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South Africa falls to small percentage of AngloGold output 

By: Martin Creamer     20th February 2018 South African gold mines now represent around 13% of the AngloGold Ashanti portfolio, AngloGold Ashanti CEO Srinivasan Venkatakrishnan (Venkat) said on Tuesday. The fall in the contribution from AngloGold's South Africa region mines follows the sale of Moab and Kopanang and the closure of the Tau... 

Moab Khotsong deal concluded

By: Megan van Wyngaardt     20th February 2018 Harmony Gold on Tuesday said all conditions precedent to its acquisition of Moab Khotsong from AngloGold Ashanti had been met and that the transaction would become effective on March 1. "The integration of Moab Khotsong will enhance the quality of our portfolio and boost our cash flows," said... 

Glencore, Randgold form group to challenge Congo law changes

By: Bloomberg     19th February 2018 Glencore and Randgold Resources are among major mining companies in the Democratic Republic of Congo clubbing together in a bid to stop sweeping legal reforms, claiming their interests were poorly served by the existing industry body. In a letter sent to Congolese President Joseph Kabila on... 

Harmony's headline earnings soar, eight die, Moab transferred

By: Martin Creamer     13th February 2018 Harmony Gold on Tuesday reported improved earnings, production, grade and costs in the six months to December 31, but regrettably also eight fatalities. While Mining Weekly Online was engaged in the media conference, the transfer of ownership of Moab Khotsong assets to Harmony became official,... 

Lack of communication impacts on safety

By: Paige Müller     9th February 2018 Many large companies typically do not have the required technology or resources available to adequately communicate with lower-level staff, which software company Wyzetalk believes affects industry health and safety negatively. “Organisations provide a corporate email address for executives and... 

Randgold Resources achieves record production, reduces cost in high-performance year

By: Mia Breytenbach     5th February 2018 Randgold Resources has, for the seventh consecutive year, increased its gold production, boosting output by 5% year-on-year to 1.32-million ounces and exceeding the guidance for 2017. The miner has further reduced its total cash cost by 3% to $620/oz – the lowest level in six years. 

Harmony gets shareholder go-ahead for Moab Khotsong acquisition

By: Megan van Wyngaardt     1st February 2018 JSE-listed Harmony Gold Mining's shareholders have given a 99.6% approval of the miner's plans to acquire mining operations and related infrastructure from AngloGold Ashanti. The $300-million deal will include the Moab Khotsong mine, one of the newest South African deep-level mines, with... 

AngloGold output up but loss looms on impairment, retrenchment, silicosis costs

By: Martin Creamer     31st January 2018 Gold mining company AngloGold Ashanti produced more gold in the 12 months to December 31 than in the same period of 2016, but is heading for a basic loss for the period on impairment, retrenchment and silicosis settlement costs, the company said in a trading statement on Wednesday. Full-year... 

Harmony shareholders to vote on Moab Khotsong deal on Feb 1

By: Natasha Odendaal     25th January 2018 Harmony Gold has removed two resolutions from its meeting agenda to seek shareholder approval for the acquisition of Moab Khotsong, after reducing the potential equity capital raising from $200-million to $100-million on the back of sufficient cash resources and a strong production performance.... 

Silicosis trust has awarded quarter of R400m settlement to qualifying former mineworkers

By: Natasha Odendaal     10th January 2018 A trust formed in 2016 to compensate a group of former Anglo American South Africa and AngloGold Ashanti employees who suffer from silica-related illnesses, has already distributed about R102-million of a R395-million settlement. The Q(h)ubeka Trust was established in March 2016 following the... 

SCA postpones silicosis class action hearing

By: Megan van Wyngaardt     10th January 2018 The ongoing silicosis and tuberculosis class action litigation against South African gold miners has been postponed, following a request by representative attorneys to the registrar at the Supreme Court of Appeal (SCA) to do so. The SCA has granted approval for the postponement. The joint letter... 

AngloGold’s Tropicana JV commits to Long Island strategy

By: Mariaan Webb     7th December 2017 Joint venture (JV) partners AngloGold Ashanti and Independence Group have committed to the initial phase of the Long Island strategy, which will ultimately add 2.1-million ounces to the Tropicana mine’s business plan and will extend the operation’s mine life by seven years to 2027. The... 

Vector eyes resource adjacent to world-class Kibali mine

By: Mariaan Webb     7th December 2017 Australian junior Vector Resources is negotiating with the Democratic Republic of Congo’s State miner, Sokimo, to establish two joint ventures (JVs), one of which is adjacent to the large Kibali gold mine of Randgold Resources and AngloGold Ashanti. Vector has signed a binding agreement with... 

