The 1000 kg gold-advance scheme launched last year by four groups to support jewellery manufacturers under government's beneficiation drive has lent slightly under half the amount available in its first seven months.
Court records have confirmed that assets worth far more $320 million that previously belonged to Randgold & Exploration were sold during Brett Kebble's last year as CEO - and that the proceeds cannot be traced.
Highveld says several companies have approached Anglo American for its 79% stake in Highveld Steel & Vanadium Corporation - Anglo has appointed a group of independent directors to advise it on the proposed sale.
Listless precious metal markets for three quarters of 2005 put a minority of very bullish price forecasters on the back foot. Now look who's laughing last in this quarter's unprecedented commodity price volatility and surging equity valuations.
AngloGold Ashanti and Gold Fields will make 1,000kg of gold available to gold jewellery manufacturers - a deal that enables jewellers to borrow working capital in the form of gold at more favourable rates than a commercial loan.