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By Charlotte Mathews |
December 12, 2008
The withdrawal of Aflease Gold's cautionary notice this week was a formality required by the JSE and did not imply there would be no financial effect on the company as a result of its two recently announced transactions, says CEO Neal Froneman.
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By Charlotte Mathews |
December 10, 2008
Gold miner DRDGold had agreed to buy the 35% of the Elsburg Gold Mining joint venture that it did not already own from Mintails for R177 million in cash, it said yesterday.
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By Ben Temkin |
December 10, 2008
OH, WOW, there was another rally on the world's major stock markets - the JSE included, of course - on Monday. As Jean wrote in her weekly technical review, the Dow remains the bellwether of our own market.
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By Charlotte Mathews |
December 8, 2008
The merger of JCI and Randgold & Exploration (R&E) was likely to go through on the vote of its majority shareholders, but that did not make it right, a minority shareholder said on Friday.
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By Charlotte Mathews |
December 1, 2008
DRDGold had devised a pumping solution to check rising water levels at its ERPM mine on the East Rand that would address environmental threats, CEO-designate Ni"el Pretorius said on Friday.
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By Jean Temkin |
December 1, 2008
Thanks mostly to the three-month rise of the dollar against the rand, the rand gold price reached a record high of R8,649/oz last week while the dollar price put on 5%. The dollar is extremely overbought.
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By Charlotte Mathews |
November 24, 2008
The decision to stop all underground operations at DRDGold's East Rand Proprietary Mines (ERPM) is more than just the potential death knell of a 111-year-old mine and the loss of almost 2,000 jobs.
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By Amy Musgrave |
November 19, 2008
The National Union of Mineworkers (NUM) has accused the Congress of the People (COPE) of starting a campaign of misinformation among miners concerning their pension funds in an effort to recruit new members.
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By Charlotte Mathews |
November 14, 2008
Gold miner Simmer & Jack said yesterday it planned to sue the minerals and energy department to recover R175m in interest it was owed on a rehabilitation trust fund.
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By Charlotte Mathews |
November 14, 2008
The nation's gold production dropped 17.7% in September compared with September last year, underlining the country's retreat from once being the world's largest gold producer.