South Africa Gold

• Aflease Lifts Share Caution

  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.

• DRDGold Buys Rest Of Elsburg From Mintails

  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.

• Rand Hedges Can Be Gems Or Dross

  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.

• JCI-R&E Merger Ratio Under Fire

  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.

• DRDGold Says It Has A Solution To Rising ERPM Water Levels

  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.

• More Heart For The Gold Bulls

  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.

• ERPM Hovering On The Brink Of Closure Again

  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.

• COPE 'Misinforming Miners About Their Pensions'

  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.

• Simmers To Sue State For R175 Million In Interest

  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.

• South Africa's Gold Production Plummets 17.7%

  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.