Orion hits copper paydirt at Okiep but now has to fund future developments
Latest high-grade drilling results published by Orion Minerals for its Okiep copper project in the Northern Cape are a big boost both for Orion and for the region as a potential…
AngloGold is cutting its ties to SA in more ways than one
IT’S not often CEOs acknowledge the advances of a rival company but Alberto Calderon has no such qualms. In adopting a swingeing review of AngloGold Ashanti’s mines, he declares…
Gold Fields says severe weather could delay Salares Norte, pushing capex to $940m
GOLD Fields has flagged a further potential delay in the commissioning of its Salares Norte project in Chile following severe weather in the second quarter and the continued…
Bristow targets the last of Barrick’s legacy headaches before weighing his future
IT was no surprise Mark Bristow, CEO of Barrick Gold, delayed his retirement. After saying shortly after the merger of his Randgold Resources with Barrick that he might give…
Nelson to list Copper360 on Altx in October following reverse takeover by SHiP
INVESTORS on the Johannesburg Stock Exchange (JSE) will get a rare thing in October – a copper production company when former gold executive Jan Nelson lists his Northern Cape…
Gold Fields ran rule over AngloGold but kept coming back to Yamana Gold – Griffith
GOLD Fields CEO, Chris Griffith said his company had run the rule over a host of gold producers, including AngloGold Ashanti as it sought the next step in its strategy to build…
Calderon says AngloGold fighting against “scars of the past” in effort to narrow discount to rivals
ANGLOGOLD Ashanti was facing a credibility problem in which short-term gains were being outweighed by “scars from the past”, said Alberto Calderon, the group’s CEO since…
Barrick got “a way to go” before convincing market merger returns sustainable says Bristow
MARK Bristow said his company Barrick Gold had “a way to go” before it could convince investors its improved financial performance was sustainable. “Our share price is above its…
SA’s new mining pure-play Big Tree Copper confident IPO will fund expansion drive
NORTHERN Cape copper miner Big Tree Copper said it could raise as much as R100m when it listed, possibly before July, to help fund expansion of its current 100 tons a month…
Gold industry M&A set to continue in 2022 despite racking up $21.3bn in value last year
GOLD industry merger and acquisition activity last year totalled $21.3bn, the second highest ever in which an estimated 38 million ounces were acquired in 44 deals, according to…
Barrick’s Bristow hails ICMM commitment to zero emissions by 2050
MARK Bristow, CEO of Barrick Gold, threw his weight behind a commitment by the International Council on Mining and Metals (ICMM) to target zero emissions by 2050, saying it was a…
Miners not doing enough to meet UN targets on greenhouse gas emissions
THE mining sector is not doing enough to meet the United Nations’ goals in limiting global climate warming to two degrees Celsius above pre-industrial levels, according to a…
Southern Africa’s minnow economies are rising thanks to demand for green metals
THE Cactus Coffee Shop has a five-star rating on TripAdvisor, an online travel company. Situated on the corner of the Old Gold Course Road and Third Avenue in Namibia’s Uis, a…
BHP’s former utility player, Alberto Calderon is AngloGold Ashanti’s last shot at the big time
ANGLOGOLD Ashanti’s head office is located in Turbine Hall, a building of metal grid windows, ductwork, and brick in downtown Johannesburg that dates from the 1920s. When the…
Newmont warns of rising inflation with labour costs “running hot”
COST inflation would persist into next year for the world’s gold mining companies if today’s warning from Newmont Mining is anything to go by. Reuters cited the US gold…