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…
Barrick may delay North America gold IPO to 2027
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…
Barrick’s growth plan for non-IPO mines has its risks
BARRICK Mining’s business outside North America offers growth from assets including Lumwana and Kibali, but Reko Diq remains the main source of doubt in the group’s growth plans.…
Barrick’s $1.95bn Newmont deal clears path to IPO
BARRICK Mining has cleared a significant hurdle ahead of its proposed North American IPO after reaching an agreement today with rival Newmont to expand their Nevada Gold Mines…
Barrick’s North American IPO plan faces investor backlash
BARRICK Mining’s proposed IPO of its North American assets is facing opposition from several major shareholders, raising pressure on the Canadian group’s chair, John Thornton,…
AngloGold shareholders approve $2bn share buy-back
ANGLOGOLD Ashanti shareholders approved the firm’s plan to buy back up to $2bn of its own shares over the next five years, but it was a relatively close call. Approaching a third…
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…
Gold miners set for strong Q2 despite cost pressures
GOLD producers are on track to post substantially higher second-quarter earnings on the back of firmer bullion prices, though rising energy costs tied to the Iran war likely…
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…
A spat over share buy-backs a happy problem for gold investors
ANGLOGOLD Ashanti on July 13 urged shareholders to support a resolution to buy back up to $2bn worth of its own shares after proxy advisory ISS questioned the tactic. “Given the…
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…
Ghana confirms plans to buy 30% of gold from July 1
GHANA has agreed with its large-scale mining companies to increase the share of gold output sold to the state from 20% to 30%, effective July 1, as the country moves to build…
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 launches $3bn buyback ahead of spin-off
BARRICK Mining said it planned to repurchase $3bn of its shares in an effort to reward shareholders ahead of the proposed spin-off of its North American operations, later this…
Africa has turned the screw on its gold miners. Just ask Gold Fields
RESOURCE nationalism is back in a big way in Africa’s gold sector. The latest company to come under its eye is Gold Fields, where there are concerns about the cost of renewing…
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…
Harmony Gold seeks end to 18-year PNG deadlock
HARMONY Gold is hoping that mediation will bring what it has sought for nearly 18 years: the development of Wafi-Golpu, a gold and copper deposit in Papua New Guinea (PNG) that…