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Galaxy listing blip “not a show stopper”

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Galaxy Gold was unfazed by the JSE's ruling preventing it from a proposed listing, saying the action was "not a show stopper'.

SA economic policy wrong-headed

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South Africa had prioritised social transformation ahead of economic growth, the reverse of the model that had worked so well for China, an Xstrata executive said in Johannesburg.

Gold hits new record high

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The gold price shot through a fresh all-time high after the release of grim US economic data.

Malema flies in mining giant’s chopper

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Julius Malema flew in a chopper leased to him by Exxaro Resources ahead of the ANC's national general council where he intensified his calls for nationalisation of the country's mines.

IFM pulls back on expansion plan

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International Ferro Metals said depressed conditions in the ferrochrome market had forced it to consider reducing a three furnace project to two furnaces.

AngloGold hedge unwind reflects optimism

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AngloGold Ashanti believes the decision to unwind the bulk of its gold hedgebook reflects the company's confidence in the likely direction of the gold price.

JSE delays Galaxy Gold listing

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The proposed listing of Galaxy Gold has been put on ice after the JSE raised concerns about the firm's mining rights.

Northam, Kumba under strike siege

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As a strike at Northam enters its fourth week, 6 000 workers at Kumba Iron Ore also plan industrial action.

Pallinghurst is for the patient

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Pallinghurst Resources has struggled to find its feet, but may offer long-term investors considerable potential for capital gains.

Harmony searching for trapped miners

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Harmony Gold Mining Company said on Monday afternoon that rescue workers are searching for two employees following a seismic event.