AngloGold faces South African dilemma

2019-01-20 17:43

Two decades ago, Anglo American created the world’s No. 1 gold miner by merging its South African assets. Having long since been eclipsed by its rivals, AngloGold Ashanti may need to leave home to keep up.

Gold producers urge unions to consider 'credible' new wage offers

2018-08-02 20:19

Gold producers have tabled a new set of three-year wage offers for unions to "carefully consider" saying the sector is facing a difficult business climate.

All job levels affected, says AngloGold on latest cuts

2018-05-23 16:21

AngloGold Ashanti says it has made "the difficult decision" to restructure the company to support a smaller footprint in South Africa, reducing production by about 50%.

AngloGold Ashanti in talks to sell Kopanang Mine

2017-09-15 15:54

It did not name the potential buyer, not give any indication of what price it would ask for the mine.

Zwane warns AngloGold about job cuts

2017-06-30 19:32

The information provided by AngloGold Ashanti for contemplating retrenchments of over 8 000 workers must be verified, says Mineral Resources Minister Mosebenzi Zwane.

De Beers studies soaking carbon into diamond-mine waste rock

2017-05-04 17:51

De Beers, the world’s biggest diamond producer by value, has said it could operate a carbon-neutral mine within half a decade.

Africa squandering its golden opportunity - CEO

2017-02-07 11:35

African countries need to move away from the short-term mindset and focus on long-term goals to unlock the potential of untapped gold reserves, says Randgold Resources CEO.

SA to exhaust gold reserves in 38 years

2016-11-20 12:45

Gold production has come down more than 50% in a decade.

Gold firms form working group on lung disease

2016-03-20 13:26

SA gold-mining firms, some of which are being sued for incidents of lung disease, have formed a working group to pay compensation and prevent new cases occurring.

Gold talks go to CCMA as Amcu brings up thorny overtime issue

2015-08-26 17:35

The Chamber of Mines will now meet all four unions in the gold sector at the Commission for Conciliation, Mediation and Arbitration (CCMA) after its “final” offer was rejected by almost all of the organised groups.


DRDGOLD reports operating profit increase of 38%

2018-09-05 12:35

Shares in the JSE-listed gold producer and recovery specialist rose on upbeat consolidated provisional results for the year ended June 30, 2018.

Gold Fields back at investment grade following Australian growth - Moody's

2018-06-27 12:07

Moody's said Gold Fields had successfully reduced its reliance on its South Deep reserves west of Johannesburg by upping production in Australia.

Billionaire Agarwal hires AngloGold's CEO to run Vedanta

2018-04-16 14:04

AngloGold's Srinivasan Venkatakrishnan, who takes over from interim CEO Kuldip Kaura, will leave the mining group in late August to join Vedanta.

AngloGold 'notes' new Tanzanian mining laws

2017-07-05 17:52

AngloGold Ashanti says it notes that the Tanzanian Parliament has approved legislation that will enable its government to renegotiate contracts with mining and energy companies.

Illegal strike at Cooke Mine sees Sibanye lose R160m

2017-06-30 11:24

Sibanye Gold estimates that its Cooke Mine situated in Randfontein in Gauteng lost 300kg of gold production, equivalent to R160m during a four-week unprotected strike.

SA miners need tech upgrade to revive its status as king of gold

2017-03-24 08:53

South African producers will need to develop technology to fit its mines rather than using machines developed for elsewhere in the world, an expert explains.

Vantage needs R100m to keep Barbrook open

2017-01-15 06:01

Australian company Vantage Goldfields needs a further R100 million bailout after its second Mpumalanga mine was placed under business rescue last month.

Gold diggers turn to waste dump for nuggets as output drops

2016-09-21 07:04

With gold output in South Africa mired in a multiyear decline, the country’s biggest producer is turning to an overlooked and cheaper source of supply: the dump.

Amcu votes to strike in gold sector

2015-10-11 18:30

Amcu mine workers have voted to down tools at the operations of AngloGold Ashanti, Harmony Gold and Sibanye Gold, says union leader leader Joseph Mathunjwa.

Bloodshed seen if pay strike called at SA gold mines

2015-07-23 07:51

A pay strike at South African gold companies could result in more violence at the mines, said Andrew Levy, a labour-relations consultant.

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