Gold Fields threatens to walk from Aussie tilt
GOLD Fields was prepared to walk away from a bid for Northern Star Resources, saying on Monday its $27bn offer did not “define” the company. “We really don’t feel we need to do…
Recovery at Gold Fields masked by permitting woes
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…
What resource nationalism means for Africa’s miners
Governments across Africa are seeking to assert greater control over their mineral wealth by rewriting mining codes, demanding larger equity stakes or greater local…
SA miners head for best month on record
SOUTH African precious-metals miners are staging a comeback, with the sector heading for its best month on record, Bloomberg reported. The FTSE/JSE Precious Metals and Mining…
Johannesburg is having a gold rush … Sort of
THE last time gold was as valuable, prospectors, gamblers, bounders and other rakes were united in scouring the globe – from California to Johannesburg – with their pickaxes and…
Wia Gold lines up $360m deal for Kokoseb project
WIA Gold said on Monday it had signed indicative terms with Canada’s Sprott to borrow $360m for construction of Kokoseb, a proposed 150,000-ounce-a-year gold project in Namibia.…
Uranium from seawater: Froneman plans new mining firm
NEAL Froneman led the company he founded, Sibanye-Stillwater, for 13 years before abruptly announcing he would step down last year, aged 65. Those years were a punchy, all-action…
WGC hopes Ghana will weigh its input amid gold reform
THE World Gold Council hoped that its work helping Ghana formalise its artisanal and small-scale gold mining (ASGM) sector would be “taken into consideration” as the West African…
Ghana to enact new law ahead of Gold Fields renewal
GHANA is drawing up its most extensive rewrite of mining rules in twenty years – a move that would sharply cut how long companies can run mines in Africa’s top gold producer…
Ghana’s cabinet backs mining law overhaul
GHANA’S cabinet has approved amendments to the country’s mining law for submission to parliament, Mines Minister Emmanuel Armah-Kofi Buah said in a Reuters report. The proposed…
Guinea bans raw gold exports to force local processing
GUINEA’S military president Mamadi Doumbouya has ordered an immediate halt to raw gold exports, requiring all gold to be refined domestically before leaving the country, said…
Is Harmony Gold being unfairly ignored by investors?
IT’S a curious fact of mining that companies talking about projects are often better rated than those actually building them. The unpalatable truth is that the industry has a…
Barrick steps up Ebola precautions at Kibali mine
BARRICK Mining has introduced heightened precautions at its Kibali gold mine in the Democratic Republic of Congo’s Haut-Uele province following an outbreak of the deadly Ebola…
AngloGold, Gold Fields make ground on North American rivals
OUTPUT declines at North America’s three largest gold producers are allowing mining companies in other regions to close the gap in global production rankings, said Bloomberg News…
Ghana limits Damang mine bids to local firms
GHANA has restricted the tender to find a new operator for the Damang gold mine — which Gold Fields is set to hand over to the government on April 18 — exclusively to companies…
AngloGold to call $3.6bn US project study in June
ANGLOGOLD Ashanti said on Thursday a prefeasibility study of its cornerstone greenfields project Arthur confirmed average annual production of 500,000 ounces a year to be mined…
Resolute greenlights $516m Côte d’Ivoire gold mine
RESOLUTE Mining has given the final thumbs up for its $516m Doropo project in Côte d’Ivoire, scoped in a recent feasility study to produce an average of 169,000 ounces of gold a…
Harmony studying plans to expand surface gold output
HARMONY Gold is weighing up plans to expand its surface remining activities which includes development of tailings facilities accessing 5.7 million ounces in gold resources in…
Cockerill’s 20-bagger: why discovery gives Endeavour edge
“IN an earlier life I must have been a fireman because instead of displaying rational behaviour in situations like this and running away, I tend to run towards them”. So said Ian…
Gold Fields ‘guinea pig’ in Ghana royalty talks
GOLD Fields has dramatically increased its mineral reserves and resources estimates at its flagship Tarkwa mine in Ghana as part of talks with the West African nation’s…