MOAB KHOTSONG
Harmony Gold prices $500m bond as growth capex ramps up
- David McKay
AUSTRALIA’S Northern Star Resources has appointed former Anglo American CEO Mark Cutifani to its board, Bloomberg reported. Cutifani and mining engineer Peter Rozenauers will join as non-executive directors…
PAN African Resources said it had cut capital expenditure on the expansion of Mintails gold tailings deposits by about R700m following a definitive feasibility study. A final investment decision on the…
SWITZERLAND has banned imports of Sudanese gold, including metal routed through third countries, according to a media release from development organisation SWISSAID on Thursday. The ban, which took effect on…
PAN African Resources said on Thursday it would report a tripling in full year headline earnings after increasing gold production amid a 54.8% increase in the average gold price. The…
WEST African Resources (WAF) is facing a heavier government and regulatory burden in Burkina Faso, where it operates the Sanbrado and Kiaka gold mines. The Australian-listed miner paid A$181.5m in royalties…
IS Gold Fields being unfairly penalised for its struggles with regulators? Yes, in the view of analysts who say the firm’s lagging share price performance is at odds with its improving cash flow generation.…
HARMONY Gold said an employee was killed in a seismic incident at its Moab Khotsong mine near Orkney on Sunday. The Department of Mineral and Petroleum Resources (DMPR) is leading an investigation into the…
BARRICK Mining is considering delaying the planned listing of its North American gold business until 2027, Bloomberg reported. The miner said previously it was targeting completion by the end of this year.…
ZAMBIA could unlock more than $1.8bn from its small-scale gold industry by bringing informal production and trading into the formal market, Bloomberg reported. Kakenenwa Muyangwa, CEO of Zambia Consolidated…
SIBANYE-Stillwater CEO Richard Stewart described the firm’s recently approved R5.5bn Mt Lyell copper project in Australia as “juicy” with significant resource expansion potential. It also contained…
WEST Wits Mining is pressing ahead with plans to increase gold production from its Witwatersrand Basin Project to 200,000 ounces a year despite being unable to publish a scoping study on the expansion. Shares…
WHEN 87 illegal miners died underground at Stilfontein in 2024 – and 1,826 surfaced from abandoned shafts – the event was a symptom, not an aberration. The uncomfortable truth for South Africa is that illegal…
GOLD miners are dramatically outpacing chip stocks, with the MSCI global gold miners index up 43% in August, according to Bloomberg. The mining rally accelerated after the US Treasury unexpectedly expanded…
HARMONY Gold says its hedging strategy continues to make sense after analysts questioned the approach following a nearly R10bn realised loss on its gold hedge book. The issue was raised during an analyst call…
SIBANYE-Stillwater is set to report a sharp rise in earnings for the first half of 2026, supported by higher gold and platinum group metal (PGM) prices and steady operations. The miner expects headline…