A mechanism is in place to repatriate $252-million from the Democratic Republic of Congo (DRC), AngloGold Ashanti CEO Kelvin Dushnisky said on Monday. The Johannesburg- and New York-listed company drew attention to the outstanding cash balances awaitin…
Mechanism in place to repatriate $252m from DRC – AngloGold Read More »
Gold mining company Pan African Resources stated on Monday that it had increased its Covid-19 assistance to R5-million, recalled its permitted employees, updated production guidance and removed hedging from the end of June. Headed by CEO Cobus Loots, t…
Pan African lifts Covid help to R5m, recalls workers, unhedges Read More »
Gold mining company AngloGold Ashanti more than trebled first-quarter cash flow from operating activities, bolstered its available liquidity to more than $2-billionn and improved leverage as key mines delivered solid performances. The Johannesburg- and…
AngloGold cash flow soars 231%, liquidity boosted to $2bn Read More »
Operations at the Lion ferrochrome smelter and Eastern Chrome mines of the Glencore Merafe Chrome Venture have recommenced, but the Boshoek, Rustenburg, Wonderkop, Lydenburg smelters and Kroondal mine will remain on care and maintenance until the macro…
Lion ferrochrome smelter, Eastern Chrome mines restart – Merafe Read More »
Surface gold mining company DRDGold on Thursday reported an 18% quarter-on-quarter increase in adjusted earnings to R389.3-million for the three months to March 31. The increase reflects a 13% increase in the average rand gold price received to R785 58…
DRDGold earnings up for quarter, R213m dividend paid Read More »
Gold mining company Harmony Gold is targeting the establishment of coronavirus testing facilities at its own premises to speed up the current two-day turnaround time. “As an industry, we’ve put together a process to get more test facilities on our own …
Harmony Gold targeting Covid test facilities on own mine premises Read More »
A full bench has heard the application for a judicial review of certain aspects of the Mining Charter gazetted in September 2018. Judge President Mlambo, judges Vally and Van Der Schyff reserved judgment on the application lodged by the Minerals Counc…
Judgment reserved at Mining Charter review hearing Read More »
Gold mining company Harmony Gold intends raising $200-million equity capital to fund the first tranche payment of its acquisition of the remaining South African assets of AngloGold Ashanti. Harmony FD Boipelo Lekubo said in response to Mining Weekly du…
Harmony to riase $200m as rand gold price nears all-time high Read More »
Gold mining company Harmony Gold intends raising $200-million equity capital to fund the first tranche payment of its acquisition of the remaining South African assets of AngloGold Ashanti. Harmony FD Boipelo Lekubo said in response to Mining Weekly du…
Harmony to raise $200m as rand gold price nears all-time high Read More »
The operating free cash flow margin of gold mining company Harmony Gold more than doubled in the nine months to March 31 to 13% from 6% in the corresponding period last year. This was due largely to a 21.6% increase in the average rand gold price recei…
Harmony Gold’s operational free cash more than doubles to R3bn Read More »
