

Rise and fall of a mining firm that tried to buy Harrods

2015-11-05 07:59

From Cecil Rhodes’ southern African legacy to takeover battles gripping the UK and a massacre at one of its mines, 106-year-old Lonmin risks entering its final act.


Anthea Jeffery: Weasel clause reappears – undermining property rights

2015-11-27 09:23

A new definition of expropriation carries potential risk for all who own farms, houses, mines, and other property in SA, both black and white, warns an analyst.

Van Vuuren: SA’s ‘Zombie’ economy. A Zuma recession on the cards

2015-11-25 12:17

Economic data shows that SA narrowly avoided a recession in the third quarter but many say it’s only delaying the inevitable.

Lonmin shareholders provisionally approve rights issue

2015-11-19 18:19

Lonmin shareholders have provisionally approved the company's proposal to raise $407m in a share issue.

Royal Bafokeng delays upgrade of mine

2015-11-17 18:00

Royal Bafokeng Platinum is to delay the upgrade of its mine by a year as commodity prices sink to record lows.

Robots, a control room – in 5 years you won’t recognise our mines

2015-11-11 17:36

Conventional mining as we know it will soon no longer exist, chief executive officer of South African-based gold miner, Gold Fields, Nick Holland, told a recent forum at the Gordon Institute of Business Science.

Safety stoppages hamper AngloGold operations

2015-11-09 14:47

Regulatory safety stoppages have hampered production at some of AngloGold Ashanti's South African mines, overshadowing good performance at certain operations.

AngloGold posts loss on metal price slump

2015-11-09 08:41

AngloGold Ashanti, the world’s third-largest miner of the metal, has reported a quarterly loss after the metal’s price dropped and production declined.

How to fix SA

2015-11-06 06:30

With SA’s official unemployment rate increasing to 25.5%, the IMF cutting its growth forecast to 1.4% this year, and business confidence at its lowest levels in 22 years, experts share views on what they would do to fix SA.

Investors cheer Harmony's first-quarter performance

2015-11-05 11:02

Harmony Gold's share price has climbed as much as 5.8% as investors cheered an increase in quarterly revenue and output in its local operations.

Lonmin may shut down if share sale fails

2015-11-04 13:30

Lonmin says shareholders risk losses if they block a refinancing plan that includes a stock sale.

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