Legal, Investments & Finance

Gold decline taking toll on JSE index

Gold mining companies tugged down stocks on South Africa’s JSE as the price of the metal fell to a new four year low of $1 160 per ounce this week. This weighed on South African stocks that fell for a second straight session on Wednesday, as gold...

Harmony records a 16% lift in Q3 revenue

Harmony Gold had a 16% increase in gold sold which saw the JSE and New York-listed miner’s revenue increase by 18% to $412 million in Q3 2014. The gold miners revenue surge was also impacted on by a 2% increase in the Rand gold price received in...

AML acquires Marampa to quell iron ore slump

African Minerals (AML) has announced plans to blend its iron ore with that of a newly acquired partner as iron ore producers continue to grapple with a sluggish iron ore market. This week the steelmaking raw material hit a lowly $78.01 tonne mark...

Roxgold earns financing for Yaramoko project

Toronto-listed Roxgold announced the closing of previously announced bought deal financing of 46.2 million units of Roxgold at a purchase price of $0.65 per unit for aggregate gross proceeds in the amount of approximately C$30 million. The net...

African Potash drills final hole at Lac Dinga

African Potash’s (AIM: AFPO) second and final hole of its first drill campaign at the Lac Dinga Potash Project picked up where the first left off after successfully intersecting potash mineralisation. The two-hole drill programme tested two...

Sibanye Gold upgraded at HSBC

Sibanye Gold  (ADR) HSBC upgraded shares of Sibanye Gold (NASDAQ:SBGL) from an underweight rating to a neutral rating in a research report sent to investors last week, TheFlyOnTheWall.com reports. HSBC has also modified their ratings on a number of...

Stellar Diamonds moves into production

Trial mining production at Stellar Diamonds’ (AIM: STEL) Baoulé Kimberlite pipe project in Guinea is proving to be less trial and more production if the latest results are anything to go by. Operations only commenced earlier this month but already...