Harmony Gold spells out value of Moab investment

By: Martin Creamer     6th December 2017 The acquisition of the Moab Khotsong gold mine represents a significant list of advantages for Harmony Gold, the company outlined in an investor brief on Wednesday. The Johannesburg Stock Exchange-listed gold mining company calculates that inclusion of the Moab Khotsong operations the company... 

Ausdrill wins contract extensions in Africa and Australia

By: Creamer Media Reporter      28th November 2017 Mining services company Ausdrill said on Tuesday it had secured two contract extensions at African operations and one in Western Australia. The ASX-listed firm reported that South Africa-based AngloGold Ashanti had awarded its wholly owned subsidiary African Mining Services (AMS), a provision... 

Gold miners shifting focus back to growth

By: Megan van Wyngaardt     22nd November 2017 While global gold miners will gradually shift their focus from financial austerity to growth through acquisitions and increased spending, miners operating in sub-Saharan Africa (SSA) will face elevated costs owing to regulatory uncertainty, power shortages and labour unrest, according to... 

Harmony ups output, cuts costs, improves margins

By: Martin Creamer     7th November 2017 Gold-mining company Harmony produced 14% more gold in the three months to September 30, when it cut unit costs by 8% and improved the margins of profit at its South African operations. Excellent operational performance was responsible for the margin improvement and last month’s acquisition of the... 

AngloGold achieves strong Q3 performance, on track to meet FY guidance

By: Mia Breytenbach     6th November 2017 Johannesburg- and New York-listed AngloGold Ashanti generated free cash flow of $88-million in the third quarter of this year, following strong production and cost containment across its portfolio, and remains on track to meet its full-year guidance.  The free cash flow for the quarter, compared... 

AngloGold confirms two dead, six rescued after Mponeng fall-of-ground incident

By: Natasha Odendaal     3rd November 2017 Two miners have been confirmed dead, with six others rescued at AngloGold Ashanti’s Mponeng mine, near Carletonville, following a seismic activity-triggered fall-of-ground incident on Thursday morning. AngloGold Ashanti on Friday confirmed that the rescue team brought two more workers safely to... 

One dead, three missing after Mponeng fall-of-ground incident

By: Natasha Odendaal     2nd November 2017 A search and rescue operation is under way at AngloGold Ashanti’s Mponeng mine, near Carletonville, following a seismic activity-triggered fall-of-ground incident on Thursday morning. Four workers have been rescued; however, AngloGold confirmed to Mining Weekly Online that there was one confirmed... 

Kibali Africa’s most mechanised gold mine – Randgold

By: Martin Creamer     2nd November 2017 If you want to make money in mining, you must be efficient and a company taking efficiency to new heights in Africa is Randgold Resources. While there is a perception in some developed world minds that in Africa mineworkers arrive at the gate, pick up a spade and go out there and shovel stuff,... 

AngloGold Ashanti sells Moab Khotsong to Harmony; Kopanang to Heaven-Sent

By: Natasha Odendaal     19th October 2017 JSE-listed AngloGold Ashanti has disposed of its various South African gold and uranium mining assets in the Vaal river region to Harmony Gold Mining for $300-million. The transaction comprised the Moab Khotsong mine, the Great Noligwa mine and related infrastructure; AngloGold Ashanti’s entire... 

Gold miners rejoice as WA gold royalty amendment fails to pass

By: Esmarie Swanepoel     13th October 2017 The Western Australian gold sector is rejoicing after a controversial amendment to the gold royalty failed to pass through Parliament this week. The Mark McGowan government failed to pass its proposed 50% increase in the gold royalty after opposition parties blocked the move in the Upper House... 

Altus sets out intention to buy Legend Gold

By: Ilan Solomons     11th October 2017 Africa-focused exploration project generator Altus Strategies has signed a nonbinding letter of intent to buy gold exploration company Legend Gold Corp – a TSX-V-listed company with a portfolio of gold projects in Mali. Aim-listed Altus plans to acquire a 100% interest in Legend and is offering... 

Local pumps supplier’s range extended

     6th October 2017 Engineering equipment supplier Mechanical Rotating Solutions (MRS) was appointed in August as a service and product supplier by international pumps company HCP Pumps’ South African subsidiary HCP Pumps South Africa. MRS MD   explains that being appointed to the network of accredited suppliers... 

