Gold may crack $1 600 as Fed seen cutting rates four more times

2019-09-04 08:00

Gold will surge above $1 600 an ounce as the Federal Reserve embarks on a quartet of interest rate cuts to combat slowing US growth and the fallout from the trade war with China, according to BNP Paribas SA.

Gold sees wildest price swings since 2016

2019-07-09 06:30

The gold market is seeing the biggest price swings since late 2016 as traders and investors struggled to read when the US Federal Reserve may cut interest rates.

SA gold output extends biggest drop in a decade

2019-05-09 13:47

Gold production shrank for an 18th straight month in March, extending the longest run of contractions since the financial crisis.

AngloGold to comply with mining rights directive

2019-04-01 05:01

AngloGold Ashanti is complying with an order from the Department of Mineral Resources to amend its mining rights to reflect black economic empowerment.

Zim biggest gold miner suspends operations as central bank fails to pay up

2019-02-08 14:41

Zimbabwe's listed gold miner, RioZim, has suspended operations for the second time in four months, amid failure by the country's central bank to pay for a delivery to its gold buying unit.

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.


Gold's rally gets booster shot as Trump picks doves for the Fed

2019-07-03 08:58

Gold has resumed its rally above $1 400 an ounce on a cocktail of positive drivers, with weak data feeding expectations for fresh easing from central banks, Treasury yields hitting a two-year low, and new picks for the Fed.

AngloGold to review sale options for SA business

2019-05-09 07:59

AngloGold Ashanti say it’s reviewing options to sell its South African business, including Mponeng - its last underground mine in the country.

SA gold output plunges most in six years in December

2019-02-14 12:28

Production of gold by South African mines retreated the most in six years in December as a strike at the nation’s top producer of the metal continued.

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.

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