Barrick, Randgold union could trigger fresh wave of gold industry consolidation
THE blockbuster merger of Barrick Gold with Randgold Resources announced yesterday could trigger a fresh wave of consolidation in the world's gold mining sector,...
RBPlat secures R1bn increase in debt to fund R1.86bn purchase of...
ROYAL Bafokeng Platinum (RBPlat) said it had secured an increase in existing debt facilities to R3bn from R2bn which was a pre-requisite to completing...
Hummingbird sticks to 115,000 oz forecast despite heavy Mali rains
HUMMINGBIRD Resources kept gold production guidance for its 2018 financial year at between 105,000 to 115,000 ounces despite encountering lower output in the third...
Endeavour to unveil maiden resource at “priority target” in Q4
ENDEAVOUR Mining is due to post a maiden resource estimate for Fetekro, a greenfield exploration property in north-central Côte d'Ivoire which it described today as...
NUM signs three-year wage deal with AngloGold Ashanti
THE National Union of Mineworkers (NUM) joined rival the Association of Mineworkers and Construction Union (AMCU), as well as UASA and Solidarity, in signing...
Amplats finance director resigns after deciding to leave SA
IAN Botha, finance director for Anglo American Platinum (Amplats) has resigned from the company after deciding to leave South Africa in order to pursue...
AMCU in deadlock with Sibanye-Stillwater on gold wage negotiations
WAGE negotiations between the Association of Mineworkers and Construction Union (AMCU) and Sibanye-Stillwater were in deadlock on Thursday, said African Network Agency in a report...
Mintails put into final liquidation leaving R460m environmental liability
MINTAILS, a surface retreatment company, was placed into final liquidation by the Johannesburg High Court this week which leaves behind a R460m environmental liability,...
Gemfields reverses heavy losses posting $16m half-year profit
GEMFIELDS reversed heavy losses incurred for its 2017 financial year to report a net profit of $16m for the six months ended June 30...
Charles King throws legal spanner into Optimum sales process
ATTEMPTS by business rescue practitioners to sell Optimum Coal Mines has run into yet another legal challenge, according to BusinessLive which referred to court papers...