Mining leaders stress need for good leadership

By: Mia Breytenbach     5th October 2017 Good leadership is critical to South Africa, former AngloGold Ashanti CEO Bobby Godsell said on Thursday. Speaking during a panel discussion on the leadership skills required for the future at the fifth Joburg Indaba conference, he stressed that the “fish rots from the head” and that good... 

CoM should stay away from ‘crook’ Zwane – Pityana 

By: Anine Kilian     4th October 2017 AngloGold Ashanti chairperson Sipho Pityana has urged South Africa’s mining lobby, the Chamber of Mines, to stay away from Mineral Resources Minister Mosebenzi Zwane, whom he accused of not being committed to South Africa’s mining industry. “I fully endorse that the Chamber of Mines stays away... 

Exploration spend will be WA royalty hike’s first casualty

By: Esmarie Swanepoel     4th October 2017 Western Australian gold miners have warned the state government that an increase in gold royalties would not only result in massive job losses across the state, but could also jeopardise the future of the sector as less money will be put towards exploration. Speaking at a round-table in Perth on... 

Matsa delivers first ore to Sunrise Dam treatment plant

By: Esmarie Swanepoel     3rd October 2017 ASX-listed Matsa Resources has delivered its first ore from the Fortitude gold mine, in Western Australia, to gold miner AngloGold Ashanti’s Sunrise Dam treatment plant. Matsa in June signed an agreement with AngloGold Ashanti, which would see the gold major purchase the Fortitude gold ore to... 

WA gold miners warned of ASX suspension

By: Esmarie Swanepoel     26th September 2017 he Australian Securities Exchange (ASX) has warned that it could temporarily suspend the share trading of Western Australian gold producers if the state government’s plans to increase gold royalties were passed through Parliament. The Australian on Tuesday reported that the ASX would repeat the... 

Platform ensures more effective communication

By: Marleny Arnoldi     22nd September 2017 With ineffective communication often affecting the level of health and safety implementation and efficiency in industries that have stringent safety requirements, software company Wyzetalk provides more effective communication for such industries.  

AngloGold announces potential disposal of lossmaking Kopanang

By: Martin Creamer     15th September 2017 A memorandum of understanding (MoU) has been signed with a selected party which could result in a sale agreement involving the disposal of the 36-year-old, lossmaking Kopanang gold mine. AngloGold Ashanti said in a media release to Creamer Media’s Mining Weekly Online on Friday that unsolicited... 

Moody’s praises South African miners’ restructuring initiatives

By: African News Agency      12th September 2017 Moody’s Investor Relations on Tuesday praised the restructuring initiatives made by South African gold and platinum group metals (PGM) miners in a bid to protect the sustainability and profitability, saying that these were benefiting their credit profiles. In a report on Tuesday, Moody’s vice... 

AngloGold Ashanti invests more in Brazil-focused Orinoco

By: Esmarie Swanepoel     6th September 2017 South African gold miner AngloGold Ashanti will increase its shareholding in ASX-listed Orinoco Gold by taking part in a capital raise. Orinoco on Wednesday launched a fully underwritten one-for-two non-renounceable entitlement issue, prices at 2c each, to raise A$4.98-million. 

World's richest mines slipping from hands of multinationals

By: Bloomberg     5th September 2017 Outnumbered and outflanked, Freeport-McMoRan CEO Richard Adkerson made an about-face. Only months before, Adkerson had dismissed the idea of selling a majority stake in the Phoenix-based company’s flagship Indonesian copper-and-gold mine to local investors. But, seated beside government officials... 

Fatalities serve to remind industry of necessity to achieve zero harm – DMR

By: Ilan Solomons     1st September 2017 The recent spike in fatalities at South African mines, with the most recent occurring at Harmony Gold’s Kusasalethu mine, near Carletonville, should serve as a timely reminder to the mining industry that a significant step change in health and safety practices is needed to ensure the goal of zero... 

Resources Watch  

     31st August 2017 Alphamin focused on conflict-free tin production; Huge opportunity to create more demand for platinum; And, Obuasi clear of illegal miners 

Goldstone appoints new COO

By: Creamer Media Reporter      30th August 2017 Aim-listed Goldstone Resources, which is developing the Homase-Akrokerri gold project in Ghana, has appointed Darryl Norton COO. His appointment marks the start of the company seeking to build an operational team as it looks to advance its projects in Ghana.   Norton has more than 35 years'... 

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