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Pan African's R1.5bn Evander bet is safe

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Posted by admin 43 days ago (http://www.miningmx.com)
Evander Gold Mines would flourish at R100,000 per kilogram, says Ron Holding, joint CEO of Pan African Resources which bought the asset in February for R1.5bn.

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Ramaphosa can't stop exodus from the NUM

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Posted by admin 44 days ago (http://www.miningmx.com)
The turnout at NUM's Workers Day rally earlier this month spoke louder than the impassioned defence given to the stalwart union by its founder, Cyril Ramaphosa.

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SA carbon tax baffles critics who look to EU

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Posted by admin 45 days ago (http://www.miningmx.com)
The National Treasury's second policy paper on carbon taxes comes at a time when the European governments are relenting on taxes in order to stimulate their economies.

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Randgold growth untroubled by gold 'correction'

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Posted by admin 47 days ago (http://www.miningmx.com)
Mark Bristow, CEO of Randgold Resources, said the gold market had corrected and would lead to better businesses while his firm's own growth plans were undisturbed.

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Amplats must not relent on restructuring plans

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Posted by admin 47 days ago (http://www.miningmx.com)
Anglo American Platinum would deal its peers a grievous blow were it to relent on its restructuring plans now.

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Harmony rings in austerity cuts worth R1.8bn

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Posted by admin 48 days ago (http://www.miningmx.com)
Harmony aimed to slice R800m off corporate and operating costs and a further R1bn would be cut from the development bill of its Wafi-Golpu project in 2014.

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SA platinum output unlikely to rebound

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Posted by admin 48 days ago (http://www.miningmx.com)
Platinum production would be constrained by labour strife, said Thomson Reuters GFMS which added that a failure to restructure would hurt the platinum price.

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Aquarius' R1.25bn Booysendal deal on the brink

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Posted by admin 50 days ago (http://www.miningmx.com)
It's been two years since Northam Platinum agreed to sell Aquarius Platinum 31 million ounces contained in Booysendal South in which time DMR approval has been pending.

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